Following a speech by Theresa May, the Post 18 Funding Review will seek to ensure that students have the option to progress between high quality technical, vocational or academic routes and that courses are providing value for money
It will focus on the following four areas:
- Choice: identifying ways to help people make more effective choices between the different options available after 18, so they can make more informed decisions about their futures. This could include more information about the earning potential of different jobs and what different qualifications are needed to get them, as well as ensuring they have access to a genuine range of high quality academic, technical or vocational routes.
- Value for money: looking at how students and graduates contribute to the cost of their studies, to ensure funding arrangements across post-18 education in the future are transparent and do not stop people from accessing higher education or training.
- Access: enabling people from all backgrounds to progress and succeed in post-18 education, while also examining how disadvantaged students receive additional financial support from the government, universities and colleges.
- Skills provision: future-proofing the economy by making sure we have a post-18 education system that is providing the skills that employers need. This is crucial in boosting the UK economy and delivering on the government’s Industrial Strategy.
Damien Hinds, Secretary of State for Education made the following statement in the House of Commons:
“The review will be informed by independent advice from an expert panel from across post-18 education, business and academia chaired by Philip Augar, a financial author and former non-executive director of the Department for Education. To inform its advice, the panel will carry out extensive consultation and engagement with the sector, with business and with, among others, people currently or recently participating in post-18 education.”
Further comment on the review:
From Universities UK and ‘Five things the funding review must do’
From Wonkhe who interviews key voices across the sector