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Interim impact assessment: urgent reforms to higher education funding and student finance

Department for Business, Innovation and Skills (BIS), corp creator. (2010) Interim impact assessment: urgent reforms to higher education funding and student finance.

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Abstract

There is a need for reform in the Higher Education (HE) system. An independent review by Lord Browne in October 2010 identified several failings with the current system and recommended a new approach for a sustainable funding system with incentives to drive participation and quality. Any reform must continue to address the inherent market failures (such as positive externalities) for the provision of HE and associated equity issues. But consistent with evidence that, of the total social benefits, the private benefits are large relative to external benefits and with reduced public investment in HE announced in the Spending Review 2010 (reflecting Government's efforts to reduce the fiscal deficit) there is a need for reform which rebalances public/private contributions, creates sustainable funding for institutions and incentives to drive participation and quality.

Item Type: Document from Web
Publisher: Department for Business, Innovation and Skills
Additional Information: http://www.bis.gov.uk/assets/biscore/higher-education/docs/i/10-1309-interim-impact-assessment-he-funding-and-student-finance.pdf
Uncontrolled Keywords: BIS0147
Depositing User: Mr Bernard Scaife
Date Deposited: 11 Mar 2011 04:28
Last Modified: 03 Jul 2012 18:08
URI: http://dera.ioe.ac.uk/id/eprint/1800
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