Since the increase in tuition fees in 2010, universities have had to adapt to a rapidly changing funding environment. Greater reliance on fees, which account for over two-thirds of total income at 42% of universities, has left their finances vulnerable to sudden changes in student numbers. Concerns over value for money, along with long-term spending commitments on pensions and infrastructure, also weigh heavily.
To be sustainable after Brexit, universities must prioritise the student experience whilst also finding new ways to maximise efficiencies and diversify revenue. Continue reading “Universities must commercialise to thrive after Brexit”