Minister for Further and Higher Education, Research, Innovation, and Science Simon Harris has today published ‘Funding the Future: An annual options paper on reducing the cost of higher education.
This paper is a non-exhaustive list of options to be considered in advance of Budget 2023 and is published without prejudice to eventual Government Budget decisions.
Speaking today, Minister Harris said, “In May, we launched ‘Funding the Future’, a funding and reform framework for higher education.
“As part of the policy, the Government committed to publishing an annual paper which examines the costs associated with a range of options available to support students with the cost and accessibility of higher education.
“Today we publish this. It is important to stress these are the options available and are do not pre-empt the budgetary process.”
The options contained in this paper are intended to identify the cost of different measures, such as the costs associated with:
- reducing the student contribution
- increasing the number of students in receipt of a student grant
- increasing the rate of this grant
- other measures that will reduce the financial burden of going to college on families and students
In addition, over time, the annual options paper will consider progress and costings of other strategic priorities, particularly the extension of support to enable more flexible forms of learning including blended, online, and part-time, and simplification of the student grant system to make it more learner-friendly.