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The Browne Review presents significant implications for the higher education sector, outlining a shift towards a student-centric funding model. Key recommendations include changes to tuition fee structures, with students repaying loans based on earnings. This report analyzes the economic impact on universities, industry, and private investors (PIs) while emphasizing the need for universities to align more closely with industry demands. The proposals aim to enhance educational quality and foster collaboration between educational institutions and industries, ensuring a more resilient infrastructure in higher education.
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The Browne ReviewImplications for PIs Barry Clarke Institute of Resilient Infrastructure
Introduction • The HE Sector • The Browne Recommendations and Government Response • Implications
The University Sector Per capita GDP generated per £1 million spent (2007/08) (UUK, 2010) Industry size comparisons: sectoral gross outputs (£ million), 2007/08 (UUK,2010)
The University Sector No of students in each subject area (HESA, 2010) (total number of students = 2.4m) No of students in built environment programmes (HESA 2010) (total number of students = 90k)
The University Sector 165 HEIs £25.4B income pa £6.5B HEFCE funding pa (incl £4.7B teaching funding)
Financing the degree choose a programme maintenance fee loan £3750 Govt pay up to £6k personal? Govt pay up to £9k grant if poor £3250 grant to poor students < £21k no payback debt > £21k pay 9% over £21k payback with interest payback over 30yrs
The Browne Review • The Browne Review and the CSR are likely to result in a major shift in higher education • Principle of student does not pay until they earn enough as a graduate • Increase in quality of education and learning experience • Greater alignment with industry‘s needs • Increased contribution from industry • Pis have a more important role in accrediting programmes • Pis will have to engage universities/students more proactively to demonstrate benefits