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Providing financial information to students

14 November 2018      Matt Sisson, Projects and Membership Manager

On a related theme, last week’s ‘leak’ from the Augur review of post-18 education and funding, containing as it did the words ‘tuition fee cut’, meant that other HE news took a back seat. On the same day the Education Select Committee released its report on Value for Money in Higher Education, which got a little lost in the news cycle. While it is unlikely that all of the committee’s recommendations on VfM will map onto the conclusions of the Augur review, the call for greater transparency over the costs and benefits of HE for students, as well as how universities ‘spend tuition fees’, is unlikely to be ignored.

Many HEIs already do much in this area, but few would say they have it completely sorted. This is something that could be left to marketing departments, but Finance input will lead to a more confident, and useful output. In reviewing what information you provide, there’s no shame in rephrasing from (or linking to) MoneySavingExpert’s excellent coverage of how the tuition fees system actually works, how much parents should save for their kids to go to university, and how students can work out a budget for themselves.

And if you want to throw in one or more of the six short BUFDG videos looking at the broader value of universities, then you are very welcome (and welcome to re-brand – drop Matt an email).



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