Fikade Aina’s Post

Comparing University Costs: UK vs. USA for the next generation UK: Home students can pay up to £9,250/year in tuition, with living expenses adding another £12,000-£15,000 annually. International students might pay between £10,000 and £38,000/year. USA: Public universities charge in-state students $10,000-$30,000/year, while private universities can exceed $70,000/year, not including additional living expenses. For further insight check our latest resources: https://lnkd.in/edp4xFny #WealthManagement #HigherEducation #FinancialPlanning #EducationFunding #MisthosGroup #UniversityCosts #InvestmentStrategies #FuturePlanning #EducationSavings #FinancialAid

There is another way for universities to generate revenue… Much is made of the higher education funding crisis, and we could well ask how we got here. Universities will blame inflation and reduced government funding, but in truth over the last decade most universities have received an international funding windfall from international student recruitment and tuition fees. In the United Kingdom alone, this is in the region of around £20 billion (US$25 billion) a year over the last two recruitment cycles (2021-23) and it would be interesting to know how all that money has been spent. After a week-long search across the vast expanse of the internet, I must confess that the realm of fiscal innovation within global higher education appears rather barren, with most universities falling back on the default position that governments should provide them with more funding and-or students should pay ever higher fees. Read more here : https://lnkd.in/gTWUkRnW #ISDCGlobal #highereducation #education #global

Widening Access and student fees - do we recognise the implications? One key premise of the current university home fee structure in the UK was that if you wanted to charge the higher rate fee you had to spend a proportion of the ‘extra’ on widening access. We all had to have an Access Plan and we were monitored on delivery and to some degree, impact. But in light of the eroded value of the fee cap, the fact that it is now worth less than the original lowest level fee, does that agreement between institutions and Government still stand? I am a firm believer in and advocate of widening access, it is a power for good and an enabler of individual and societal change. But it was also a fundamental part of the then Labour Governments target of 50% of the population going to university. The current Government doesn’t believe in that. So where does that leave the principles of widening access? I worry that we will start to see this slip back to the domain of recruiting institutions only or mainly which will then limit the horizons of widening access students. The hard work of the last twenty years could be undone very quickly. Where are the drivers going to come from to ensure this doesn’t happen? Where is the debate happening to recognise the risks? Let’s not forget, widening access is not just about recruitment either, it is about support throughout the student journey and beyond to graduation. Real support, not just a paper exercise of rebadging existing activity. At a time of budget cuts how do we ensure this is protected as well. #highereducation #wideningparticipation #studentsupport #studentrecruitment #studentsuccess #universityadmissions

📰 Ontario Government Considers Financial Support for Colleges and Universities According to Global News, a senior Government of Ontario source has indicated plans to provide "financial support" to colleges and universities in response to the recommendations put forth by the blue ribbon panel. The panel has proposed a 10% increase in funding per student for the 2024-25 academic year, with additional yearly increases of at least 2%. At this point, it remains unclear whether the full financial recommendations outlined in the report will be implemented. Stay informed by reading the full article here: https://lnkd.in/g5DUrAwp #ontarioeducation #highereducation #government #newsupdate

An interesting conundrum currently facing UK universities. Is the solution to increase fees for domestic students to balance budgets or is it to further relax requirements for international students to generate more revenue? Given that there is a risk to academic standards and therefore the long term appeal of many UK universities if they continue to erode entry requirements we would argue that domestic student fees need to be adjusted in line with inflation over the last 10 years. https://lnkd.in/eW6a7_Zy

While #collegeclosures have been ticking up for a while in the United States, a new analysis shows that this trend could soon be mirrored in the United Kingdom. "A “reasonable worst-case scenario” modeled by the agency in its latest financial sustainability report could see no growth in student enrollments from the United Kingdom between 2023–24 and 2026–27 and a “significant reduction” in international students." #intled #highered #uk #highereducation https://lnkd.in/gf-VxSKG

Universities are calling for such an increase. They should be calling for a change to migration policy and an end to the pretence that our universities should compete against each other instead of providing integrated higher education to meet the needs of all in the UK.

If you're moving to the UK with children entering higher education and university soon, you should be aware of this crisis. According to The Economist report, 40% of UK universities expected to be in deficit just in the current year ending July. Much worse will be expected, as this is before institutions feel the full effect of the decline in the number of international students. Not a pleasing situation for those relocating to give a better chance for their children's education. #education #international #financial #universities #highereducation

This is not some thought experiment, but a very real, very pressing danger. If (/when) a UK university goes under, there is a real risk of contagion across the sector. And the impacts will be far reaching. 🔴 Jobs lost in towns and cities where the university has become the keystone employer. 🔴 Disadvantaged pupils being further squeezed from higher education and the associated social mobility. 🔴 Wider economic shock as universities currently contribute more than £116 billion to the UK economy. The next government needs to get a grip on funding HE. And fast. #highereducation #ukgeneralelection #studentfinance

Ex-ministers warn UK universities will go bust without higher fees or funding: Exclusive: Vice-chancellors suggest fee rise of £2,000 to £3,500 a year, but others say that is ‘politically impossible’ Vice-chancellors and former ministers are warning that the cash crisis facing universities is so serious that the next government will have to urgently raise tuition fees or increase funding to avoid bankruptcies within two years. They said the state of university finances was more dire than revealed in last week’s report by the Office for Students, which forecast 40% of England’s universities would end this year in the red. Continue reading... #Highereducation #UKnews #Universities #Education #Students