Stay up to date with notifications from The Independent

Notifications can be managed in browser preferences.

Oxbridge to lose cash perks

Stephen Castle
Saturday 01 January 1994 19:02 EST
Comments

Your support helps us to tell the story

From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.

At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.

The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.

Your support makes all the difference.

A SPECIAL government subsidy for Oxford and Cambridge is to be cut to bring them more into line with other universities, writes Stephen Castle.

Oxbridge receives millions of pounds of extra government cash for their students through support for special fees charged by colleges. This yields up to pounds 2,000 more for each student than other universities receive.

With acute pressure on spending because of the expansion in the number of students, ministers are reviewing that financial privilege.

Numbers are increasing more rapidly at newer universities, making Oxford and Cambridge's claim on extra funding weaker, they say. The number of students going on to higher education has increased by 46 per cent over four years.

The review is the latest in a series of attempts by Michael Portillo, Chief Secretary to the Treasury, to restrain costs in higher education. College fees have come under scrutiny because the Government pays them only to a small number of institutions which operate a collegiate system - mainly Oxbridge - on top of the usual tuition fees which all universities receive.

Abolition of college fees is an option under consideration by the Department of Education, although that outcome is unlikely. Stripped of all the subsidy, Oxbridge would probably pass on extra charges direct to students, thereby encouraging an elite core of other universities to do the same.

At present, the Government subsidises college fees with about an extra pounds 2,800 for each of Oxbridge's 20,000 domestic students. Some of this extra money is clawed back through another system by the Higher Education Funding Council for England.

The most likely outcome of the review is that the subsidy formula will change, allowing HEFCE to take back another pounds 10m a year. Another possibility is a change in the way the college fee money is distributed within the universities. The Department would monitor more carefully how the money was spent by each college.

Join our commenting forum

Join thought-provoking conversations, follow other Independent readers and see their replies

Comments

Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in