Higher Education Watchdog to Focus on Financial Stability of Universities

Published on July 29, 2024

The Office for Students (OfS) will be reorientated to focus on monitoring the financial sustainability of higher education (HE) providers, the government has announced. The Department of Education (DfE) said that the universities watchdog will also concentrate on regulating the quality of higher education, acting on behalf of student interests, and protecting how public money is spent. The DfE made the decision on Friday following the publication of a report which said the OfS needed to reduce its number of strategic objectives, with financial sustainability being a prominent issue the government admitted requiring oversight. The report—”Fit for Future: Higher Education Regulation Towards 2035″—said that “financial sustainability is the most significant, growing challenge for the sector....

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