1 / 11

The future of h igher education

The future of h igher education. Anna Vignoles Institute for Education. Change. Impact on demand Pricing The future shape of the sector. Impact on demand. Previous fee increases have not impacted on enrolment May have shortened the queue Economic value of a degree remains high

nevin
Download Presentation

The future of h igher education

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. The future of higher education Anna Vignoles Institute for Education

  2. Change • Impact on demand • Pricing • The future shape of the sector

  3. Impact on demand • Previous fee increases have not impacted on enrolment • May have shortened the queue • Economic value of a degree remains high • Increasing variation and problems for new graduates • Not all degrees are equally valuable

  4. Impact on demand • £9k fees may yet make a difference • Fees may start to influence subject choice • High return subjects – quantitative, analytical, vocational • Fees may start to influence institution choice • Quality • Need for good advice becomes even more crucial • Transparency will be a challenge for the sector

  5. Impact on demand • What about the impact on poor students? • No evidence that the socio-economic gap widened as a result of fees • Main barrier for disadvantaged young people is their prior achievement • No shortage of aspiration

  6. Pricing • Demand from students • The impact of competition • Costs of delivery

  7. Demand from students • Need to know the expected economic value of a degree in X at institution Y • How much do students know? • Lifetime earnings • Initial salaries • Employment rates

  8. Demand from students • The market is limited by substantial subsidies • Debt written off for many students • Advertised price will matter less • Tendency to charge more as students less responsive to price

  9. The impact of competition • Reputation and pricing of competitors • Who are an institution’s competitors? • Global • National • Local • Gamesmanship and signalling effects

  10. Costs of delivery • Cost variation by subject • Some non-science courses are expensive and no longer subsidised • Cross-subsidy • What it means to be a university - minimum curriculum • Dropping courses may make financial sense

  11. The future shape of HE • Opportunity for universities to innovate • Marketing strategies and promotions • Price discrimination • Localism • Elitism • Economies of scale - mergers • Specialisation in subject areas

More Related