Now that we have reached the 50th anniversary of the Robbins report, which paved the way for the mass expansion of the UK higher education system, it is worth examining whether our system of university finance has evolved accordingly.
In terms of finance, we’ve come a long way from the days of Robbins. Back in 1963, the system consisted largely of maintenance grants for poor students. There were none of the tuition fee loans, maintenance loans or bursaries that are such important aspects of today’s system. While we can argue about whether asking students to contribute to their education is a good or bad thing, there’s no doubt about the increasing complexity that the introduction of these aspects of finance has brought. Continue reading →