of the inquiry was to consider the funding of Higher Education Institutions
(HEIs) in Wales, the financial impact of the Welsh Government’s tuition fee
grant policy on HEIs and students in Wales, and whether the Welsh Government is
delivering value for money in this area.
part time Higher Education funding policy did not come into effect until 2014
and therefore this inquiry focused on full time Higher Education funding.
The Finance Committee’s terms of
reference covered three broad income streams of HEI funding plus the role of
finance in choices made by students:
- Research – How effective are HEIs in
securing research income including Welsh Government (WG) funding of
research via HEFCW.
- Tuition fee income and support – What has
been the financial effect of the new tuition fee policy introduced in 2012
which allows HEIs to charge students up to £9,000 per annum for HE courses
and what are the financial implications of the WG’s tuition fee grant?
- Other income opportunities or threats –
How important is the income stream to Welsh HEIs from tuition fees
received from students domiciled outside Wales including overseas students
and what are the financial consequences, now or in the future, of other
changes in the HE marketplace including the entry of private providers ?
- Student choices – What financial
considerations do students take into account when deciding whether to go
into HE and what impact the WG’s tuition fee grants have on an