English Universities' New Realities - John Morgan, Times Higher Education

The first year of the British government's new fees and funding system is expected to cost some of the England's newest universities (those created after 1992) almost 13 percent of their undergraduate intake and up to 46 percent of their direct government grant. The Higher Education Funding Council for England published its 2012-13 funding allocations for universities and colleges this week, with government policy yielding divergent fortunes for different types of institutions. The total recurrent grant allocation for higher education ­ consisting of funding for teaching, research and third-stream activities in higher and further education institutions ­ falls 18.6 percent to ￡4.9 billion ($7.8 billion). This reflects the fact that 2012-13 is the first year the academy will derive income from "new regime": undergraduates, who will be charged tuition of up to ￡9,000 ($14,300). Teaching grants will end for new regime students in all but high-cost subjects.