Lord Browne has presented the findings of the Independent Review of Higher Education Funding and Student Finance.
The review was tasked with making recommendations to government on the future of fees policy and financial support for full and part-time undergraduate and postgraduate students in England.
In a statement to the House of Commons on 12 October, Business Secretary Vince Cable said that the government endorsed the key points from Lord Browne’s report.
Dr Cable said:
This report is the culmination of months of diligent inquiry by Lord Browne and his panel of experts. They have taken evidence from a wide range of people including students, the higher education sector and business.
We will judge their recommendations against the impact on student debt, ensuring a properly funded university sector, improving the quality of teaching, increasing social mobility and attracting a higher proportion of students from disadvantaged backgrounds.
Minister for Universities David Willetts said:
The current system of funding for higher education is no longer fit for purpose. Any new funding settlement must promote world class competitiveness in teaching and research, with better quality for students.
I would like to thank Lord Browne and his panel who have worked in a truly independent, open and consultative manner, for all their efforts and we will carefully consider the recommendations.