Funding for postgraduate teaching - Peter Seddon, HEFCE

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Funding for postgraduate teaching - Peter Seddon, HEFCE

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Funding for postgraduate teaching - Peter Seddon, HEFCE

  1. 1. Funding for Postgraduate Teaching Peter Seddon 3 July 2014
  2. 2. Context
  3. 3. FT Taught Masters numbers by domicile (HESA - heads) 2005-06 2012-13 Difference Home 26,420 30,320 3,900 EU 11,550 14,675 3,120 International 38,990 69,680 30,690 Total 76,960 114,675 37,715 Proportion 2005-06 2012-13 Difference Home 34% 26% -7.9 percentage points EU 15% 13% -2.2 percentage points International 51% 61% +10.1 percentage points
  4. 4. PG numbers overall (HESES)
  5. 5. PGT: the arguments 1 – Taught postgraduate education is important to universities, but also to: • students; employers; the economy and society 2 – There are distortions in the market that may not be the public interest: • student characteristics • socio-economic background; home vs overseas • university incentives • pgt relative to ug, integrated masters and pgr • employer investment • specialist and conversion masters 3 – This could be compounded by the impact of higher debt at undergraduate level for graduates from 2015 4 - There are interventions government could make to address this, e.g. by risk sharing with: • students; banks; employers; universities
  6. 6. Certain 17% Likely 27% Not sure 25% Unlikely 22% Definitely not 9% IAGS 2013: how likely are you to progress to pg study? What factors put you off studying at postgraduate level? % 21 62 13 33 25 7 2 3 1 18 44 16 16 ' Not applicable Lack of flexibility in delivery method Lack of flexibility in timetable Lack of comparable information Family and personal commitments PG study is time consuming PG qualifications are not a requirement Not knowing what to study Being in a job I do not want to study at PG level Fear of debt Overall cost of living Course fees FREQUENCY 0 10 20 30 40 50 60 70 IAGS 2013: what factors put you off studying at PG level? (students who were neither ‘certain’ nor ‘likely’
  7. 7. Programme of work: • Analysis of data • Commissioning additional research • Piloting innovative approaches to supporting PGT • Public information needs • Engaging with Government on the longer term case So what is HEFCE doing?
  8. 8. Postgraduate Support Scheme (1) • Pilot activities to stimulate taught postgraduate education • Panel chaired by Professor Chris Brink selected 20 proposals for £25m funding, involving 40 universities and 1,700 students • Projects cover a range of subjects, types of institution and sectors of the economy • Activities include: • studentships, bursaries and loans • measures to raise aspiration among current undergraduates and people in work • curricula changes responding to student and employer imperatives • co-funding with employers
  9. 9. Postgraduate Support Scheme (2) Finance example Cranfield University • This pilot study partners with Prodigy Finance Ltd to pilot an affordable and sustainable loan scheme to PGT UK and EU students in STEM subjects. • 150 students supported; £2,000,000 PSS funding received Curriculum change University of Bath • Developing an innovative 15-month Enhanced MSc in Modern Building Design co-developed and co- delivered with employers, including 6-month work placement. Tuition fees paid plus £6,000 bursaries for most disadvantaged. • 30 students supported; £537,500 PSS funding received
  10. 10. We have asked institutions to improve their information and: • Provide consistent, accurate and up-to-date course-specific content • Provide detail about workload over the year • Make information about finance and funding easy to find • Increase information on career outcomes PGT information needs What do prospective students need? A website containing a PGT decision making tool will be launched in Spring 2015. We will ask all institutions to link to it.
  11. 11. Context ‘The changing nature of the labour market is demanding higher skilled workers. There are however potential barriers in the postgraduate system that may be restricting the supply of these higher skills. To ensure the UK can compete successfully in the global economy, the government will investigate options to support increasing participation in postgraduate studies and will put forward its ideas at Autumn Statement 2014.’
  12. 12. A successful and sustainable postgraduate education sector: • for students and universities, the economy and society In the short-term: • better rationale for public funding • progress on student finance • sector-wide evidence for university practice and further research In the medium-term: • postgraduates more central to the next round of HE policy Our goals
  13. 13. Thank you for listening p.seddon@hefce.ac.uk

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