Government response to NAO report into financial sustainability of HE providers

A Department for Education spokesperson said:

“Universities and colleges have done a fantastic job throughout the pandemic. Despite the challenges they have faced, both this report from the NAO and the most recent report from the OfS make clear that overall the HE sector remains financially resilient.

“Higher education is a key part of our skills revolution, which is why we have recently set out reforms to boost the sustainability of our world-class higher education system, including ensuring the student loan system is fairer for both students and taxpayers. This is backed by nearly £900m to support teaching and students including the largest increase in government funding for the HE sector in over a decade.”