Financial Crisis For UK Universities Could See Significant Impact on Quality of Higher Education

Financial Crisis For UK Universities Could See Significant Impact on Quality of Higher Education

Riddhi Doshi 06/05/2024
Financial Crisis For UK Universities Could See Significant Impact on Quality of Higher Education

Many UK universities are facing a significant financial crisis due to a decade-long freeze on tuition fees for domestic students combined with a recent drop in international enrolment.

This has led to a wave of cost-cutting measures, including job cuts and course closures, across the higher education sector.

The situation is particularly concerning for universities that serve disadvantaged student populations. These institutions are often more reliant on government funding and could see deeper cuts as a result of the current landscape.

According to Vivienne Stern, the Chief Executive of the Universities UK Lobby Group, the ongoing financial strain could ultimately impact the quality of education offered by UK universities.

In response, universities are urging the government to take immediate action to address the crisis and they are calling for increased financial support to ensure the long-term sustainability of the sector and continued access to high-quality education for all students.

Alternative options to university, such as apprenticeships, could see an increase in popularity as a result.

Sheila Flavell CBE, COO, FDM Group: "The financial crisis facing universities highlights the importance of apprenticeships as a valuable alternative for Gen-Z. Apprenticeships provide a clear path to bridge the gap between education and the workplace, equipping young people with tailored digital skills that are highly sought after by employers.

Unlike traditional university degrees, apprenticeships allow young people to earn while they learn, reducing the financial burden of education. Additionally, apprenticeships can provide a more direct route into employment, as employers are increasingly looking for candidates with a blend of experience and qualifications.

In today's competitive job market, a university degree is no longer a guarantee of success. Apprenticeships offer a viable alternative for Gen-Z, providing them with the skills and experience they need to thrive in the digital workplace."

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Riddhi Doshi

Mental Health Expert

Riddhi Doshi trains and coaches corporate leaders, educators and parents on issues of mental health and behavior. She is an internationally certified Parenting & Behaviour Coach. In past 15+ years she has conducted 2540+ open workshops, delivered 87000+ hours of talks, 53000+ hours of counseling sessions covering 59000+ students and 62,000+ women from various fields. Parenting sessions conducted by Riddhi are housefull and recent;y she completed her 366th Parenting session. She has been a speaker and advisor at various institutions and organizations including IIM, Ahmedabad, Rotary Club, Tata Power, Larson & Toubro and The Time of India. She holds an MBA in HRD, LLM and numerous other professional certifications from prestigious international institutions including University of Cambridge, BSY University, London, City & Guilds, London, Tata Institute of Social Sciences and NMIMS, Mumbai. She has been awarded with “National Award for Cultural Activities by AVANTIKA- Delhi”, “Excellence in Wellness”, “Young Entrepreneurs Award”, “Self Made Diva Award” among various others. With a mission to “make corporate leaders, educators and parents empowered and more aware about mental health & wellness”, Riddhi regularly gives interviews on leading media platforms. She loves to interact with corporate leaders, educators and parents to discuss about women issues, child psychology and parenting challenges.

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