15.07.2019 Views

HE Snippet Report - Selling Well in a Buyers' Market

In the past decade the number of 18-year olds has been in decline and over the same period, mature and part-time study numbers have also dropped. It’s simple economics that fewer applicants, coupled with the decision to uncap student numbers in England since 2015, means the power has shifted to applicants – the ‘buyer’.

In the past decade the number of 18-year olds has been in decline and over the same period, mature and part-time study numbers have also dropped. It’s simple economics that fewer applicants, coupled with the decision to uncap student numbers in England since 2015, means the power has shifted to applicants – the ‘buyer’.

SHOW MORE
SHOW LESS

You also want an ePaper? Increase the reach of your titles

YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.

Y O U T H S I G H T S N I P P E T J U L Y 2 0 1 9<br />

However, even if it’s ever<br />

implemented (and that’s a big if), the<br />

Augar Review is a long way from<br />

surrender<strong>in</strong>g the last vestiges of<br />

seller power to the applicant. It may<br />

merely make the market still more<br />

complex because it will distance the<br />

buyer further from the universities’<br />

<strong>in</strong>come. At the moment, university<br />

tuition <strong>in</strong>come is <strong>in</strong> almost direct<br />

relation to the size of its student<br />

<strong>in</strong>take. Under Augar, it will depend<br />

more on who the <strong>in</strong>take is, what they<br />

<strong>in</strong>tend to study and how.<br />

to buy will only be part of the m<strong>in</strong>dmangl<strong>in</strong>gly<br />

tangled equation,<br />

especially given that the demographic<br />

dip <strong>in</strong> 18-year olds has f<strong>in</strong>ally<br />

bottomed out.<br />

Augar proposes cutt<strong>in</strong>g tuition fees<br />

<strong>in</strong> England to £7,500 narrow<strong>in</strong>g the<br />

marg<strong>in</strong> on certa<strong>in</strong> courses (mostly<br />

arts and humanities) and topp<strong>in</strong>g up<br />

the fees for courses with higher<br />

projected average earn<strong>in</strong>g<br />

outcomes (mostly STEM and<br />

vocational courses). Top-ups on the<br />

basic fee would also relate to<br />

measures of disadvantage.<br />

Overall, an 11% real-terms fund<strong>in</strong>g<br />

cut is <strong>in</strong>tended over the next five<br />

years. Universities will need to do a<br />

complex remodell<strong>in</strong>g of the<br />

numbers on their range of courses<br />

to come up with a mix that’s<br />

susta<strong>in</strong>able. What the buyer wants<br />

Did you know?<br />

YouthSight's <strong>HE</strong> Success Suite<br />

provides universities with <strong>in</strong>stant<br />

access to a wealth of exist<strong>in</strong>g<br />

research that covers the entire<br />

applicant journey.<br />

Rema<strong>in</strong> responsive to the market<br />

with trend data, reports and<br />

workshops that will elevate your<br />

recruitment strategy.<br />

Book a demo<br />

P A G E 0 4

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!