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In 2024 the BBC estimated that around 1,8 million people in the UK are now in £50,000 or more in student debt stating upwards of 61,000 have balances of above £100,000, citing figures from the Student Loans Company (SLC) and stated another 50 people each owe upwards of £200,000. [93]
The following is a list of British universities ordered by their financial endowments, expressed in pounds sterling at fair value. British charity funds are made up of restricted reserves, which can only be used for specific purposes, and unrestricted reserves, which could be used for any activity within the charity's scope. [ 1 ]
In February 2018, Prime Minister Theresa May launched a review of post-18 education funding, including university funding and possible alternatives to tuition fees and loans. [25] The review, which was designed to appeal to students, [26] resulted in the expansion of vocational studies in England, and the new T-levels.
These post-1992 (or "new") institutions nearly doubled the number of universities in the UK. In 1993, the University of London underwent a major shake-up, with the larger colleges being granted direct access to government funding and the right to confer University of London degrees themselves.
There are seven Research Councils in the UK (see table below), all of which are now part of UK Research and Innovation.Each council receives funding from the Government's Science Budget (administered through the Department for Business, Innovation and Skills) to fund research in a different area of research with a view to improving the UK economy, society and creating a sustainable world. [1]
From its inception, USS was the main pension scheme for UK academics and senior administrative staff of universities and similar higher-education or research institutions. [5] This predominance was lessened, however, when the Further and Higher Education Act 1992 created numerous ' new universities ', whose employees (old and new) remained in ...
Health Sciences University: 26 July 2024 Opened 1965. Previously AECC University College. Awarded university title and name change approved by the Office for Students 26 July 2024. [159] City St George's, University of London: 1 August 2024 Formed by merger of City, University of London and St George's, University of London. [145]
Since its founding in 1997, the Trust has received the majority of its funding from its founder and executive chairman, British business executive Sir Peter Lampl.In recent years [when?] the trust has diversified its income and now also secures contributions from a range of major corporates, trusts and foundations, university partners, and individual donors.
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