A high-profile university could still collapse despite a rise in tuition fees “stabilising” the finances of higher education in England, the chair of the sector’s regulator has warned.
Edward Peck, chair of the Office for Students, told the Financial Times most universities were “on a journey to balancing income with expenditure” but that some institutions could yet fail, and called on vice-chancellors to strengthen governance to avoid insolvencies.
Peck’s comments come after the UK government last week laid out a long-awaited strategy for higher education, vowing to overhaul research funding, strengthen regulatory oversight and legislate for inflation-linked increases in tuition fees in a bid to improve the sector’s finances.
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