This was a shorter week, as not only was there a bank holiday on Monday, but I also took a day’s leave.
On Tuesday I was down in Southampton for a meeting. Though there are many advantages to Teams and Zoom, sometimes participating in an in-person meeting gives you more insights than the online version. There are affordances with digital, so I always consider them just different, rather than one being better than the other. Also, less train travel with an online meeting.
Spent most of the rest of the week working on the collaboration project we are doing with UUK. There were a few administrative meetings as well in my diary.
Friday I had an early start for an NRENs4Education (what I have been called in these weeknotes E in NREN) meeting about a future meeting in Brussels. As a group we have quite high aspirations, but there are many challenges that we face as we look at student mobility across Europe.
The press this week as been full of depressing detail about the financial state of higher education.
WonkHE did an illuminating article, What the latest HESA data tells us about university finances, in which David Kernohan notes:
I’m a fan of net liquidity days (a measure showing the number of days a university could run for in the absence of any further income). Anything below a month (31 days) makes me sit up and take notice… there’s 10 large-ish universities in that boat including some fairly well-known names.
The BBC News site also had this on on the 43% of universities who face financial challenges.
More than four in 10 universities in England are expecting to be in a financial deficit by this summer, according to new report from the Office for Students (OfS). The OfS, which regulates higher education providers, said universities were closing courses and selling buildings to cut costs, but “significant reform and efficiencies” were needed to turn the tide. It said a drop in international students coming to the UK was the main reason for the worsening financial position. The report found that 117 of 270 higher education institutions (43%) registered with the OfS expected to be in deficit by the end of July – despite course closures, job losses and selling off assets.
This demonstrates once more for the need for the sector to rethink their operating model. This can’t be just about more money, as we do need to consider the impact that (continually) raising fees will have on students, student wellbeing, and future student recruitment.
