University funding per student 'on the rise', says Hefce

By John Morgan. England's funding council has unveiled the sector's total funding for 2013-14, stating that funding per student is on the rise under the new system of higher fees. The Higher Education Funding Council for England published on 7 February its response to the grant letter it received last month from the Department for Business Innovation and Skills. The response outlines a total funding distribution of £4.47 billion, including £2.3 billion in teaching funding and £1.6 billion for research. Teaching funding allocated to universities by Hefce is falling under the new system, as fees replace teaching grant. Read more...