Universities: Debts

Department for Education written question – answered on 10th January 2019.

Alert me about debates like this

Photo of Gordon Marsden Gordon Marsden Shadow Minister (Education)

To ask the Secretary of State for Education, with reference to the article entitled University debt: credit crunch looms as debt spirals, published by the Times on 3 January 2018, what estimate he has made of the levels of debt of UK Universities; and if he will make a statement.

Photo of Chris Skidmore Chris Skidmore Vice-Chair, Conservative Party, Minister of State (Department for Business, Energy and Industrial Strategy) (Universities and Science) (Joint with the Department for Education)

Data from the Higher Education Statistics Agency for the most recent financial year available (2016/17) shows that UK universities’ external borrowing totalled £11.8 billion, equivalent to roughly 33% of sector income.[1]

In the new higher education (HE) regulatory framework, the Office for Students has responsibilities to monitor and assess the financial viability and sustainability of registered HE providers in England.

[1] External borrowing as defined by Higher Education Statistics Agency: https://www.hesa.ac.uk/collection/c16031/key_financial_indicators.

Does this answer the above question?

Yes0 people think so

No0 people think not

Would you like to ask a question like this yourself? Use our Freedom of Information site.