University funding changes 'costly'

Changes to the way universities are funded will result in economic costs six times higher than any Government savings, figures suggest.

The Treasury is set to reduce its expenditure by almost £1.17 billion following the changes in 2012-13, which include allowing universities to charge higher tuition fees and no longer offering teaching funding through the Higher Education Funding Council for England (HEFCE), think-tank million+ said.%VIRTUAL-SkimlinksPromo%