Experts are warning that the new head of the Office for Students (OfS) will need to implement rescue plans to prevent multiple universities from collapsing in a “domino effect.” The controversial chair of OfS, James Wharton, recently resigned amid criticisms of his close ties to the Conservative government. The Department for Education announced his resignation and is now considering potential replacements, including Chris Skidmore and David Bell.
With 40% of universities facing deficits, there is a growing concern about the stability of the higher education sector. Job cuts and budget reductions are already underway, and the future looks challenging with declining overseas student numbers and frozen tuition fees. Nick Hillman from the Higher Education Policy Institute warns of a potential domino effect if one university were to collapse.
The OfS plays a crucial role in forecasting and managing risks in the sector, especially in protecting the interests of students. The Department for Education is in the process of appointing an interim chair to address these pressing issues and ensure a sustainable higher education funding system.