Description:The last Government established a group to examine the future funding policy for higher education under the chairmanship of Peter Cassells, former secretary general of the Irish Congress of Trade Unions. It is charged with considering demand, benefits, income/expenditure, efficiency, financial performance and long term funding of the sector.
Implication(s):The higher education system supports economic growth through the development of new knowledge and the provision of skilled graduates. This cannot be achieved by relying on state funding alone. Between 2008 and 2014, total funding per student decreased by 22% and increasing student numbers are putting considerable strain on the system.
Current Position:Ibec has made a strong case for an income contingent student loan system. The Group was expected to report to the Minister for Education at the end of 2015. However, its report will now be presented to the new Government after the general election.
Phone: +353 1 605 1522