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**Hugh** · 01-10-2017, 09:56

I agree with nearly all of your post, except the bit about funding.

Whilst 9k is more than delivery cost of some Arts degrees, it does not go anyway near covering the cost of the STE part of the STEM courses, and does not take into consideration the ongoing costs of maintaining and enhancing University infrastructure (buildings, faculty resources, IT, etc.).

In the past (before fees came in) these costs were mostly covered by one-off tranches from Central Government - all these now needs to be met by student fees (or bonds raised against the future income from Student Fees). Also, Universities pays VAT on most of the goods and services they receive, but can only recover a small percentage of VAT, via partial exemption recovery rules, which puts a 20% loading on most purchases.

01-10-2017, 09:56	#510
Hugh laeva recumbens anguis Cable Forum Team Join Date: Jun 2006 Age: 67 Services: Premiere Collection Posts: 42,099	Re: Government & Post Election Discussion I agree with nearly all of your post, except the bit about funding. Whilst 9k is more than delivery cost of some Arts degrees, it does not go anyway near covering the cost of the STE part of the STEM courses, and does not take into consideration the ongoing costs of maintaining and enhancing University infrastructure (buildings, faculty resources, IT, etc.). In the past (before fees came in) these costs were mostly covered by one-off tranches from Central Government - all these now needs to be met by student fees (or bonds raised against the future income from Student Fees). Also, Universities pays VAT on most of the goods and services they receive, but can only recover a small percentage of VAT, via partial exemption recovery rules, which puts a 20% loading on most purchases. __________________ There is always light. If only we’re brave enough to see it. If only we’re brave enough to be it. If my post is in bold and this colour, it's a Moderator Request.