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One of the OfS’ core priorities will be to ensure that all students receive ‘value for money’ from their ‘higher education provider’. Value for money is enshrined in the regulatory framework for higher education that the Office for Students will operate. Value for money is also a key student concern. In a survey of Students’ Union election candidate manifesto pledges last year, ‘value for money’ was the second most mentioned issue.
Despite this, the definition of ‘value’ and ‘value for money’ in higher education is contested. Some believe that it is about the quality of the student experience itself, while others focus on outcomes like the ‘graduate premium’. While the focus tends to be on the home undergraduate fee, the OfS also has a responsibility to ensure value for money for postgraduates, for international students, and in relation to other fees and charges levied by a provider.
