Institutions which fail to get a grip on issues such as grade inflation and unconditional offers could now be subjected to financial penalties of up to £500,000 or two per cent of their income from fees and grants. The Office for Students (OfS), which was launched in 2018, gained its full legal powers on Thursday. The Telegraph reports.
All universities must submit documents to the watchdog explaining what they will do to boost admissions from disadvantaged pupils, known as “access and participation plans”.
Sir Michael Barber, chair of the OfS, said: “In addition to the powers we already have today we are now able to impose substantial financial penalties where universities are evidently not acting in the best interests of students and taxpayers short, medium and long-term.”
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