#Universities are warning that they are heading towards a (renewed) financial crisis, as support from the EU evaporates, costs spiral & questions about how to fund #HigherEducation remained mired in the #culturewars...
What we see in international comparisons is that the UK has (so far) managed to maintain a world class university system on the cheap... but as economists say 'If something cannot go on for ever, it won't! - tie to fund HE properly, not by extracting more money from #students!
Hmmm.... of all the #universities in the UK Oxford & Cambridge are almost the least likely to be adversely effected by the current funding regime, whatever they may publicly claim.... its the great world class universities outside Oxbridge that are in trouble alongside the really good 'second tier' universities doing amazing work on 'widening participation' and enhancing the prospects for those not living in rich households
That's a really good question & the answer depends entirely on how you think charity law should structure the maintenance of 'reserves' (usually 2 x annual revenues), how much, if anything students should be asked to pay for their education, and how yo see the social worth of these institutions - all three offer a range of differences, which then feed into the answer to your Q.
my longer discussion can be found here:
https://northwestbylines.co.uk/news/education/who-should-pay-for-students-to-go-to-university/
Emeritus Prof Christopher May
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