New adult funding rates for 2024-2025 are set to make a positive impact on Access to HE now that Diplomas are allocated Guided Learning Hours (GLH).
Currently, this qualification type sits outside the way that adult funding is calculated, with Access to HE credit-rated and not having GLH allocated to it.
All that is about to change.
The Education and Skills Funding Agency (ESFA) announcement confirmed that Quality Assurance Agency (QAA) regulated Access to HE Diplomas will be allocated GLH. It has been agreed that one credit will be equivalent to 10 learning hours. So, 60 credit diplomas will equate to 600 GLH.
An hourly rate is allocated to the relevant subject sector area, and to determine the funding rate, simply multiply the hourly rate by 600.
Using the new skills fund formula, Centres can work out how much funding is available for each Diploma, per learner:
Hourly rate x GLH = funding rate per learner
The subject sector for Medicine and Dentistry attracts a £8.40 hourly rate. Multiply that by 600 GLH for Access to HE, and it totals £5,040 funding per learner.
The ESFA is responsible for setting this policy and has calculated the cost of delivery and consequently applied sector hourly rates. While all subject areas will receive increased funding, the extent of the boost varies across different subject areas.
The table below compares current funding rates per learner with what they will be in 2024-2025:
Let’s not forget that 19-23 year old learners without a full level 3 qualification are fully funded (subject to learner eligibility) for Access to HE Diplomas. This boost in funding is welcome for Centres delivery teams, benefiting the learning experience for learners.
Learners who are not eligible for funding and take out a Learner Loan to fund their course will need to take out a bigger loan equivalent to the funding rate. It’s important to remember that learners who successfully complete their university course following an Access to HE course have their loan written off.
So, with these changes in funding policy, it’s more important than ever to continue to recruit with integrity, ensure learners are on the correct course and subject, giving them every chance of success.
Overall, this change in national funding policy is positive across England for Centres delivering Access to HE. Why not expand your Access to HE offer with us now, ready for the new academic year.
What else is happening with Access to HE?
From August 2024, changes to the Diploma Specification and Grading Scheme will come into effect.
Refreshed diplomas and positive news about funding means there is an opportunity to expand your offer and take on more or different pathways in your Centre.
Want to know more?
- Work with our Business Development team on your AEB curriculum planning for 2024-25 – contact us or email your usual contact
- Attend our support webinars to prepare for all changes to Access to HE
- Visit the GOV.UK website – Further education adult skills funding rates and funding for innovative provision