Student retention rates at higher education institutions in this country compare very well internationally. The UK ranks fifth in the OECD for first degree completion rates, out of 23 countries who report data in this area. A university education is now open to more students than ever before and the Government are totally committed to providing opportunities for all people to achieve their potential and to maximise their talent. The improved student finance support package, from academic year 2008-09 onwards, demonstrates that commitment.
It is too early to determine whether the introduction of variable tuition fees has had any impact on drop-out rates in higher education. The most recent information on the standard measure for non-completion dates from 2005-06, prior to the introduction of variable tuition fees in 2006-07. However, we will explore this issue further when more relevant data are available and feed this into the evidence base for the independent review of variable fees.
Percentage 2000-01 15.0 2001-02 13.8 2002-03 13.9 2003-04 14.4 2004-05 13.8 2005-06 13.9 Source: Performance Indicators in Higher Education, published by HESA.
The latest available information for higher education institutions in England is shown in Table 1.