British universities improve their financial health.
Overall university incomes rose 5.3 per cent last year to £30.7 billion, according to the Higher Education Statistics Agency. Nearly half of the money came from tuition fees, although funding body grants still account for 20 per cent of income.
Government grants have decreased every year since 2009, but other sources of income have grown, including tuition fees, research grants and contracts, and endowment and investment income. Money from tuition fees and education contracts rose by 17 per cent to £13.7 billion in 2013-14. Home and EU students provided half of that income, while non-EU students supplied almost 30 per cent.
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