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JORS: Volume 68, Issue 11
JORS: Volume 68, Issue 11, November 2017

REF 2021
Most of the important decisions have already been taken regarding the next Research Excellence ...

Universities "mis-selling" courses
Universities could be accused of "mis-selling" courses to teenagers

Artificial intelligence program has triumphed at chess
Google's AlphaGo Zero artificial intelligence program has triumphed at chess

Degrees in two years
Students in England are going to be offered degrees in two years

More

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Features

A window on the world of O.R.?
The “invisibility cloak” of science fiction is now fact, albeit with limitations. O.R. could claim to have had the power of invisibility for years, though not by desire; what we want is the opposite - a high-visibility jacket! Indeed, part of the mission of the OR Society is to help make our presence more visible. But perception involves both the observed and the observer. And all of us have open and hidden parts.

YOR18 – OR – A Twenty Twenty Vision
The 18th Young [to] OR Conference got off to a great start with the plenary session given by the President of the OR Society, Dr Geoff Royston. Antuela Tako, the chair of the organising committee, began the proceedings by telling the audience what had been planned for them and how to find out more about streams.

The Education & Research Committee
- Roles and Responsibilities: Brian Dangerfield (Liaison with ESRC)
Ruth Kaufman, Inside OR February 2013

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Posted on 28 December 2017

Education

Universities "mis-selling" courses

Universities could be accused of "mis-selling" courses to teenagers who have little understanding of money matters, the public spending watchdog says.


National Audit Office head Amyas Morse said young people were taking out large loans to pay for tuition fees without much effective help or advice.
It compared the higher education market to financial products, highlighting how little regulation universities faced.
The government said its reforms were helping students make informed choices.
But the NAO report highlights that tighter rules apply to the sale of complex financial products than to universities offering courses that may well be more expensive.
Mr Morse said: "If this was a regulated financial market, we would be raising the question of mis-selling."
The report says a student loan is likely to be a person's biggest sum for borrowing after a mortgage and will require a long-term commitment.

The average loan is expected to top £50,000 by the time it is repaid.
But the decision whether or not to go to university and which course and provider to choose is typically made at the age of 16 or 17.
These choices can have a long-lasting impact on future employment and earnings prospects, the report says.
And where services or markets are especially complex, consumers often need additional support and protection to make good choices.
The report says the Financial Conduct Authority requires companies to disclose clearly the risks of such products to potential customers.
But for universities there are limited comparable disclosure requirements, despite the clear strong financial incentives to attract as many students as possible.