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How we use your tuition fees

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As an institution, we want to increase our ability to react to the many changes in our external environment by growing student numbers and diversifying our income streams. Find out more in these Frequently Asked Questions


 

The importance of tuition fees

A photograph of the Professor Stuart Hall Building's interior

Tuition fees in 2013/2014 accounted for 61% of our income. This has grown by 11 percentage points since 2011/2012 due to the changes to the funding system. Staff costs this year will account for 61% of our spend.

Accounts 2013/2014

The Professor Stuart Hall Building from the outside

Accounts 2013/2014

We publish our accounts online and they are available . The financial year runs from 1 August to 31 July. We are currently in financial year 14-15. We anticipate a £1m surplus this financial year, which would have been higher but we have had additional expenditure on staff pensions. Our surplus remains lower than the 5% recommended by the Higher Education Funding Council for England (HEFCE).

Goldsmiths has reinvested this surplus straight into its infrastructure in order to continue improving the facilities provided for its students, staff and visitors on campus. The surplus is in line with Goldsmiths’ plans to continue making improvements to facilities to improve the experience for students.

Investing in research and teaching excellence

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The expertise of our academics, who are at the cutting-edge of research in their field combined with first-class facilities and an interdisciplinary approach to teaching are key to what makes Goldsmiths unique and help create an enriching environment for teaching and research.

In the last two years alone, academics from Goldsmiths have aided the United Nations investigation into the legality of drone technology; contributed evidence towards the ; published research demonstrating how childhood nutrition has longstanding effects on IQ; and have been awarded funding for nearly 50 research projects through funding councils and trusts that include AHRCESRC,EPSRCLeverhulme TrustWellcome Trust and the European Commission amongst others.

Improving facilities

Bikes parked outside RHB

Our commitment to supporting research and teaching is crucial but accounts for only part of our overall investment.

Staff costs including academics, support and administrative staff account for around 60% of university expenditure (see fig. 2 below) but we are also investing heavily in improving our campus facilities in accordance with our draft Master Plan 2009-2019 for Goldsmiths Campus. This includes the Richard Hoggart Building Restoration Project which aims to improve accessibility to our main building, as well improvements to the Rutherford Building and the construction of a brand new recording studio for the Department of Music.

Estates expenditure has reached £45million in just the last five years and a further £10-12 million per annum has been ring fenced for investment over the next few years helping us to create a better learning environment and enhancing the staff and student experience at Goldsmiths.

Committed to our community

A misty view over the Ben Pimlott Building and London skyline

By improving our facilities, we also hope to improve the environment surrounding the campus. Goldsmiths is located in New Cross, Lewisham, a vibrant and improving area of South East London. From its establishment up to the present day, the College has nurtured links with the local community developing a tradition of access, diversity and community engagement in our research, teaching and outreach activity.

This year we offered 10 free places at Goldsmiths to students from Lewisham through our  and research units including Centre for Community Engagement Research typify our commitment to the local area.

Encouraging wider access to Goldsmiths

Students walking down a corridor

Goldsmiths is committed to attracting the most promising talent from a wide range of backgrounds. We have introduced a range of bursaries, waivers and awards that represent one of the most generous packages offered by any UK university. In 2012 we offered over 200 scholarships worth more than £1.4 million, for new students.

We will continue to spend around £1,000 of each £9,000 tuition fee on measures to encourage wider access to Goldsmiths.

This substantial level of investment is consistent with our wish to maintain our success in attracting talented students to Goldsmiths from a variety of social and economic backgrounds, including those living in our immediate community.

As one of the top two percent of institutions worldwide, Goldsmiths aims to invest its income into enhancing teaching and research excellence and providing students with an unparalleled learning experience.

Discover more about studying at Goldsmiths, our academics and our values or why not view .

Find out more about fees: Universities UK interviewed students from across England to explain where student fees go.