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Given the idea of NICATS, is there a need for a credit-based formula for funding?

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Given the idea of NICATS, is there a need for a credit-based formula for funding?

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In preparation for NICATS, DEL is considering credit based funding and NICATS has been commissioned to undertake research in this area through the NICATS Credit-based Funding Project. In Wales the Government has decided to introduce a credit based system to fund both further and higher education.

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