Glossary
AME: Annual Managed Expenditure
BIS: The Department for
Business, Innovation and Skills
DEL: Departmental Expenditure
Limit
HEFCE: Higher Education Funding
Council for England
HEPI: Higher Education
Policy Institute
HMRC: Her Majesty's Revenue
and Customs
NAO: National Audit Office
NUS: National Union of
Students
PAYE: Pay As You Earn
taxation
RAB charge: The Resource Accounting
and Budgeting charge
RPI: Retail Price Index
SLC: The Student Loans
Company
The Department: The Department for
Business, Innovation and Skills
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