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Go Back to the List November 02, 2018
At least three UK universities on ‘verge of bankruptcy’

Three English universities are on the verge of bankruptcy, research has found. Other educational institutions are also struggling, surviving only by resorting to short-term loans, it has been claimed, writes David Harding for Yahoo! News.

The three worst affected universities are facing financial disaster because of increased competition for students, falling numbers of 18-year-olds applying to go to university, and a drop in international student numbers because of tougher immigration controls. One institution is already thought to be in insolvency talks. 

“A university going bust is more likely than at any other point in the last generation,” Nick Hillman, director of the Higher Education Policy Institute think-tank, said. “What is of concern is those universities that are resorting to taking bridging loans to tide them over until their student fees come in. They are borrowing just to survive.” Funding changes have deeply affected educational institutions. The trebling of tuition fees and the removal of a cap on the number of students have led to increased competitions for a smaller number of students.
Full report on the Yahoo! site
 

 

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Written by Yahoo! News,
Source link: http://www.universityworldnews.com/article.php?story=20181103082421669
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