Without Funding, Universities may Face Bankruptcy
Universities across the UK are calling for emergency funding of at least £2bn, warning some institutions will go bust without it. “The coronavirus pandemic is threatening to sharply cut overseas student numbers and put universities in financial danger”, they said. Now they are asking for control on student numbers in each university to keep fee income at the similar level to last year and are promising to honor any offers already made to students.
"Without government support, some universities would face financial failure, and others would come close to financial failure and be forced to reduce provision," said in a letter from higher education leaders to ministers across the UK. Alistair Jarvis, a chief executive of Universities of UK, said the proposals would help universities to "weather the very serious financial challenges posed by Covid-19".
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