Under-strain universities told to clear all debts within year

Ireland“The Higher Education Authority (HEA) has told Ireland’s top universities that current debts are ‘unacceptable’ and has put pressure on them to wipe out all arrears within a year. Colleges in the red include UCC and UCD with debts in excess of €15m, while Trinity College Dublin is also under strain from growing deficits. A spokesman for the HEA said, ‘under the Universities Act, the universities are not meant to run into debt. It simply is not acceptable. They are obliged to give it more priority than they are at the moment.’ However, General Secretary of the Irish Federation of University Teachers (IFUT) Mike Jennings has hit out at the HEA saying ‘it is completely unrealistic to expect this’ …” (more)

[Jennifer Bray, Sunday Tribune, 31 May]

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