€100m Investment a Vote of Confidence and a Sign of Straight Priorities

Posted in Governance and administration on October 15th, 2018 by steve

Ireland“Yesterday morning, on what should have been a serene and uneventful news day for Trinity students the College announced a major funding injection from the European Investment Bank (EIB) for several of its long-term building projects. If Trinity manages to see all of its grandiose plans to the end, the campus will have entirely transformed by 2030 …” (more)

[University Times, 15 October]

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Trinity College Dublin secures €100m 30-year loan from European Investment Bank

Posted in Governance and administration on October 15th, 2018 by steve

Ireland“Trinity College Dublin has secured a long-term loan of €100 million from the European Investment Bank to fund four development projects on its campus. These include the soon-to-be-built €60 million E3 Institute, which brings together the subjects of engineering, energy and environment under one roof. The other projects include refurbishment of the arts block, an expansion of the school of law and new student accommodation at Trinity Hall in Dartry, Dublin 6 …” (more)

[Charlie Taylor, Irish Times, 14 October]

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Trinity College secures €100m loan from world’s largest internationally owned public bank

Posted in Governance and administration on October 14th, 2018 by steve

Ireland“Trinity College Dublin has received the backing of a €100 million loan over a period of 30 years from the world’s largest internationally owned public bank. The loan, from the European Investment Bank, will contribute to four major developments at the university including the expansion of the school of law, the refurbishment of the arts block, a new student accommodation hall and an engineering and technologies initiative …” (more)

[Amy Molloy, Independent, 14 October]

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Eurostat leaves vast third-level borrowings off State balance sheet

Posted in Governance and administration, Legal issues on April 16th, 2018 by steve

“The European Union’s statistics agency has confirmed that hundreds of millions of euro in borrowings by Irish universities should remain off the Government’s balance sheet. The decision by Eurostat is a major relief for universities and policymakers who feared the opposite decision would jeopardise expansion plans to cope with rising student numbers …” (more)

[Carl O’Brien, Irish Times, 16 April]

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Third Level Funding: Loans to Universities

Posted in Governance and administration, Legal issues on November 18th, 2017 by steve

IrelandThomas Byrne (Meath East, Fianna Fail): To ask the Minister for Education and Skills his views on reports that EUROSTAT has asked the Central Statistics Office, CSO, to determine whether universities are on or off the Exchequer’s balance sheet; the implications of a finding that the universities are on balance sheet; if his Department has made representations to EUROSTAT, the CSO or another State organisation about same; and if he will make a statement on the matter …” (more)

[Dáil written answers, 16 November]

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University expansion plans at risk from funding difficulties

Posted in Governance and administration, Legal issues on November 13th, 2017 by steve

Ireland“Irish universities are at risk of losing their capacity to borrow hundreds of millions of euro needed to fund their expansion to cope with rising student numbers. Eurostat, the European Union’s statistics agency, has asked the Central Statistics Office (CSO) to determine whether universities are on or off the exchequer’s balance sheet …” (more)

[Carl O’Brien, Irish Times, 13 November]

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Access to low-cost funding crucial to expansion in higher education

Posted in Governance and administration on November 13th, 2017 by steve

Ireland“Just last month NUI Galway was the latest university to benefit from a €60 million loan to help transform its campus. The money from the European Investment Bank (EIB), Europe’s long-term lending institution, will finance the construction of much-needed residences for hundreds of students and a new building for the college of medicine, nursing and health sciences …” (more)

[Carl O’Brien, Irish Times, 13 November]

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EIB confirms €60m backing for NUI Galway campus and completion of €675 million Irish university lending programme

Posted in Governance and administration on October 25th, 2017 by steve

Ireland“The European Investment Bank will provide €60 million towards development of the NUI Galway campus. The first ever loan to the university from Europe’s long-term lending institution, agreed in Galway earlier today, will finance construction of campus developments including new student residences and a new building for the College of Medicine, Nursing and Health Sciences …” (more)

[European Investment Bank, 23 October]

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Funding undergraduate education

Posted in Fees, access and admissions, Governance and administration on September 11th, 2017 by steve

Ireland“Sir, – On September 7th, two events occurred in Dublin, barely a kilometre apart, that demonstrate the policy inconsistency that besets Irish higher education. At the Royal Irish Academy, Maynooth University convened a seminar on the funding of undergraduate education, with a focus on income-contingent loans …” (more)

[Tom Boland, Irish Times, 11 September]

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Technological Universities

Posted in Governance and administration on March 3rd, 2017 by steve

IrelandDavid Cullinane (Waterford, Sinn Fein): To ask the Minister for Education and Skills if newly formed technological universities will have the ability to borrow; and if he will make a statement on the matter ….” (more)

[Dáil written answers, 2 March]

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RCSI signs €50m deal with European Investment Bank

Posted in Governance and administration on December 14th, 2016 by steve

Ireland“The RCSI and the European Investment Bank have signed a loan agreement worth €50 million for a significant investment in the College’s new 10-storey academic education building on York Street in Dublin, which has been welcomed by the Minister for Health …” (more)

[June Shannon, Irish Medical Times, 14 December]

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Third Level Institutions – Loans

Posted in Governance and administration on December 2nd, 2016 by steve

IrelandMary Butler (Waterford, Fianna Fail): To ask the Minister for Education and Skills further to Parliamentary Question No 167 of 5 July 2016, the reason the borrowings of NUIG and Maynooth University are classified as outside general government for EUROSTAT purposes in view of the fact that NUIG and Maynooth University each receive 71% of their income from the State and WIT receives 73% of its income from the State …” (more)

[Dáil written answers, 30 November]

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Institutes of Technology Funding – Borrowing Rights

Posted in Governance and administration on December 1st, 2016 by steve

IrelandCarol Nolan (Offaly, Sinn Fein): To ask the Minister for Education and Skills if his Department is considering extending borrowing rights to institutes of technology, particularly in view of the recent HEA financial review of the institute of technology sector; and if he will make a statement on the matter…” (more)

[Dáil written answers, 29 November]

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UCC secures loan for ‘largest investment in our history’

Posted in Governance and administration on November 24th, 2016 by steve

Ireland“University College Cork will sign a €100 million loan agreement with the European Investment Bank on Thursday which will support a €241 million development plan for the university which currently caters for over 20,000 students …” (more)

[Barry Roche, Irish Times, 24 November]

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Trinity College plan new student accommodation with €70m EIB loan

Posted in Governance and administration on November 24th, 2016 by steve

Ireland“Trinity College Dublin has been granted a €70 million loan from the European Investment Bank (EIB). The money will be invested in to the building of the university’s new business school, more student accommodation and new premises for Trinity’s Institute of Population Health in Tallaght …” (more)

[Fionnuala Jones, newstalk, 24 November]

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UCC planning €241m revamp

Posted in Governance and administration on November 24th, 2016 by steve

Ireland“University College Cork’s unprecedented €241m outlay on capital expenditure is a ringing endorsement of the institution, according to college president Dr Michael Murphy. Dr Murphy will today welcome officials from the European Investment Bank to UCC, and the delegation is expected to officially sign off on a €100m loan to the college tomorrow …” (more)

[Joe Leogue, Irish Examiner, 24 November]

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Institutes of Technology – Borrowing Powers

Posted in Governance and administration on July 7th, 2016 by steve

IrelandThomas Byrne (Meath East, Fianna Fail): To ask the Minister for Education and Skills the reason there is no borrowing framework in place for institutes of technologies, IoTs, as there is for universities, whereby they can borrow from private sources without explicit permission from the Higher Education Authority or his Department, given that there is no statutory distinction between IoTs and universities; and the plans he or the Higher Education Authority, have to put in place such a borrowing framework for IoTs to enable them to borrow independently …” (more)

[Dáil written answers, 5 July]

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Australian student loan scheme a match for Ireland – economist

Posted in Fees, access and admissions on September 30th, 2015 by steve

Ireland“Getting students to pay for their college fees through contributions based on future earnings is more equitable and less open to abuse than other means of funding higher education, Irish policy makers have been told …” (more)

[Joe Humphreys, Irish Times, 30 September]

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Medical students facing debt crisis

Posted in Life on June 11th, 2014 by steve

“Irish medical students are facing a debt crisis which is contributing to the exodus of trained doctors from the State, according to a new study. Graduate students of medicine are taking out loans of up to €100,000 to finance their studies …” (more)

[Paul Cullen, Irish Times, 10 June]

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AIB to launch ‘specialist’ student loans

Posted in Fees, access and admissions on September 10th, 2013 by steve

“AIB is launching a specialist interest-free loan for students studying in a limited range of disciplines. This faculty loan will provide up to €10,000 interest free over a five-year period …” (more)

[Gary Culliton, Irish Medical Times, 10 September]

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