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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Survey suggests parents fearful of having to borrow for higher education

Posted in Fees, access and admissions on August 21st, 2013 by steve

“The number of parents who fear they will have to borrow for their children’s higher education has risen, according to a survey. This year 51% of parents said they may have to borrow to fund further education, but last year 39% thought they might have to get a loan …” (more)

[Dick Ahlstsrom, Irish Times, 21 August]

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Parents fear debt from cost of college

Posted in Fees, access and admissions on August 21st, 2013 by steve

“More than half of parents fear they will be forced into debt to pay for their child’s third-level education, a new survey reveals …” (more)

[Allison Bray, Independent, 21 August]

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USI Launches Information Campaign Against Bank Of Ireland Postgraduate Loan Schemes

Posted in Fees, access and admissions on August 29th, 2012 by steve

“Today the Union of Students’ in Ireland (USI) will launch an information campaign highlighting their concerns over the new Bank Of Ireland (BOI) loan schemes being offered to postgraduate students this coming September …” (more)

[Keith Broni, The Student Standard, 28 August]

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Mixed reactions to new student schemes

Posted in Fees, access and admissions on August 9th, 2012 by steve

“Bank of Ireland announced two schemes this week to help combat financial problems in undergraduate and postgraduate studies. However, the bank’s postgraduate loan scheme has come in for criticism …” (more)

[Peter Horgan and Sinead Moore, Cork Independent, 9 August]

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