Universities lack cash to survive ‘beyond short time frame’

Ireland“Many universities do not have financial reserves to survive ‘beyond a relatively short time frame’, according to Higher Education Authority records that detail the scale of the crisis facing the sector. There are also growing concerns over the finances of some universities that risk defaulting on loans up to €800 million used to upgrade college campuses …” (more)

[Carl O’Brien, Irish Times, 18 July]

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