Universities on the brink of collapse amid funding crisis with some forced to make cuts to avoid...

Universities are facing a funding crisis and some must make cuts to avoid being shut down, the higher education watchdog has warned.

The report said an increasing number would need to make 'significant changes to their funding model in the near future to avoid facing a material risk of closure'. Cuts could include phasing out some degree courses and mergers with other institutions. It warned that the majority of universities in England faced deteriorating finances in the next few years, with 40 per cent expecting to be in deficit during this academic year. Pictured: Stock image of Oxford University

The report said many universities had unrealistic forecasts for a growth in student numbers which had not been borne out by recent applications. It added that the higher education system was reliant on its income from international students to balance its budget, adding: 'This is an increasingly precarious model.'Private school fees have increased by 8 per cent, with families now paying more than £6,000 a term on average.

The ISC said the 8 per cent rise in fees for private day schools was similar to inflation figures at the time schools set fees for the coming year.Advertisement Global politics and economics meant the UK could not control the future numbers of international students, the report said. Chief executive Dr Tim Bradshaw said: 'Growing funding shortfalls for domestic teaching and research means cross-subsidy from other sources – primarily international student fees – has become increasingly important to the sector's financial health.'

News England Inflation

United Kingdom Latest News, United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Universities which fail to act on students glorifying Hamas, or voicing anti-Jewish racism, must face...Pro-Palestinian protesters gather at top British universities
Source: TheSun - 🏆 64. / 61 Read more »

Tents at universities symbolise a fault line between pro-Palestine and Jewish studentsWhile pro-Palestinian students at the University of Leeds want to make their encampment as inclusive as possible, Jewish students are finding it hard for their voices to be heard.
Source: SkyNews - 🏆 35. / 67 Read more »

Universities must take ‘robust action’ to protect students amid Gaza protests, No 10 saysThe Prime Minister has summoned vice-chancellors to a meeting this week to discuss antisemitism on campuses
Source: i newspaper - 🏆 8. / 89 Read more »

Universities must take ‘action’ to ensure students are not harassed in protestsThe Prime Minister has summoned vice-chancellors to a meeting to discuss antisemitism on campuses and the safety of Jewish students.
Source: Observer_Owl - 🏆 18. / 72 Read more »

Universities must take ‘action’ to ensure students are not harassed in protestsThe Prime Minister has summoned vice-chancellors to a meeting to discuss antisemitism on campuses and the safety of Jewish students.
Source: Glasgow_Times - 🏆 76. / 59 Read more »

Oxford and Cambridge students set up Pro-Palestinian camps at universitiesThe encampments were created in the early hours of Monday in front of the Pitts Rivers Museum in Oxford and outside King's College in Cambridge
Source: i newspaper - 🏆 8. / 89 Read more »