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Universities on brink of bankruptcy.

Universities on brink of bankruptcy.

At least three universities are teetering on the brink of bankruptcy, with growing numbers of institutions resorting to short-term financial loans “just to survive”, i can reveal. Increased competition for students, falling numbers of 18-year-olds and tighter immigration controls on international students have contributed to pushing universities closer to collapse than ever before, experts have warned. And in a sign of the tougher economic climate in the sector, several institutions are being forced to rely on “bridging loans” to stay afloat. Going bust Read more St Mary’s University scraps unconditional offers to ‘maintain standards’ “A university going bust is more likely than at any other point in the last generation,” Nick Hillman, director of the Higher Education Policy Institute think tank and a former adviser to universities minister Lord Willetts, said.

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