Australian universities facing $16bn black hole as Covid-19 student numbers plummet
- Jun 3, 2020
- 1 min read
Universities claim they will lose up to $16bn by 2023 due to the impact of Covid-19, according to new modelling.
Universities Australia has raised the stakes in lobbying for an industry assistance package or relaxed visa conditions to facilitate international students by revealing it now expects members to lose between $3.1bn and $4.8bn this year alone.
The peak body had previously estimated losses of up to $4.6bn, warning of 21,000 job losses in the sector. The warning prompted the government to guarantee its $18bn contribution to universities but it refused to kick in extra funding.
Comments