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Articles on University finances
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Reports of big university budget surpluses appear to undermine calls for their federal funding to increase. But a closer look at how the surpluses were achieved reveals why change is needed.
We live in a digital and distributed world. Universities must adapt to that reality to do a better job of meeting today’s educational needs.
While the official figures are lower than earlier estimates of job losses, they also show certain types of employees – casual, non-academic and younger staff – bore the brunt of the staff cuts.
While 18 universities suffered medium to high financial impacts, the incomes of eight increased or were stable. Overall revenue fell 5% – less than feared – but 35,000 staff lost their jobs.
The pandemic is forcing many academics to consider their future. These are tough times for universities and many have lost jobs, but those fortunate enough to have a choice should weigh up all options.
The subsidies for student places up to 2024 fall about $1.1 billion short of the level needed to create the extra places the government promised its Job-ready Graduates policy would deliver.
A capital funding squeeze led universities to seek new ways of developing their campuses. It now appears city CBDs and developers might do better out of those deals than universities.
Revenue fell by more than $2 billion in 2020 – less than feared – but universities are increasingly vulnerable to worsening conditions, with losses of international students accelerating.
If one in five international students don’t re-enrol, the loss of revenue would plunge half of all Australian universities into budget deficit or financial turmoil.
Free public higher education is possible and necessary. It’s also realistic, if it’s based on thorough research, consultation and students giving back through community service after graduation.
With the release of some universities’ annual reports over the last few weeks we’re able to see how the universities are really faring. Is the financial situation really as dire as vice-chancellors say, as rosy as their detractors say, or somewhere in between?
Nearly three-quarters of graduates will not clear their student loans before the end of the repayment period. This means the large majority of those who go to university aged 18 or 19 will still be paying…
There were mixed feelings at the Institute of Education last week, after it was announced that it was planning to merge with University College London (UCL). In some ways, it was a particularly poignant…
Top contributors
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Professor in the Practice of Higher Education Policy, Australian National University
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Associate Professor in Political Economy, University of Sydney
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Professor of Community Health and Wellbeing, The University of Queensland
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Professor Emeritus and Former Deputy Vice Chancellor, The University of Melbourne
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Adjunct professor of architecture, University of Adelaide
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Professor, College of Business, Zayed University
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Chief Data Officer, University of the Sunshine Coast
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Research Professor in Education, Bath Spa University
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Assistant Professor, Economics Department, University of Warwick
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Research economist, Institute for Fiscal Studies
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Chief Director: Tshwane University of Technology – Institute for Economic Research on Innovation; Node Head: DST/NRF SciSTIP CoE; and Professor Extraordinary: Stellenbosch University – Centre for Research on Evaluation, Science and Technology., Tshwane University of Technology
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Honorary Principal Fellow, Melbourne Centre for the Study of Higher Education, The University of Melbourne
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Senior Researcher in Labour Studies and Education, University of Johannesburg
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Director of the Centre for Education Rights and Transformation and Associate Professor of Education, University of Johannesburg
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Researcher, Social Sciences, University of Fort Hare
