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Cash-starved UK universities count on Indian, Chinese students
The commercial enterprise fashions of Britain’s prestigious universities are suffering to hold economic balance recently. While the country’s pinnacle instructional establishments which includes Oxford University have retained the worldwide crown on Times Higher Education World University Rankings 2023 list, the status of some huge universities has masked a crumbling version of Britain’s better education.
Several universities withinside the UK are hit through investment and strike through staff. According to a document through Bloomberg information employer, 70,000 human beings at a hundred and fifty universities protested towards falling pay, pension cuts, and bad running situations closing month. Simultaneously, the British authorities has mooted capping the quantity of overseas college students.
Almost 30% of 274 universities and schools had been already in deficit at quit of the 2021 educational yr, in keeping with information from the Higher Education Statistics Agency. Even the Russell Group, 24 pinnacle establishments which include Oxford and Cambridge, advised a parliamentary committee in advance this yr that the authorities had to step in to shore up investment.
Rating employer Moody’s additionally downgraded the score of outstanding UK schools Oxford, Cambridge, University College London, and others on 25 October. According to experts, a mixture of Brexit and the pandemic have exacerbated the frailties of the rank-and-report locations that make up the spine of the gadget, Bloomberg employer wrote.
Some teachers opined that many are efficaciously jogging as unviable ‘companies’ which might be over-reliant on college students from China and India paying better fees. Professor Karin Lesnik-Oberstein advised Bloomberg that the investment gadget in Britain is “hopelessly compromised,” dependent “in large part at the cash of remote places college students, in large part Chinese college students”.
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