Concerns have been raised over a cash splash at universities as the coronavirus crisis worsens pre-existing debts. A reported $2.6 billion has been spent over the past five years to cater for international students and upgrade infrastructure. Melbourne’s Monash University has the highest level of debt, with borrowings rising to more than $800 million last year. The debt is expected to increase the longer international students are prevented from returning to study.
from National | Daily Telegraph https://ift.tt/2MxgnTi
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Thursday, June 4, 2020
University debt soars following COVID-19 pandemic
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