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UK Universities In Financial Turmoil After Foreign Students Decrease - Politics - Nairaland

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UK Universities In Financial Turmoil After Foreign Students Decrease by Ruhamah2: 1:01pm On Mar 16
Universities consider firing staff and cutting courses as foreign student enrollments plummet.
Report finds at least 15 universities in the UK have announced job cuts.
Hundreds of university staff are facing the risk of being fired as educational institutions scramble to cut costs due to a substantial drop in the admission of foreign students.
University chiefs have warned of cuts, ranging from shutting down courses to shedding teaching staff, due to the institutions being pushed into deficit, The Times reported.
This academic year, at least 15 universities in the UK have announced job cuts and additional cost-saving measures to save finances.
Earlier in March, more than 120 staff at Sheffield Hallam University were served with "risk of redundancy" letters, which gave them until 18 March to apply for voluntary redundancy or one of a "limited number of roles". The University of Kent in February proposed to cut 58 jobs along with nine courses in an attempt to respond to "financial challenges".
Due to a freeze in tuition fees, most universities have covered their costs by enrolling overseas students, who pay far more than domestic students.
According to the Higher Education Statistics Agency, overseas students comprised 24 per cent of all students in higher education during the 2021-2022 academic year. However, early acceptance data indicates a 37 per cent decrease in overseas recruits for the upcoming financial year.
Northumbria University said the cuts were necessitated due to "a sudden reduction of the number of students" arriving in the UK from Nigeria, where the currency has collapsed against the pound.
Acceptance data suggests there would be a 71 per cent reduction in the number of students arriving from Nigeria, The Times reported.
John Rushforth, executive secretary of the Committee of University Chairs, said: “I’ve been in higher education for 30 years and senior leaders are more worried than I’ve ever seen them.”
He told the newspaper that “bankruptcy is a realistic possibility” for some universities, which are being pushed to do “really difficult things” to stave that off.
“Taking fewer British students is a last resort but if you’re making a loss on something people have to consider it. Everything has got to be looked at because the situation is so serious,” he said.

“Universities have to think hard about what they want to protect and make choices about divesting themselves of things that are not core to the institution. There will be less choice for students. ...Fundamentally, either you have to increase income, or you reduce quality or volume.”
Last year, thousands of University and College Union (UCU) staff participated in a walkout to protest the “punitive” pay deductions imposed for engaging in a summer marking boycott
“I’ve not received full pay for five months for taking part in an entirely lawful boycott,” Tanzil Chowdhury, a senior lecturer in law at Queen Mary told the Independent.

Courtesy:The Independent
Fergie001, Mynd44

1 Like

Re: UK Universities In Financial Turmoil After Foreign Students Decrease by StOla: 1:06pm On Mar 16
Lol

Without good funding, any country's tertiary education system will be in financial turmoil.

"poor and suffering" Nigerians whose parents work for the best companies in Nigeria, have been going abroad to study with funds earned in Nigeria and removed from the Nigerian economy, and depriving the Nigerian tertiary education system.

"poor and suffering" Nigerians who enjoyed a subsidised undergraduate education in Nigeria, secure good jobs in Nigeria and use it to raise funds to go for post graduate courses abroad,
without any benefit to the Nigerian economy or
our own education system.

Let us keep subsiding the education for UK and Canada with our Nigerian funds and economy, while our own keep rotting away with students and parents protesting and insisting that session school fees should remain N20k in the federal Universities - even cheaper than the federal Polytechnics.

3 Likes 1 Share

Re: UK Universities In Financial Turmoil After Foreign Students Decrease by CodeTemplar: 1:15pm On Mar 16
They caused it by allowing dependants flood their system. Sacking workers should be the last thing thinkable for a system that's always fully booked.
Dependants will swell their unemployment stats now in addition to this.

2 Likes

Re: UK Universities In Financial Turmoil After Foreign Students Decrease by StOla: 1:16pm On Mar 16
This academic year, at least 15 universities in the UK have announced job cuts and additional cost-saving measures to save finances.
Earlier in March, more than 120 staff at Sheffield Hallam University were served with "risk of redundancy" letters, which gave them until 18 March to apply for voluntary redundancy or one of a "limited number of roles". The University of Kent in February proposed to cut 58 jobs along with nine courses in an attempt to respond to "financial challenges".
Due to a freeze in tuition fees, most universities have covered their costs by enrolling overseas students, who pay far more than domestic students.

Any country with sound economic security unlike Nigeria, would have design policies that would prevent a situation where it's allegedly suffering citizens who have earned money locally are spending more on education abroad than the budget of its own tertiary education system.

2 Likes

Re: UK Universities In Financial Turmoil After Foreign Students Decrease by StOla: 1:21pm On Mar 16
UK should brace up to start paying for their own education without subsidy from Asia and Africa.

1 Like

Re: UK Universities In Financial Turmoil After Foreign Students Decrease by zuchyblink(m): 1:22pm On Mar 16
Most Nigerians traveling abroad are not going there to study,they are traveling to enjoy steady power supply,good roads, security,jobs and to acquire a strong passport. Provide these things in Nigeria, Most Nigerians will stay back.
Study visa is just a legal route to travel.

9 Likes

Re: UK Universities In Financial Turmoil After Foreign Students Decrease by StOla: 1:24pm On Mar 16
This is the session school fee charges for UK (EU) citizens. Even students from EU countries paid similar fees until the brexit.

This has changed over the years while foreign non-EU students like Africans and Asians have paid much more for each of those fee regimes.

I remember reading in the Economist magazine in 2006 when the undergraduate fees were to increase from £1200 to £3000 for UK citizens, that was the time that foreigners then had to pay about £8000 to £12,000 for undergraduate session fees depending on the university, compared to the £3000 for local students.

By the time the fees for local students moved to £9000, foreign students were paying upwards of £13,000 to £18,000 for undergraduate fees.

What is very evident is that, without foreign students paying such fees, the universities would have to charge the local students more.

I hope the UK authorities would continue with their anti-immigration policies for the benefit of developing countries like Nigeria that keep losing university funds to the UK.

Re: UK Universities In Financial Turmoil After Foreign Students Decrease by zuchyblink(m): 1:26pm On Mar 16
StOla:
Lol

Without good funding, any country's tertiary education system will be in financial turmoil.

"poor and suffering" Nigerians whose parents work for the best companies in Nigeria, have been going abroad to study with funds earned in Nigeria and removed from the Nigerian economy, and depriving the Nigerian tertiary education system.
Pay Nigerians like UK and increase tuition fees like UK. In a country where minimum wage per month is less than 15 pounds sterling

"poor and suffering" Nigerians who enjoyed a subsidised undergraduate education in Nigeria, secure good jobs in Nigeria and use it to raise funds to go for post graduate courses abroad,
without any benefit to the Nigerian economy or
our own education system.

Let us keep subsiding the education for UK and Canada with our Nigerian funds and economy, while our own keep rotting away with students and parents protesting and insisting that session school fees should remain N20k in the federal Universities - even cheaper than the federal Polytechnics.
Re: UK Universities In Financial Turmoil After Foreign Students Decrease by Racoon(m): 1:28pm On Mar 16
Wahala everywhere. The UK is about to get casted now.

1 Like

Re: UK Universities In Financial Turmoil After Foreign Students Decrease by ehikwe22: 1:33pm On Mar 16
StOla:
Lol

Without good funding, any country's tertiary education system will be in financial turmoil.

"poor and suffering" Nigerians whose parents work for the best companies in Nigeria, have been going abroad to study with funds earned in Nigeria and removed from the Nigerian economy, and depriving the Nigerian tertiary education system.

"poor and suffering" Nigerians who enjoyed a subsidised undergraduate education in Nigeria, secure good jobs in Nigeria and use it to raise funds to go for post graduate courses abroad,
without any benefit to the Nigerian economy or
our own education system.

Let us keep subsiding the education for UK and Canada with our Nigerian funds and economy, while our own keep rotting away with students and parents protesting and insisting that session school fees should remain N20k in the federal Universities - even cheaper than the federal Polytechnics.

Education is not subsidized in Nigeria - it's sub standard. I doubt that you've ever stepped your foot out of Nigeria

4 Likes 1 Share

Re: UK Universities In Financial Turmoil After Foreign Students Decrease by StOla: 1:40pm On Mar 16
ehikwe22:


Education is not subsidized in Nigeria - it's sub standard. I doubt that you've ever stepped your foot out of Nigeria

It is substandard yet you used it to get jobs abroad at same pay with the citizens who schooled there, while your citizen colleagues at work are still paying the student loans that funded the degree they obtained to share the same intellectual space with you?

Dude, I have travelled the world and also benefited from foreign education.

But we must put an end to the denial of funds to our own education system by "poor and suffering" Nigerians that seem to be able to afford greatly higher school fees abroad.

1 Like

Re: UK Universities In Financial Turmoil After Foreign Students Decrease by StOla: 1:50pm On Mar 16
zuchyblink:
Pay Nigerians like UK and increase tuition fees like UK. In a country where minimum wage per month is less than 15 pounds sterling

No one is saying Nigerians should pay as high a school fees as it exist in the UK.

But did you take note that many professionals in the UK, cannot even earn half of £9200 pounds as monthly salary in that UK?

Do you know what it means to be on a monthly salary of £4500 in the UK? You are paid well. So, don't think a local student tuition fee of £9200 is some chicken change you just remove from your monthly salary. Your parents would have to save up and plan towards it many years ahead. Like in the US, it is even from birth that parents start saving up their children's university fees.

To equate it to Nigeria, that Nigerian who can earn N800k to N1.2m monthly salary, should have been able to pay annual university school fees of about N1. 6m to N2m when he or she was a student.

That is what is the Nigerian equivalent to the UK fees. Not an exchange rate matter, but the worth of the fees to a good salary after graduation within the same national economy.

The problem with Nigeria is that a family where mother is earning N800k and father is earning N1.5m monthly salary, still think that the university fees for their kids should be removable from any particular month salary, instead of something you save up and plan towards.

We want to spend the same money used for family outing to Mega Chicken, to pay university tuition fees.

Now many in Nigeria are against the hike in tuition fees that is still not up to money the family is spending on monthly shopping.

Let us continue deceiving ourselves.

4 Likes

Re: UK Universities In Financial Turmoil After Foreign Students Decrease by ehikwe22: 1:52pm On Mar 16
StOla:


It is substandard yet you used it to get jobs abroad at same pay with the citizens who schooled there, while your citizen colleagues at work are still paying the student loans that funded the degree they obtained to share the same intellectual space with you?

Dude, I have travelled the world and also benefited from foreign education.

But we must put an end to the denial of funds to our own education system by "poor and suffering" Nigerians that seem to be able to afford greatly higher school fees abroad.

If it's not nursing, medicine and tech, no nigerian uses his certificate to get jobs in Europe and America - you have to do your masters there to be considered. A lot of degree holders, masters and Phd holders here are working as janitors, cleaners, factory workers standing 8 hours straight and it hurts seeing that

2 Likes

Re: UK Universities In Financial Turmoil After Foreign Students Decrease by ehikwe22: 1:53pm On Mar 16
StOla:


No one is saying Nigerians should pay as high a school fees as it exist in the UK.

But did you take note that many professionals in the UK, cannot even earn half of £9200 pounds as monthly salary in that UK?

To equate it to Nigeria, that Nigerian who can earn N800k to N1. 2m monthly salary, should have been able to pay annual university school fees of about N1. 6m to N2m.

That is what is the Nigerian equivalent to the UK fees. Not an exchange rate matter, but the worth of the fees to a good salary after graduation within the same national economy.

The problem with Nigeria is that a family where mother is earning N800k and father is earning N1. 5m monthly salary, still think that the university fees for their kids should be removable from any particular month salary, instead of something you save up and plan towards.

We want to spend the same money used for family outing to Mega Chicken, to pay university tuition fees.


You are drunk. It's very obvious from your comment

1 Like

Re: UK Universities In Financial Turmoil After Foreign Students Decrease by Paraman: 1:53pm On Mar 16
Well, anybody who have the money to japa, I won't stop the person
Re: UK Universities In Financial Turmoil After Foreign Students Decrease by Beautifulday: 1:54pm On Mar 16
StOla:


It is substandard yet you used it to get jobs abroad at same pay with the citizens who schooled there, while your citizen colleagues at work are still paying the student loans that funded the degree they obtained to share the same intellectual space with you?

Dude, I have travelled the world and also benefited from foreign education.

But we must put an end to the denial of funds to our own education system by "poor and suffering" Nigerians that seem to be able to afford greatly higher school fees abroad.

Really! Wow. So our degrees are this good?
Re: UK Universities In Financial Turmoil After Foreign Students Decrease by routed: 2:23pm On Mar 16
Beautifulday:


Really! Wow. So our degrees are this good?

Yes, it's that good for a serious Nigerian graduates. My experience in US university system.

While we earn, send money home and enjoy rest in US, our colleagues pay huge debt back to settle their school loan.

3 Likes 2 Shares

Re: UK Universities In Financial Turmoil After Foreign Students Decrease by SoNature(m): 2:54pm On Mar 16
StOla:
This is the session school fee charges for UK (EU) citizens. Even students from EU countries paid similar fees until the brexit.

This has changed over the years while foreign non-EU students like Africans and Asians have paid much more for each of those fee regimes.

I remember reading in the Economist magazine in 2006 when the undergraduate fees were to increase from £1200 to £3000 for UK citizens, that was the time that foreigners then had to pay about £8000 to £12,000 for undergraduate session fees depending on the university, compared to the £3000 for local students.

By the time the fees for local students moved to £9000, foreign students were paying upwards of £13,000 to £18,000 for undergraduate fees.

What is very evident is that, without foreign students paying such fees, the universities would have to charge the local students more.

I hope the UK authorities would continue with their anti-immigration policies for the benefit of developing countries like Nigeria that keep losing university funds to the UK.

While the decision to stop international students from bringing their dependents into the UK has its harsh effect on UK universities' finances, I think it will have more positives on the UK economy in the long run.

Let's be clear here. Having a bunch of people overwhelm your infrastructure is a big challenge to any serious country anywhere in the world. It's only in Nigeria that we allow a chaotic city like Lagos exist. The UK is having serious immigration issues and cutting down on dependants is one of the ways of arresting the anomaly.

While the number of Nigerian applicants to UK universities has significantly reduced (by 44% or so), applicants from other countries (like India that commands the highest number of applicants) reduced only by a small fraction.

Also, UK universities are now lowering their requirements to encourage more international students to apply. For instance, they are waiving IELTS and increasingly accepting 2.2 graduates for MSc and MBA courses.

In the long run, yes, the decision will affect UK universities' finances, but I think we are blowing things out of proportion in Nigeria because our people are the worst hit! So, we should stop crying more than the bereaved in this country.

Let's get Nigeria to work for all! The decision to slash the number of dependents coming into the UK is for the best interest of that country.
Re: UK Universities In Financial Turmoil After Foreign Students Decrease by Skengman: 3:25pm On Mar 16
ehikwe22:


You are drunk. It's very obvious from your comment

You say @StOla is drunk ? He dropped wisdom right there. I tell you what, you're the problem of Nigeria, not Tinubu.

1 Like

Re: UK Universities In Financial Turmoil After Foreign Students Decrease by NPFLADMIN(m): 3:50pm On Mar 16
It was expected.

StOla:
No one...

You have a point but you can't blame the students.

If there were jobs and security in Nigeria even in the midst of bad economy, a lot of them will stay back.

Forget light, good roads and others, we're already used to the lack of it.
If there were only these two, a lot of people will stay back.

BTW, a simple solution is to stop every student who graduated from state and federal universities from traveling for an amount of time.
Re: UK Universities In Financial Turmoil After Foreign Students Decrease by ehikwe22: 3:58pm On Mar 16
Skengman:


You say @StOla is drunk ? He dropped wisdom right there. I tell you what, you're the problem of Nigeria, not Tinubu.

He's making sense? Average income in Nigerian households is 800k - 1.2m?
Re: UK Universities In Financial Turmoil After Foreign Students Decrease by huptin(m): 4:12pm On Mar 16
zuchyblink:
Most Nigerians traveling abroad are not going there to study,they are traveling to enjoy steady power supply,good roads, security,jobs and to acquire a strong passport. Provide these things in Nigeria, Most Nigerians will stay back.
Study visa is just a legal route to travel.

I beg to disagree most people that travel to UK are middle class, and Nigerians middle class living in a good city like Lagos for instance enjoys all those things ..here in Nigeria.

Yes including 24 hours electricity, with less than N2mn you can easily acquire a solar system that gives you that.

1 Like

Re: UK Universities In Financial Turmoil After Foreign Students Decrease by StOla: 4:12pm On Mar 16
ehikwe22:


He's making sense? Average income in Nigerian households is 800k - 1.2m?

I never told you about average income.

I told you about a good pay in Nigeria versus a good pay in the UK.

Anyone earning £4500 (above £50,000 pa), is earning a good pay in the UK, just as many young Nigerians earning above N800k (above N10m pa) are also earning well.

Don't even begin with the foolish lie that only a few earn well in Nigeria. Everybody cannot earn well but those who cross that benchmark I defined are many.

So if the UK, can be bold enough to charge a university session fee that is about 2months salary of those who earn well, while we are charging a session tuition fee that is less than the monthly pocket money that most students with working parents get, then is it not obvious that our education is heavily subsidised?

In the mid 2000s to circa 2013, when tuition fees in Unilag was less than N20k, only those that can be classified as indigent students did not get monthly pocket money from their parents that was not more than a whole year tuition fees.

I repeat, let us continue to charge money for family outing to Mega Chicken as session tuition fees, while our tertiary education system is in comatose.

When we are ready to get serious, we will admit that nothing good comes cheap.
Re: UK Universities In Financial Turmoil After Foreign Students Decrease by ehikwe22: 10:53pm On Mar 17
StOla:


I never told you about average income.

I told you about a good pay in Nigeria versus a good pay in the UK.

Anyone earning £4500 (above £50,000 pa), is earning a good pay in the UK, just as many young Nigerians earning above N800k (above N10m pa) are also earning well.

Don't even begin with the foolish lie that only a few earn well in Nigeria. Everybody cannot earn well but those who cross that benchmark I defined are many.

So if the UK, can be bold enough to charge a university session fee that is about 2months salary of those who earn well, while we are charging a session tuition fee that is less than the monthly pocket money that most students with working parents get, then is it not obvious that our education is heavily subsidised?

In the mid 2000s to circa 2013, when tuition fees in Unilag was less than N20k, only those that can be classified as indigent students did not get monthly pocket money from their parents that was not more than a whole year tuition fees.

I repeat, let us continue to charge money for family outing to Mega Chicken as session tuition fees, while our tertiary education system is in comatose.

When we are ready to get serious, we will admit that nothing good comes cheap.
Keep deceiving yourself. More than 70% of Nigerians live on less than 1$ a day.

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