The no. of UK schools in deficit is alarmingly high:
‘Nearly 1 in 4 universities in England were in deficit last year.
The number of universities in England with operating deficits in 2017-18 increased to 32, compared with 24 the year before and 10 in 2015-16. Across the UK, the number reporting deficits rose to 47, compared with 40 in 2016-17.’
This is not the first UK college closing this year. It’s more common than we think it is.
What’s worse, being in deficit affects the quality of education for the current students. When it closes down, students have to find another school.
There’s 3 main ways to avoid deficit:
- Increase program fees (hard to do this because there’s many other colleges and universities charging similar prices; unless you’re really special and unique, students would go for cheaper ones)
- New programs to answer market demands
- Recruit more international students
Read more here: https://lnkd.in/fv7K8_m