UK universities are struggling financially. His financial condition is not going well and now he has hope from Indian students.
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Britain’s top and most prestigious university is finding it increasingly difficult to remain financially stable. They are facing shortage of money. Because of this, many universities are struggling with lack of money. Even though Oxford University has secured the top position in the Times Higher Education World University Rankings. But still many such prestigious universities are financially faltering. Actually, UK Universities in India are grappling with lack of funding and staff strikes. However, now universities are seeing hope from the students of India.
According to a Bloomberg report, last month 70,000 people across 150 universities in the UK demonstrated due to dwindling salaries, pension cuts and poor working conditions. Similarly, the British government is also considering to determine the number of foreign students. According to the Higher Education Statistics Agency, about 30 per cent of the 274 universities and colleges were already running at a loss at the end of the 2021 academic year.
Why universities reached loss?
The Russell Group, an association of top 24 universities such as Oxford and Cambridge, told a parliamentary committee earlier this year that the government needed to increase foreign funding. On October 25, the rating agency Moody’s reduced the rating of many prestigious institutions of Britain including Oxford, Cambridge, University College London.
Due to the deteriorating condition of British universities, there is Brexit and then there is an epidemic in the world. These educational institutions were in a way dependent on foreign students, because they were getting hefty fees from students going from India and China. However, due to the epidemic, the number of students going from China and India decreased and in this way their earnings also decreased.
Universities dependent on Indians
In fact, UK universities are heavily dependent on foreign students, especially Indian and Chinese students. Where there has been a decline in the number of students coming from China, while the number of Indian students has increased. There has been an increase of 27 percent in the number of Indians. This is the reason that now British universities are expecting that as the number of Indian students will increase in them. By the way, their earnings will also increase.
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