Sydney Uni expects to lose $550 million over next four years

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Sydney Uni expects to lose $550 million over next four years
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Sydney University expects to lose more than $550 million in overall student revenue over the next four years, and forecasts the COVID-19 crisis will keep hurting its bottom line until 2025 | JordsBaker

Sydney University expects to lose more than $550 million in overall student revenue over the next four years, and forecasts the COVID-19 crisis will keep hurting its bottom line until 2025.

The university is expecting its international enrolments to fall by 35 per cent in semester one next year, and by 20 per cent in semester two, but that shortfall would be felt for several years afterwards as the commencing class of 2021 progresses through its degrees. "Research needs to be funded adequately with equipment, travel and strategic investment in critical infrastructure; the student experience and innovative teaching must be supported; and a continued recruitment freeze would have a serious impact on research and on the careers of many staff.

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