Sydney University expects a $470 million loss due to the COVID-19 crisis this year, thanks to a 17 per cent drop in international students, fewer than expected domestic students, and the extra cost of online teaching | JordsBaker
Sydney University expects a $470 million loss due to the COVID-19 crisis this year, thanks to a 17 per cent drop in international students, fewer than expected domestic students, and the extra cost of online teaching.
It showed a total of 9.9 per cent fewer students than the university had planned for in 2020, including 4.8 per cent fewer domestic students and 1.6 per cent fewer international students, "which has significant revenue implications," he said.Bloomberg "With these considerations in mind, we estimate the university’s COVID-19 related shortfall for this year will be $470m."
At UNSW, the vice-chancellor, deputy-vice-chancellor, provost and senior leadership team had taken a 20 per cent pay cut, the spokeswoman said.
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