With conferences cancelled and revenues hit because of a lack of rent from student accommodation, Britain’s universities are reeling from the global coronavirus pandemic.
Schools have already lost millions of pounds thanks to enforced closures under lockdown, and things could get worse still.
And the next academic year could be even worse if international students, who pay higher tuition fees, stay away or are hit by movement restrictions.Without it, they warned that some institutions risked having to cut back sharply or risk closing together.Britain is the second-most popular university destination for foreign students after the United States. In 2018-2019, one in five pupils in the country came from overseas.
A report by the consultancy firm London Economics in April for the University and College Union estimated that all foreign students were 47 percent less likely to enrol in their first year in the UK in 2020-2021 compared to 2018-2019.That could threaten as many as 30,000 direct jobs and more than 32,000 in the local economy which depend on the university sector.
“You’ve got something like three quarters of the costs of your research and the other quarter is made up from international student fees.”Hillman described the situation as a paradox, given that some universities are at the forefront of global efforts to find a vaccine against the coronavirus and drug treatments.
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