UK Universities Face Financial Strain Amid Declining Student Interest
Despite a planned increase in tuition fees, nearly three-quarters of universities in England are expected to face financial difficulties next year, with a forecasted £1.6 billion deficit across the sector. The Office for Students (OfS) suggests that radical changes, including course closures and mergers, may be necessary for financial stability. The decline in both domestic and international student recruitment has exacerbated the situation, prompting calls for universities to cut costs and rethink their offerings. The government is reviewing long-term funding and reforms for universities, with potential further tuition fee increases under consideration.