Without government support, universities will struggle to provide the education people will need to rebuild their lives after Covid-19
Our universities are a vital and unique part of our society with an importance that far outweighs their considerable economic value. Yet research into the impact of Covid-19, conducted by London Economics for the University and College Union, shows that universities face a black hole of at least £2.5bn in fee and grant income for 2020-21 as students both in the UK and around the world defer or abandon their plans to study here.
The new analysis suggests that over 230,000 fewer students will enter higher education in 2020 as a result of the crisis, over half of which are international students. That fall in student numbers would translate into a drop in income of around £1.51bn from non-EU students, £350 million from EU students and £612 million from UK students opting to stay away.