New Zealand on Tuesday (June 27) announced a multi-million-dollar bailout for cash-strapped universities, in the hope of preventing jobs and courses from being cut at institutions struggling to bounce back from the pandemic.
The finance and education departments said they will pump NZ$128 million into the sector through more tuition subsidies.
Dunedin-based Otago University and Victoria University of Wellington each recently signalled that hundreds of jobs could be in jeopardy and courses cut due to budget shortfalls. "This funding will help maintain the quality and breadth of higher education offerings and research capability in our tertiary institutions," she added.
She admitted the cash boost"will not resolve all the issues that universities are facing, but it should make a positive difference".
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