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Uni needs more students to achieve finance target

Wednesday, 01 September 2010

Posted by Mozo

The University of Newcastle may need to attract another 7,000 students by 2022 if it is to achieve its funding targets, it has been revealed.

According to the Newcastle Herald, the uni is currently weighing up options for a $562 million project that would see it expand its inner-city campus.

One option being considered is a bond issue, although the newspaper noted that any choice would rely on student numbers growing in order to achieve more revenue from student fees.

It was also reported that the NSW Auditor-General earlier this year questioned whether the university might be better off staying at its Callaghan campus and not spending such a huge amount moving into the city.

Such news may interest young Aussies looking to compare student finances and gain the best student experiences. According to the Newcastle Herald, a recent Hunter Valley Research Foundation analysis found that while moving more students into the city is a more expensive option for the university, the benefits would include injecting more than $200million a year and 1,200 jobs into the inner-city economy.

This article is brought to you by Mozo – Helping you compare student finances
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