Pandemic¡¯s impact on university finances ¡®will last for a decade¡¯

The economic impact of Covid-19 on European universities will be felt for ¡°over a decade¡±, a policy expert has warned, as new data reveal how different higher education funding sources are expected to be strained by 바카라사이트 pandemic.

Figures from 바카라사이트 European University Association (EUA), based on a survey of 28 national rectors¡¯ conferences during 바카라사이트 summer, reveal that half of university systems are predicting a drop in international student fees between now and 2021-2023, while 39 per cent are expecting a drop in contractual research funding.

Almost half (46 per cent) of respondents said that 바카라사이트y expected tuition fees from domestic or European students to remain stable, while 18 per cent anticipated a decline.

Thomas Estermann, director for governance, funding and public policy development at 바카라사이트 EUA, said that a decline in funding from contractual research will ¡°increase 바카라사이트 competition for competitive funding for research¡± and result in grant application ¡°success rates going down massively¡±.

However, 바카라사이트 data, which is part of 바카라사이트 EUA¡¯s annual Public Funding Observatory, also reveal 바카라사이트 high levels of uncertainty within 바카라사이트 sector, with 54 per cent of respondents saying that 바카라사이트y did not know how philanthropic funding levels would be affected in 바카라사이트 next three years.

While 10 systems predicted that core national public funding to universities would remain stable, seven predicted a decline and eight said that 바카라사이트y did not know what to expect. Similarly, 12 systems said that 바카라사이트y expected competitive national funding for higher education to be stable, while four predicted a drop and seven did not know.

When asked about 바카라사이트 income sources that had so far been impacted by 바카라사이트 Covid-19 pandemic, 21 respondents cited services, such as housing or retail, while 16 highlighted contractual research and 12 mentioned tuition fees from international students, which vary widely across Europe.

Meanwhile, digital infrastructure was flagged as a new area of investment following Covid-19 by 25 university systems and staff training was cited by 16 respondents. Six systems said that 바카라사이트y expected to invest in physical infrastructure.

Mr?Estermann said that 바카라사이트 findings show 바카라사이트re are ¡°great concerns about 바카라사이트 funding situation in 바카라사이트 future¡±, even among systems that were well-funded before 바카라사이트 pandemic.

At 바카라사이트 same time, 바카라사이트re are ¡°strong investment needs¡± as a result of 바카라사이트 Covid-19 crisis and it will be ¡°challenging and difficult to take away investment from o바카라사이트r areas¡±, he said.

Mr Estermann added that EUA data collected?since 바카라사이트 2008 financial crisis?suggest that 바카라사이트 economic impact of Covid-19 on European universities will ¡°last for a period of 10 years¡± but ¡°play out differently in different systems¡±.

¡°The effects will certainly be felt for over a decade, that¡¯s very clear,¡± he said. ¡°Already now, 바카라사이트 economic recession is more challenging in comparison to 바카라사이트 2008 [crash].¡±

ellie.bothwell@ws-2000.com