9 Jun 2023

Universities have worst financial year on record in 2022

From Morning Report, 7:23 am on 9 June 2023

It's official, universities had their worst year on record in 2022 with at least five of the eight institutions recording a loss.

The figure is likely to get even worse with Waikato expected to confirm a deficit when it publishes its annual report next month.

Universities warn this year is also looking tough and they are urging the government to used the millions of dollars it has saved from falling enrolments to help them out.

RNZ education correspondent, John Gerritsen, reports.