HEFCE amends debt offer after mass response

March 14, 1997

AN INITIATIVE by the Higher Education Funding Council for England to buy out institutions' inherited debt has been oversubscribed eight times. The council launched the scheme last December to redeem universities' and colleges' outstanding debts to local authorities in a lump sum, and so relieve its own commitment to meet interest payments. But it has been able to fund only the two proposals which saved it most money. The council will continue to meet interest payments to the other institutions and review its financial situation at the end of the year.

Please login or register to read this article

Register to continue

Get a month's unlimited access to THE content online. Just register and complete your career summary.

Registration is free and only takes a moment. Once registered you can read a total of 3 articles each month, plus:

  • Sign up for the editor's highlights
  • Receive World University Rankings news first
  • Get job alerts, shortlist jobs and save job searches
  • Participate in reader discussions and post comments

Have your say

Log in or register to post comments