Oxford Brookes and Staffordshire - Requests to raise loan limit

February 7, 2008

Special permission to borrow amounts greater than 4 per cent of their income has been sought by Oxford Brookes and Staffordshire universities. Universities have to gain authorisation from the Higher Education Funding Council for England before exceeding this threshold. Rex Knight, deputy vice-chancellor of Oxford Brookes University, confirmed that the institution was borrowing £32.5 million to build halls of residence. He said: "The university has asked Hefce for this permission on a number of occasions, and has not only been able to repay the funds, but has also generated additional surpluses." Staffordshire University is borrowing an additional £60 million, £50 million of which is to be invested in the new "university quarter" - a joint project with a further education college and a sixth-form college in Stoke-on-Trent.

You've reached your article limit.

Register to continue

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
Register

Have your say

Log in or register to post comments

Most Commented

James Fryer illustration (27 July 2017)

It is not Luddism to be cautious about destroying an academic publishing industry that has served us well, says Marilyn Deegan

Jeffrey Beall, associate professor and librarian at the University of Colorado Denver

Creator of controversial predatory journals blacklist says some peers are failing to warn of dangers of disreputable publishers

Hand squeezing stress ball
Working 55 hours per week, the loss of research periods, slashed pensions, increased bureaucracy, tiny budgets and declining standards have finally forced Michael Edwards out
Kayaker and jet skiiers

Nazima Kadir’s social circle reveals a range of alternative careers for would-be scholars, and often with better rewards than academia

hole in ground

‘Drastic action’ required to fix multibillion-pound shortfall in Universities Superannuation Scheme, expert warns