Universities running on empty beg for bailouts

The Gleaner 27 February 2021

Jamaica’s tertiary education institutions are wilting under the heavy weight of debt occasioned by the worsening economic conditions caused by the COVID-19 pandemic, writes Erica Virtue for The Gleaner.

The University of the West Indies and Northern Caribbean University recently begged the government for multibillion-dollar bailouts during a Gleaner Editors’ Forum, while the University of Technology, Jamaica said that it had liquidated more than a billion dollars’ worth of assets to offset a massive revenue shortfall.

Revenue streams have been disrupted as money-earning programmes and business opportunities closed, while only a trickle has come from the Students’ Loan Bureau to pay for students who are soldiering through the hazards of online schooling.
Full report on The Gleaner site

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