Oh Dear...Lancaster = Bankruptcy?

DannyOwens

http://www.thestudentroom.co.uk/showthread.php?t=421491

Read the third Post...

Reply 1

Echolife

Take a look at this

http://domino.lancs.ac.uk/Info/lunews.nsf/I/B8B55EE055BF544C80257313003C4D37

Reply 2

-- Dan --

DannyOwens

http://www.thestudentroom.co.uk/showthread.php?t=421491

Read the third Post...

Can't say i'm surprised by that to be perfectly honest. They've spent a lot of money recently on building and refurbishment, and they can't have that much left.
I guess it also helps explain the ludicrously high room deposits.

Reply 3

NothernPompey

so what will happen to lancaster?

Reply 4

Purple

Those figures were from 1998-2003, before the higher tutition fees and now they are getting £3000 a year now from each student.

Reply 5

DannyOwens

but spending millions on accommodation and advertising as well as allowing the SU to overspend!

Reply 6

-- Dan --

It's ok, I'm sure they're getting a lot back from fees and room deposits. And LUSU are probably making quite a bit from things like sugarhouse entry.

Reply 7

Paul_G

This does in fact date back to 1998 and the situation now is very diffferent. See:

http://domino.lancs.ac.uk/Info/lunews.nsf/I/B8B55EE055BF544C80257313003C4D37

Reply 8

LaurenFah

Paul_G

This does in fact date back to 1998 and the situation now is very diffferent. See:

http://domino.lancs.ac.uk/Info/lunews.nsf/I/B8B55EE055BF544C80257313003C4D37

Ahhh thanks for the link :biggrin:

Good stuff!

Reply 9

Teao the Cat

Thats good. I got a bit worried there!!!

Reply 10

Pacibald

Zomg Lancs is rich they should pay us!!

Reply 11

lancaster_lad

If you read the report for Lancaster it says:

Lancaster University
Category 1 in 1998 then category 2* at the beginning of 1999 then off the list from September 1999.

Historically Lancaster has faced severe financial difficulties through lack of funding, particularly in the 1990s, but now the University's financial position is pretty strong and they're in surplus.

This is of course partly due to increased government funding but also because students themselves are now lumbered with the cost of tuition fees which plays a larger part in University funding today.

Reply 12

A_ndy

Lancaster went through a nightmare time in the 90's due to taking out loans against the stock market with high repayments and interest rates - ended up with lots of staff leaving - no redundancies just early retirements etc. The massive new accomodation building prog is financed through PPF so there's limited financial burden on the Uni.
These days the Uni makes a surplus each year - 2-4% and has committed itself to doing this to build up reserves etc ...

All in all, they aint bankrupt