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Universities will be forced to sell assets and look at mergers

Robert Bolton
Robert BoltonEducation editor

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RMIT University in Melbourne will probably be the university most severely affected by the COVID-19 economic crisis, with a report showing it would face a fee shortfall of $853 million by 2024 in a worst case scenario, even if it sold two thirds of its cash and investment holdings to compensate for lost international student fees.

Some universities are likely to face the question of whether they can be considered a "going concern". Erin Jonasson

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Robert Bolton is the Education editor. He covers primary and secondary education, universities and training. Connect with Robert on Twitter. Email Robert at rbolton@afr.com

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    Original URL: https://www.afr.com/work-and-careers/education/universities-will-be-forced-to-sell-assets-and-look-at-mergers-20200529-p54xmz