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Our impending exit from the EU has led to uncertainty surrounding course and grant funding as well as a reduction in overseas student numbers.
Covid-19 has also decreased student numbers and associated tuition fee income. The sudden shift to online learning has meant sizeable costs for institutions in setting up new online learning platforms and resources.
These immediate impacts will also have long-lasting effects that will require financial flexibility and planning. The higher education landscape is being rapidly reshaped and reimagined. Finance professionals are finding the need to anticipate, plan and adapt to change quickly as never before, affecting everything from tuition planning, capital investment planning, cash flow management and budgeting. Financial agility has become vital to institutions everywhere as critical decision-making is required across the sector.
Axiom’s new guide, Higher Education: How to plan and manage through financial uncertainty, serves as a guide to help institutions through this evolving period.Download guide