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Tue 08 Aug 2010Third level needs major injection of funds, says report
CURRENT FUNDING of higher education is “unsustainable” and the system requires a major injection of up to €500 million per year, to cope with record demand and meet Government targets for the economy, an expert group has concluded.
With colleges facing a 30 per cent increase in student numbers, the expert group – chaired by economist Dr Colin Hunt – says funding must increase from €1.3 billion to €1.8 billion per year by 2020. It says funding should virtually double to €2.25 billion by 2030 “with additional costs for infrastructural investment maintenance and refurbishment”.
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