Britain's Bankrupt Universities Are Hunting For Cheaper Models

British universities face mounting financial pressures with four in ten institutions running deficits, according to the Office for Students regulator. Half have closed courses to save money, while Durham and Newcastle each shed 200 staff members. Lancaster's cost-saving plan could eliminate one in five academic positions. The crisis, writes Economist, stems from frozen tuition fees for English students, which will rise by only a few percent in August for the first time in eight years.

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