Victoria University is expected to increase student services levies by a “substantial” amount in 2010 Vice-Chancellor Pat Walsh told a fees forum today.
The forum, organised by VUWSA and the University, detailed the university’s challenging financial position, and highlighted that tougher times lay ahead for the capital’s university.
The decision whether or not to increase student fee levies in addition to tuition fees will not be made official until the meeting of the University’s Council on September 21.
Facing a minimum revenue loss of $1.3 million next year, $3.1 million in 2011 and $3.4 million in 2012, it is expected the University’s Financial Committee will recommend to the University Council that levies be increased.
It is also expected that managed enrolments will be introduced next year, becoming university-wide in 2011.
Needing to maintain a 3% revenue surplus, and an expectation that the National Government will not maintain its tertiary funding at the level of CPI, Walsh anticipated that Victoria’s revenue drop will be double of that forecast ($3 million next year, $6 million in 2011 and approx $7 million in 2012).
A partnership between VUWSA and the University regarding the operation of student services is also being considered, but Walsh stressed this was only in its preliminary stages.
More details will be avaliable in next week’s issue of Salient.