Education Policy | Post Primary | Preschool | Primary | Tertiary | Search


Forecasts Massive $11.4 Million Surplus

30 November 2005

University Forecasts Massive $11.4 Million Surplus

The University of Canterbury Students' Association today expressed its concern over the University of Canterbury's current forecast. The University of Canterbury is currently forecasting a massive $11.4 million dollar surplus, this result comes after a five percent increase in domestic and international student fees for 2006 and this even despite a budgeted surplus of only $6.6 million.

"This surplus flies in the face of the University's claim that the fee increases for 2006 were needed to maintain financial viability in the future. The University budgeted a $6.6 million surplus for 2005 but now it seems like the University is massively profiting off the back of students. This is a matter of social responsibility, we know the University didn't budget for this surplus, and resultantly doesn't need it," George Hampton, UCSA President, said.

"The University constantly claims it is in a bad position, but it's not hungry, it doesn't accumulate debt daily and it isn't the weakest party," Hampton said, "Students should not be funding university's to make massive surpluses."


© Scoop Media

Culture Headlines | Health Headlines | Education Headlines


Howard Davis: Joel Coen's Monochromatic Macbeth

The Bard of Avon may well be smirking up the sleeves of his lace doublet at the irony of Will Smith's Oscar debacle, but now that the initial furore has dissipated, it's worth revisiting the movie for which Denzel Washington was also nominated. More>>

Howard Davis: Kenneth Branagh’s Black & White Belfast

Branagh has assembled a wonderful cast, including Ciarán Hinds, a gently formidable actor who well deserves his Oscar nomination, and Judi Dench, who steals every scene she’s in. More>>

Howard Davis: Dennis Villeneuve’s Dune - A Brief History

So many elements of Herbert’s novel have since become tropes of popular SciFi that Villeneuve’s film sometimes seems deceptively derivative. What makes all this nonsense essential viewing is his astonishing visual sensibility. More>>

Howard Davis: Jill Trevelyan's Rita Angus

Although Angus has become one of Aotearoa’s best-loved painters, the story of her life remained little known and poorly understood before Jill Trevelyan's acclaimed and revelatory biography, which has been republished by Te Papa press. More>>



  • Wellington
  • Christchurch
  • Auckland