Massey University vice-chancellor Jan Thomas says Covid-19 has affected the university’s finances.
Massey University is forecasting a $9 million loss for the year due to the effect of Covid-19.
Massey’s vice-chancellor Jan Thomas announced an operating surplus of $11.6m for the nine months to September 30 at the university’s council meeting on Thursday, which was above budget by $1.3m.
But the university is forecasting a deficit for the year of $9m, compared with its budgeted surplus of $16m for the year.
Border restrictions have been in place in New Zealand since the Covid-19 pandemic hit earlier this year, preventing fee-paying international students coming, which has cost universities financially.
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