With a 6% drop in revenue, 2020 was a year Australian universities would prefer to forget, a recent report released by the Mitchell Institute shows. The report, Australian Investment in Higher Education, analyses over a decade of data to trace changes in university policy and the impact of the COVID-19 pandemic. It shows university revenue fell by AU$2.2 billion (US$1.6 billion), down 6% from 2019. Operating surpluses across the sector fell by AU$1.6 billion (US$1.2 billion). The main cause of the falls was reduced international student revenue and income from investments, such as dividends.
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