From the point of view of total university income, it is a 4 per cent cut.
In fact, while government spends £12.3bn on higher education today, total university income from all sources was over £23bn in 2007-2008.
With tuition fees of £9,000 and a possible total university debt of £60,000 for medical students, it's obvious to me that if you're an intelligent, prospective student and want to make money, medicine isn't the way forward.
In addition, while total university enrollment is up, the number of students receiving advanced degrees is way down.
There were 55 general and 8 university hospitals, which accounted for 56% of total general hospitals and 100% of total university hospitals participating.
This assumption is reinforced by another recent Statistics Canada report--this one on university finances--which states that universities have raised the contribution of all tuition fees to total university revenue from 9% to 16% in the last decade (see sidebar).
It includes an annual total university income of above $750,000 £462,0000) per academic; a student-staff ratio of almost 12 to one; about a fifth of staff and students are international and research income of about $230,000 £142,0000) per academic.
Total university expenses rose 35percentt between 1993 and 2007, while administration costs jumped 61percentt, according to a Forbes article.
But some earned much more: Charles H. Polk's total compensation of $1,843,746 amounted to 3.5% of the total university budget at Mountain State University.
Even after adjusting for inflation, average student debt has increased 35% since 2005. 5. Debt by Advanced Degrees: Graduate students are estimated to account for around 40% of the $1.2 trillion in outstanding student loans, even thought they make up only 14% of total university enrollment.
