Corona Covid 19 punishes the Universities
and teaches the lesson to International Accreditation and Recognition Agencies
www.thespeukinternational.org/Covid19ImpactOnUniversitiesAndAccdeditationSystems.htm
Big
universities, impressive facilities, attract the students with facilities.
Online
learning is looked down by them as degree mills. Accreditation services ever
criticize the online learning as degree making mills . Now millions of
dollars have been lost. It is the lesson taught by Corona Covid
19.
Covering the
real education with facilities have been removed by Covid
19.
Some might
point out that we have no impressive buildings so we mention about it.Yes, online learning has been
depressed for long time. Now is the time show our sustainable teaching and learning
power.
Top universities
lost millions of dollars
University of Sydney lost over 200 millions
List of
unaccredited universities
https://en.wikipedia.org/wiki/List_of_unaccredited_institutions_of_higher_education
List of
unaccredited universities
https://en.wikipedia.org/wiki/List_of_unaccredited_institutions_of_higher_education
All
international degree accreditation systems are based mostly on facilities. Now Covid 19 stops mass gathering. How will they revise their
accreditation methods? . They have made a lot of money
from accreditation process. They have the responsibility to develop Corona Covid 19 Proof Accreditation system to pay back the service
to worth the fees paid by the universities.
News
Sydney
University halts spending to manage $200 million shortfall due to coronavirus
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By Jordan Baker and Anna Patty
Updated March
3, 2020 — 6.05pmfirst published at 1.00pm
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Sydney University will pause
building projects and freeze recruitment as it faces a $200 million loss due to
the coronavirus, with its vice-chancellor warning the hit to higher education
could also affect thousands of jobs outside the sector.
The university will pause capital
spending, halt expenditure on non-essential projects, freeze recruitment, and
ban unnecessary international travel. It will also review all existing and new
contractor and consultant roles.
The move comes as a senior NSW government
minister warned of long-term impacts on research if the virus continued to
prevent international students arriving in Australia.
Dr
Michael Spence will be stepping down from the Sydney University's
vice-chancellor role at the end of the year. CREDIT:NICK MOIR
Vice-chancellor
Michael Spence said the savings measures would be effective immediately, with
estimates predicting the university faces a $200 million hit to its $2.8
billion budget if some 15,000 Chinese students still stuck overseas are unable
to reach campus for semester one.
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"We know these
measures will create some challenges, but they are aimed at ensuring we can
continue to contain the financial impact of this ongoing global health
crisis," he said in a statement.
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The announcement
comes as a University of Queensland student living in Brisbane has become the
seventh person to test positive for COVID-19 in that state.
The international
student, a 20-year-old man from China, is in a stable condition in isolation in
the Royal Brisbane and Women’s Hospital.
The pause on
capital spending at the University of Sydney will impact equipment and
infrastructure. Large buildings already contracted and under way will continue,
but those not funded by external grants or philanthropy will be put on hold.
Only jobs funded by
external grants or at written offer stage will proceed.
Dr Spence said
university modelling shows the economic impact of coronavirus would be felt
beyond the sector. Under one scenario, in which 8700 students would have to
defer one semester, there would be a reduction of about $1.4 billion to the NSW
Gross State Product (GSP) with about 10,700 full-time jobs affected.
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Under another, in
which 15,000 students deferred the whole year, there would be a reduction of
$2.2 billion to the GSP, with more than 15,000 full-time jobs affected. Under
both scenarios, the reverberations could be felt until 2026.
"This
modelling makes clear that the benefits international students bring when they
choose to study in Sydney goes far beyond the university sector," Dr
Spence said.
Vice-chancellors
from the state's 10 universities are looking at mitigation strategies including
cuts to research, capital works and casual teaching shifts.
"It will have
an impact on employment of sessional staff - casuals and part-timers. And it
will have a long-term effect on research. They will cut research and they will
cut capital projects," said NSW Skills and Tertiary Education Minister
Geoff Lee.
The president of
the Sydney University branch of the National Tertiary Education Union, Kurt Iveson, said he was worried about casual staff who have
been promised work, but were now "in the firing line for cutbacks.
"The freeze on
new appointments ... is also a serious concern," he said. "Massive
extra demands are already being placed on staff to reorganise teaching to try
to make it accessible for students caught up in the travel ban ... It now seems
we are being expected to do more with less."
Sydney University
sociologist Salvatore Babones, who warned of a sudden
drop in revenues from Chinese students in a Centre for Independent Studies
report last year, said the university should have been better prepared.
He said it should
have purchased insurance and set aside financial reserves in case there was a
sudden drop in Chinese students. "If the university had heeded this advice
... it would not have been facing the austerity measures it announced
today."
A spokeswoman for
the university said it had looked into insurance but
"there wasn't a feasible product".