Jump to content
House Price Crash Forum
Sign in to follow this  
jfk

Another Irish Universityhiring Debt Collectors To Tackle Unpaid Student Fees.

Recommended Posts

http://www.independent.ie/irish-news/nuig-is-latest-university-to-call-in-debt-collectors-over-unpaid-fees-29303871.html' rel="external nofollow">

Irish Independent link

ANOTHER Irish university is hiring debt collectors to tackle the growing problem of unpaid student fees.

The number of students at National University of Ireland Galway (NUIG) in arrears has soared in recent years, jumping from 53 to 979 between 2005/06 and 2011/12.

The problem has become particularly acute since the economic crash in 2008, with three-quarters of the outstanding debt at NUIG accumulated in the last two years.

It also coincides with the steady increase in the student contribution charge, currently €2,250 and increasing to €2,500 in September, as direct government funding to colleges is cut.

Now, NUIG has become the fourth Irish university to seek the help of outside experts to collect fees and chase down defaulters. University of Limerick (UL) and Dublin City University (DCU) already use debt collectors, while University College Dublin (UCD) announced recently it was following suit.

It is estimated that the country's universities and institutes of technology are owed millions in unpaid fees.

NUIG posted a notice on the Government's etenders website in recent days seeking a partner to help it in both the billing and collection of student fees.

A college spokesperson said that the reduction in government funding and increase in the student contribution "has resulted in a growing level of student debt; a new phenomenon within the university".

SENSITIVITY

Public service recruitment restrictions also meant it lacked the capacity to provide further resources to work with students to ensure that the growing problem of student debt is managed in the most sensitive possible way, the spokesperson said.

About 90pc of the more than 17,000 NUIG students pay their fees on time. The college states that it wants to collect all fees, but points to the sensitivity of the particular relationship, which "takes account of its right to be paid as well as its responsibility towards its students".

UL is pursuing fees that date back to the 1990s. UCD recently announced that it was in the process of hiring a debt collection company.

Trinity College is owed €200,000 by former students. None of the other universities have disclosed how much they are owed.

Galway-Mayo IT is owed €213,000, while Limerick IT is owed €111,887. Dublin Institute of Technology is owed €200,000, while the Institute of Technology Tallaght is waiting on €1.3m from current students. Dun Laoghaire IADT has been left with a debt of €750,000.

Irish Independent

... no problem there

Share this post


Link to post
Share on other sites

Surprising that the fees aren't collected before the courses are started but maybe the colleges accept students being in debt to them with their debt.

Seeing as some of the fees are so long standing it also sounds like some colleges are now in financial straits and there's some barrel scraping going on - possibly caused by their own lenders tightening up on loans to colleges etc.

Edited by billybong

Share this post


Link to post
Share on other sites

What better way to place draconian legislation crushing youths than to get them heavily into debt via the student loan system.

Under 20's don't normally qualify for mortgages or big personal loans, but they do for tuition and living expenses.

Student loans. It's an industry, no doubt about that.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 239 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.