Source from AFP
University of New South Wales (UNSW) has agreed to settle the $32.3 million in government loans and grants outstanding after the sudden closure of its Singapore campus, a statement said Tuesday.
The University of New South Wales (UNSW) opened its Asia campus earlier this year but shut it down at the end of June after enrolling fewer than half the number of students in its business plan.
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Well UNSW finally has to repay the grants and loan which were given to them by the Economic Development Board (EDB). It’s actually a sad case as I was really happy that UNSW was opening here. Firstly, It would have provided many students here the opportunity to experience an Australian style of learning. Secondly, a much lower cost compared to studying in Australia itself due to the stronger Australian dollar and other external costs like lodging, food & house expenses. Thirdly, it provided courses that were unavailable in Singapore.
Honestly, the true issue between Singapore and UNSW will never be known. UNSW complains that the EDB cuts it’s grants after UNSW revision of student uptake yearly. Differences weren’t discussed of and unfortunately it arose to the embarrassing moment of pulling out entirely from Singapore. It’s a pity to the staff, students and ultimately Singapore which is aiming to increase the number of graduates here. Singapore is currently recruiting other foreign universities and are also planning to build a 5th university specialising in health sciences. Furthermore, the embarrassment caused to both Singapore & UNSW. It will be a slap to Singapore ‘s face if UNSW successfully opens in Malaysia.
Fai @ ilovelookinggood










