Sharon van Turnhout. The University of Otago is resorting to borrowing money as ongoing construction projects threaten to deplete cash reserves, the latest budget shows. The university declined to say how much it was applying to borrow, but consent was expected to be granted in early 2017, Ms van Turnhout said. International numbers in 2016 had increased by 5.1%, which put the institution on track to record its first year of international growth since 2011, Ms van Turnhout said. Falling numbers in the humanities division were forecast to continue; a drop of 31 EFTS was expected to take the roll to 4761 EFTS.

Source: Otago Daily Times November 13, 2016 17:33 UTC