Three-year plan to help institutes break even
Five of the country's third-level institutes have been put on a three-year plan to help them to become more financially stable.
Dundalk IT, Waterford IT, Letterkenny IT, Galway Mayo IT and the National College of Art and Design (NCAD) will look to boost revenue streams by enticing more international students and offering a new range of courses, among other measures. Each had been running a budget deficit after funding reductions put them under financial pressure.
The Higher Education Authority's (HEA) Andrew Brownlee said it is working with them to help them break even.
"At the moment they are all experiencing operating deficits and what we are doing is sitting down with them and working towards a three-year financial plan that will allow them to break even again," he said.
"That involves a review of all of their operations, the types of courses they are providing, if they can introduce more part-time flexitime provision, if they can take in more international students and if they can cut costs in certain areas."