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It's time for universities' broken business model to move online, says Alison.com founder Feerick

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Alison.com founder Mike Feerick.

Alison.com founder Mike Feerick.

Alison.com founder Mike Feerick.

Universities and colleges should not receive additional state funding, the Galway-based head of one of the world's largest online learning platforms has said.

Alison.com founder Mike Feerick said that the Covid-19 pandemic should act as a wake-up call to Government policy- makers on reorganising education.

"Universities' business model is broken," Mr Feerick (right) told the Irish Independent. "If you look at their balance sheets, they've been investing more in accommodation and tourism than learning in recent years. In many cases, it's a real estate and tourism business."