HE overturns UKPd50m deficit

The higher education sector in the United Kingdom was back in the black in 2001-2002, generating a surplus of UKPd64.3 mil, vs a deficit of more than UKPd50 mil in 2000-2001, however the financial health of individual universities varied significantly, according to the latest figures from the Higher Education Statistics Agency. The biggest change was recorded by King's College, London, which posted a surplus of UKPd2,634,000 in 2001-2002, vs a deficit of UKPd18,325,000 in 2000-2001. The Open University had the biggest deficit in 2001-2002, with UKPd8,968,000, while the University of Oxford, with UKPd16,561,000 had the biggest surplus.