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“Overreliance on overseas fees remains a vulnerability” for English universities, particularly when it comes to Chinese students, while Brexit has opened a European Union student recruitment gap between institutions according to their prestige, says the regulator’s report on sector finances.

The Office for Students’ report on the financial sustainability of higher education providers in England looks at institutions’ data from 2019-20 and 2020-21, plus forecasts to 2024-25.

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