Most institutions are unable to bring in enough funding to cover the true costs of research (89p of funding per £1 of research is not unusual), because funding bodies won't pay the full costs. This is stupid, but that's the way it is.
For most institutions, undergraduates make them money (Cambridge doesn't because the college system is so expensive, but that's quite unusual). Foreign students pay higher fees, so are even more profitable.
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timeasmymeasure
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Date: 2016-03-02 11:54 pm (UTC)For most institutions, undergraduates make them money (Cambridge doesn't because the college system is so expensive, but that's quite unusual). Foreign students pay higher fees, so are even more profitable.