At the moment the Higher Education Funding Council for England (Hefce), which distributes public funds to universities on the government’s behalf, waits for three years before it publishes a list of universities at high risk of financial failure.

The number of universities at risk of going bust is likely to rise over the next few years, the government’s spending watchdog has warned. The National Audit Office (NAO) report on the checks and balances of universities’ finances calls for public disclosure of institutions at high risk of financial failure.

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