Private universities that close must not ‘profiteer’

By Mimi Leung. With ‘surplus’ universities and schools being encouraged to shut down or merge due to Taiwan’s demographic downturn, the government has said that private institutions should not be allowed to profiteer from selling land designated for educational use.
As a way of enabling universities that cannot recruit enough students to cover the cost of closing down – costs can include payoffs for staff – Taiwan’s Ministry of the Interior recently proposed allowing private institutions to sell their land for business use. Read more...