Nearly 40% of privately run universities in the red

Nearly 40 percent of privately run colleges and universities across Japan operated in the red in the academic year to last March, a more than fourfold increase from around a decade ago, a survey showed Friday।

The survey by the Promotion and Mutual Aid Corporation for Private Schools of Japan found that 222 schools reported losses for the year, compared with 48 in a similar survey for 1997 and 194 for 2007। The latest survey by the organization covered 589 schools, of which 569 responded.

The schools reported combined revenues of 3।2 trillion yen, of which 77 percent came from tuition and other fees from students and 11 percent came from state subsidies.
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