It's official, universities had their worst year on record in 2022 with at least five of the eight institutions recording a loss.
The figure is likely to get even worse with Waikato expected to confirm a deficit when it publishes its annual report next month.
Universities warn this year is also looking tough and they are urging the government to used the millions of dollars it has saved from falling enrolments to help them out.
RNZ education correspondent, John Gerritsen, reports.
