News Snapshot:
Early this month, the media reported that Soochow University was indebted to a sum of NT$500 million (US$18.08 million), bringing attention to the financial crisis facing Taiwanese universities. During the 2020-2021 academic year, the school’s debt-to-asset ratio was 8.1 percent, which is not too bad compared with other private universities. The Ministry of Education’s open platform for information about college and university affairs showed that the highest debt of a private university stands at NT$6.2 billion, with a debt-to-asset ratio of 34.16 percent, much higher than the average ratio of 6.85 percent. TOP DEBTORS Most of the universities with the...
