University of Limerick records €700,000 deficit after overpaying for student housing

The provost of the university wrote to staff to inform them that the Higher Education Authority will be visiting UL in the coming weeks to speak with senior staff

Professor Shane Kilcommins, the Provost and Deputy President, said: 'There will have to be accountability for the substantial impairment in our financial accounts.'

The University of Limerick ended 2023 with a financial deficit of €700,000, staff have been told.

The deficit is the result of the university overpaying by millions of euro for student accommodation.