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The University of the West Indies (UWI) is aiming to reduce costs to students from the Caribbean as part of its strategic plan over the next five years.

The reduced cost to students is part of a grand objective of the regional educational institution, which includes the enhancement of UWI’s financial strength, stabilisation of the contributions of governments, and transformation of its governance in the best interest of the public.

The five-year plan dubbed ‘Operation Revenue Revolution 75+’, launched last Wednesday by UWI Vice Chancellor Professor Sir Hillary Beckles, seeks to address the financial stability of the region’s leading tertiary institution.

According to the press release, UWI seeks to create a funding model in which half of its revenue comes from the UWI’s contributing Caribbean governments, with the other half coming from “the university’s entrepreneurial actions”.

These entrepreneurial actions, the UWI said, were regional student fees (20 per cent), international student fees (10 per cent), business activity (10 per cent), with five per cent each coming from private sector investment, and endowments (including alumni).

Beckles said, over the last five years, the reputation of the university had been addressed, with the institution being the number one university in the Caribbean, in the top one per cent of universities in Latin America and the Caribbean, and the top one per cent in its age cohort in the world.

Beckles indicated that UWI’s finances had to be addressed because of the devastation of regional economies by COVID-19.

Source:https://jamaica.loopnews.com/content/uwi-aims-reduce-costs-regional-students

The current excessively cost of attending UWI is personally very disconcerting to me, not sure if its a feeling of guilt, considering that I attended that institution free of cost

In reply to Slipfeeler

Good move
An international student should ideally pay more.

When I was non-EU, my cost was about 40% more than an EU citizen. Rightly so.

In reply to Halliwell

Here in Canada, while residents pay between $4000-$5000 per year, international students are faced with $13,000 to $14,000 per year in tuition.