Oireachtas Joint and Select Committees
Thursday, 24 May 2018
Public Accounts Committee
Financial Statements 2016: Higher Education Authority, University College Cork and Cork Institute of Technology
9:00 am
Mr. Diarmuid Collins:
It is really about affordability for the students. We try to get the best deal we can in acquiring and developing the beds. A room without an en suite bathroom might be cheaper per week than one with an en suite bathroom. Typically, it would cost between €120 to €130 per week. We charge only for the academic year. We just charge for 37 weeks of the year. Other providers charge a higher weekly rental and charge for a longer period. We are trying to help the students as best we can and we understand they are under pressure. Our weekly rate is as competitive as we can make it, bearing in mind our commitments to run the facility, pay back loans and refurbish the rooms. At the same time, we just charge for the academic year.