The Finance Minister is telling universities to take a look at how they deal with their finances and do better.
Institutions will get a piece of the $128 million pie, over the next two years.
Many have been struggling with declining enrolments and ongoing pandemic impacts.
Grant Robertson told Mike Hosking institutions also need to take a serious look at their financial books.
“I do think there’s some questions to answer at the moment about how some of the universities involved have got themselves in the position they have."
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