Loss-making student union could pass debt on to students
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A students' union that has made losses for two years could pass the debt on to its students and graduates. The University of South Wales has added rules that would allow it to charge its members, as well as those who have previously been members, in the eventuality that its union collapses financially. Students at the university are automatically opted in to be members of University of South Wales Students’ Union (USWSU) even if they are not aware of their membership. USWSU made losses in the two years that they have made public. An annual report for the year ending 30th June 2015 saw the union announcing a loss of £998. In the annual report for the year ending 30th June 2016 they reported an additional loss of £7,284. Whilst their unrestricted reserves stood at £40,200 in the 2015 report, the more substantial loss in 2016 pushed those reserves down to £32,916. Financial details for 2017 have not yet been released.
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