The President of LIT is warning that a new financial model for higher education will have to be developed to ensure its transition into a technological university is sustainable.
It comes as the institution has confirmed a new entity in conjunction with Athlone IT will be formed by the autumn, which will see a technological university in the Midlands and the Midwest.
It means Ennis will officially become a university town, with the Bindon Street campus, which opened back in 2019, to fall under the remit of the new institution.
The 2016 Cassells report found that by next year an extra €600 million annually will be needed to sustain the third-level sector this year.
LIT President Vincent Cunnane says for the new TU to work, the funding model needs to change.