St. Helen's College, a further education college in Merseyside, is planning to sell off its student halls this summer to help balance the books.
College bosses say the facility, which is based in Ravenhead, is currently only half-full, and so has been making a loss for several years.
Yet a parent of one of the affected students has said that the college is not 'offering any support to its existing students, many of whom are about to move into the third year of their course', and have no option but to search for new places to live.
Deputy principal and finance director Rob Molloy said that 'the income from the sale of Yorkshire Gardens will enable the college to continue investing in its existing estate, providing outstanding resources for all students.'
However, many students and parents feel the college should have been more transparent about its plans, arguing that they were only told by a 'belated, hand-written letter' after rumours of the plans to sell the property were leaked.
One parent said that 'given the college's values about every student voice being important and the welfare of students being a priority I'm shocked at the decision. As a major employer and representative of the wider community, it's important that any decision around the college's finances is made public.'
A spokeswoman for St Helen's College insisted that students would be fully supported in finding alternative accommodation via lettings agencies.
St Helen's College currently has about 15,000 students enrolled on over 600 different courses of study.
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