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U.K. universities made £50 million from overdue library books
Freedom of Information requests revealed British universities took in £50 million from students whose library books were overdue or simply never returned. Some schools have policies that students owing fines cannot graduate.
The figure of £50 million (US$77.3 million) was arrived at after the Press Association filed Freedom of Information (FOI) requests with all universities in the U.K. The information spans a six year period, beginning with the academic year 2004/05.