A bursary fund donated by a billionaire Island businessman has almost run dry, according to the Department of Education, Sport and Culture.
A Freedom of Information request asked what had happened to the Gubay Fund, created in 2006 as after Albert Gubay donated £500,000 to allow students to go to ten world class universities.
In its response, the department said 261 grants had been given out, totalling £579,000.
And it added the fund had earned £89,000 in interest over the years - and had just £10,183 remaining.
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