The earthquakes in Christchurch have left its university facing large bills for insurance and repair work.
This year the University of Canterbury has also had to grapple with a big drop in student numbers, although the Government has maintained its pre-quake funding at least for this year.
So Canterbury is cutting costs, dropping some courses, axing some jobs and merging some departments.
But as Shelley Nahr reports, staff and students believe that could cause even more damage.
Watch the video for her report.