The Solomon Islands National University could close before the end of the year if it doesn't receive the nearly $US5 million worth of tuition fees it is owed.
The University's Vice-Chancellor Prem Rai said the institution had a very serious cash flow problem and if desperately needed funds were not paid it would affect the institution.
All but $US750,000 of the money owed is from government and MPs' scholarships and sponsorships.
Dr Rai told Koro Vaka'uta about the dire straits the University is in.