The management of Papua New Guinea's University of PNG says it will close it down unless promised government funding is received.
The university teaches about 17,000 students at its two campuses in Port Moresby.
The Post Courier said the government had granted the university $US3.6 million earlier this year for maintenance - mostly work needed in the wake of weeks of student unrest but the money has not been paid.
The Chancellor Dr Nicholas Mann said the University Council made a decision to close after the students uprising but opened due to heavy pressure from stakeholders, including the government.
At that time it set two critical conditions for the re-opening of the academic year - security and financial support, and this has not happened.
The Secretary for Higher Education David Kavanamur said while Cabinet had approved the spending it remained un-budgeted and the department will continue to pursue the funding through January and onward.