The head of Britain's first for-profit university college was paid £738,000 ($1,177,000) in one year, while the co-chief executive officer of the firm’s U.S. owner has a long-term pay deal valued at £15.8 million ($25.2 million).
The government is being urged to prevent universities being bought by private equity firms after the College of Law, a charity that provides teaches law courses in London and six other cities across England, was sold to a private equity firm for £200m.
This (unnamed) college demonstrates the 'dark side' of the private sector in higher education. Things can go wrong, and when they do this can be very bad - particularly for the students. This is not to say that the private sector in higher education is all like this. It can be done well, and a private alternative to publicly funded universities and colleges adds a great deal to the sector. As in the US and many other countries, private colleges can enrich the student and academic experience for all, giving diversity and real alternatives.
The government has adopted a policy of not discriminating between public, for-profit and voluntary providers of many public services. Is this the right way to go for higher education?
FoI reveals moves and countermoves in struggle for state cash and influence. For-profit providers have pressed the government to give them greater access to publicly funded student loans and open up teaching grant in high-cost subjects.
Glion Institute of Higher Education, one of the world’s top three institutions of higher education for an international career in hospitality management, announced today that it is opening its first branch campus in London. The new campus expands the reach of Glion’s Swiss hospitality education programmes to students and industry leaders in the U.K. Glion is a member of Laureate International Universities, a global network of more than 60 accredited campus-based and online institutions of higher education serving more than 740,000 students in 29 countries.