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).
High fees plus the prohibition of any part-time working by international students at private colleges have ensured the dramatic contraction of the industry, says Geoffrey Alderman
A rapidly growing number of students in Mexico are attending private universities, but there are increasing concerns about the quality of many of the new institutions.
The school is one of 24 privately owned universities that have received a failing grade from the Ecuadorean government, meaning that if they do not make major improvements they will be closed. Two government-run schools also received failing grades and may be shut down.