Britain's first profit-making university opened

By Graeme Paton. Britain’s first profit-making university has been created as part of radical Coalition reforms to the higher education system, it was announced today.
In a groundbreaking move, it was revealed that the College of Law, the country’s largest provider of legal education and training, had been granted full university status. It is the first private university to be established since Buckingham – officially a charity – was awarded the full title almost 30 years ago. But it the first time a profit-making organisation has been turned into a university.

The announcement was made as part of a controversial Government plan to create more diversity in the higher education system. The University of Law, which registered its new name with Companies House on Thursday, will charge £9,000 annual fees for undergraduate law degrees. But the courses will be run over just two years instead of the three at most other mainstream institutions. More...