Home News For-profit colleges face pressure over tighter UK regulation – Financial Times

For-profit colleges face pressure over tighter UK regulation – Financial Times

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Institutions lose loan funding if not added to watchdog’s register

Nine months before it collapsed, GSM London, a for-profit higher education college in the UK capital, applied to be added to a little-known government list.

The Office for Students (OFS), which became the UK higher education regulator in 2018, requires universities and colleges to be on its register in order for their new students to be eligible for government loans from this academic year, which starts next month.

When it went into administration last month, GSM, which offered bachelors’ and masters’ degrees validated by the University of Plymouth, had not been included on the database, raising the question of how prospective students would have paid their fees, even if the private equity-owned business had remained open.

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