Nick Gibbins (nmg) wrote,
Nick Gibbins
nmg

Sic transit gloria LMU

Following some irregularities, the UK Border Agency has revoked London Metropolitan University's visa license. Not only can the university no longer recruit overseas (non-EU) students (a major source of income for all UK universities, and one of the few things that stops them from going bankrupt), but their existing overseas students have been told that they have sixty days to find alternative visa sponsors or they will be deported. LMU have estimated their annual income from overseas students at around £30M, about 20% of their total income. They currently have over 2000 overseas students.

Poll #1863277 Sic transit gloria LMU

Imminent financial meltdown at LMU?

Yes
17(63.0%)
Maybe
9(33.3%)
No
0(0.0%)
SEWIWEIC
1(3.7%)

LMU goes into financial meltdown as a consequence of the Highly Trusted Status revocation. The government:

bails them out unconditionally.
0(0.0%)
bails them out, but stipulates reasonable conditions.
0(0.0%)
bails them out, but stipulates onerous conditions.
2(8.0%)
encourages them to merge with another university.
8(32.0%)
encourages a private university provider to take them over.
6(24.0%)
encourages a private university provider to take them over, but none step forward.
7(28.0%)
lets them fail.
2(8.0%)

The least worst option

University of Buckingham
2(18.2%)
BPP (Apollo Group)
2(18.2%)
IFS
0(0.0%)
Ashridge
0(0.0%)
Regent's College
3(27.3%)
Kaplan, Inc
2(18.2%)
Pearson
1(9.1%)
Education Managment Corporation
1(9.1%)
SEWIWEIC
0(0.0%)

Who's next?

Tags: academia, higher education, politics, poll
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