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.
Imminent financial meltdown at LMU?
LMU goes into financial meltdown as a consequence of the Highly Trusted Status revocation. The government:
The least worst option