iNews is reporting that one of Britain’s largest private universities has collapsed into administration, leaving thousands of students fearing they will never make it to graduation.
GSM London, a for-profit private degree provider with 3,500 students enrolled, will close its doors in September.
The UCU lecturers’ union called it a consequence of the “marketisation of education” and warned against an “increase in poorly regulated private providers”.
Jeffry Fernhout, 23, has just completed an economics degree at GSM London and told i he received “no warning” about the collapse, leaving students in disarray.
He added that the “very poorly managed” institution’s downfall had been noticeable for students for some time.
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