Spencer Group


 
 
Remember me:
Skip Navigation LinksEI article
Academics to launch new for-profit college

A group of academics is to launch a new for-profit college, charging fees of £18,000 a year.
 
The New College of the Humanities will offer students University of London degrees, taught by top academics including scientist Richard Dawkins and historian Niall Ferguson. Its first master will be the philosopher A. C. Grayling.
 
The college, partly inspired by the US liberal arts college model, will be based in the Bloomsbury area of central London. It will be a private company, and says it has raised “millions” in backing from investors.
The new college has drawn criticism for its high-fees, however.
 
Sally Hunt, general secretary of the University and Colleges Union, said: "At £18,000 a go, it seems it won't be the very brightest but those with the deepest pockets who are afforded the chance." 
 
She added that it was "further proof that its university funding plans will entrench inequality within higher education".
 
Grayling said that the decision to set up New College was partly triggered by the government's plans to cut subsidies for arts, humanities and social science subjects.
 
It will offer scholarships to a fifth of its students, rising to a third if a new charity associated with the venture is successful.
 
That still means the majority of its students will be charged fees three-times higher than the maximum student loan available to them, however – suggesting that the majority of students will be those who can pay up front.
 
New College will teach courses in subjects including English, philosophy, history and law. Students will also be taught modules in "intellectual skills", such as science literacy, logic and critical thinking, and applied ethics.
 
The college will have high entry requirements, of three As at A-level and above, and aims to replicate the Oxbridge one-to-one tutorial system.
 
It will open its doors to students in September 2012.
 
The company was first registered under the name "Grayling Hall", referring to two of its founders, in July last year.


Posted on: 06/06/2011




Latest news

03/08/2015
Australian childcare operator G8 Education has upped its offer to acquire smaller competitor Affinity Education from A$162 million (£76 million) to A$185 million.
03/08/2015
Vocational awarding body NCFE has acquired rival the Council for Awards in Care, Health and Education (Cache) for an undisclosed sum, EducationInvestor can reveal.
31/07/2015
South African schools group Curro Holdings has dropped a R6 billion (£300 million) takeover bid for smaller rival Advtech.
31/07/2015
Corporate training firm Learning Technologies Group (LTG) has acquired Eukleia, a provider of e-learning to the financial services industry.
31/07/2015
US-based software provider Civitas Learning has acquired British learning platform BlikBook for an undisclosed sum.
31/07/2015
The education branch of conglomerate Ayala Corp, Ayala Education, has invested $9.9 million (£6.3 million) for a 60% stake in the University of Nueva Caceres (UNC) in the Philippines.
31/07/2015
Private Equity firm Sovereign Capital has made an offer to buy teacher recruitment agency Synarbor PLC, EducationInvestor understands.
30/07/2015
Games-based learning business Zondle is to stay open after an eleventh hour intervention by an “anonymous donor”. ​
30/07/2015
Bridges Ventures has brought forward its sale of apprenticeships business Babington Group, EducationInvestor understands.
29/07/2015
The University of South Wales has closed its London campus after failing to enrol a single student.




Exporting Excellence



Features and analysis

When it comes to developing ed tech, students and teachers are our secret weapons, argues Jisc’s Martin Hamilton

New European Union data protection laws could cause headaches in the education sector. Kirsten Noben investigates

Profits at Tribal Group took a hit last year following the non-renewal of a major Ofsted contract. Can the firm make up the lost ground, asks Daniel Thomas

Dan Sandhu is betting big on the assessment market with his firm Digital Assess. Julian Hall meets the tech impresario to find out more

Several trends bode well for an active training deal environment in Europe in the second half, argues Martin Luen

M&A activity in the US education industry is hotter than ever. Kirsten Noben looks at what’s driving the trend and the subsectors getting most love

Social impact bonds offer an innovative way of channelling private investment into public services. But can the market’s limitations be overcome, asks Daniel Thomas

The government’s plan to double free childcare hours is in danger of derailing, finds Sunniva Davies-Rommetveit