Current Tonight | November 23, 2009 | 4 comments

London university accused of £36m student scam

source: http://www.independent.co.uk/news/education/education-news/university-accused--of-16336m-stu...

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The London Metropolitan university has been order to pay back a whopping £36.5 million in funding that it wrongly claimed, after a scathing report found the institution had misused public money.

According to two reports, one from Sir David Melville, former vice-chancellor of Kent and Middlesex universities, and the other from Deloitte, the accountancy firm, London Met hadn't properly kept track of students at the uni or check they were sitting their exams at the end of the year, as expected.

As a result, they continued to claim tens of millions in funding from the Government, on the basis of an artificially low drop-out rate, getting funding for far more students than were attending the university.

The uni's governors have been given six days to "consider their positions" after a damning report found the institution had misused public money. The Independent reports that hundreds of staff lower down the chain will lose their jobs as the university tries to find the £36.5 million.

http://www.independent.co.uk/news/education/education-news/university-accused--o...
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4 comments // London university accused of £36m student scam

  • Mr_Blue_
    • 0
      Mr_Blue_  

    • This doesn’t surprise me one bit. If you look at other university institutions in the UK you will probably find all sorts of financial irregularities. The problem with these institutions is that they are run like business, but when they make an error they play the ‘dumb’ card. Its disgusting if a business had forgotten to make simple checks and claimed millions of extra money from the tax payers, the government would cut there funding immediately and the directors would face prosecutions.

      Universities do think they are above and better than most organisations. Most lectures have not worked in the real world for any considerable length of time. So they do not have a clue of real consequences. Obviously this is a broad statement, but if you look closely and take a survey of most of the universities you will notice that most lectures have gone through there degree, masters, then been researchers and then landed a lectures role.
      There needs to be ‘superuniversities’ small cities should only have one university this would enable resources to be spent better!

    • 2 years ago
  • smurph25
  • CarolineS
  • etienna
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