Bankruptcy should be a real option, argues think-tank

UK“Failing universities should be allowed to go bankrupt, an influential think-tank recommends in a report to be published this week. Policy Exchange, which advocates free-market and local solutions to public-policy questions and has close links to the Conservative Party, also says that private education providers should be allowed to take over failing institutions. The report, Sink or Swim? Facing up to Failing Universities by Anna Fazackerley, the think-tank’s head of education, points out that no university has ever gone bankrupt in Britain. ‘The current deeply embedded culture of shoring up struggling institutions as fast and as quietly as possible means that universities are unable to learn lessons from failure in other institutions,’ it says …” (more)

[Melanie Newman, Times Higher Education, 23 April]

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