Price Advantage in Britain Favors a For-Profit

BPP University College, Britain's only for-profit, degree-awarding institution, will have a price advantage over nonprofit competitors. Times Higher Education reported that BPP will charge £5,000 (about $8,000) a year for tuition, compared to the £9,000 (about $14,300) rates being set by most other universities, which are losing much of their government support. The British shifts in higher education policy also allow students to borrow up to £6,000 to attend for-profit institutions, so BPP students will have access to loans that are large enough to cover tuition.