Gaps in regulation over franchise university providers leaving funding unprotected, according to National Audit Office
Organised crime could be profiting from student loan fraud worth at least £60m at unregulated colleges in England because of lax oversight, according to a report by the National Audit Office.
The public spending watchdog said there has been “several instances of potential fraud and abuse” at private higher education providers, which offer courses leading to degrees awarded under franchise by mainstream universities as part of a commercial arrangement.
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