Guardian article on NCH
Relevant to today’s news that Southampton Solent will be validating degrees offered at NCH from next year. There’s no mention of this arrangement on NCH’s website, surprisingly only reference to ‘our degrees’.
This Saturday’s Guardian featured a long article on New College of the Humanities.
It provided some information to supplement the recent analysis of the relevant accounts on here.
It suggests investment amounts to £9million ‘or so’ – I’d assessed it at £10m.
Recruitment for 2013/14 entry came to 65 students, raising the number of students to 121. I suspect this means that the confidence expressed in the accounts was misplaced:
“The directors are confident that the envisaged student intake in the financial year 2013 will more than cover the operating costs of the college and result in a profit being realised in the 2013 financial year.”
The Guardian expressed the same reservation: ‘there is no prospect of imminent profit’. Technically, as a non-profit distributing entity, the teaching college can only make surpluses which it must reinvest. Money moves out the college through the various fees it pays to…
View original post 195 more words