The shadow economy behind the international student boom
A lucrative revenue stream for universities has led to an industry of unregulated agents now under scrutiny for making lofty promises
A lucrative revenue stream for universities has led to an industry of unregulated agents now under scrutiny for making lofty promises

Higher levies on endowment income will more than offset an increase in investment returns

Rather than financial alchemy, such deals involve mispricing, reduced capital buffers and hidden risks

Money is just one reason why graduates are drawn to finance, management consulting and corporate law

Changes to student loans have, in effect, privatised undergraduate teaching in England

Governments should build on, not rip up, what went before — the new skills strategy does just that

Economists and tax collectors might be underestimating its impact