Showing posts with label education. writing. Show all posts
Showing posts with label education. writing. Show all posts

Wednesday, 22 February 2012

London Metropolitan University faces £6m over-recruitment fine

A London university is facing a fine of just under £6m for over-recruiting UK undergraduates this year.

London Metropolitan University says it recruited 1,500 more students than it should have done, partly because of the rush for places last summer.

It received a letter from England's higher education funding body Hefce this week saying it would be fined £5.9m.

That is more than twice the highest fine imposed last year.

The magazine Times Higher Education is reporting that some believe as many as 25,000 students will have been over-recruited in this way, meaning there could be record fines this year.

Universities in England have to pay roughly £3,700 for each student they take above a set number they have been told they can take.

Last year Hefce imposed fines of just over £8.5m in total.

The largest (£2.2m) was against South Bank University, also in London.

This year's fines will be published by Hefce at the end of March.
'Take it on the chin'

London Metropolitan's Vice Chancellor Malcolm Gillies wrote to staff this week to explain what had happened.

He said London Met was one of "many" English universities which had unintentionally over-recruited during a rush for places ahead of the increase in tuition fees for many students in the UK.

The university had been seeking to fill up half of its places through Clearing - the system which matches vacant university places to applicants who generally either apply late or do not get the grades they need for their first choices.

Prof Gillies said: "Because of the volatility of admissions in 2011-12 during Clearing, many English universities unintentionally over-recruited.

"Universities have an obligation to accept students in particular categories. We have always been a big university for Clearing and we are proud of that, of giving an opportunity to students," he told the BBC News website.

"There was a large rush through the gate at the last minute. But we greatly exceeded our number so we have to take it on the chin and recognise that we have an obligation to reach our target and we will have to revise our system."

Prof Gillies said that because the university would receive tuition fees [more than £3,000 a year this academic year] from the extra students it had taken on, this would offset much of the fine.

The net cost of taking on the students would be £700,000 he said.

The government has said over-recruitment is putting extra unexpected pressure on its finances, because of the cost of supporting students with tuition fee loans and bursaries.
UK picture

From this autumn, students from England attending universities in any part of the UK will pay tuition fees up to a maximum of £9,000 a year.

The government has been encouraging universities to charge fees of less than £7,500 by offering extra places to those which do.

Fees at London Met range from £4,500 to £9,000 a year, with an average of £6,850.

Students from Scotland who study at universities in other parts of the UK will also pay fees at this level, although Scottish students who stay in Scotland will continue to pay no fees.

Students from Wales will be subsidised by the Welsh government wherever they study in the UK and will pay no more than the present level of fees.

Fees for students from Northern Ireland who stay there to study are being frozen at present levels, but those who study in other parts of the UK will pay fees of up to £9,000 a year.

Monday, 20 February 2012

Education Divisions Boost McGraw-Hill and Pearson Earnings

Two of the biggest players in education publishing had good news to report in their most recent earnings filings, even though McGraw-Hill (MHP) supplied more tangible information than its U.K.-based competitor, Pearson (PSO).

McGraw-Hill Sees Strong Gains in Education Division

For its third quarter, McGraw-Hill's profit rose to $380 million, or $1.23 a share, from $336 million, or $1.07 a share in the year-earlier period -- a 15% increase from the same time last year and way above analysts' expectations of $1.10 EPS. Total revenue grew by 5.5% to $1.98 billion, also beating analysts' projections for the company.

On the education side, revenue jumped 5.5% to $1.1 billion while operating profit grew 19.9% to $357.5 million. That took into account a $3.8 million pre-tax gain on the divestiture of a secondary school business in Australia, while foreign exchange had negligible impact this quarter, a far cry from previous earnings periods.

Looking at specific education segments, revenue for the School Education Group increased by 6.7% to $534.7 million compared to the same time last year, while the higher education side went up 4.3% to $520.0 million. The School Education Group is now on track to capture 30% of the estimated $825 million to $875 million state new adoption market in 2010, owing in large part to substantial orders from the adoption states with the biggest student enrollments, such as Texas, California, and Florida.

Good news also came from the Standard & Poor's side, as that division's revenue increased 9.5% to $697.4 million compared to 12 months ago. The biggest reason? High-yield debt issuance.

As for information and media, Q3 revenue declined by 4.7% to $227.8 million compared to the same period last year, but it would have increased 5.1% if not for lingering residue from the sale of BusinessWeek to Bloomberg. Operating profit for this division also increased by 55.1% to $45.8 million in the third quarter.

In a statement, Chairman, CEO and President Harold McGraw III attributed the earnings jump to a slew of factors, including "surging global high-yield issuance in the bond market, a solid gain at S&P Indices, increases in U.S. elementary-high school and higher education in the seasonally most important quarter of the year, double-digit increases in the sales of digital products and services in higher education and professional markets, and global growth in energy information products."

Looking ahead, the company is bumping up its guidance, now anticipating earnings per share somewhere between $2.60 and $2.65, even with a one-time gain of 2 cents EPS from recent acquisitions.

Pearson Finds Success in Move to Global Learning Technology

As for Pearson, its nine-month trading report was thin on numbers and long on percentage-driven positive news. Overall, the company increased sales by 7% and adjusted operating profit 15% in the first nine months of 2010. Its trade book publishing arm, Penguin, saw revenue grow 5% compared to last year, and the education side increased 7% from 12 months ago. That piece of news caused Pearson to remark that it continues "to accelerate our transformation from book publisher to the leading global learning technology and services company through organic investment and bolt-on acquisitions."

An 11% jump in revenue for the Financial Times came about because of "strong demand for its print and digital content," increased M&A activity and sustained advertising growth. For Penguin, Pearson noted that "physical retail markets are tough," but they were offset "by strong publishing and rapid growth in eBook sales" for 16,500 titles currently available. Industry newsletter Publishers Lunch ran the numbers, and for e-books that means "if Penguin ebooks went from 8.5% of U.S. sales after two quarters to 10% of U.S. sales in the third quarter, that would comprise revenue of approximately $4 million."

In other words, as is the case for almost all big publishers right now, e-books are growing, but the story is still small potatoes compared to larger sectors like education -- and print publishing as a whole.

This post has been edited to correct various figures. The original numbers cited for Standard & Poor's revenue referred to the Credit Market Services Division, while the overall operating profit grew 19.9%, not 9.9% as originally cited. 

Thursday, 16 February 2012

British firms eye Oman's health, education sectors

Chamber of Commerce and Industry (OCCI) as well as Oman Centre for Investment Promotion and Export Development (OCIPED) and firms from the oil and gas sector.

With London and the UK's south east region contributing the majority of the UK's £500mn trade with Oman, the region is looking to consolidate Britain's place as the No 1 investor in Oman, said Dermot Shean, trade adviser with UK Trade and Investment South East.

Although retaining its traditional focus on the defence and oil and gas sectors, Shean told Muscat Daily that UK companies are looking at expanding into a range of other sectors including ports, infrastructure, healthcare and education.

Throughout the visit, the delegation held a series of one-on-one meetings with Omani counterparts at the OCCI as well as visits to a host of government departments, from which many delegates left with genuine interest, said UK Trade and Investment international trade adviser Carolyn Bentley.

"After the meeting at the OCCI, where each company had a table, some of them made some very useful contacts and are going on to further meetings this week while they are here."

Thursday, 9 February 2012

Latest parliamentary news on education

Schools, access to higher education and support for students has been debated on several occasions in Parliament recently. Find all the latest information on the Education Bill and other parliamentary material.

Education Bill

The Government's Education Bill was introduced into the House of Commons on 26 January 2011.The Bill seeks to implement the legislative proposals in the Department for Education’s schools White Paper, 'The Importance of Teaching' and measures from the Department for Business, Innovation and Skills relating to skills and the reform of higher education funding.

The Bill had its second reading on 8 February 2011 and is currently being considered by a Public Bill Committee.

    Commons news: Second reading of Education Bill
    Department for Education: Schools White Paper 'The importance of teaching'

Keep up to date with all the proceedings and documents on the Education Bill. Also find out how a Bill becomes an of Parliament.

    Bills before Parliament 2010-12: Education Bill
    About Parliament: Passage of a Bill

Academies Bill [HL]

The Government's Academies Bill was introduced into the House of Lords on 26 May 2010. The Bill completed all its stages in the House of Lords and was then sent to the House of Commons for consideration.

The Bill received Royal Assent on 27 July 2010. The Academies Act 2010 enables more schools in England to become Academies.

    Bills before Parliament 2010-12: Academies Bill [HL]
    Lords news: Academies Bill receives second reading (7 June 2010)
    Lords news: Academies Bill committee stage: day one (21 June 2010)
    Lords news: Academies Bill committee stage: day two and three (23 and 28 June 2010)
    Lords news: Academies Bill report stage (6 and 8 July 2010)
    Lords news: Academies Bill receives third reading (13 July 2010)
    Commons news: Second reading of Academies Bill (16 July 2010)
    Commons news: Committee stage and third reading of the Academies Bill (21, 22 and 26 July 2010)

House of Commons Library analysis

The House of Commons Library regularly produce briefing papers which inform MPs about key issues. The Library has published a number of briefing papers on the Education Bill and higher education.

    Commons Library Research Paper: Education Bill (PDF 837 KB)
    Commons Library Research Paper: Academies Bill [HL] (PDF 563KB)
    Commons Library briefing paper: Changes to higher education funding and student support from 2012/13 (PDF 347KB)
    Commons Library briefing paper: Entrants to higher education (PDF 249KB)
    Commons Library briefing paper: Higher education finance statistics (PDF 146KB)

Tuesday, 7 February 2012

Reading University's Mr Impeccable

It is surprising to learn that Sir David Bell is still only 52. He has been chief education officer of Newcastle, chief executive of Bedfordshire county council, head of Ofsted and, most recently, permanent secretary at the Department for Education. Now he is vice-chancellor of the University of Reading and can, as he puts it, "call 'house!' on the bingo card of educational jobs", which isn't bad for a man who started as a primary school teacher in his native Glasgow. He got most of his jobs at ridiculously early ages: a deputy headship at 26, a headship at 29, chief executive at 36. He doesn't think he's Reading's youngest vice-chancellor, but he must be the first who trained as a primary teacher.

If you ask how he got these jobs, people will say it's because he's good at running things. They can quote, for example, from a "capability review" on the education department carried out by the Cabinet Office during Bell's tenure: he was "visible, decisive, engaging and inspiring". Or Ofsted's verdict on Newcastle in 1999: that a "remarkable improvement" in its performance "to a large extent results from" Bell's appointment four years previously. He did so well as permanent secretary that he was at one stage tipped for cabinet secretary.

But other people are good at running things, and even Bell has mishaps. At the education department, for example, he accepted a measure of responsibility when Michael Gove, the secretary of state, left himself open to legal challenge over axeing school building projects and, on his watch at Ofsted, the inspectorate was berated for issuing a number of flawed reports.

So perhaps it is Bell's authoritative manner that has taken him so far. Everything he says sounds balanced and measured – "I am extreme in my moderation," he explains – and the certainty and confidence probably derive (though he is no longer a churchgoer himself) from his Scottish Protestant background. Estelle Morris, a former Labour education secretary, describes him as "one of the calmest men I've ever met".

The manners are impeccable. In his office at Reading, with its panoramic views over the university's Whiteknights Park, he greets me with the firmest of handshakes, warmly recalls our previous encounters, introduces me to his personal assistants, and regularly drops my Christian name into his answers. You admire the smooth functioning as you might admire a Rolls-Royce. I learn from the university's communications officer that, while undergraduate applications for next autumn are down 7% generally, Reading's are up 10%. This cannot have anything to do with Bell, who has been in post just four weeks, but you can't help feeling that, when he appears on the scene, things inevitably go well.

At Ofsted, he was often sharply outspoken, criticising the Labour government for turning down the Tomlinson report's recommendation to scrap A-levels and GCSEs and lamenting the effects of "the target culture" on schools. Permanent secretaries, however, aren't allowed to express controversial opinions in public, even after they've left the job. So reports of tensions between him and Gove have never been publicly confirmed. Bell has always been described as "close to New Labour", though nobody would ever be rude enough to call him a crony. When he left the education department at Christmas, newspapers reported "a difficult relationship" with Gove. "Here's a knighthood, good references, off you go," was one account of his departure.

Bell is having none of it. "I never had a difficult relationship. I told the secretary of state in the summer of 2010 that I didn't expect to do a full parliament, and expected to be away around the end of 2011. That's exactly what happened."

He has no quarrel with either free schools or Gove's rapid expansion of academies. "I have always believed that if you maximise the independence of schools you have a better chance of securing progress. Academies are not a huge step from local management of schools. They are a logical continuation of policies to increase levels of school autonomy." Pushing the Academies Act through parliament as soon as he came to office was "a brilliant decision" by Gove. Free schools are "a good addition to the system" that "will have a galvanising effect". As for suggestions that the creation of these schools, outside the local authority system and wholly dependent on Whitehall, amounts to a power-grab, "that's a caricature – the secretary of state won't be taking every micro-decision about schools from Cornwall to Cumbria". Gove's reforms haven't caused the same "brouhaha" as the health reforms, Bell points out. "That's because they haven't been imposed systemwide. It's not been a top-down reform in which every school has to become an academy."Education's ex-top civil servant 'never had a difficult relationship' with Michael Gove, he says. And in fact, when he speaks, his phraseology sounds eerily similar to that of the secretary of state, says Peter Wilby


NEWS BY:http://www.guardian.co.uk/education/2012/feb/06/david-bell-interview