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UK: Fee-fixing not among problems for universities, OFT says

By  |  March 14, 2014

The Office of Fair Trading penned a report into universities and announce that while it had found issues with business practices, fee-fixing was not one of them.

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    Reports say the OFT found “significant gaps” in what is offered to students and various universities, including chances of finding a long-term job following graduation.

    While the regulator said there is a threat that universities are violating consumer protection laws by increasing the cost of courses in the middle of semesters, the regulator stopped short of accusing universities of fee-fixing, noting that there was no evidence found that schools conspired with each other to price courses at the highest-possible levels.

    The OFT said that the new Competition and Markets Authority, set to take over OFT operations next month, should conduct a full investigation into the matter.

    Full Content: Telegraph

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