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The college is required to set aside a third of fee revenues from the extension courses as financial aid for low-income students.
The school will be subsidised, with the government paying two-thirds of fees and parents covering the remaining third, 3,000 Danish kroner a month (£344).
These private providers take more than a fifth of fees in profit and spend even more on marketing to cover up the poor quality of what they are offering – subprime degrees not worth the paper they are printed on being sold to very young, very gullible consumers.
The opportunity for the not-for-profit lies in the one-third of fees that normally would be profit.
In addition, they will explain that any university wanting to increase fees above £6,000 will have to show that it is giving places to those students, and then match the government funding and pay for their third year of fees.
Tambu paid back the first loans and then took out more — from the same five lenders, with a second round of fees — effectively extending the length of the first ones.
(As a third of student fees go toward scholarships, the poorest students may actually benefit from the proposed fee hikes, which would fall hardest on the middle class).
For a typical care home place that accounts for about a third of the fees.
Regions has struggled through the financial crisis and still gets a third of its fees and 14% of sales from overdraft.
The pilot program would require a third of the fees collected by districts to be set aside for financial aid, and the program would end in 2018.
Most new investors back the sector via funds-of-funds, which collect a second layer of fees.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com