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He also said paying retail prices to buy products for quality assurance made "zero financial sense".
The club said that it was operating with zero financial debt for the first time, having paid off all remaining borrowings.
Mr. Cerf's relationship with the company, now called EdisonLearning, first made headlines in February 2007, when he assured a citywide parents' group that he had "zero" financial interest in Edison.
The president of the National Union of Students, Megan Dunn, thinks the UUK's call is only more proof of a "failing" funding system and said: "The Treasury is approaching the point at which it will get zero financial reward from the tripling of tuition fees".
The proportion of graduates failing to pay back student loans is increasing at such a rate that the Treasury is approaching the point at which it will get zero financial reward from the government's policy of tripling tuition fees to £9,000 a year.
The Guardian revealed on Friday that the proportion of graduates failing to pay back student loans is increasing at such a rate that the Treasury is approaching the point at which it will get zero financial reward from the government's policy of tripling tuition fees to £9,000 a year.
Similar(41)
Those three include two financial guaranty firms, Ambac and MBIA, and one mortgage lender, Countrywide Financial.
His father owns two financial Web sites.
He retained a lawyer and two financial advisers.
Italy's reforms do not merge its five financial regulators into one.
Thus a growing number of cutting-edge models incorporate one or two financial frictions.
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