Private universities to undercut state universities

[shamen]

http://www.bbc.co.uk/news/education-14031620

Seems interesting to me.
Step1: Allow universities to put up fees, and watch them all 'compete' as to who is the best by most of them trying to claim maximum fees
Step2: Allow launch of private universities
Step3: Watch private universities undercut public universities and attract more students
Step4: Profit through the reduced costs overall

Or in real world language "how the govt intend to privatise the higher education sector by stealth"

*removes tin foil hat*

[CleverClogs]

Re: Private universities to undercut state universities

Are their "degree certificates" even worth the paper on which they are printed?

[shamen]

Re: Private universities to undercut state universities

Are their "degree certificates" even worth the paper on which they are printed?

They are official degrees, but as you say is that worth anything on paper? Time will tell. I would imagine that if the quality of the graduates they produce is high, then they probably are worth the paper.