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Universities at risk of "mis-selling" courses.

Universities at risk of "mis-selling" courses.

Universities could be accused of "mis-selling" courses to teenagers who have little understanding of money matters, the public spending watchdog says.

National Audit Office head Amyas Morse said young people were taking out large loans to pay for tuition fees without much effective help or advice.

It compared the higher education market to financial products, highlighting how little regulation universities faced.

The government said its reforms were helping students make informed choices.

But the NAO report highlights that tighter rules apply to the sale of complex financial products than to universities offering courses that may well be more expensive.


Mr Morse said: "If this was a regulated financial market, we would be raising the question of mis-selling."

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