Our universities are in a mess. Too many degrees lack intellectual quality and utility, and leave those doing them with little but disappointment and debt. Nor is the debt limited to students. Foreign student numbers, on which many institutions rely, are drastically down, and it is an open secret that three big names (Cardiff, York, and Goldsmiths) and at least three less prestigious institutions (notably Lincoln, Kingston, and Middlesex) are making cuts or haemorrhaging money.