BPP University College, which offers courses in law, accountancy, business and finance, said it would offer three-year degrees for ?5,000 a year and two-year degrees for ?6,000 a year, with its programmes available in six centres across England.

That means the private provider, which will face no restrictions on the number of students it can recruit in 2012-13, will have a lower headline fee than all state-funded institutions bar The Open University, which is charging ?5,000.

BPP students will be able to draw on taxpayer-backed loans to cover the tuition costs. The government announced earlier this year that those studying with eligible private providers in 2012-13 would be able to draw on loans of up to ?6,000 a year.

However, arrangements for 2013-14 and beyond ¨C when private providers are likely to face the same student number controls as public universities ¨C have yet to be finalised.

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BPP¡¯s undergraduate fees for 2012-13 still represent an increase on their basic charge for 2011-12 of ?3,225. International students will be charged ?7,000 a year for three-year degrees and ?10,500 for two-year programmes in 2012-13.

Carl Lygo, BPP¡¯s chief executive, said the institution had a mission to ¡°challenge the educational status quo¡± and had designed the courses so that students could graduate with a ¡°practical head start in their chosen careers without a mountain of debt¡±.

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¡°Universities have been forced, many for the first time, to make some tough decisions in order to compete in a changing and challenging environment,¡± he said. ¡°At the heart of this is the student, who deserves value for money and the chance to improve their employability prospects. As a sector, we mustn¡¯t lose sight of this.¡±

The company said a new ¡°career and employability benefits package¡± would be built into the undergraduate degrees, which will be available at centres in Birmingham, Bristol, Leeds, London, Swindon and Manchester.

simon.baker@tsleducation.com