"Their surprise, shock and concern will be huge, and we shall work with them to ensure they have the widest range of options to continue their studies, either in the UK or elsewhere," he said.
Professor Gillies added that the university was "immensely disappointed" by the news, stating that it had done everything it could to demonstrate its fitness to continue educating overseas students since the UKBA suspended its highly trusted status six weeks ago.
Gillies denied the university was an "immigration threat". London Metropolitan had restored its reputation after a £36.5m fine in 2009 for over-inflating student numbers and was now "as diligent as any [institution] in the country" when it came to reporting enrolment data, checking foreign student attendance and meeting Home Office requirements on English language for higher learning.
The border agency's decision, which has not yet been formally announced but has been leaked to the Sunday Times, follows an audit of London Met earlier this month.
Its inspectors reportedly concluded that students were "continuing to study at [London Met] without valid leave [visas] despite the university having reassured us that this issue had been rectified".
They also found that the university had failed to report students who had secured study visas but had not turned up for courses, as well as shortcomings in the testing of English language skills and academic ability and records.
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