Rebranding the Isle of Man College will reflect its new 'modern status' and 'role in the economy'.
From April 1st it will be known as University College Isle of Man and will will look to increase the number of higher education courses on offer.
It's hoped this will keep more young people on the Island rather than losing them to the UK to do their degree.
Professor Ronald Barr is the chief executive for the Department of Education and Children - he says UCM will be cheaper for families and the government:
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