History of University College London pass the Commons. A third bill was introduced in the Lords in February 1898 and finally passed both houses, despite a number of blocking amendments, receiving Royal Assent on 12 August. The University of London was reformed under the University of London Act 1898 to become a federal teaching university for London while retaining its position as an examining body for colleges outside of the capital. UCL became a school of the University "in all faculties". The philosopher and jurist Jeremy Bentham (1748–1832), advocate of Utilitarianism, is often credited with being one of the founders of the original 'University of
Jeremy Bentham role in its establishment. His direct involvement was limited to his buying a single £100 share in the new University, making him just one of over a thousand shareholders. Bentham and his ideas can nonetheless be seen as having inspired several of the actual founders of the University. He strongly believed that education should be more widely available, particularly to those who were not wealthy or who did not belong to the established church; in Bentham's time, membership of the Church of England and the capacity to bear considerable expenses were required of students entering the Universities of Oxford and