Complex sentence: In 2004 it was announced that the project should be wound up as it was a failure having cost £50 m and only recruited 900 students thus been some of the most expensive degrees in history at £56,000 each.
Split into simpler sentences: In 2004 it was announced that the project should be wound up as it was a failure having cost £50 m and recruited only 900 students. These received some of the most expensive degrees in history at £56,000 each.