I think the 5 year degree cap rule could be challenged in High Court as it is back dated i.e., including migrants who were here under old student rules.This rule came into force in April 2012 which make no sense what so ever in immigration rules where you apply a rule back dated.HSMP forum JR was a landmark ruling by High Court which says u can't change the rules retrospectively.
Also the spouse visa minimum income threshold case is also in court pending for a final decision .see
http://www.ukba.homeoffice.gov.uk/sitec ... ome-update
So I believe this 5 year degree cap rule can also be challenged on that basis in high court as a lot of tier 4 migrants are affected. Its only the matter of all students who are already affected or would be affected .......should get together,set up a fund,hire good lawyers and file a case in High Court.This is the only way forward or we all get refused one by one !!
I'm more than happy to coordinate an effort for everyone.
Thanks for reading !
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