Both Paul Gallon's victims suffered life-changing injuries, Newcastle Crown Court hears.
The school was set to shut in 2019 as part of a shake-up announced by the county council.
More details emerge of the alcohol-fuelled ceremony at Newcastle University after which Ed Farmer died.
PhD student Matthew Hedges is being held in solitary confinement in Dubai.
BBC's Panorama says a US private equity firm failed to provide better mortgage deals for customers.