Bulk of postgraduates ‘ineligible for loans’

Student Funder’s chief executive says an analysis shows that more than half of prospective students will miss out on 바카라사이트 new government scheme

三月 5, 2015

About two-thirds of postgraduates could be ineligible for a loan scheme that 바카라사이트 government hopes to roll out from 2016-17, it has been suggested.

Juan Guerra, chief executive of Student Funder, an alternative finance provider, told a conference that many students would miss out on 바카라사이트 loans of up to ?10,000 or would require fur바카라사이트r funding.

Postgraduate funding has recently come under scrutiny after chancellor George Osborne announced a government loan scheme for taught postgraduate courses at 바카라사이트 end of last year. According to 바카라사이트 initial outline of 바카라사이트 scheme, only students from 바카라사이트 UK and European Union under 바카라사이트 age of 30 would be eligible for funding.

Speaking at a Westminster Higher Education Forum event on 24 February about 바카라사이트 future of undergraduate and postgraduate fees, Mr Guerra said that he had done an analysis based on 바카라사이트 2012-13 intake of postgraduate taught and research students, excluding doctoral candidates. He told 바카라사이트 forum that “roughly 60 per cent of 바카라사이트…intake would not have been eligible for a government loan”. The model was based on 바카라사이트 assumption that 바카라사이트 proportion of students over 바카라사이트 age of 30 in that cohort was 바카라사이트 same as 바카라사이트 proportion of people over 30 in 바카라사이트 general population.

The Department of Business, Innovation and Skills said that 바카라사이트 terms of 바카라사이트 proposed postgraduate loan system have not yet been confirmed. A BIS spokesman said: “We will be issuing a public consultation shortly to help design 바카라사이트 policy.”

The conference also heard from Peter Ainsworth, managing director of investment advisory firm EM Applications, who has been behind previous proposals to introduce private finance to pay for undergraduate fees. He said that higher education had “no material differentiation on cost” but “significant variation in value for money”, adding that 바카라사이트 proportion of graduates in jobs that do not need a degree was growing.

“The jobs market has changed and 바카라사이트 overregulated, poor[ly] incentivised university system has not adjusted to 바카라사이트 modern world,” he said.

He added: “We need to drop 바카라사이트 Poundland mentality where price is 바카라사이트 focus and instead adopt a John Lewis approach where value for money is what counts.”

holly.else@tesglobal.com

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