To all readers of this blog:
May the Peace of the Christmas Season remain with you all year
THE POND FAMILY CRIB |
Best wishes for a reflective 2018
Musings and rants from an experienced University Academic. The opinions are my own and in no way connected to any of the Higher Education bodies I work for or represent. No Universities were harmed in the writing of this blog.
PICTURE BY MOUSE GRAPHICS AT FREEDIGITALIMAGES.COM |
PICTURE BY STUART MILES AT FREEDIGITALPHOTOS.NET |
GBS circa 1915, via Wikimedia Commons |
I KNOW ITS A GLASS OF SCOTCH BUT AT LEAST I OWN THE COPYRIGHT |
Factor
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How do students fare?
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Character
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Some students are excellent, trustworthy, pillars of their student community who work and play hard and achieve their potential. Some are not. How to tell the difference? "A" Level grades? Motivational statement? Interviews? No wonder most Universities choose the easy route.
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Ability
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Here Ability means the skill and resources to carry out the project for which the funds are lent…and some students just do not have it. But before Universities find this out students are already in more debt than their granny would approve of – and with no graduate job in sight, little means to repay.
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Means
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Hmmm. Just what do students contribute, financially to their fees and University accommodation rent? On offer is a 100% loan with up to 30 years to repay (remember Northern Rock anyone?). OK so a student’s future is at stake, they give their time and energy, skill and parents support.
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Purpose
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At last – we have a very worthy purpose. The education of the population. Not just the young but also those 50 somethings that never went to University and want to see if their brain still works (it does, be assured). So, some purposes are more worthy and better risks in an investment sense than others.
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Amount
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Take the undergraduate degree fee. This may have started at £9,000 in your first year but then went up to £9,250 in your second, thanks to the TEF Gold that your University gained. Who knows what your “year out” fee will be or your final year. So, at the outset, we really do not know the amount of the basic loan, let alone the maintenance loan/grant you can receive.
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Repayment
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Ahh….At last, there is a formula. If your name has a “Z” in it and your mother was Ukrainian then your repayments are scheduled to start 12 months after graduation as long as your salary (note, not disposable income – so tough luck if your job is in London) exceeds a certain amount that will be the average of what each political party promised at their last party conference.
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Insurance
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Haha! What possible collateral, guarantee or security could there be? Unlike some places, there isn’t even a military service obligation to combat the moral hazard risk. Also – go and hide in New Zealand and the bet may be called off after a while.
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PICTURE BY WISAAD AT FREEDIGITALPHOTOS.NET |
SCREEN GRAB FROM https://www.differ.chat/ |
PICTURE BY STUART MILES AT FREEDIGITALPHOTOS.NET |
Picture by Becris at freedigitalphotos.net |
VIEW FROM LIECHTENSTEIN UNIVERSITY, PICTURE BY BOB'S NEPHEW |
Picture by Sira Anamwong at Freedigitalphotos.net |
BI CAMPUS AT NYDALEN, OSLO. PICTURE BY BOBS NEPHEW |
I am indebted to Karine Le Joly (HEC Paris) for this construct - although the diagram and any misinterpretation is mine |
Pictue by Bill Longshaw at freedigitalphotos.net |
Picture by RoyaltyFree Corbis |
Writers (1895) by Python, M (YOUTUBE LINK) |
Picture by: EyeSerene Original: Richard Harvey |
PICTURE BY SIRA ANAMWONG AT FREEDIGITALPHOTOS.NET |
PICTURE BY VECTOROLIE AT FREEDIGITALPHOTOS.NET |
PICTURE BY AECHAN AT FREEDIGITALPHOTOS.NET |
PICTURES FROM KHUNASPIX AND TWOBEE AT FREEDIGITALIMAGES.NET |
MY MUM WOULDN'T LET ME STAY UP TO WATCH THIS LIVE |
PICTURE BY STUART MILES AT FREEDIGITALPHOTOS.NET |
Picture from stockimages atfreedigitalphotos.net |
PICTURE BY MATT BANKS AT FREEDIGITALPHOTOS.NET |
for the many, paid for by the few? |
THE HORSE DESIGNED BY A COMMITTEE. WORD CLOUD FROM WORDART.COM |
Picture by Boykung at Freedigitalphotos.net |
WOULD I WANT TO LIVE TO BE 100? |
PICTURE BY AMBRO AT FREEDIGITALPHOTOS.NET |
Image by Dr Joseph Valks at Freedigitalphotos.net |
Image courtesy of radnatt at FreeDigitalPhotos.net |
Image courtesy of Ben Schonewille at FreeDigitalPhotos.net |