Login

  • SU Directory
  • Trading
  • NUS Extra

News

NUS launch postgraduate funding proposals

No ratings yet. Log in to rate.

A major overhaul of funding for postgraduate taught students is being proposed today by the National Union of Students.

The proposed funding model would see government, business, professional and voluntary bodies work in partnership with institutions to provide students with income-contingent loans of at least £6000 to put towards the cost of study.

The 20-page document, Steps toward a fairer system of postgraduate funding in England, outlining the proposals provides a model which has been costed using the government’s own ‘ready reckoner’ used to calculate the losses to the Treasury on undergraduate student loans. The model is made up of three ‘streams’ of finance:

  • Access to the professions, designed for government to work with professional bodies to provide loans to those with the greatest need to encourage diversity to the professions.
  • Part-time professional development, with student loans part-funded by employers for those wishing to study any kind of postgraduate qualification part-time alongside employment.
  • General masters study, where a discrete number of government-backed loans will be available for full-time or part-time masters study

In the wake of reports from Alan Milburn and the Higher Education Commission calling for government to provide greater access to postgraduate funding for students, NUS are confident that their model will be taken very seriously. 

NUS Vice President for Higher Education, Rachel Wenstone, is calling on the government to consider the clear benefits of a loan scheme, asking them to take into account the vast contribution that the postgraduate sector to the economy and society as a whole:

‘The current system is grossly unfair. Our proposals are a first step towards making postgraduate education accessible, and based on merit rather than on wealth. In the long term, PGT should be properly funded by the government, who need to recognise the public value of the sector. They need to realise that funding postgraduate education will lead to growth, innovation and a fairer society’

Luke James, NUS officer for postgraduate taught students, has referred to the plans as a ‘huge step towards fair access and widening participation in postgraduate education’, and supports the piloting of similar schemes in Wales and Scotland. But Luke also warns that a loan scheme would be useless without assurances from government that direct public funding of postgraduate study will not continue to be cut.

As well as calling for the continuation of public funding via the block grant for PGT courses, the proposals also suggest measures should be taken to prevent further above-inflation rises in fees. As Luke explains:

‘We need a reasonable cap on fees that allows leeway for universities to cover their costs and have financial security, whilst not allowing students to be overcharged and laden with obscene debts’.

You can download a full copy of the document here.

A summary of the NUS proposals can also be found here.

Comments

Please login to comment.

No comments have been made.
 
Some features of this site - including article viewing - require javascript enabled.
You must be logged in to view this article - Login now

Share

Latest in campaigns

Last chance to #Jointhevote!

Sign up now to register your neighbourhood to vote!

 
Our Environment, Our Future

We're looking for external partners to co-author a bid for £30 million to help young people engage with their local environment.

 
Transnational Education Report Launched

We are pleased to announce the launch of our new report Transnational Education: The challenges of partnership and representation in a global context.

 
NUS responds to private rented sector review in England

Find out how NUS responded on your behalf to the Department of Communities and Local Government's review of property conditions in the private rented sector in England.

 
#WelfareWin - Aber SU secure regular train service
Laura Dickens

Find out how Aberystwyth Students' Union worked with others to secure hourly trains at peak times.

 
#JoinTheVote

Are you registered to vote in the elections on 22nd May? Are your neighbours?

 
 

Latest news

Colum McGuire has been re-elected vice president for welfare of NUS.

National Conference 2014 vote sees Colum McGuire re-elected in Liverpool.

 
Joe Vinson has been re-elected vice president for further education of NUS

National Conference 2014 in Liverpool votes for Joe Vinson.

 
Piers Telemacque elected as NUS vice president of society and citizenship

National Conference 2014 chooses Piers Telemacque in election in Liverpool

 
Raechel Mattey re-elected as NUS vice president of union development

Delegates at National Conference 2014 in Liverpool vote for Raechel Mattey to retain post.

 
Megan Dunn elected vice president for higher education of NUS

Megan Dunn wins close election at National Conference 2014 in Liverpool

 
Popping the question: surveying student engagement

Kate Little explores the pros and cons of student engagement surveys.

 
 

Most Read

Trending/Most Shared articles

 

Recent Comments