August 4th 2011

Year 12 Student Quizzes University of Essex Pro-Vice Chancellor on 2012 Tuition Fees

Colchester student Ella Passingham seized the chance to find out more about the changes to university tuition fees when she interviewed the Pro-Vice-Chancellor of the University of Essex. Ella, 17, a pupil at Colchester County High School for Girls, hopes to study history at University in 2012 after completing her A levels, and will be in the first group of students facing tuition fees of up to £9000. The University made the recording as part of its work to explain the new student finance system to sixth form students. The University has also distributed a special postcard with details of the 2012 fees and new student support packages to schools and colleges in Essex, Suffolk and east London. Essex, along with most research intensive universities, has announced a proposed tuition fee of £9000 for all undergraduate courses from 2012, although this is subject to the approval of the Office for Fair Access (OFFA). Essex is ranked in the top ten universities in the UK for the quality of its research. All universities proposing fees of more than £6000 are required to produce an Access Agreement demonstrating how they will ensure fair access for all students regardless of household income. Proposed fees and Access Agreements are subject to the approval of the Office for Fair Access (OFFA), with confirmation expected in July. To see more information about the new student finance system, visit www.essex.ac.uk

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    July 27th 2010

    Student Loan Scandals

    EVENT ORIGINALLY BROADCAST: September 18, 2006 Within the next two weeks, the US Department of Educations Inspector General is expected to release an audit of the Nelnet Corporation, a major student loan provider, recommending that it be ordered to repay hundreds millions of dollars in taxpayer subsidy payments to the US Treasury and halt additional, future subsidy billings estimated to exceed .3 billion. At issue are subsidy payments guaranteeing Nelnet and other student loan companies a 9.5 percent rate of return for student loans originally issued at interest rates as low as 3.5 percent. Congress thought it got rid of the 9.5 percent guarantee in 1993, but due to a legislative loophole and lax federal oversight, the subsidy continued and grew exponentially over the last several years. At this New America event, the Bush Administration whistleblower who originally reported the 9.5 percent loan scandal to Congress and the media told his side of the story in his first-ever public appearance. In addition, Raza Khan, President and Co-Founder of student loan provider MyRichUncle, discussed additional taxpayer subsidies in the federal student loan program and how lenders use the extra money in ways that might or might not be in the best interests of students and families. Doug Lederman, editor of Inside Higher Ed, responded to the remarks of both speakers. www.newamerica.net

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