Business Write Up on Tuition Fees Essay Example | Topics and Well Written Essays - 1250 words

Business Write Up on Tuition Fees - Essay Example The good news is that loans will be availed to cover the full cost incurred during the study with student not expected to repay these unless they secure jobs earning them at least 15,000 a year. Together with these there will be grants, bursaries and scholarships which will help them cover the cost of living. On meeting eligibility rules set for those undergraduates from the UK and EU, one can apply for a loan amounting to 3,000 which will cover fees for each academic year. However those who are financially stable are not expected to apply. Eligible UK students can also apply a non-refundable maintenance grant amounting to 2,700 a year, 300 bursary and other related forms of finance. Those studying in London and lives away are entitled to a maximum maintenance loan of up to 6,170 a year while those living with their parents will get a maximum of 3,415 a year as maintenance loan, a minimum of 4,630 a year and 2,560 a year respectively. Students with dependants will be eligible for more support which will be dictated by their disposable income, those with children can get an 85% childcare costs grant accompanied by up to 1,365 a year extra grant. An adult dependant will attract up to 2,400 a year extra grant. Lastly, the university is offering various scholarsh... Above all those students who still face financial difficulties even after receiving all the funding are encouraged to apply to the University's Access to Learning Fund for more assistance. Impacts to the students Benefits Students will acquire knowledge, skills and disposition that will enable them to participate at more or less effective members of groups and societies. Eligible students from United Kingdom and European Union will easily assess loans that will help them clear fees in each academic year For those students with dependants the university will consider them by issuing 85% childcare costs grant which will be accompanied by up to 1,365 annual extra grant. Those with adult dependants will receive a grant amounting to 2,400 a year. These will greatly assist this students hence making their learning smooth and uninterrupted by cases such as fees and dependant's upkeep Students will get modern and improved facilities from the university, this will include a well equipped library with necessary research materials They will receive well organised sporting activities that will attract regional and international competition thereby improving on their extra-curriculum activities. Disadvantages The new fee structure will lead to a reduced opportunity for students to join Westminster University This will lead to a considerable decrease on the number of students who will be applying to join the institution since most of them will shy away from the new fees. Students will experience inequality based on the admission system The total student debt will increase as a result of the fee increment Intelligent students from less well off families are exclude in the system hence denying them an opportunity to improve their situations in life as well as helping