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CHAPTER 9 FINANCIAL SITUATION
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Financial Situation 67
CHAPTER 9
FINANCIAL
SITUATION
The financial situation of part-time students differs considerably from that of full-
time students and so the two groups are considered separately for much of this
section.
PAYMENT OF FEES
Funding from self/ partner/ parents and/or their LEA is the way most respondents
pay their fees (Figure 9.1).
Self/ partner/ parental funding is the main method of funding for part-time
respondents with 58% funded this way, compared to 36% of full-time
respondents. Over half (54%) the part-time undergraduates and just under two-
thirds (65%) of part-time postgraduates are funded this way (Figure 9.1).
Employers paid fees for a over a quarter (26%) of part-time students and 3% of
full-time students. Just over a third (34%) of part-time postgraduate respondents
and a fifth (20%) of part-time undergraduates were funded by their employer.
Nearly half (44%) the part-time undergraduates in East London Business
School got funding from their employer. Only a small proportion of respondents
(3.5%) are funded by a UEL bursary or scholarship. Of full-time undergraduate
respondents in Health & Bioscience, 9% are funded by a UEL bursary or
scholarship (Figures 9.1, 9.2 and 9.3).
Over half (57%) the full-time respondents are funded by their LEA, compared to
17% of part-time respondents. About half (53%) the part-time combined honours
students were funded by their LEA. An external bursary or scholarship was the
funding for a small proportion of respondents (5%), although over a quarter
(27%) of full-time respondents in Health & Bioscience received this type of
support (Figures 9.1, 9.2 and 9.3).
Centre for Research and Evaluation UEL Student Experience
68 Financial Situation
Figure 9.1: Payment of fees, by mode of study and level of study*
Full-time Part-time
Who pays your fees Foundation Undergrad Postgrad Total Foundation Undergrad Postgrad Total
Yourself/partner/parents 28.0 36.6 35.7 36.3 20.0 53.6 65.4 57.8
Your employer 4.0 1.3 14.3 2.6 50.0 20.2 33.5 26.4
UEL bursary/scholarship 0.0 2.9 12.2 3.7 0.0 4.8 0.0 2.7
LEA 68.0 59.0 34.7 57.0 20.0 27.0 3.8 17.2
External
0.0 6.4 7.1 6.3 0.0 1.2 3.8 2.3
bursary/scholarship
Other 0.0 3.9 6.1 4.0 10.0 3.6 4.3 4.1
*Each number is the percentage of students within that level of study, or overall, who use that student service.
Figure 9.2: Full-time undergraduate respondents payment of fees, combined honours and
by school*
Com School
Who pays your fees Hon AVA C&T C&IS E&CS ELBS H&B Law Psy SS
Yourself/partner/parents 28.8 51.4 40.0 39.2 26.2 33.7 18.7 43.3 45.7 34.2
Your employer 0.0 0.0 1.9 0.0 2.5 4.7 4.8 0.0 6.7 3.9
UEL bursary/scholarship 0.0 1.4 1.9 1.1 6.6 2.3 9.0 3.0 1.9 5.3
LEA 74.0 55.6 60.0 65.1 70.5 62.8 41.0 56.7 42.9 61.8
External bursary/scholarship 0.0 0.0 2.9 2.7 3.3 0.0 27.1 0.0 3.8 7.9
Other 2.7 0.7 1.9 3.2 3.3 1.2 12.0 3.0 4.8 1.3
*Each number is the percentage of students within the school who have their fees paid in that way wholly or partially.
Figure 9.3: Part-time undergraduate respondents payment of fees, combined honours and
by school*
Com School
Who pays your fees Hon AVA C&T C&IS E&CS ELBS H&B Law Psy SS
Yourself/partner/parents 60.0 80.0 44.7 58.5 42.3 57.6 54.3 71.4 68.0 45.5
Your employer 6.7 5.0 40.4 14.6 34.6 44.1 34.3 7.1 20.4 25.0
UEL bursary/scholarship 6.7 0.0 2.1 2.4 5.8 1.7 0.0 7.1 1.9 2.3
LEA 53.3 15.0 10.6 29.3 26.9 10.2 14.3 21.4 10.7 25.0
External bursary/scholarship 0.0 0.0 0.0 0.0 3.8 1.7 2.9 0.0 1.9 9.1
Other 0.0 10.0 4.3 4.9 3.8 3.4 8.6 0.0 1.9 6.8
*Each number is the percentage of students within the school who have their fees paid in that way wholly or partially.
Centre for Research and Evaluation UEL Student Experience
Financial Situation 69
EMPLOYMENT STATUS
Of full-time respondents nearly half (46%) are employed part-time, over a
quarter (27%) have no paid employment and 12% are employed full-time. Half
(50%) the part-time respondents are employed full-time, over a quarter (28%)
are employed part-time and 10% have no paid employment (Figure 9.4).
There is some variation in work across school, 19% of full-time undergraduates in
Computing & Technology are not employed compared to 37% of full-time
undergraduates in Education & Community Studies, whereas in the same
school, 9% of part-time undergraduates are not employed compared to 19% of
part-time psychology undergraduates (Figures 9.5 and 9.6).
Figure 9.4: Employment status overall and by level and mode of study
Full-time Part-time
Employment status Foundation Undergrad Postgrad Total Foundation Undergrad Postgrad Total
Employed part-time 56.0 47.7 24.2 45.7 20.0 32.3 23.2 28.3
Employed full-time 12.0 9.4 41.4 12.4 70.0 40.6 62.7 50.4
Employed vacations only 0.0 6.4 1.0 5.7 0.0 2.0 0.0 1.1
Not employed 28.0 26.9 19.2 26.2 10.0 12.0 7.0 9.9
Other* 4.0 9.7 14.1 10.0 0.0 13.1 7.0 10.3
Total n= 24 921 97 1042 10.0 245 184 439
*Retired, unpaid carer, voluntary work or other
Figure 9.5: Full-time undergraduate students employment status, combined honours and
by school
Com School
Employment status Hon AVA C&T C&IS E&CS ELBS H&B Law Psy SS
Employed part-time 45.9 46.2 54.7 53.3 48.1 51.5 45.4 45.2 46.3 33.3
Employed full-time 2.7 5.6 11.6 7.8 5.1 8.8 12.3 9.7 12.2 13.3
Employed vacations only 0.0 8.4 9.3 6.1 1.3 2.9 8.6 9.7 2.4 5.3
Not employed 40.5 30.8 18.6 25.0 36.7 26.5 25.8 24.2 20.7 34.7
Other* 0.0 9.1 5.8 7.8 8.9 10.3 8.0 11.3 18.3 13.3
Total 73 139 84 177 79 66 160 60 82 74
*Retired, unpaid carer, voluntary work or other
Figure 9.6: Part-time undergraduate students employment status, combined honours and
by school
Com School
Employment status Hon AVA C&T C&IS E&CS ELBS H&B Law Psy SS
Employed part-time 33.3 50.0 12.0 50.0 52.9 35.5 15.0 25.7 23.8 32.1
Employed full-time 0.0 20.0 56.0 19.2 26.5 45.2 50.0 51.4 45.2 39.3
Employed vacations only 0.0 0.0 4.0 3.8 2.9 0.0 0.0 2.9 2.4 0.0
Not employed 25.0 10.0 12.0 11.5 8.8 9.7 10.0 11.4 19.0 10.7
Other* 40.0 20.0 16.0 15.4 8.8 9.7 25.0 8.6 9.5 17.9
Total n= 15 10.0 25 24 34 29 20 34 41 28
*Retired, unpaid carer, voluntary work or other
Centre for Research and Evaluation UEL Student Experience
70 Financial Situation
EXPECTATIONS OF DEBT
Of full-time respondents, 18% expect to have no debt on completion of studies,
compared to half (52%) the part-time respondents. A third (34%) of full-time
undergraduates expect to have debts of £15000 or more on completion of
studies. Of students not in employment, 38% expect to have debts over £15000,
compared to 12% of those in full-time employment (Figures 9.9 and 9.10).
Figure 9.7: Expectations of debt on completion of studies, by mode and level of study
Full-time Part-time
Expectations on debt Foundation Undergrad Postgrad Total Foundation Undergrad Postgrad Total
No debt 12.5 16.1 35.5 17.8 70 42.5 63.4 51.6
Less than £5,000 20.8 11.6 30.1 13.5 0 19.4 18.9 18.8
Between £5,000 and
29.2 18.4 15.1 18.3 20 16.2 11.4 14.4
£9,999
Between £10,000 and
16.7 19.7 8.6 18.6 10 8.1 3.4 6.3
£14,999
Between £15,000 and
12.5 23.8 8.6 22.2 0 8.1 0.6 4.9
£19,999
More than £20,000 8.3 10.4 2.2 9.6 0 5.7 2.3 4.2
Total 24 936 93 1053 10 247 175 432
Figure 9.8: Expectations of debt by employment status and year of study
Employment status
Part- Full- Vacations Not
Expectations on debt Other*
time time only employed
No debt 23.1 54.1 21.2 11.4 23.5
Less than £5,000 15.7 17.1 12.1 13.3 13.4
Between £5,000 and £9,999 21.2 11.8 10.6 17.1 16.1
Between £10,000 and £14,999 16.0 5.6 25.8 20.6 16.1
Between £15,000 and £19,999 18.5 7.1 15.2 25.9 16.1
More than £20,000 5.5 4.4 15.2 11.7 14.8
Total 605 340 66 316 149
*Retired, unpaid carer, voluntary work or other
Centre for Research and Evaluation UEL Student Experience
Financial Situation 71
PERCEPTION OF FINANCIAL SITUATION
Overall, respondents’ financial situation is regarded as unsatisfactory. All aspects
were considered very important (Figures 9.11 to 9.19).
How would you describe your financial situation is unsatisfactory for most
respondents. Respondents who are employed full-time are satisfied. Respondents
taking combined honours are very dissatisfied. Postgraduates think it is
satisfactory or adequate except for those in Architecture & the Visual Arts,
Cultural & Innovation Studies and Law who are dissatisfied. It is adequate for
part-time respondents and respondents aged 45 or over (Figures 9.11, 9.14,
9.15, 9.16 and 9.18).
Effect of financial situation on work/study is unsatisfactory for most respondents.
It is adequate for respondents who are employed full-time. Postgraduates find it
satisfactory or adequate except for those in Architecture & the Visual Arts,
Cultural & Innovation Studies and Law who are dissatisfied. It is adequate for
part-time respondents and respondents aged 45 or over (Figures 9.11, 9.15, 9.16
and 9.18).
Effect of employment status on work/study is adequate or unsatisfactory for most
respondents, those who are employed full-time are satisfied (Figure 9.16).
Figure 9.9: Financial situation by employment status
Employment Status
Employed Employed Employed Not
Financial situation Other
part-time full-time vacations only employed
How would you describe your financial
situation
D B D D D
Effect of financial situation on
work/study
D C D D D
Effect of employment status on
work/study
D B D D D
Figure 9.10: Financial services by financial situation
How would you describe your financial situation*
Financial services and facilities 1, 2 3 4 5 6,7
Access to financial advice C C B B B
Efficiency of Student Loans procedure C B B B A
Efficiency of Access Fund procedure C C B B B
Level of tuition fees D C C C B
Value for money of your course C B B B B
*on a scale from 1 as very dissatisfied to 7 as very satisfied
Centre for Research and Evaluation UEL Student Experience
72 Financial Situation
PERCEPTION OF FINANCIAL SERVICES
Overall, financial services were adequate, all aspects were very important across
all areas (Figures 9.11 to 9.19).
Access to financial advice is satisfactory or adequate for most respondents. It is
unsatisfactory for undergraduates in Law, postgraduates in Psychology and
respondents based in Duncan House (Figures 9.14, 9.15 and 9.17).
Efficiency of Students Loans procedure is satisfactory for most students. It is very
satisfactory for respondents who are very satisfied with their financial situation.
Most postgraduates think it adequate, those in Psychology are dissatisfied
(Figures 9.11, 9.15, 9.16 and 9.18).
Efficiency of Access Fund procedure is satisfactory or adequate for most
respondents. It is unsatisfactory for postgraduates in Psychology, respondents
in year four or above, part-time respondents and respondents whose ethnicity is
designated ‘Other’ (Figures 9.15, 9.16 and 9.19).
Level of tuition fees is adequate for most respondents. It is satisfactory for those
who are very satisfied with their financial situation, those who are very
dissatisfied with their financial situation are not surprisingly dissatisfied.
Foundation respondents are satisfied, as are undergraduate respondents in East
London Business School. It is unsatisfactory for undergraduate respondents in
Architecture & the Visual Arts, respondents doing combined honours degrees,
postgraduate respondents in Architecture & the Visual Arts, Computing &
Technology and Social Sciences and respondents with a known disability
(Figures 9.12, 9.13, 9.14, 9.15, and 9.19).
Value for money of your course is satisfactory or adequate for most respondents.
It is very satisfactory for foundation respondents in East London Business
School and postgraduate students in Law. Undergraduate and postgraduate
respondents in Architecture & the Visual Arts are dissatisfied (Figures 9.13,
9.13 and 9.14).
Figure 9.11: Foundation students perceptions of financial situation and services,
overall and by school
School
Total
Financial situation C&T ELBS
How would you describe your financial situation C C D
Effect of financial situation on work/study C C D
Effect of employment status on work/study C C *
Financial services and facilities
Access to financial advice B B B
Efficiency of Student Loans procedure B B A
Efficiency of Access Fund procedure B C B
Level of tuition fees B B B
Value for money of your course B B A
*There were fewer than 10 respondents to this question
Centre for Research and Evaluation UEL Student Experience
Financial Situation 73
Figure 9.12: Undergraduate students perceptions of financial situation and services,
overall, combined honours students and by school
Com School
Total
Financial situation Hon AVA C&T C&IS E&CS ELBS H&B Law Psy SS
How would you describe your financial
situation
D E D D D D D D D D D
Effect of financial situation on
work/study
D D D D D D D D D D D
Effect of employment status on
work/study
D D D D D C D D D C D
Financial services and facilities
Access to financial advice C C C C C B C C D C B
Efficiency of Student Loans procedure B B B B B B B B B B B
Efficiency of Access Fund procedure C C C C C B C C B B B
Level of tuition fees C D D C C C B C C C C
Value for money of your course C C D C C B C B B B B
Figure 9.13: Postgraduate students perceptions of financial situation and services, overall
and by school
School
Total
Financial situation AVA C&T C&IS E&CS ELBS H&B Law Psy SS
How would you describe your financial
situation
C D C D C B B D B B
Effect of financial situation on
work/study
C D B D C B C D B C
Effect of employment status on
work/study
B D B C B B C D B C
Financial services and facilities
Access to financial advice C * B * B d * B D *
Efficiency of Student Loans procedure C * * * * * * * D *
Efficiency of Access Fund procedure C * * * * * * * D *
Level of tuition fees C D D B C C * B B D
Value for money of your course B D C B B C C A B B
*There were fewer than 10 respondents to this question
Figure 9.14: Financial situation and services by year of study and mode of study
Year of study Mode of study
Financial situation 1st 2nd 3rd 4th+ Full-time Part-time
How would you describe your financial
situation
D D D D D C
Effect of financial situation on work/study D D D D D C
Effect of employment status on work/study C C D D D C
Financial services and facilities
Access to financial advice B C C D C C
Efficiency of Student Loans procedure B B B C B C
Efficiency of Access Fund procedure B C C D B D
Level of tuition fees C C D D C C
Value for money of your course B C C C B B
Centre for Research and Evaluation UEL Student Experience
74 Financial Situation
Figure 9.15: Financial situation and services by site of study
Site of study
Financial situation Barking Docklands Duncan House Stratford
How would you describe your financial
situation
D D D D
Effect of financial situation on work/study D D D D
Effect of employment status on work/study C D C C
Financial services and facilities
Access to financial advice B C D C
Efficiency of Student Loans procedure B B B B
Efficiency of Access Fund procedure C C B C
Level of tuition fees C D C C
Value for money of your course B C B B
Figure 9.16: Financial situation and services by gender and age
Gender Age
Financial situation Female Male Under 21 21-24 25-34 35-44 45+
How would you describe your financial
situation
D D D D D D C
Effect of financial situation on work/study D D D D D D C
Effect of employment status on work/study C C D D C C C
Financial services and facilities
Access to financial advice C C C C B B B
Efficiency of Student Loans procedure B B B B B B B
Efficiency of Access Fund procedure C C C C B B C
Level of tuition fees C C C D C B C
Value for money of your course C B C C B B B
Figure 9.17: Financial situation and services by ethnicity and disability
Ethnicity Disability
No known Known
Financial situation White Asian Black Other
disability disability
How would you describe your financial
situation
D D D D D D
Effect of financial situation on work/study D D D D D D
Effect of employment status on work/study C D D C C D
Financial services and facilities
Access to financial advice C C B C C C
Efficiency of Student Loans procedure B B B C B B
Efficiency of Access Fund procedure B C C D C C
Level of tuition fees C C C D C D
Value for money of your course B C B C B C
Centre for Research and Evaluation UEL Student Experience
