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CHAPTER 9 FINANCIAL SITUATION

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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

								
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