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Student Loans In The United Kingdom
Student loans and grants in the United Kingdom are primarily provided by the government through the Student Loans Company (SLC), an executive non-departmental public body. The SLC is responsible for Student Finance England and Student Finance Wales, and is a delivery partner of Student Finance NI and the Student Awards Agency for Scotland. Most undergraduate university students resident in the United Kingdom are eligible for student loans, and some students on teacher training courses may also apply for loans. Student loans also became available from the 2016/17 academic year to postgraduate students who study a taught Masters, research or Doctoral course. History Education Act 1962 In the years following World War II, most local education authorities (LEAs) paid students' tuition fees and also provided a maintenance grant to help with living costs; this did not have to be repaid. The Education Act 1962 made it a legal obligation for all LEAs to give full-time university students a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Student Loan
A student loan is a type of loan designed to help students pay for post-secondary education and the associated fees, such as tuition, books and supplies, and living expenses. It may differ from other types of loans in the fact that the interest rate may be substantially lower and the repayment schedule may be deferred while the student is still in school. It also differs in many countries in the strict laws regulating renegotiating and bankruptcy. This article highlights the differences of the student loan system in several major countries. Australia Tertiary student places in Australia are usually funded through the HECS-HELP scheme. This funding is in the form of loans that are not normal debts. They are repaid over time via a supplementary tax, using a sliding scale based on taxable income. As a consequence, loan repayments are only made when the former student has income to support the repayments. Discounts are available for early repayment. The scheme is available to citi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Of England Base Rate
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the anc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Income-contingent Repayment
Income-contingent repayment is an arrangement for the repayment of a loan where the regular (e.g. monthly) amount to be paid by the borrower depends on his or her income. This type of repayment arrangement is mostly used for student loans, where the ability of the new graduate borrower to repay is usually limited by his or her income. United Kingdom Income-contingent repayment has been available for student loans in the United Kingdom since 1998. The Student Loans Company (SLC) that manages student loans for students studying in the UK makes sure that the repayment of loans only begins after the student has left higher education and is earning over a threshold of: * £18,330 for Plan 1 loans: (Scotland and Northern Ireland) & (England and Wales for loans taken before 1 September 2012) * £25,000 for Plan 2 loans: (England and Wales for loans taken after 1 September 2012) These loan repayments are collected via the pay-as-you-earn (PAYE) tax system by employers deducting them f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bad Debt
Bad debt, occasionally called uncollectible accounts expense, is a monetary amount owed to a creditor that is unlikely to be paid and for which the creditor is not willing to take action to collect for various reasons, often due to the debtor not having the money to pay, for example due to a company going into liquidation or insolvency. There are various technical definitions of what constitutes a bad debt, depending on accounting conventions, regulatory treatment and the institution provisioning. In the USA, bank loans with more than ninety days' arrears become "problem loans". Accounting sources advise that the full amount of a bad debt be written off to the profit and loss account or a provision for bad debts as soon as it is foreseen. Doubtful debt Doubtful debts are those debts which a business or individual is unlikely to be able to collect. The reasons for potential non-payment can include disputes oversupply, delivery, the condition of the item, or the appearance of fina ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Takaful
Takaful ( ar, التكافل, sometimes translated as "solidarity" or mutual guarantee) Khan, ''What Is Wrong with Islamic Economics?'', 2013: p.403 is a co-operative system of reimbursement or repayment in case of loss, organized as an Islamic or ''sharia'' compliant alternative to conventional insurance, which contains ''riba'' (usury) and ''gharar'' (excessive uncertainty). Khan, ''What Is Wrong with Islamic Economics?'', 2013: p.402 Under takaful, people and companies concerned about hazards make regular contributions ("donations") to be reimbursed or repaid to members in the event of loss, and managed on their behalf by a takaful operator. Like other Islamic finance products, Takaful is grounded in Islamic ''Muamalat'' (commercial and civil acts or dealings branch of Islamic law). In 2018, the takaful industry had grown to a size of $27.7 billion of "contributions" (from a 2011 figure of $12 billion). The movement has been praised as providing "superior alternatives" to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Riba
The Royal Institute of British Architects (RIBA) is a professional body for architects primarily in the United Kingdom, but also internationally, founded for the advancement of architecture under its royal charter granted in 1837, three supplemental charters and a new charter granted in 1971. Founded as the Institute of British Architects in London in 1834, the RIBA retains a central London headquarters at 66 Portland Place as well as a network of regional offices. Its members played a leading part in promotion of architectural education in the United Kingdom; the RIBA Library, also established in 1834, is one of the three largest architectural libraries in the world and the largest in Europe. The RIBA also played a prominent role in the development of UK architects' registration bodies. The institute administers some of the oldest architectural awards in the world, including RIBA President's Medals Students Award, the Royal Gold Medal, and the Stirling Prize. It also manages ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Islam
Islam (; ar, ۘالِإسلَام, , ) is an Abrahamic religions, Abrahamic Monotheism#Islam, monotheistic religion centred primarily around the Quran, a religious text considered by Muslims to be the direct word of God in Islam, God (or ''Allah'') as it was revealed to Muhammad, the Muhammad in Islam, main and final Islamic prophet.Peters, F. E. 2009. "Allāh." In , edited by J. L. Esposito. Oxford: Oxford University Press. . (See alsoquick reference) "[T]he Muslims' understanding of Allāh is based...on the Qurʿān's public witness. Allāh is Unique, the Creator, Sovereign, and Judge of mankind. It is Allāh who directs the universe through his direct action on nature and who has guided human history through his prophets, Abraham, with whom he made his covenant, Moses/Moosa, Jesus/Eesa, and Muḥammad, through all of whom he founded his chosen communities, the 'Peoples of the Book.'" It is the Major religious groups, world's second-largest religion behind Christianity, w ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Teaching Excellence Framework
The Teaching Excellence and Student Outcomes Framework (TEF) is a controversial government assessment of the quality of undergraduate teaching in universities and other higher education providers in England, which may be used from 2020 to determine whether state-funded providers are permitted to raise tuition fees. Higher education providers from elsewhere in the United Kingdom are allowed to opt-in, but the rating has no impact on their funding. The TEF rates universities as ''Gold'', ''Silver'' or ''Bronze'', in order of quality of teaching. The first results were published in June 2017. This was considered a "trial year" (even though the non-provisional ratings awarded are valid for 3 years) and is to be followed by a "lessons learned exercise" that will feed into the 2018 TEF and longer-term plans for subject-level ratings. In October 2017 the official title of the exercise was officially renamed from ''Teaching Excellence Framework'' to the ''Teaching Excellence and Student Out ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Undergraduate Degree
An undergraduate degree (also called first degree or simply degree) is a colloquial term for an academic degree earned by a person who has completed undergraduate courses. In the United States, it is usually offered at an institution of higher education, such as a college or university. The most common type of these undergraduate degrees are associate degree and bachelor's degree. Bachelor's degree typically takes at least three or four years to complete. In some other educational systems, undergraduate education is post-secondary education up to the level of a master's degree; this is the case for some science courses in Britain and some long-cycle medicine courses in Europe. These degrees can be categorised as basic or first professional degrees. Europe United Kingdom In the United Kingdom, a bachelor's degree is the most common type of "undergraduate degree". Some master's degrees can be undertaken immediately after finishing secondary education; however, these courses are ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Danny Alexander
Sir Daniel Grian Alexander (born 15 May 1972) is a former politician who was Chief Secretary to the Treasury between 2010 and 2015. He was the Member of Parliament (MP) for the Inverness, Nairn, Badenoch & Strathspey constituency from 2005 until the general election in May 2015. In his first parliamentary term ( 2005–2010), Alexander was the Liberal Democrat spokesperson for Work and Pensions (2007–2008), the Chief of Staff to party leader Nick Clegg, and Chair of the Liberal Democrat Manifesto Group (2007–2010). With the 2010 general election producing a hung parliament, he was one of the four Liberal Democrat MPs, along with Andrew Stunell, Chris Huhne, and David Laws, who were involved in negotiating the coalition agreement for the new coalition government with the Conservative Party. Alexander was initially appointed Secretary of State for Scotland, but at the end of May 2010, he was promoted to Chief Secretary to the Treasury, following the resignation of D ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Exaro News
''Exaro'' or ''Exaro News'' was a British website based in London between 2011 and 2016. It purportedly undertook political investigative journalism, but is now primarily known (together with its editor Mark Watts) for its direct involvement in the false allegations of sexual abuse put forward by "Nick" ( Carl Beech) in Operation Midland. Introduction Launched in October 2011, ''Exaro'', under its motto "Holding Power to Account", claimed to specialise in "carrying out in-depth investigations". Its website claimed it 'set out to produce "evidence-based, open-access journalism – not spin, not churnalism, not hacking – just journalism about what should be transparent but isn't"'. ''Exaro'' was reportedly set up by City entrepreneur Jerome Booth. In articles by journalist Mark Conrad, ''Exaro'' became the first publication to report claims made by Carl Beech (under the pseudonym "Nick") that a paedophile ring composed of powerful individuals had abused children at ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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