EDUCATION TRIBUNE |
Human
rights lessons for students O’
father, thou art the saviour |
O’ father, thou art the saviour The majority of students are still financially dependent on their parents today. “That’s no news,” You are right, but what if we told you it wasn’t in India this time? Richard Garner of The Independent discovers the trend in Britain, which just might prompt some of us to say: “At last, the British have got it right.” The majority of students are still financially dependent on their parents today. A poll of 1,200 students who graduated in 2002 for the Royal Bank of Scotland revealed that 58 per cent were still relying on their parents to tide them over three years later. Many had moved back home in a bid to avoid bills, it added. The report also revealed that 56 per cent of them were dissatisfied with the salaries they were earning three years on and less than a third (27 per cent) were happy with the amount they were saving. The report comes at a time of growing controversy over student finance, with top-up fees of up to £ 3,000 a year set to be introduced by universities in September 2006. Figures show the average student is leaving university with debts of £ 13,501, a rise of 12 per cent on 2004. Critics of top-up fees claim they will lead to students leaving university with even bigger debts in future. However, the report said of the class of 2002: “Financial reliance on parents was a key theme for graduates three years after university with well over half surprised at how they have had to rely on their parents for help with money.” Donna Ewing, head of graduate banking for the RBS, said: “These findings confirm that the financial path after graduation does not always run smoothly.” Amongst the graduates who have found it necessary to rely on their parents for financial help is Julian Dobson, aged 26, a sociology graduate from Durham University. He moved back home to live with his parents and is now working as a bar manager in Cowbridge, Wales, their hometown. Julian said he wanted to save money on rent and added that he felt lucky to have such understanding parents. Alexandra Cocklin, 25, who graduated from Sheffield University with a BA honour’s degree in history and is now working as a marketing administrator in higher education, said: “You may have to cut back on your student lifestyle when you first graduate. “It’s important to only shop and go out within your means, but a bit of budgeting means you can still enjoy yourself while you want to land the perfect graduate job.” The report also revealed that engineering graduates were the most satisfied with their lot three years after graduating. Eighty per cent were happy with their work and reckoned they were given good opportunities for training and development leading to promotion opportunities. By contrast, those who had gone into the hospitality industry only scored a thirty per cent satisfaction rating. Under a third (27 per cent) were satisfied with the hours they worked, while less than one in five (18 per cent) were satisfied with the training and development and promotion opportunities they received. Wrexham was named the town in the UK where graduates were most likely to be able to afford to take out a mortgage within three years of leaving university. |
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