MarshaD Posted September 2, 2014 Share Posted September 2, 2014 I have a team member who is keen to do an EY foundation degree. Whilst I'm sure this will be of benefit to the setting, a quick trawl of the Internet suggests it'll cost around £5K. I can't afford to fund this for her, but would like to make some contribution. What do others do to support staff financially? Thanks Quote Link to comment Share on other sites More sharing options...
SueJ Posted September 2, 2014 Share Posted September 2, 2014 I have a team member who is hoping to start the foundation degree this September. We have absolutely no funding for this in our area so she is taking out a student loan to fund the course fees and will be doing the work in her own time! Her course is part time over three years and will involve her leaving work early for one day a week - I am hoping that we will have sufficient funds not to penalise her for this but as a sessional term time setting the vast majority of the children coming to us only access the 15 hour entitlement and the hourly early education funding rate we receive doesn't cover costs let alone give us any leeway to fund sometime taking a degree. Some local authorities still have small financial reserves which settings can access for this so it might be worth your while checking this out with your LA early years team. Quote Link to comment Share on other sites More sharing options...
louby loo Posted September 2, 2014 Share Posted September 2, 2014 I fully funded my own degree from foundation degree upwards as I've never seemed to be in the right place at the right time :-(. However I wanted the degree for 'myself' as a long term ambition. A member of my staff was about to take a student loan to do her level three, but we managed to find funding at the very last minute- so now that's fully funded- which I am happy about. In my mind it shows a true commitment to the role, I also have staff that have 'fallen' into the job and will only do qualifications if they are fully paid for. Now that person is not really happy that the other is doing a funded L3 - but I could only choose one person, so I went for the one most committed to the role! Quote Link to comment Share on other sites More sharing options...
mrsbat Posted September 2, 2014 Share Posted September 2, 2014 We pay half and the student pays half - although I was lucky enough to be fully funded for my degrees and EYPS - we have only done this up to level 3 at the moment because no one has wanted to go higher, not sure we could afford half of £5000 if it came to it.... While I was doing my degrees some of the students did the student loans and were happy to do it as you don't need to pay them back until you are earning more than 20 something thousand pounds - which lets face it, in our jobs will be very unlikely....... 2 Quote Link to comment Share on other sites More sharing options...
SueJ Posted September 2, 2014 Share Posted September 2, 2014 While I was doing my degrees some of the students did the student loans and were happy to do it as you don't need to pay them back until you are earning more than 20 something thousand pounds - which lets face it, in our jobs will be very unlikely....... Which is exactly what I told my team member - she smiled wryly Quote Link to comment Share on other sites More sharing options...
Stargrower Posted September 2, 2014 Share Posted September 2, 2014 Watch out though, I was told my student loan was interest free - and its NOT! :angry: Quote Link to comment Share on other sites More sharing options...
Harmony1985 Posted September 2, 2014 Share Posted September 2, 2014 It's interest free while you're studying. Quote Link to comment Share on other sites More sharing options...
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