54 | NEWS | F INANCE AND MARKETS
W:
www.universitybusiness.co.uk | T: @UB_UK
Pressure to quit over fi nance worries
A new study from Go Compare suggests that a quarter of undergraduates consider giving up studies due to fi nance. The survey found that a third
of students say the amount of time they spend worrying about their fi nances is aff ecting their studies, while 22% believe that having to work to pay the bills while studying is having a similarly negative eff ect. The study, conducted with
1,000 current UK students about to go into their 2nd–4th year of university, provides a snapshot of the fi nancial realities. On average, current students
estimate that they will owe £16,514 by the time they fi nish their course, but in Scotland the fi gure is just £12,048.
Current students are funding
their studies in a wide range of ways with 46% saying they are using their own savings, 28% are relying on family savings, 23% are using maintenance grants, while 18% have a bursary and 12% a scholarship. Claire Peate, customer
insight manager at
Gocompare.com, commented: "Some of the projections about student debt levels post- tuition fees are eye-watering and will certainly be a concern to any parent with a child at university or thinking of going. “It is very worrying indeed
to learn that almost a quarter of current undergraduates think that they might have to give up their studies because of their fi nancial situation.”
Alison Wheaton
GSM CHIEF EXEC JOINS HEFCE
Alison Wheaton, Chief Executive of GSM London (formerly the Greenwich School of Management), has been appointed to the Higher Education Funding Council (HEFCE) commit ee for Leadership, Governance and Management Strategic Advisory Commit ee. Alison brings a wealth
of experience to the HEFCE commit ee as a senior director
having led fi nance, marketing, strategy, operations, property, IT, and business development in large complex consumer focused organisations, including six years at PepsiCola International and 13 years at Mitchells and Butlers (M&B) plc. Alison also served as Non-Executive Director for the London Development Agency, where she was a Member of the Olympic Delivery Commit ee.
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