2002 Evidence to the Education Select Committee 2Iain Crawford (2002), 'Funding Higher Education: Policies for Access and Quality: Supplementary Memorandum', House of Commons, Education and Skills Committee, Post-16 Student Support, Sixth Report of Session 2001-2, HC445, London: TSO, pp. Ev 44-5.
Factors exacerbating student poverty: real and perceived1. It is unanimously agreed that the current student support package is too small and needs to be enlarged. In addition, policy should address two factors - one real and one perceived - that additionally and unnecessarily exacerbate student poverty, and create misinformation.
|• Student inexperience in financial management. The lack of experience, knowledge and self discipline, in handling personal finance of a significant number of new undergraduates is a contributory factor to student poverty. While accepting that the state student support package is inadequate, the lack of ability to manage personal finance makes the problem worse for a large proportion of students.|
|• Inadequate information. Lack of authoritative information on available state and commercial financial support mechanisms means that ignorance and scaremongering are real deterrents to access and create an unjustified sense of discontent amongst participants.|
Questia, a part of Gale, Cengage Learning. www.questia.com
Book title: Financing Higher Education: Answers from the UK.
Contributors: Nicholas Barr - Author, Iain Crawford - Author.
Place of publication: London.
Publication year: 2005.
Page number: 262.
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