Student Loans

In many cities and towns across the UK over the last week you will have noticed that its that time of year again as students descend on University for Freshers Week and to start their term. This year there has been a record number of students applying for University and getting placed so there will be even more of them wondering around your local area.

However due to the record uptake and the recession it has caused problems with student funding with many students still waiting to receive their allocated student loan. Without student loans many people would be unable to afford to go to University and it is causing many problems and stress for students up and down the land. Some students don’t even know yet how much they will be receiving in payments so can’t even budget yet as they have no clue how much they will be entitled to.

The University year doesn’t get delayed because of students not getting student loans so students have been forced to try and get money from other areas whilst they wait for the money to come in. Some are getting loans from high street banks, some are having to get jobs and some are having to borrow from friends and family. These solutions are only going to add to their long-term debt or affect their ability to achieve on their course.

Universities still expect their fees, landlords still expect their rent and other things have to be paid for including food, bills, books and all other imaginable essential living items regardless of whether your student loan has come in or not. This means that some people will leave University in more debt than they should do or even worse still have to leave the course because they can’t afford to be on it without the student loan.

Many of the current MP’s got their University education for free so its about time they did something to help put pressure on the loan companies to sort this out or find a way to deal with the problem as if it isn’t rectified it could lead to a brain drain from University with high achieving students being forced to quit their course. If left any longer this problem will have unfair affect on students from poorer backgrounds, those who don’t have friends or family who can lend them money, or savings they can dip in to. Students from wealthier backgrounds may be able to deal with the situation and keep on going but University should be for everyone regardless of their financial situation.

Have you been caught up in the Student loans problem? If so we would like to hear what you think and you can share your views by going to:

http://www.talentedyoungpeople.com/forum/viewtopic.php?f=2&t=780

Adam Sibley
Founder of the Talented Young People organisation
www.talentedyoungpeople.com
"Envisage it, Believe it, Achieve it!"
”Shaking up the Youth of Today”

http://www.talentedyoungpeople.blogspot.com

The Global Credit Crunch

The credit crunch is hitting the world hard. Prices of everyday items are going up, prices for petrol are rising and so on and so on. I don’t want to look at this from the affect this has on the economy or the general public, I want to look at this from the affect that it has on young people achieving their dreams.

When there is a global credit crunch the government have less money to invest in youth related projects. A big source of income for the government is based on the spending of the general public and when they aren’t spending it hurts the economy which the government have to support. Unfortunately funding and spending on youth projects is way down the list of priorities when governments do budgets so this means that youth projects supported by the government or by other funding bodies disappear or run a smaller service due to the lack of money. These youth services could be anything from art to sport projects.

Then we have youth charities which rely on donations to keep running. During a global credit crunch the public have less money so their income from donations dwindles and again affects the way in which they can operate. Similar to this we have youth organisations which require their members or the families of their members to pay a fee or a subscription to keep the organisation going. Because these organisations rely so heavily on subscriptions the inability of just a couple of families to pay fees could make a huge difference to the service they provide. The costs of running youth organisations are going up but because of the situation of their members many youth organisations can’t raise their fees.

We also have to look closer to home. If the family budget is tighter with more money spent on everyday things it means there is less money for parents to spend to help their children reach their dreams. This could be anything like buying a new pair of football boots, taking a child to an audition or paying for a child to attend a club.

In these times it is stories like that of George Sampson who won ‘Britain’s Got Talent’ become more common place. George performed dance routines on the streets of Manchester to raise money to put petrol in his parents car to get to shows and auditions because his family couldn’t afford to take him otherwise. Then in one night his life changed as he won £100,000 to help his mum pay her mortgage.

George wasn’t the first person to fight through financial adversity to achieve their dreams and won’t be the last. Young people and their families need to now be more creative with their thoughts and ideas and need to do more research on how they can help their young child to achieve their dreams on a shoestring budget as believe you me there are ways and it can be easily done. Buying someone the best guitar doesn’t make them the best guitarist. If you have talent and can find a way of showcasing it then you have a great chance of achieving greatness no matter what your financial situation is.

Adam Sibley
Founder of the Talented Young People organisation
www.talentedyoungpeople.com
"Envisage it, Believe it, Achieve it!"

http://www.talentedyoungpeople.blogspot.com