Have your cake and eat it

Have your cake and eat it way to a first class education

Have your cake and eat it way to a first class education

Many people who were subject to university fees at the higher level set a few years ago are now at the stage where they are beginning to repay those ‘debts’ (or graduate tax depending on how you view things). The amounts being repaid can become eye-watering, so here is The Apprentice Finder ‘Have Your Cake and Eat It’ guide to a First Class Education. Or put more simply, how to get a degree without paying for it.

Apprenticeships reform and Apprenticeship Levy

The recent reform to apprenticeships and the introduction of the Apprenticeship Levy have given both our nation’s employers and us as individuals a fantastic opportunity to become better educated, which I’m sure you’d agree is an outcome where we all win in numerous ways. In this short article we’re going to feature one aspect of the reforms and that is Higher Apprenticeships.

Under the reforms, businesses are subject to an Apprenticeship Levy which is paid through employer’s National Insurance contributions at a rate of 0.5%. At the time of writing (May 2017), there is an allowance of £15000 which means that only employers with an annual  payroll bill of more than £3 million are subject to it. All other employers can still take advantage of apprenticeships through government funding.

Higher Apprenticeships

Higher Apprenticeships are a way of gaining a higher education whilst working at the same time. Depending on the situation, they range between Level 4 (HND equivalent)and Level 9 (PHD equivalent). This means that an individual can now become educated to a very high level without being subject to the £9000 per year fees universities currently charge. Higher Apprenticeships are the solution to getting a degree without the debt!

Strategy

In order to take advantage of this, you will need to adopt a strategy. You might be reading this as a Year 13 student who has applied for university and accepted a place. As such you probably have quite a good idea what occupation you will ideally get after university. At this stage, we would advise that you research employers in the areas you can travel to work in.

Who currently could offer you work in the industries and occupations you’d like?

How about contacting them to ask whether they are considering employing apprentices or whether they have any career openings at present?

You will probably have to contact upwards of 10 employers to find those that might be in a position to consider you. Let’s say they offer you something. It’s probable that your entry point will be an advanced apprenticeship (Level 3) which will take about 12 months to complete. In order to make this strategy work, your key objective at this stage is to show your employer through the first 12 months that your the type of person worth investing in. We can give you guidance on how to achieve this, please get in touch for more information.

Real life example

A real life example of this in action is the case study of Chloe Gill and Trafficlear. Due to Chloe’s commitment, trustworthiness, honesty and adaptability she has been offered a higher apprenticeship opportunity plus a senior position within Trafficlear too. She has achieved this without signing up to the Student Loans being offered via the tradional university entry point.

Granted it takes work, but the only place where success comes before work is in the dictionary.

If you would like to gain a higher level of education without the debt, please contact us today as we can help you achieve that aim.

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