Thursday, 24 January 2019

Save Money on Tuition Fees by Choosing One of a Range of New Two Year Accelerated Degrees

Proposals to increase choice for students and help them save on tuition fees have been passed by the House of Commons.

Students starting university from September 2019 are set to have more choice than ever before about how they study after MPs approved legislation to support the expansion of two-year and other accelerated degrees.

Legislation was passed in the Commons which means students studying shorter university courses – such as three-year courses condensed into two – would save 20 per cent on tuition fees compared to traditional courses. For example, students who opt for a two-year degree will save at least £5,500 in total tuition costs compared to a standard three-year course. The regulations will now go to the House of Lords for approval.

In addition to saving on tuition fees, students will also benefit from a year without paying any maintenance costs through an accelerated course, which would allow them to access the workforce quicker.

Accelerated degrees have been a key part of the Government’s ambition to maximise choice and flexibility for people wanting to study in higher education, and are expected to remove barriers for a number of underrepresented groups, including mature students.

Accelerated degrees offer the same qualifications and are quality-assured in the same way as a standard degree, but delivered over a shorter, more intensive timespan. For example, a two-year accelerated degree will condense 3-year degrees with 30 weeks’ teaching into 2 years with 45 weeks’ teaching.

Proposals allow institutions to charge up to 20 per cent more per year for accelerated degrees (in recognition of the increased teaching time required), but the overall tuition fee cost to the student is at least 20 per cent less than the same degree over three years.

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