Graduate Loans
Graduate teachers will have their student loans paid off by the
Conservatives, in an attempt to get more people teaching. The
Conservatives are planning to pay the loans of the best academic
achievers who want to teach at a graduate level.
Their plan is to get the most gifted science, maths, technology
and engineering university students to teach in schools. They will
make the taxpayer pay the monthly students loan repayments of
graduates who achieve a 2:1 or a First degree. The taxpayer will
only fund the repayments for as long as the person remains in the
graduate teaching job. If they decide to leave their job, the rest
of their loan will have to be paid off themselves.
However, only certain universities will qualify for this scheme,
with 25 leading universities which provide graduates with the
necessary qualifications being eligible to have their loans paid
off.
The Conservative shadow schools secretary, Michael Gove,
believes that the overall effect of this policy would be that
better educated people would go into graduate jobs such as teaching,
particularly in maths and science.
Mr Gove said: "We will have a new generation of specialist
maths and science teachers. We will have a generation of teachers
who have made a commitment to the long-term and thus we will
diminish the churn that characterises our system now. We will raise
the prestige of the profession and this will, as in Finland and
Singapore, create a virtuous circle."
Students could save up to £40,000 under this new policy, which
is a huge incentive as the current cash incentive is £5,000 for
those who wish to teach in less popular subject areas.
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