A Graduate Endownment is a lump sum you pay to the government, via SAAS(i think you pay it via SAAS) when you Graduate from your degree.
The majority of people are liable to pay it, some arent.
Don't think you are liable to pay Jamie since you are classed as being disabled.
But best to check the SAAS website.
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SAAS
Started by Ally, Sep 06 2006 06:29 PM
46 replies to this topic
#41
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Posted 14 September 2006 - 07:49 PM
Yeah, I had a look there. If I'm in recepit of Disabled Students Allowance, I don't have to pay. Go me! 
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#43
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Posted 14 September 2006 - 11:46 PM
Its not retarded at all, its something they conviently forget to mention. Its a one off payment of around £2000 ish, which all scottish students pay when they graduate with a bachelor/masters undergrad degree. Its pretty much a tax for graduates, you can pay it as a lump sum, or add it to your student loan I think.
The ammount you pay is set when you start, so for example if you started first year in 2005/06, then u pay £2,216 when you graduate in 2009 (or 2010 for a five year course). The ammount goes up with inflation every year, so people starting this year pay more.
p.s. there are some exceptions, as we have just seen
The ammount you pay is set when you start, so for example if you started first year in 2005/06, then u pay £2,216 when you graduate in 2009 (or 2010 for a five year course). The ammount goes up with inflation every year, so people starting this year pay more.
p.s. there are some exceptions, as we have just seen
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Posted 15 September 2006 - 01:49 PM
i think the graduate endowment is fair dos - i d far rather that than the english system of paying
#45
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Posted 15 September 2006 - 04:16 PM
considering that SAAS pay out roughly £4800 in total for tution fees for a 4 year honours degree, i think the fact you only have to pay back £2000 isn't a bad deal!
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Posted 16 September 2006 - 11:33 AM
I do too, they use the money to help students of the future, so I think its fair considering the ammount of benifit we receive by having degrees, for example better job prospects etc.
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Posted 16 September 2006 - 12:22 PM
QUOTE(broughy @ Sep 15 2006, 05:16 PM) 
considering that SAAS pay out roughly £4800 in total for tution fees for a 4 year honours degree, i think the fact you only have to pay back £2000 isn't a bad deal!
Don't forget the Bursaries, of upto £2455 per year for some people.
QUOTE(st-and Paul @ Sep 16 2006, 12:33 PM)
I do too, they use the money to help students of the future, so I think its fair considering the ammount of benifit we receive by having degrees, for example better job prospects etc.
Yep, we should have to pay it back in one form or another, even if it was just a small proportion of it.
Just like they do with the additional Dental Bursary, the more you "borrow" the longer you have to work for the NHS.
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