6 October, 2008

Student loans & broke graduates

I’m amazed at news that around a third of graduates who took out student loans are still not paying them back.  The payback threshold is £15,000.  So there are around 400,000 graduates out there with loans, earning less than £15,000 a year.

photo by svilen001

photo by svilen001

As I’ve said before, university isn’t just about the piece of paper at the end of three years to help you find the perfect job.  Neither is it an excuse to have fun and forget the ‘real world’ for a bit longer.  Higher Education is full of opportunity, but you have to be ready to find it and to take it.  It doesn’t always come to you.  Without some conviction on your part, it’s easy for the university dream to fall apart and come to nothing.

That said, I’m still truly amazed that so many graduates are still earning lower than the £15,000 a year required before the student loan begins to be paid off.  I dread to think how much interest is piling up as the years go by (more on that below).

To make real sense of the data, we need more than the numbers.  A third of graduates who have taken out a loan sounds incredibly high.  But would it make more sense if the figures were broken down by each university, the degree taken, the grade each student received…?

Far less surprising to me was NUS President Wes Streeting’s mention of a graduate with £12,000 in loans to pay off.  In one year, the graduate paid £650 on loan repayments, just to find that £580 of that was just interest payment.  That leaves a paltry £70 off the original debt.  Chipping £70 a year off a £12,000 (or, worse, £20,000) loan is madness, but I’m used to that myself.

I’ve been paying my debt off and it feels like I’ve achieved precious little.  I don’t notice the money coming out of my pay packet, sure, but I wish more of the money went toward the actual payment.  When you consider that you start paying interest as soon as the loan hits your bank account, your final account balance will be higher than the amount you borrowed, even if you pay it all back pretty sharpish.

Student loans are adjusted by the Retail Prices Index (RPI), but the interest rate isn’t based on an average RPI over the year; it’s whatever the RPI stands at every March.  Last year, the RPI was at an unusually high level in March (4.8%), so interest on loans was also high.

I’m now antsy to pay back my loan more quickly, despite what the brilliant Martin Lewis may say

Do you think I’m right or wrong in wanting to try and pay the debt back more quickly?

3 October, 2008

EduLinks - Because it matters…

I’ve been thinking about my use of Twitter and have decided it’s more a social communication tool and ‘new post’ tool.  My initial intention was to put up links to interesting sites and the like, but the EduLinks posts suited me better and, through feedback, suited you better too.  That’s why I’ve been quiet on the Twitter front recently.  I hope to be more conversational there instead, which is a much better use for it.

So today welcomes back EduLinks.  Happy weekend reading!

Web 2.0 Expo: It’s Not Information Overload.  It’s Filter Failure

If you can’t watch for 24 minutes…start watching from 15 minutes in for an interesting talk about the way information is changing and how it caught up with one unfortunate university student…

Protoscholar: Articles to support dissertation writing

Two links provided by Protoscholar with sensible advice on starting and completing your dissertation.  I found that not all the advice will be directly relevant to your studies, but there’s more than enough advice and knowledge to take you forward.

The Manchester Review

A brand new journal, published by the Centre for New Writing at The University of Manchester.  It’s got a solid line-up of writers for the first issue and includes an exclusive preview of John Banville’s new novel.  Banville won the Booker Prize in 2005 with his novel ‘The Sea’ (which I happily got an advance proof copy of way back).

Pick the Brain: 12½ Writing Rules

Ali has just started a new site, called Alpha Student.  I wish her luck on the new venture, especially as it’s aimed mainly at UK students.  Ali writes this guest post about writing at Pick the Brain.  If you follow the 12 (and a half) rules, you’re on to a winner.

Academic Productivity: Mirror mirror on the wall, who’s the most productive of them all?

A great post on the benefits of reflective learning.  A great way of developing.  Even if you don’t succeed, you can still achieve great productivity.  Winner.

Education Guardian: Make friends before you start: Facebook easing Freshers into university

You might not need Facebook, but it certainly helps…

Gearfire Productivity: Cornell note templates

Are you aware of the Cornell note taking system?  As this post on Gearfire mentions, many students aren’t.  Luckily, the post also offers links to printable pages and great descriptions of the Cornell system, which may become a best friend of yours.  It’s not how I took notes, but it’s certainly a sensible, effective method for many.

Guardian Mortar Board Blog: Don’t blame students for ’studentification’

Students need places to live.  And with so many students now, it’s no surprise some areas end up looking a little untidy during term-time and then become ‘ghost towns’ in the summer.  It’s daft to blame students when the systems in place take us down these routes anyway.

The Independent - A helping hand: Voluntary work can bring unexpected rewards in your professional life

We don’t have to do everything for money.  There may already be a lack of money in many of your bank accounts and the world’s economy may well be in a mess, but voluntary work can help everyone, including those who volunteer.  I was happy to read about the efforts of the Heriot-Watt University Students Association and their “Target 50″ campaign, to get at least 50% of Heriot-Watt students volunteering in one way or another.  Ruth Bush, their president, says it really helps the overall student experience.

Open Culture: Top Five Collections of Free University Courses

I know you’re busy with your own work, but if you spot any courses similar to yours and you have some time to spare, you may find gold in the alternative lectures and notes on offer here.

Study Hacks: The Zen Valedictorian

Cal over at Study Hacks has been working on an interesting series of posts, highlighting the way less can be so much more.  Stress, overwork and oversubscription don’t help secure the top jobs and the best careers.  You just have to choose the right approach, which doesn’t require as much work as you probably think.  If you haven’t been following these posts, get involved now!

Charade: A Fabulous Lifestyle on a Student Budget

Last, but certainly not least, I want to mention another UK-based uni student website.  Megan over at Student Charade describes herself as an “undergraduate, writer and all-round life-enthusiast, posting ideas, opinions and findings in the form of regular articles on student life”.  She’s not been blogging long, but is already producing some great content.  It’s great to see another UK blog championing students in Higher Education.  Woo!

2 October, 2008

5 Ways to Keep Your Newfound Freedom from Bringing You Down

Today you get a break from my writing.  We welcome Kelly Kilpatrick who writes at bestcollegesonline.com. Kelly has written this guest post about settling down after you’ve started settling in.  Enjoy!

Photo by svilen001

Photo by svilen001

It happens to freshers every year: some, not all, take full advantage of their newfound freedom and forget why they are at the university to begin with.  Whether it’s dyeing their hair bright purple, piercing their favorite body part, or staying up ‘til dawn, something happens that makes some people break out of their shell the first year.  It’s hard enough keeping up with the coursework, so many get lost in the shuffle.  Here are five ways to reign yourself back in if you are falling into this trap.

  1. Stay focused.  Remember why you are here in the first place, and that is for an education.  Of course, your time at the university will be filled with new friends and experiences, but don’t let that get in the way of your education.  Stay focused on what needs to be done so that you will have the luxury of being able to have fun later.
  2. Limit social engagements.  There will always be something going on.  Try at first to limit yourself to social engagements when you are done with your coursework for the week.  This way, you won’t be thinking about what you have put off and you’ll be able to enjoy yourself.  If you spend too much time going out, the work will pile up and you’ll sacrifice your social life later anyway.
  3. Use your time wisely.  Take time between classes to review notes and readings.  If you have an extra hour, work on an upcoming paper or study for an exam.  Doing this will solidify your knowledge of a topic and give you more time to relax later.
  4. Set goals and reward yourself.  In addition to budgeting time, it is good to give yourself achievable goals and then reward yourself when these goals have been accomplished.  It’s better to get things done than to sit idly and wait until the last minute to start working on projects.  Setting small goals will help break down larger assignments into more manageable increments.
  5. Be yourself.  If you have changed to suit your new friends, keep in mind why they became your friends to begin with.  It’s natural to want to fit in with a crowd, but your new friends initiated contact with you for some reason.  If you really feel like you are expressing yourself now that you’ve moved out, let your spirit soar, just don’t let it supersede the importance of your ultimate goal.

This post was contributed by Kelly Kilpatrick, who writes on the subject of the best colleges online. She invites your feedback at kellykilpatrick24 at gmail dot com.

1 October, 2008

TheUniversityBlog a year ago: October 2007

Welcome to October.  Hopefully most of you are happily settling in to the new academic year.  You lucky things!

October last year was a busy month on TheUniversityBlog.  I covered homesickness, conversation, employment, and money, among other things.  Here’s my pick of the highlights:

Help for the Hopelessly Homesick

Moving away from home is already a big move.  That’s before you consider the amount of change you’ll encounter in your first few months at uni.  Inevitably, homesickness happens.  This huge post covers all sorts of advice.

Turning Smalltalk into Bigtalk: 7 ways to find things to talk about

Striking up a conversation is difficult enough, but getting into a flow of ideas to chat about can be boggling.  With a few pointers, you can boggle no more.

Pushing Toward Employment Nirvana Series

Who says you have to wait for the end of your degree before seriously considering your future employment?  As an increasing number of students need to work part-time, the CV isn’t unheard of.  So why not make it as good as you can from the outset?

Your Money Series

The world’s economy may be looking scary, but you can do your bit to look after your own pennies…

30 September, 2008

Don’t let minor issues slow you down

Every day, I have to battle stupid little quirks and niggles as if they’re intense uphill struggles.  It’s the same for all of us.  But how hard are you battling?  Can you think of those moments in the day when something upsets the balance for about five seconds…then lets it bother you for five hours?

Without fighting the urge to get angry or the craving to complain, it’s easy to let minor events take control of what we do.  In no time, we have no idea why we’re in a foul mood, but it’s certainly knocked out half the good intentions we had at the beginning of the day.

Photo by ba1969

Picture by ba1969

You don’t have to picture 15 different ways of acting out your revenge on the guy who nearly ran you over in the road.  Neither do you have to build up an elaborate back story of grief and horror when you face a short setback on writing an essay.

Whatever issues come our way, the battle is to keep them as minor as possible.

Often, a real crisis is more easily manageable than a glitch.  A calm urgency can be insanely productive, as can being generally calm under pressure of any sort.  But give us something inconsequential that we have a few minutes to think over?  That’s a different story!

By all means start counting to ten before your anger gets to you.  Of course, take deep breaths and close your eyes to shut out the difficulty.  Do whatever you need to start battling an over the top reaction.  But once you’ve done this, get busy battling even more to get on with what you should be doing.

Personal thoughts are called personal for a reason.  The world hasn’t changed in a split second, but your thoughts can go off tangent in a blink.  With a firm awareness of your personal thoughts, you have the ability to turn your focus straight back to what really matters and stop wasting time worrying about everything else.

Once you start battling the quirks with confidence, you’re on the way to contentment with the world…whatever tries to get in your way.

29 September, 2008

Go further than reading

It doesn’t matter how much you read and how many inspirational quotes you consume.  If you don’t analyse what you’re reading and you fail to critically engage with the texts, you won’t reap the rewards.

Photo by Chaparral [Kendra]

Put your feet up...and ENGAGE with the text... Photo by Chaparral (Kendra)

Reading the study advice on this site and elsewhere may help you gain an insight into effective ways of working, but it doesn’t fit into place just because you’ve read about it.  Again, it requires action on your part to succeed.

Picture the following situation:

You were given an assignment a month ago and you thought there was more than enough time to write it up.  Now there’s just a day to go before it’s due in and you’ve done almost nothing toward it.  You’ve read the books and been to the lectures, sure, but you’ve still got to get the essay written.

So you work the whole day and most of the night on this assignment.  Your head hurts, you dose up on caffeine and you just want it all to end.

Finally it does.  You finish the essay and get it handed in.  Not a bad job, considering.

Yeah…considering.  But you know, deep down, you could have done a lot better here.

Do you recognise yourself in that situation?

This behaviour is dangerous.  You probably know that.

But it still happens.

Keep reading →

26 September, 2008

Penguins at Derby bringing students together

I’ve been checking out the shortlists for this year’s Times Higher Education Awards.  One entry stood out for me.  Shortlisted for the Marketing Initiative of the Year award, the University of Derby have achieved something impressive off the back of something so simple.

Photo by tobybarnes

Photo by tobybarnes

Derby’s shortlist mention on THE’s website explains all:

“Before their 2007 exams, Derby sent 3,300 applicants a squeezy penguin stress toy and a leaflet with exam and revision tips from an academic. A week later, the university followed up with an email encouraging applicants to take photos and videos of themselves with their penguin over the summer. The penguin became cult figure on social networking sites and helped Derby improve its conversion rate - the proportion of those offered a place taking up the offer rose from one in five to one in four.” [Source: THE]

This stood out for me as an effective way of engaging current students at a time of stress, it helped solidify a community spirit amongst the general populous of the university, and the promotion spread beyond campus onto social networking sites for the world to see.  In the process, prospective students were more likely to be drawn to Derby as a good place to study.

Let’s break it down:

Engage students at a time of stress - On a specific and local level, a penguin stress toy may seem somewhat gimmicky, albeit a bit of fun.  But combined with this were exam and revision tips, which genuinely do focus students on what they can do to achieve their best.  The point is, a number of students who received these tips will have been grateful for them.

This promotion didn’t involve hard sell, it simply held out a helping hand to students in need.

Help to solidify a community spirit - Universities have both staff and students, naturally.  The magic is to achieve two things:

  • Bring all students together as a community, working toward similar goals and understanding the benefits of focusing as a team;
  • Give students an awareness of staff’s purpose and vice versa, so each can appreciate the bigger picture.  In the process, help inspire an attitude of “We’re in this together”.

Firstly, Derby’s mailout gave tips to students from the expert viewpoint of an academic member of staff.  Good start.  Secondly, the e-mail to ask everyone to photograph or video themselves with the penguin over the summer break kept links alive with the uni.  They care about their students and want interaction.  Not everyone would jump at the chance, but that doesn’t matter when an enthusiastic selection of students take up the challenge.

Derby managed to turn a simple mailout into a ’social event’.  Students are more likely to feel part of a fun community.

Promotion spreads across the Internet and shouts out to prospective students - The simple things can deliver awesome results.  You could say that a squeezy penguin became a temporary mascot for Derby.  Even amongst those who didn’t know what the penguin was all about, the enigma of the penguins led to more interest in Derby, as well as a wish to have one of the prized penguins.

I’m genuinely impressed by how this promotion has worked on so many levels.  I wish the University of Derby the very best of luck and hope they get that Times Higher Education Award (due to be announced on 23 October 2008).

As I said at the start of this post, it’s a great achievement to make such a positive impact off the back of something simple.  Can any of you think of a time when you’ve been wowed by a simple gesture?  Do you feel a strong sense of community within your university, or would you like to see more done?