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Report
what’s4me? Class Material
Introduction
•Deciding what you want to do after Year 11 is very
important for your future, so its a good idea to start
thinking about it now
•Today we are going to talk about the different options
available to you, and how you can decide what’s the
best one for you
What sorts of things matter for your future?
• Whether or not you stay in education after year 11
• How long you stay in education for
• If you go into higher education:
—What subject you choose to study
—Which university to go to
These decisions will affect whether you get a job and
how much you earn! We will go through each in turn
Staying on matters…for whether you get a job
Women who left full-time education at different ages
You are more
likely to get a job
if you stay on in
education!
76% who stayed in education
until age 18/19 have jobs
63% who left
school at 16
levels have jobs
84% who
went to
higher
education
have jobs
Staying on matters…for whether you get a job
Men who left full-time education at different ages
You are more
likely to get a job
if you stay on in
education!
87% who left
school at 16
levels have jobs
91% who stayed in
education until
18/19 have jobs
95% who
went to
higher
education
have jobs
Staying on matters…for how much you earn
Women who left full-time education at different ages
You are likely to
earn more on
average if you
stay in
education!
Those who left
at 16 earn
about £17,000
Those
whodid
stay
75%
who
A’in
education
levels
haveuntil
jobsage
18/19 earn £22,000
Those who
went to
higher
85% who
education
went to
earn
about
university
£32,000
have jobs
Staying on matters…for how much you earn
Men who left full-time education at different ages
You are likely to
earn more on
average if you
stay on at school!
Those who
leave at 16 earn
about £22,000
Those
who
75%
who
didstay
A’ in
education
until age
levels
have jobs
18/19 earn £27,000
Those who
go to
higher
education
85% who
earn about
went to
£38,000
university
have jobs
So on average people going to
university earn £15,000 a year
more than people who leave
school with just GCSEs. That
doesn’t seem like a lot!
It is over a
person’s entire
working life! If
you work for 40
years, that’s
£600,000!
But why do
women earn
less than men?
There are lots of reasons!
1. Women often take time out to have
children so their earnings can fall
behind
2. Women often decide to do different
types of job than men
But don’t forget that while wages
for men are slightly higher, women
and men who stay on at school or
go to university still earn more than
those who don’t!
Will we really
earn the
average? Maybe
I’m a superstar!
No. It depends on lots of other things!
- What sort of job you get and how
good you are at it.
- The state of the economy when we
are older.
- We also have to think about lifestyle
choices. What if we have children?!
Average wages just give a rough guide.
Useful information but not a crystal
ball!
Staying on matters…and there will be help
available if you decide to go to university
• By the time you are at the age where you can go to
university, the costs will be quite different from today
• In 2012, tuition fees will be about £8,500 per year
• Some universities may charge less, and some may charge
more, but fees will never be higher than £9,000 per year
• This may sound like a lot of money – but you don’t have to
pay this until after you have left university and got a job!
— You can borrow the money from the student loans company
— And you only pay back 9% of your earnings over £21,000
— So if you don’t have a job you don’t pay anything
—And if you were earning £25,000 a year, you’d only pay back
£7 a week!
Staying on matters…and there will be help
available if you decide to go to university
• You will also be able to get a student loan for living
costs, and this is paid off in the same way as the fee loan
• In 2012, everyone applying for this loan will receive
between £3,575 and £5,500 per year
•There are also student grants – this is money that you
don’t ever have to pay back!
•Those from families with income of less than £25,000
can get £3,250 per year. Those from families with
income between £25,000 and about £42,000 per year
can receive a smaller grant.
You don’t have to pay anything up front, and you can get loan and grant money
to live on while you’re studying. So everyone can afford to go to university!
Staying on matters…and there will be help
available if you decide to go to university
There will also be scholarships available for those from
low income backgrounds. This is called the National
Scholarship Programme. If your family income is
£25,000 or less, you will be eligible. The help available
varies depending on which university or college you go
to. It might include help with tuition fees,
accommodation, a cash bursary of up to £1,000 or other
help. This money doesn’t affect your maintenance loan
or grant.
For this we need to get information on 'area cost adjustments' at local authority level - the indices that are used to weight the
But is it still worth going to
university?
If my fees are £8,500 per year
and I take out a maintenance
loan too, I could be in over
£30,000 of debt by the end !!!
Of course it is!
For example, at age 30, a
man who left school at 18
will earn on average
£27,000, but a man with a
degree will be earning
£38,000 on average. That’s
£11,000 more (on average)
just in that year. Over time
this adds up!
3 years of debt < lots of
years earning more money
because of higher education
The subject you study at uni matters…for how
much you earn (on average)
Average yearly earnings for women aged 30
But remember.
Money isn’t
everything…!
A vet earns
about £27,000
A lawyer earns
about £39,000
The subject you study at uni matters…for how
Someone doing
much you earn (on average)
business studies
Average yearly earnings for men aged 30
But remember.
Money isn’t
everything…!
Someone doing art
may earn about
£30,000
may earn about
£43,000
The subject you study at uni matters… for the job
you want to do! Its important to find out what
subject you should study…
I want to be a
vet!
Go to
www.whats4me.co.uk
to find out what subject
you need. Or email
[email protected]
The university you go to matters…for how much
you earn
Studying Biology: annual salary 6 months after graduation (£)
Bristol
Portsmouth
university university
Average of
all
universities
Someone
studying
biology at
Bristol could
earn nearly
£5k more than
someone
studying at
Portsmouth!
But what if I
don’t want to go
to university? I
might want to be
a plumber!
You’ll still need a Level 3
qualification if you want to earn
more than the average! That means
•A levels
•City and Guilds
•NVQ
There’s all sorts of courses
you can do and advice you can get!
Destination:
Level 3
You’re far more likely
to earn more than
average if you get a
level 3 qualification (or
higher). So don’t stop
at Level 1 or 2 – stay on
the bus to Level 3!!!
Don’t
get off
the bus!!!
Where can I find out more?
On the Whats4me website!
How to access the
website…………………..

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