10th November 2011, 1:23pm
Lincoln supports Independent Task Force on Student Finance Day
The Student Finance Day 2011 Logo The University of Lincoln is running a live online Q&A session between 5-8pm on 14 November 2011 as part of the national campaign dedicated to explaining the changes to student finance in England.

The event is taking place as part of Student Finance Day, which is headed by consumer campaigner Martin Lewis of MoneySavingExpert.com.  The day will see universities, schools and colleges work together to ensure prospective students, their parents, teachers and the media all understand the implications of the new student finance system in England from 2012.

Student Finance Day is the first national day of its kind and aims to ensure people understand how the new student finance package works before they make a decision as to whether they can afford to go to university.

Deputy Vice-Chancellor at the University of Lincoln, Professor Scott Davidson, said:
“Student Finance Day is an excellent opportunity to let students and parents know that if you want to go to university you can. We know that there are still people who are confused by the new finance system and may be put off from applying to university because they believe that they cannot afford to.

“Our live online Q&A session is for anyone who would like specific information about the new system, whether they’re a student, a parent, a teacher or someone who advises young people. It will be manned by expert advisors from across the University who will endeavour to answer each individual's questions.”

Recent findings from a YouGov poll highlight the lack of understanding about the new system among the general public. The statistics show that 59 per cent of people in England feel they have little or no understanding of the new finance system for higher education and less than 37 per cent know that nobody needs to pay up-front.

Martin Lewis, head of the Independent Taskforce on Student Finance Information, said: “We have a near national crisis with the perception of student loan 2012 debt in England. Prospective students are making their decision based on headline fee levels rather than how much it’s actually likely to cost them. Many students, especially from lower income families, are unnecessarily being put off.  We need to ensure they understand how it really works so they can make an informed decision.

“We want to help with the great work I know is already happening to try and explain what the changes will mean and how they’ll work. As part of this we’ve picked a day to try and focus the attention, and that will see schools, colleges, universities and money advisors all work together to make things happen.”

Student Finance Day is being coordinated by the Independent Taskforce on Student Finance Information, chaired by Martin Lewis of MoneySavingExpert.com, alongside the National Association of Student Money Advisers (NASMA) and the Higher Education Liaison Officers Association (HELOA). The Independent Taskforce on Student Finance Information was established to help ensure students understand the true cost of their education after the 2012 English student finance changes.

To take part in the University of Lincoln’s live online Q&A session on Monday 14 November go to http://www.lincoln.ac.uk/home/studentfinanceday between 5pm-8pm.

For more information about student finance visit www.studentfinance2012.com
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