UK Education; Bank offers alternative financing
Anthony Osae-Brown asked:
Are you a student with plans of pursuing a masters or undergraduate degree in the United Kingdom or any part of the world in the September admission window? Then perhaps you should pay a visit to the nearest branch of Bank PHB as the bank is offering an optional route to finance your dream using the Bank PHB UK educational loan.
Parents and Guardians facing the strains of the current global financial crunch may find the Bank PHB education finance opportunity quite attractive. The loan provides the opportunity for sponsors or guardians to give their love ones quality education abroad by contributing a fraction of the cost of the programme (20% equity contribution) while Bank PHB provides the balance (80% contribution).
The Bank PHB educational loan is offering sponsors, parents or guardians the option of not of sourcing for the total cost of study in the UK. With the UK educational loan, parents can invest the funds that could have been used in educating their child in other productive ventures that will generate more income, while Bank PHB cater for 80 percent of the cost of study.
The Bank PHB UK educational loan covers the tuition, accommodation, living expense and return ticket to the UK or any other part of the world.
The advantages that come with the Bank PHB educational loan is that it reduces the pressure on the sponsor’s or the guardian’s cash flow as it allows the customer to make repayment conveniently over an agreed period of time.
It also gives parents or guardians the opportunity to save for their children’s education in the future, through education target savings account. This account attracts higher interest on deposits than the normal savings account.
There are two versions of Bank PHB educational finance facility. There is the Bank PHB educational loan and the Bank PHB UK educational loan. The PHB|UK Education Loan support postgraduate programmes only, in the UK, while PHB Education loan supports pre-university, undergraduate and postgraduate programmes as well as professional exams anywhere in the world.
However both variants of the Bank PHB education loan come with, flexible repayment options, tailored along the sponsor’s income pattern and provide funds to cover tuition, accommodation, and living expenses and return ticket up to a maximum of N5million.
The tuition fee and accommodation which is optional will be remitted to the school by the bank, while the living expense will be transferred to the student’s bank account in the country of study.
For students taking the Bank PHB UK educational loan option, the bank will offer a “quick turnaround time, upon submission of all relevant documentation while Bank PHB will also provide a Letter of Financial Guarantee to support Visa application for those applying for the PHB|UK Education Loan.
The Bank PHB Educational finance facility is available in branches of the bank however those desiring to take the loan must open an education target savings account in any branch of Bank PHB and build up or deposit 10 percent of the tuition fee of their proposed course of study.
For those who do not have an account with Bank PHB but desire the Bank PHB Educational loan in a hurry, they will have to open a current account, fill the PHB education loan application form and provide 20 percent equity contribution of the loan amount. The loan applicant will also have to provide a sponsor who must have a regular source of income as well as acceptable collateral which may be a fixed deposit, legal mortgage or domiciliation of salary and terminal benefit of the sponsor.
Caffeinated Content
Are you a student with plans of pursuing a masters or undergraduate degree in the United Kingdom or any part of the world in the September admission window? Then perhaps you should pay a visit to the nearest branch of Bank PHB as the bank is offering an optional route to finance your dream using the Bank PHB UK educational loan.
Parents and Guardians facing the strains of the current global financial crunch may find the Bank PHB education finance opportunity quite attractive. The loan provides the opportunity for sponsors or guardians to give their love ones quality education abroad by contributing a fraction of the cost of the programme (20% equity contribution) while Bank PHB provides the balance (80% contribution).
The Bank PHB educational loan is offering sponsors, parents or guardians the option of not of sourcing for the total cost of study in the UK. With the UK educational loan, parents can invest the funds that could have been used in educating their child in other productive ventures that will generate more income, while Bank PHB cater for 80 percent of the cost of study.
The Bank PHB UK educational loan covers the tuition, accommodation, living expense and return ticket to the UK or any other part of the world.
The advantages that come with the Bank PHB educational loan is that it reduces the pressure on the sponsor’s or the guardian’s cash flow as it allows the customer to make repayment conveniently over an agreed period of time.
It also gives parents or guardians the opportunity to save for their children’s education in the future, through education target savings account. This account attracts higher interest on deposits than the normal savings account.
There are two versions of Bank PHB educational finance facility. There is the Bank PHB educational loan and the Bank PHB UK educational loan. The PHB|UK Education Loan support postgraduate programmes only, in the UK, while PHB Education loan supports pre-university, undergraduate and postgraduate programmes as well as professional exams anywhere in the world.
However both variants of the Bank PHB education loan come with, flexible repayment options, tailored along the sponsor’s income pattern and provide funds to cover tuition, accommodation, and living expenses and return ticket up to a maximum of N5million.
The tuition fee and accommodation which is optional will be remitted to the school by the bank, while the living expense will be transferred to the student’s bank account in the country of study.
For students taking the Bank PHB UK educational loan option, the bank will offer a “quick turnaround time, upon submission of all relevant documentation while Bank PHB will also provide a Letter of Financial Guarantee to support Visa application for those applying for the PHB|UK Education Loan.
The Bank PHB Educational finance facility is available in branches of the bank however those desiring to take the loan must open an education target savings account in any branch of Bank PHB and build up or deposit 10 percent of the tuition fee of their proposed course of study.
For those who do not have an account with Bank PHB but desire the Bank PHB Educational loan in a hurry, they will have to open a current account, fill the PHB education loan application form and provide 20 percent equity contribution of the loan amount. The loan applicant will also have to provide a sponsor who must have a regular source of income as well as acceptable collateral which may be a fixed deposit, legal mortgage or domiciliation of salary and terminal benefit of the sponsor.
Caffeinated Content
Home Education in the UK
Andrew Pilling asked:
Education is no longer considered a privilege. In most jurisdictions, ‘education’ is considered as an indispensable part of a child’s rights.
In the UK, education has always commanded a high priority in the society. The government, in turn, has always adopted a liberal education policy, as highlighted from the laws of the land. That’s why the concept of Home Education (HE) has always been an integral part of society in the UK.
Why Home Education?
Due to a multicultural and plural society as prevalent in the UK, the reasons for parents to opt for Home Education may vary. Some of the common factors influencing parents’ decisions regarding the educational needs of their children include:
Religious, philosophical, or spiritual compulsions
Unsatisfactory school system
Lack of suitable schools in the locality
To meet the specific and/or special needs of some children, like those suffering from diseases such as Cerebral Palsy, autism etc.
Failure of child and school management to effectively tackle certain conditions in school, like bullying, corporal punishment etc.
Financial reasons etc.
Recently, the Parental Responsibility has emerged as one of the major reasons for Home-Educating children in the UK. More and more parents are trying to learn the art of true parenthood and are relishing the additional responsibility of being (actually) responsible for the growth of the thought process of the child.
Whatever may be the compelling circumstances, Home Education is here to stay, and is being increasingly preferred in the UK. An estimated 100,000 children between the ages of 5 and 16 are being given Home Education by their parents in the United Kingdom, and the figure is likely to increase in the coming years.
Benefits of Home Education
Home Education (tutorial-based teaching) has several advantages over classroom education (instructions-based teaching). Some of these include:
The child tends to receive individualistic and far more attention at home than at school.
Comfortable home environment in the company of parents gives the child an ideal environment to learn.
The absence of awe-inspiring teachers means quick feedback from the child to assess his/her learning capabilities.
The Child can learn at their own pace, and follow their own curriculum and interests.
Enhanced self-motivation and self-discipline in the child.
Instilment of parental values instead of peer values in the child.
Cultivation of courage to arrive at independent decisions.
Avoid destructive competition in search of better grades from the peers and fellow students.
Special children need special attention that can only be provided under home conditions.
Above all, as a parental responsibility of teaching your child, nothing is more beneficial and satisfactory than to take complete responsibility of your child’s education.
Shortcomings of Home Education
One must also consider some disadvantages of Home Education before deciding the academic future of the child. Some of these include:
Non-development of social skills due to the absence of interaction with peers and teachers.
Special expertise and skills required to teach may be lacking in the parents. Moreover, they might not be abreast of the latest technologies and teaching aids that might help the child learn better.
Even both the parents combined may not know all the subjects required for the proper education of the child.
Parents may ultimately spend a considerable amount of time equipping themselves with the skills to teach their child; thus, losing out on the chance to supplement the family income.
Laboratories, gyms, and other facilities provided by school authorities may not be accessible from home.
A child’s progress will not be adequately monitored, especially as they do not have to follow the National Curriculum or take SATs.
Home Education in UK – Legal Aspect
The UK is divided into different legal jurisdictions. For instance, there are different sets of laws applicable in England and Wales, Scotland, and Northern Ireland. However, substantially, all these jurisdictions follow similar legal principles and postulates, with minor variations.
Home Education has legal sanction in all three regions in the UK. Section 7 of the Education Act 1996 (England and Wales), Sections 30 of Education (Scotland) Act 1980, and Article 45 of Education and Libraries (Northern Ireland) Order 1986, are the relevant legal provisions that provide the requisite teeth to the concept of Home Education in the UK.
Here is the summary of these legalities as applicable in the UK:
Only ‘education’ is compulsory under UK laws and not ‘schooling’.
No qualification is prescribed for the parents desirous of giving Home Education to their child.
Parents are at absolute liberty to decide how they want their child to be educated at home.
No compulsion of following the National Curriculum or observing school hours.
Parents must ensure that their child receives an efficient full time education, suitable to his/her age, ability and aptitude, and to any special educational needs the child may have.
Parents are not legally obligated to inform the Local Education Authority (LEA) when they decide to educate their children at home. If the child has never been registered at a State school, or if you move to an area served by another LEA, you are not obliged to notify the LEA, although you may do so if you wish. If you are taking your child out of a state school in England or Wales, the head teacher must remove the child’s name from the register and inform the LEA. If your child has special needs and attends a special school, you need permission to deregister.
However, if you are withdrawing your child from a State school in Scotland, the LEA must be informed.
No special Government grants are available for Home Education in UK.
No formal tests are required to pass by the child. However, the LEA may ask for information informally at intervals to monitor your child’s progress.
There is no prohibition on the Home Education of a statemented child provided he/she is not attending a special school, in which case you need the consent of the LEA.
Home-Educated children can take GCSEs as private candidates or as students of correspondence courses. However, it is not compulsory to take GCSEs.
To address the concern for social deprivation of Home-Educated children, in many areas, home educators meet regularly for social, educational, and other activities. Children also attend clubs, classes, sporting and leisure activities in the community. Children get to interact with people of all ages as well as their peers.
Website content
Education is no longer considered a privilege. In most jurisdictions, ‘education’ is considered as an indispensable part of a child’s rights.
In the UK, education has always commanded a high priority in the society. The government, in turn, has always adopted a liberal education policy, as highlighted from the laws of the land. That’s why the concept of Home Education (HE) has always been an integral part of society in the UK.
Why Home Education?
Due to a multicultural and plural society as prevalent in the UK, the reasons for parents to opt for Home Education may vary. Some of the common factors influencing parents’ decisions regarding the educational needs of their children include:
Religious, philosophical, or spiritual compulsions
Unsatisfactory school system
Lack of suitable schools in the locality
To meet the specific and/or special needs of some children, like those suffering from diseases such as Cerebral Palsy, autism etc.
Failure of child and school management to effectively tackle certain conditions in school, like bullying, corporal punishment etc.
Financial reasons etc.
Recently, the Parental Responsibility has emerged as one of the major reasons for Home-Educating children in the UK. More and more parents are trying to learn the art of true parenthood and are relishing the additional responsibility of being (actually) responsible for the growth of the thought process of the child.
Whatever may be the compelling circumstances, Home Education is here to stay, and is being increasingly preferred in the UK. An estimated 100,000 children between the ages of 5 and 16 are being given Home Education by their parents in the United Kingdom, and the figure is likely to increase in the coming years.
Benefits of Home Education
Home Education (tutorial-based teaching) has several advantages over classroom education (instructions-based teaching). Some of these include:
The child tends to receive individualistic and far more attention at home than at school.
Comfortable home environment in the company of parents gives the child an ideal environment to learn.
The absence of awe-inspiring teachers means quick feedback from the child to assess his/her learning capabilities.
The Child can learn at their own pace, and follow their own curriculum and interests.
Enhanced self-motivation and self-discipline in the child.
Instilment of parental values instead of peer values in the child.
Cultivation of courage to arrive at independent decisions.
Avoid destructive competition in search of better grades from the peers and fellow students.
Special children need special attention that can only be provided under home conditions.
Above all, as a parental responsibility of teaching your child, nothing is more beneficial and satisfactory than to take complete responsibility of your child’s education.
Shortcomings of Home Education
One must also consider some disadvantages of Home Education before deciding the academic future of the child. Some of these include:
Non-development of social skills due to the absence of interaction with peers and teachers.
Special expertise and skills required to teach may be lacking in the parents. Moreover, they might not be abreast of the latest technologies and teaching aids that might help the child learn better.
Even both the parents combined may not know all the subjects required for the proper education of the child.
Parents may ultimately spend a considerable amount of time equipping themselves with the skills to teach their child; thus, losing out on the chance to supplement the family income.
Laboratories, gyms, and other facilities provided by school authorities may not be accessible from home.
A child’s progress will not be adequately monitored, especially as they do not have to follow the National Curriculum or take SATs.
Home Education in UK – Legal Aspect
The UK is divided into different legal jurisdictions. For instance, there are different sets of laws applicable in England and Wales, Scotland, and Northern Ireland. However, substantially, all these jurisdictions follow similar legal principles and postulates, with minor variations.
Home Education has legal sanction in all three regions in the UK. Section 7 of the Education Act 1996 (England and Wales), Sections 30 of Education (Scotland) Act 1980, and Article 45 of Education and Libraries (Northern Ireland) Order 1986, are the relevant legal provisions that provide the requisite teeth to the concept of Home Education in the UK.
Here is the summary of these legalities as applicable in the UK:
Only ‘education’ is compulsory under UK laws and not ‘schooling’.
No qualification is prescribed for the parents desirous of giving Home Education to their child.
Parents are at absolute liberty to decide how they want their child to be educated at home.
No compulsion of following the National Curriculum or observing school hours.
Parents must ensure that their child receives an efficient full time education, suitable to his/her age, ability and aptitude, and to any special educational needs the child may have.
Parents are not legally obligated to inform the Local Education Authority (LEA) when they decide to educate their children at home. If the child has never been registered at a State school, or if you move to an area served by another LEA, you are not obliged to notify the LEA, although you may do so if you wish. If you are taking your child out of a state school in England or Wales, the head teacher must remove the child’s name from the register and inform the LEA. If your child has special needs and attends a special school, you need permission to deregister.
However, if you are withdrawing your child from a State school in Scotland, the LEA must be informed.
No special Government grants are available for Home Education in UK.
No formal tests are required to pass by the child. However, the LEA may ask for information informally at intervals to monitor your child’s progress.
There is no prohibition on the Home Education of a statemented child provided he/she is not attending a special school, in which case you need the consent of the LEA.
Home-Educated children can take GCSEs as private candidates or as students of correspondence courses. However, it is not compulsory to take GCSEs.
To address the concern for social deprivation of Home-Educated children, in many areas, home educators meet regularly for social, educational, and other activities. Children also attend clubs, classes, sporting and leisure activities in the community. Children get to interact with people of all ages as well as their peers.
Website content
