pippy Posted March 2, 2012 Share Posted March 2, 2012 It was announced on Wednesday that a sizeable chunk of the Ertegun fortune is to be donated to the University to create "graduate scholarships in perpetuity in fields across music, literature, history, archaeology and art history." Ertegun was the founder of Atlantic Records and was responsible for offering contracts to acts such as Ray Charles, Aretha Franklin, Otis Redding and Led Zeppelin to name just a few. It was after the tribute concert held in his memory in 2007 - which, famously, Zep headlined - that ties linking his widow, Mica, with the academia of this country led to the gift being made. At a time when the, eerrrmmmm, interests of 'certain members of this country with lots of power' are trying to destroy the Humanities Faculties across the board it's refreshing to be able to read some good news - albeit one where it's neccessary to obtain a place at Oxford Uni to benefit. Mr. Ertegun would be proud, and rightly so. P. Link to comment Share on other sites More sharing options...
Searcy Posted March 2, 2012 Share Posted March 2, 2012 I thought University was free for all in the U.K. Link to comment Share on other sites More sharing options...
pippy Posted March 2, 2012 Author Share Posted March 2, 2012 I thought University was free for all in the U.K. Not quite. It used to be the case that students could apply for a grant to pay for the University fees but that changed a while back. The biggest change however is about to come into effect. Under new legislation Universities are going to be able to charge course fees of 'up to £9,000' ($14,256.88 at today's rate) per year; so that's £27,000 ($43,000) for an 'Ordinary' degree and an eye-watering £36,000 ($57,000) for an 'Honours' course. You can get a Student Loan which you pay back when you get a job. Imagine finishing your studies and being already that much in debt?! It is, of course, being argued about but little seems to be able to be done to stop it taking effect from this Autumn. The present government claim they are 'very surprised' that so many Universities have opted to charge the full £9,000 upper limit. P. Link to comment Share on other sites More sharing options...
Versatile Posted March 2, 2012 Share Posted March 2, 2012 I thought University was free for all in the U.K. It used to be, but has in recent years changed considerably, even before the current economic problems kicked in University students now have to pay tuition fees, with certain exclusions for Scotland This results in most UK students graduating from university with debts running to £10,000's A controversial issue to say the least.... V Link to comment Share on other sites More sharing options...
Searcy Posted March 2, 2012 Share Posted March 2, 2012 Yea, now I remember. That's what last years London riots were supposed to be about if I recall correctly. Link to comment Share on other sites More sharing options...
TinyBabyBrandon Posted March 2, 2012 Share Posted March 2, 2012 Not quite. It used to be the case that students could apply for a grant to pay for the University fees but that changed a while back. The biggest change however is about to come into effect. Under new legislation Universities are going to be able to charge course fees of 'up to £9,000' ($14,256.88 at today's rate) per year; so that's £27,000 ($43,000) for an 'Ordinary' degree and an eye-watering £36,000 ($57,000) for an 'Honours' course. You can get a Student Loan which you pay back when you get a job. Imagine finishing your studies and being already that much in debt?! It is, of course, being argued about but little seems to be able to be done to stop it taking effect from this Autumn. The present government claim they are 'very surprised' that so many Universities have opted to charge the full £9,000 upper limit. P. Welcome to the United States. A one time gal pal of mine graduated from the Carnegie Mellon masters program with a mind numbing 250,000 dollar student loan debt. $43000 sounds just about average to me. Link to comment Share on other sites More sharing options...
rocketman Posted March 2, 2012 Share Posted March 2, 2012 Wow that's amazing. Hmm, maybe I should apply for a position there? Link to comment Share on other sites More sharing options...
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