FEAR OF DEBT

Question 1

Callender and Jackson (2005)

Answer 1

a. They did a nationwide questionnaire survey of nearly 2,000 prospective students
b. Found that working class students are more debt-averse
c. Working class students saw more costs than benefits to go to university
d. The most debt-averse students were 5x less likely to apply than the most debt-tolerant students

Question 2

UCAS (2012)

Answer 2

As a result of increased tuition fees in 2012, the number of UK applicants fell by 8.6% compared to the previous year

Question 3

National Union of Students (2010)

Answer 3

a. Online survey of 3,863 students
b. 81% of those from the highest social classes received help from home
c. Whereas for the lowest working classes, this number was only 43%

Question 4

What does the fear of debt explain?

Answer 4

The fear of debt helps to explain wy only about 30% of the university students come from the working class, despite this group making up 50% of the population

Question 5

Reay (2005)

Answer 5

a. Working class students are more likely to apply to local universities to avoid accomodation and travel costs
b. They are also more likely to work whilst studying for their degree

Question 6

What rate is higher for universities with a large population of poor students?

Answer 6

The drop out rate:
London Metropolitan- 16.6%
Oxford- 1.5%

Question 7

National Audit Office (2002)

Answer 7

Working class students spent 2x as much time working to reduce their debts than middle class students