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Young people set to miss out on £4,000 a year by dropping out
Students opening their GCSE results this Thursday (25 August 2005) could see their lifetime earnings increase by up to £4,000 a year, but only if they stay in education and training - which they can now be paid to do with an Education Maintenance Allowance (EMA).
Official figures reveal that staying on to gain A-levels, GNVQ level 3s, or retaking GCSEs, can increase a person's earning power by up to £4,000 a year or a quarter (24 per cent) more than someone who leaves education without good GCSEs. This means that over their lifetime, a young person who gains further education qualifications, such as A-Levels, will earn £185,000 more than some of their peers. Those who leave education without good GCSEs can expect to earn £16,739 whereas a young person with FE qualifications earn on average £20,692 a year. The findings show that retaking exams to achieve five GCSEs at grade A-C, including English and Maths, can also increase a person's earning power by 9 per cent on average - almost £1,400 a year - more than someone leaving education without key GCSEs. As a result of the statistics, young people have been urged not to let immediate financial pressures put them off further education or training by applying for EMA. The scheme provides a weekly allowance for students who continue in education and training following GCSEs. Young people who may need to re-take their GCSE results can also qualify for the Allowance. All 16-year-olds in England from a household with an annual income of £30,000 or less who stay on at college or school are eligible for the EMA. The scheme allows payments of £10, £20 or £30 a week in return for commitment to study. Additional benefits of up to £500 over two years are also available for meeting certain targets. Trevor Fellowes, Head of Learner Support at the Learning and Skills Council, which operates EMA, said: "These statistics prove the financial benefits of further education to all young people. By staying on to do an academic, vocational or retake course, young people will be setting themselves up for a better future. "With EMA available nationwide for the second year, all young people have the choice to stay on in further education and develop their talents so they can enjoy a successful and rewarding future. "EMA helps ensure young people don't have to finish their education for financial reasons. We are urging all young people to call the EMA helpline to find out if they are eligible for extra cash while they study. The ongoing success of EMA will help us reduce the amount of young people not in education, employment or training post-16." For advice and information on how to apply for the EMA call 080 810 16219 or visit the web-site www.direct.gov.uk/ema for application packs. For people with speech and hearing difficulties who use textphone, please call 0800 056 5344. Employment rate and gross weekly earnings: by highest qualification, spring 2003 United Kingdom Employment Rate Gross weekly Earnings Percentages £ per week No qualification 49.9 297.85 Other qualifications 71.0 345.96 5 GCSE grades A-C or equivalent 75.4 350.19 A Level / GNVQ level 3 or equivalent 78.0 397.94 Higher education 85.5 475.63 Degree or equivalent 88.0 631.70 - Ends- For media enquiries please contact: Suzie Barrett, Band & Brown Communications: T 0207 419 8618, M: 07813 203423 E.
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Simon Francis, Band & Brown Communications, T: 020 7419 7340, M: 07747621945, E:
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Notes to editors: This press release applies to England only. Separate EMA schemes are operated by the administrations for Scotland, Wales and Northern Ireland. What are the key features of EMA? * Weekly payments bands of £30, £20 and £10 per week, depending on household income * Bonus payments of £100 (worth up to £500 in total over 2 years) * Available for both academic and vocational study, up to level 3, which can include courses such as basic skills GCSE retakes, GNVQs, NVQs, as well as AS and A2s * No other household benefits are affected * Young people can still have a part-time job Who is eligible? * Young people born between 01/09/1987 - 31/08/1989 are eligible to receive or to continue receiving EMA from September 2005 (i.e. they will be aged 16 or 17 at the start of the 2005 / 6 academic year) * Those young people living in one of the 56 pilot areas and born between 01/09/1986 - 31/08/1987 may also be eligible * Those whose household income is up to £30,000 * Those doing at least 12 hours a week of guided learning on further education courses in school sixth forms, sixth form colleges, FE colleges and other non-standard educational institutions * You must also be a UK national born here or have UK citizenship or a UK passport with three years' continuous residence in the UK prior to the start of your course; OR have 'indefinite leave to remain or enter' or refugee status; OR come from a European Union or European Economic Area country and have lived in the UK for at least three years * If a young person lives overseas as part of a family serving with HM Forces or the Ministry of Defence, they should call the Children's Education Advisory Service (CEAS) on +44 1980 618 244 for advice on EMA Application Evidence of an applicant's household income for the previous tax year 2004/2005 and proof of the individual's operational bank account are required Eligible applicants will receive a Notice of Entitlement explaining how much they will receive once enrolled on a course and start attending school or college EMA Contract Once enrolled, the student must attend all course sessions and sign an EMA Contract with their school or college. The contract sets out what is expected in terms of attendance, coursework and progress Further information For more information logon to the EMA website on www.direct.gov.uk/ema or call free on 080 810 16219 (some mobile operators may charge for calls made to this number) LSC The LSC exists to make England better skilled and more competitive. We are responsible for planning and funding high-quality vocational education and training for everyone. We have a single goal: to improve the skills of England's young people and adults to world-class standards. Our vision is that by 2010, young people and adults in England have the knowledge and skills matching the best in the world and are part of a truly competitive workforce. Established in 2001, we work nationally, regionally and locally from a network of offices across the country. Notes: 'Employment rate and gross weekly earnings by highest qualification.' Source: Labour Force Survey, Office for National Statistics, spring 2003 - the latest figures available. People with a highest qualification of A-levels or equivalent earn 397.94 per week, on average (multiplied by 52 gives an average annual salary of 20,692.88). The gap between the average annual salaries of someone with FE (Level 3) qualifications and someone who leaves school without Level 2 qualifications is therefore £3953.56. Assuming a person who leaves school after GCSEs will work until 65, £3953.56 multiplied by the number of working years (47 - 49, minus the two additional years someone who leaves education at 16 will work compared to someone who leaves at 18) equals a lifetime salary difference £185,817.32 on average. 'Employment rate and gross weekly earnings by highest qualification.' Source: Labour Force Survey, Office for National Statistics, spring 2003 - the latest figures available. People with a highest qualification of five GCSEs, grade A-C, including Maths and English (i.e. Level 2 Qualifications), earn on average £350.19 per week on average (multiplied by 52 gives an annual salary of £18,209.88). Those without these qualifications earn £345.96 a week with some qualifications or £297.85 without qualifications at all - an average of these two figures is £321.91 (£16,739 a year). The gap between the average annual salaries is therefore £1470.56. Assuming a person who leaves school at this point (aged 16) will work until 65, £1470.56 multiplied by 49 years equals a lifetime salary difference of £72,057.44. Employment rate figures exclude respondents with hourly pay greater than £100 or those who did not report an hourly wage. Also excludes those who did not know their highest qualification level.
Welcome to Black Net Uk the central source for Content, Local and International News, Articles, Gossip, Information and Campaigns. Total user powered content: Every article on Black Net is submitted by users who discover, share and promote content that's important to you and the African and Caribbean Community from Britain and around the world. 
Students opening their GCSE results this Thursday (25 August 2005) could see their lifetime earnings increase by up to £4,000 a year, but only if they stay in education and training - which they can now be paid to do with an Education Maintenance Allowance (EMA).
Official figures reveal that staying on to gain A-levels, GNVQ level 3s, or retaking GCSEs, can increase a person's earning power by up to £4,000 a year or a quarter (24 per cent) more than someone who leaves education without good GCSEs. This means that over their lifetime, a young person who gains further education qualifications, such as A-Levels, will earn £185,000 more than some of their peers. Those who leave education without good GCSEs can expect to earn £16,739 whereas a young person with FE qualifications earn on average £20,692 a year. The findings show that retaking exams to achieve five GCSEs at grade A-C, including English and Maths, can also increase a person's earning power by 9 per cent on average - almost £1,400 a year - more than someone leaving education without key GCSEs. As a result of the statistics, young people have been urged not to let immediate financial pressures put them off further education or training by applying for EMA. The scheme provides a weekly allowance for students who continue in education and training following GCSEs. Young people who may need to re-take their GCSE results can also qualify for the Allowance. All 16-year-olds in England from a household with an annual income of £30,000 or less who stay on at college or school are eligible for the EMA. The scheme allows payments of £10, £20 or £30 a week in return for commitment to study. Additional benefits of up to £500 over two years are also available for meeting certain targets. Trevor Fellowes, Head of Learner Support at the Learning and Skills Council, which operates EMA, said: "These statistics prove the financial benefits of further education to all young people. By staying on to do an academic, vocational or retake course, young people will be setting themselves up for a better future. "With EMA available nationwide for the second year, all young people have the choice to stay on in further education and develop their talents so they can enjoy a successful and rewarding future. "EMA helps ensure young people don't have to finish their education for financial reasons. We are urging all young people to call the EMA helpline to find out if they are eligible for extra cash while they study. The ongoing success of EMA will help us reduce the amount of young people not in education, employment or training post-16." For advice and information on how to apply for the EMA call 080 810 16219 or visit the web-site www.direct.gov.uk/ema for application packs. For people with speech and hearing difficulties who use textphone, please call 0800 056 5344. Employment rate and gross weekly earnings: by highest qualification, spring 2003 United Kingdom Employment Rate Gross weekly Earnings Percentages £ per week No qualification 49.9 297.85 Other qualifications 71.0 345.96 5 GCSE grades A-C or equivalent 75.4 350.19 A Level / GNVQ level 3 or equivalent 78.0 397.94 Higher education 85.5 475.63 Degree or equivalent 88.0 631.70 - Ends- For media enquiries please contact: Suzie Barrett, Band & Brown Communications: T 0207 419 8618, M: 07813 203423 E.
This email address is being protected from spam bots, you need Javascript enabled to view it
Simon Francis, Band & Brown Communications, T: 020 7419 7340, M: 07747621945, E:
This email address is being protected from spam bots, you need Javascript enabled to view it
Notes to editors: This press release applies to England only. Separate EMA schemes are operated by the administrations for Scotland, Wales and Northern Ireland. What are the key features of EMA? * Weekly payments bands of £30, £20 and £10 per week, depending on household income * Bonus payments of £100 (worth up to £500 in total over 2 years) * Available for both academic and vocational study, up to level 3, which can include courses such as basic skills GCSE retakes, GNVQs, NVQs, as well as AS and A2s * No other household benefits are affected * Young people can still have a part-time job Who is eligible? * Young people born between 01/09/1987 - 31/08/1989 are eligible to receive or to continue receiving EMA from September 2005 (i.e. they will be aged 16 or 17 at the start of the 2005 / 6 academic year) * Those young people living in one of the 56 pilot areas and born between 01/09/1986 - 31/08/1987 may also be eligible * Those whose household income is up to £30,000 * Those doing at least 12 hours a week of guided learning on further education courses in school sixth forms, sixth form colleges, FE colleges and other non-standard educational institutions * You must also be a UK national born here or have UK citizenship or a UK passport with three years' continuous residence in the UK prior to the start of your course; OR have 'indefinite leave to remain or enter' or refugee status; OR come from a European Union or European Economic Area country and have lived in the UK for at least three years * If a young person lives overseas as part of a family serving with HM Forces or the Ministry of Defence, they should call the Children's Education Advisory Service (CEAS) on +44 1980 618 244 for advice on EMA Application Evidence of an applicant's household income for the previous tax year 2004/2005 and proof of the individual's operational bank account are required Eligible applicants will receive a Notice of Entitlement explaining how much they will receive once enrolled on a course and start attending school or college EMA Contract Once enrolled, the student must attend all course sessions and sign an EMA Contract with their school or college. The contract sets out what is expected in terms of attendance, coursework and progress Further information For more information logon to the EMA website on www.direct.gov.uk/ema or call free on 080 810 16219 (some mobile operators may charge for calls made to this number) LSC The LSC exists to make England better skilled and more competitive. We are responsible for planning and funding high-quality vocational education and training for everyone. We have a single goal: to improve the skills of England's young people and adults to world-class standards. Our vision is that by 2010, young people and adults in England have the knowledge and skills matching the best in the world and are part of a truly competitive workforce. Established in 2001, we work nationally, regionally and locally from a network of offices across the country. Notes: 'Employment rate and gross weekly earnings by highest qualification.' Source: Labour Force Survey, Office for National Statistics, spring 2003 - the latest figures available. People with a highest qualification of A-levels or equivalent earn 397.94 per week, on average (multiplied by 52 gives an average annual salary of 20,692.88). The gap between the average annual salaries of someone with FE (Level 3) qualifications and someone who leaves school without Level 2 qualifications is therefore £3953.56. Assuming a person who leaves school after GCSEs will work until 65, £3953.56 multiplied by the number of working years (47 - 49, minus the two additional years someone who leaves education at 16 will work compared to someone who leaves at 18) equals a lifetime salary difference £185,817.32 on average. 'Employment rate and gross weekly earnings by highest qualification.' Source: Labour Force Survey, Office for National Statistics, spring 2003 - the latest figures available. People with a highest qualification of five GCSEs, grade A-C, including Maths and English (i.e. Level 2 Qualifications), earn on average £350.19 per week on average (multiplied by 52 gives an annual salary of £18,209.88). Those without these qualifications earn £345.96 a week with some qualifications or £297.85 without qualifications at all - an average of these two figures is £321.91 (£16,739 a year). The gap between the average annual salaries is therefore £1470.56. Assuming a person who leaves school at this point (aged 16) will work until 65, £1470.56 multiplied by 49 years equals a lifetime salary difference of £72,057.44. Employment rate figures exclude respondents with hourly pay greater than £100 or those who did not report an hourly wage. Also excludes those who did not know their highest qualification level. 
Kennedy