Oct 2012 – Lloyd’s Community programme has awarded bursaries to two London sixth formers.
The university academic year starts in earnest this month, and according to www.thisismoney.co.uk, University students starting degrees this Autumn will be saddled with an astonishing £53, 330 of debts by the time they emerge three years later into the jobs market. However, thanks to a bursary awarded by Lloyd’s Community Programme, this debt will be significantly reduced. Mohammed Khan, studying audiology at Southampton and Bessey Karadag, studying psychology at Coventry will each receive £15, 000 over three years as part of a scheme which provides inner-city London students from Cambridge Heath Sixth Form, the opportunity to study at establishments away from home, which would be difficult for them to access otherwise.
To minimise living costs, many students from low-income families within Tower Hamlets borough often choose to study at a London university rather than leave the city, which can limit their university choices and ambitions. Bessey said, “I was always passionate about going to university but didn’t realise how expensive it would be. I am looking forward to being independent for the first time and the bursary means I can concentrate on my studies and not have to work during term-time.” The scheme is targeted at students who would otherwise not be able to attend university outside London, and who are often the first in their families to go to university. Mohammed said, “My dad really wants to say thank you because this bursary will change everything. My family are extremely proud and thankful towards Lloyds for the support that they have provided. I can now enjoy university life and achieve things for myself.” The University Bursary Scheme is part of Lloyd’s Community Programme – the insurance market’s commitment to build a stronger local community in Tower Hamlets. The scheme is just one aspect of a wider programme of support offered to Tower Hamlets students looking to pursue further education. The scheme – now in its second year – has so far pledged over £45, 000.
Vicky Mirfin, Corporate Social Responsibility Manager said, “The bursaries are a fantastic opportunity for inner-city London students with talent and ambition to pursue further education and experience life outside London. Lloyd’s keeps in contact with its bursary recipients and will continue to support them throughout their studies.”