Bad news for universities as retention rates stall for the sixth consecutive year
Nearly 6% of university students drop out after their first year according to research.
A study by Social Market Foundation has found almost 6percent of undergraduate students quit their course after a year. The figure is higher among pupils from disadvantaged backgrounds with 8percent of students leaving. The report highlights the continuing difficulties which universities face in increasing retention rates, which have ranged between 6 and 7percent since 2009.
The report states statistics are as high as one-in-five at London Metropolitan University and at 20 other universities in England, data shows one-in-ten leave, while London scores 9.6percent. However, when compared to other countries England has a high retention rate.
Findings from the National Union of Students claim financial difficulties are the primary factor leading to a lack of momentum in increasing retention numbers: “Research by the National Union of Students in 2012 found that financial difficulty was students’ main reason for contemplating leaving their education. Many of our students do not have access to financial support beyond their student loans. To respond to this, last year we introduced £3,000 cash bursaries for students who would have qualified for the state maintenance grant to provide extra support to students from low-income households.”
For students beginning their studies in the 2016 academic year arranging sufficient finances is a must. Understanding the implications of your loan is vital. It’s difficult. We know. But, take a look at some of our guides. You will find some inspiration. Promise.