- 1 The Origin of the School System in the UK
- 2 UK Education Modifications Since the 1870s
- 3 From the 1900s to Present
- 4 Becoming a Teacher Today
- 5 An Assessment of Educator Salaries
- 6 What Happens when Teachers Request Maternity Leave?
- 7 Payment Plans for Sick Leave
- 8 Educator Pensions
- 9 For what occasions short term loan can be used?
Research has shown that over a million individuals rely on payday loans annually and included in the majority of this group, are teachers. In the UK, government no longer oversees the wages of educators. What further impacts the financial security of teachers’ salaries is the lack of set income. The teacher salary is determined by overall performance in their profession. Standard of performance is assessed by the average examination results achieved by their students, sporting activities and overall grade progression. More educators are finding it hard to maintain a standard of living with a basic salary and a lack of significant salary increases. Looking at payday loans for teachers determines the efficacy of alternative financial options when economic difficulties are encountered.
There are many benefits of using the cheapest payday loans for teachers from Paydayiom. It’s a fast and easy solution to those challenging financial situations you may be faced with.
Rates from 35.9% APR to max 1304% APR. Minimum Loan Length is 3 months. Maximum Loan Length is 36 months. Representative Example: £250 borrowed for 3 months. Total amount repayable is £411.63 in 3 monthly instalments of £137.21. Interest charged is £161.63, annual interest rate of 292% (fixed). Representative 1192% APR (variable).
More payday lenders are noticing a rise in the number of educators seeking borrowed finances. The purpose of the following guide is to examine significant transformations in the history of the school system and the reasons more teachers are in search of the payday loan.
The Origin of the School System in the UK
The earliest educational systems included majority female teachers with an academic standard that was fair. In the early 1870s, the Education Act required that government address teacher salaries with increases related to student academics achievements.
UK Education Modifications Since the 1870s
According to the Balfour Act of the early 1900s, teachers were required to seek tertiary advancement to qualify. The educator was recognized as a true profession offering qualified teachers a degree to certify their training.
From the 1900s to Present
It was only in the late 1980s that a set educational program was created for government schools. All educators who excelled in student academics and sports would have the ability to earn higher salaries in the year 2000 according to the Performance Threshold requirement. It was only a decade later that educators’ salaries were diversified by their relative hiring institutions.
Becoming a Teacher Today
Applicants must receive training over 24 weeks including practical and theoretical study. The ITT or Initial Teacher Training provides basic certification to becoming a professional educator. A future teacher can also study at a postgraduate level for a Postgraduate Certificate in Education. The modern teacher is required to undergo significant training and postgraduate study to achieve their qualification. While This secondary or higher level of education calls for set pay and fair increases, the continuous change in the system and toggle between government and institutional wage regulation has left more teachers unable to manage on their regular salary or achieve their incentives.
Accessing a career as a teacher is considered flexible and available for persons of all ages who qualify. According the School Direct Scheme, studying to be an educator can be achieved through institutional support and the provision of a bursary or individuals receiving training are paid a meager wage as an uncertified teacher.
Statistics have revealed that just under 75% of teachers are female and enter the education system at the primary school curriculum. The professional teacher is adept to attending to the needs of younger children and is flexible, able to work regular and holiday hours.
An Assessment of Educator Salaries
According to the release of recent government figures, teachers who have just received their certification could be paid £22 000 annually. With additional experience in practical and theoretical applications, educators’ salaries rank between £39 000 right up to £60 000. The top-rated teachers in specific regions could earn £113 000 per year. These numbers are influenced by region specific rates
What Happens when Teachers Request Maternity Leave?
For both new and extended educational services, every teacher must receive at least 52 weeks of maternity leave. If they have completed 26 weeks of practice by week 15 before the birth date, they may qualify for Statutory Maternity Pay. Teachers will only receive 90% of their salary up to 6 weeks after which a set weekly pay is provided of just over £130.
Payment Plans for Sick Leave
Teachers who are a part of the Burgundy Book will accumulate their sick leave for 4 years reaching 100 days on full and on half pay after which it remains the same.
The average contribution for pension in the lower earning bracket is 7.4%. Higher salary earners include 11.7% contributions.
Teacher Strike Action
Recent strikes were held in 2017. Teachers are governed by unions. Demands included better pay and improved conditions for teaching in London where it has become more expensive to reside and travel.
Salaries Determined by Performance
For teachers to increase their pay, it is evaluated according to student performance criteria. Unfortunately, this system is flawed. Many teachers are evaluated according to a single lesson or exam outcome. It was 2016 that saw the highest number of teachers leave the profession.
The Payday Loans for Teachers
Professional payday loans providers have observed a rise in short term loan demands from teachers. Owing to the lower salary bracket for new teachers in the profession, cash loan operators are seeing a rise in the number of newly appointed teachers seeking these short-term loans. Owing to the expense of working in London and having to teach wherever they can find a secure position, most educators have the added living expenses of renting, utility bills and general travel costs when forced to move away from the comfort and financial support of their families. Rentals alone can reach over £700 per month taking strain on a small salary. It results in increased reliance on the shorter termed payday loans for teachers.
Performance based pay systems and a new curriculum would severely restrict the financial capacity of a new teacher. Achieving the targeted increases through student performance is compounded by negative pupil attitudes and schools with a poor academic reputation. These difficulties have caused more teachers to seek alternative short term financial aid in the form of a teacher pay day loan.
Both newly certified and extensively experienced teachers encounter financial difficulties as their regular salaries are insufficient to address their changing living standards. Payday loans are made available for the unique and changing financial needs of educators. As a professional short-term cash lender, teachers can benefit from these fast loans to address their economic requirements.