Business school offers MBA’s with deferred payment so students “Learn then Earn”
A business school is deferring tuition fees for some cash-strapped students until after they have graduated and their salary has risen 50 per cent, or if their salary doesn’t increase by half they won’t pay back a penny.
The London School of Business and Finance has launched its ‘Springboard Scholarship’ scheme to give 50 students the chance to freeze their course fees for two years, until they can afford to pay them back.
It is the first time a school in England and Wales has adopted the ‘buy now, pay later’ approach to learning and is seen by education experts as a solution to the crippling cost of university fees.
The ground-breaking scheme means LSBF students – where MSc, MIB, MBA and LLM courses are accredited by the Universities of Lincoln and Bradford and the Grenoble Graduate School of Business – won’t start repaying course costs of up to £20,000 until they get their foot on the career ladder and their salary increases by 50%.
LSBF’s career-focused courses cover disciplines such as accounting, law, business management and marketing, amongst others.
There are 50 places on The Springboard Scholarship available across 50 courses, including online and offline learning, with admissions from January. The offer is available to all UK and EU students, as well as students from the BRIC (Brazil, Russia, India and China) economies.