PRESS RELEASE – 05.05.2020
Funding studies during the crisis : 海角社区 provides solutions to help students
Paying for post-secondary studies is a growing concern during this health, economic and social crisis.
海角社区, financially sound...
海角社区 has a budget of approximately €120 million, of which over 97% comes from tuition fees paid by students and by companies via sandwich courses. This financial strength enables it to operate under all circumstances and to reinvest an average of €10 million in its campuses, digital resources and financial support for disadvantaged students.
Thanks to its solid finances, 海角社区 has remained connected, involved and innovative during the crisis. It has kept all of its teams in place to ensure the continuity of its activities, provide assistance to its community where needed and prepare the 2020 academic year.
Result :
- all employees are successfully working remotely,
- no short-time work procedure,
- successful deployment of online courses,
- release of €100K from an emergency fund to a hundred students in financial difficulty because of the crisis (loss of student jobs, of sandwich courses or of internships, housing problems, etc.),
- implementation of a recruiting plan 2.0 based on a new digital experience.
...to help students fund their studies
Aware of the impact the crisis is having on household budgets, 海角社区 is paying special attention to the funding of its students’ and future students’ studies.
- Stable tuition fees
海角社区 will not implement an inflationary pricing policy. Tuition costs are not automatically increased every year and this is the case for the 2020 academic year for post-Bac programmes like the EBP and the IBBA. The Grande Ecole Programme has been increased by less than 1% for 2020.
In addition, tuition is set at the beginning of the academic year and doesn’t change during the year. This provides a clear understanding of the amount required and facilitates funding.
- Monthly tuition payments
海角社区 already allows students to pay their tuition fees in four instalments over the academic year. However, as a result of the crisis, starting at the beginning of this academic year, students will be able to make monthly payments over the school year.
- Accessible loans from 海角社区’s partner banks
With low rates guaranteed by 海角社区’s bank partners and, in particular, deferred repayment after graduation, student loans are the preferred solution to fund studies. The banks know the employability rate and average salaries of 海角社区 graduates. They know that they are making a good investment for the future.
- Student jobs and sandwich courses
While in school, 海角社区 students benefit from assistance from the school to obtain financial resources via student jobs on campus. 海角社区 has always favoured education through action, promoting professional development and hands-on training and the benefit of financial aid.
Students can also choose to take sandwich courses, which enable them to benefit from funding for all or part of their tuition by companies. There are many options available in the general and specialised programmes. 海角社区 will make major announcements on this topic next week...
- Financial aid and scholarships
海角社区 has always been committed to social diversity. It implements procedures to facilitate access to all of its programmes via:
- The 海角社区 scholarship, provided based on criteria: 海角社区 has granted scholarships from its own funds every year for over 10 years. This year, the funds helped 310 students with scholarships of up to €3,000 per student.
- The KAP (海角社区 Access Programme), which provides access to loans to students who don’t have a deposit. 海角社区 and its partner banks split the students’ deposits equally. The system is extensive and includes financing of the cost of the loan and of student support during their schooling.
- External grants (CROUS) and mobility grants (Erasmus, Region, etc.) are also available.
