BPP increases law school fees to £16,500
02 December 2011
BPP University College law school is to raise its fees by 5% for next year's intake, taking the cost of the Bar Professional Training Course to £16,540 in London.
The rises are across the board. LPC fees go up £650 to £13,550 and GDL fees up £450 to £9,400, but it's the BPTC fees which have provoked the greatest reaction within the market. Especially as only about 12% of BPTC grads will ever practise as barristers and years of oversubscription have left hundreds fighting for an ever-declining number of posts.
Although BPP, in common with other law schools,
makes applicants aware of just how unlikely they are ever to use their qualification, the university will take just about anyone's money, the sole entrance requirement being a 2:2 from Crumbsville Poly. Which is surely just throwing fuel on the already towering inferno of unused wigs.
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Something young barristers cannot imagine
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Banks remain extremely unwilling to advance loans, especially for a career path as precarious as the Bar. One of the very few still offering finance is BPP's exclusive partner Investec, which offers a five year loan at a not-very-cheap 9.9% APR. RollOnFriday mathematicians attempted to work out just how much a full-time BPTC student at BPP London would need to repay to Investec if they took out a loan to cover the full fees (NB fees are £3,000 lower in Leeds).
Amount borrowed to pay fees
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£16,540
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Arrangement fee
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£250
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Total owed at end of course
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£18,452
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Total owed at end of six month payment holiday
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£19,366
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60 monthly repayments @
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£407
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Total repaid
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£24,390
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Investec profit
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£7,860
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And that's before such selfish trifles as a roof over your head and food on your plate. However law school dean Peter Crisp said "
since 2009, the fees for many of our law programmes have either been frozen or increased at a rate below inflation...with a modest increase this year, overall the percentage increase in fees over the last three years has been small and in line with the current rate of inflation".
At least you can pay in instalments, desperately hoping that an elderly relative may die once per quarter.