- Cashfloat provides many payday loans for teachers each month
- Travel costs, to and from teaching can be very expensive
Being a teacher has its many perks such as the satisfaction you can get from educating children and young adults. Another perk is the pay check you get at the end of every month. However, for some teachers out there, that monthly pay check is not always enough to cover all their expenses and when they have an emergency that they need funding they can get stuck. This is where Cashfloat come in, we are here to give short term financial help and loans for teachers in those little emergencies. Apply with Cashfloat for your short-term loan today.
Becoming a Teacher
There are a variety of ways into teaching. However, all teacher training courses include 24 weeks of practical classroom experience in two or more schools. There is also academic study, experienced professional mentoring or tutoring in classroom management as well as ongoing assessment of teaching skills. One of the most common ways to enter the profession is to do Initial Teacher Training (ITT) or Initial Teacher Education Training (ITET); both of which lead to Qualified Teacher Status (QTS). Alternatively, would-be teachers can do a degree course and then a one-year Postgraduate Certificate in Education (PGCE). If the subject which the teacher plans to teach is different to the main degree they can take a subject enhancement course.
The School Direct scheme recruits and trains teachers in partnership with schools or a university. It lasts a year and is usually unsalaried but with the possibility of a bursary or scholarship of up to £30,000. Alternatively, it can be salaried with the trainee teacher being paid an unqualified teacher’s salary. This flexibility of entering the profession means that it is attractive to people who desire a change in career at an older age. As a profession, teaching continues to be dominated by women, especially at primary school level. Approximately, 74% of teachers are female. They consider it to be a job which can be combined with the raising of children; the working hours and the summer holidays mean working mothers do not have to worry about the additional expenses of childcare once their children start school.
FAQ’s about Teachers’ Pay
Before becoming a teacher, there are many questions you may have regarding the pay. You may want to ensure that your pay will cover all your living expenses as well as some leftover inorder to save for emergencies. Here are some FAQ’s regarding the teachers’ pay.
How much do Teachers Earn?
|These are the government recommendations for the year 2018-2019 in England and wales (excluding the London Area)|
|Unqualified teacher||£17,208 – £27,216|
|Qualified teacher||£23,720 – £35,008|
|Leading practitioner||£40,162 – £61,055|
What is the Maternity Leave and Pay of Teachers?
All teachers are entitled to 52 weeks of maternity leave irrespective of their length of service. They are also entitled to Statutory Maternity Pay (SMP) if they have completed 26 weeks of continuous service by the 15th week before the expected birth date. They get payment continuously for up to 39 weeks. In the first six weeks, they receive 90% of their average weekly earnings. For the next 33 weeks they receive £139.58 per week. To qualify for Occupational Maternity Pay (OMP), teachers must be covered by the Burgundy Book. They also have to have been employed for one year and 11 weeks by the expected week of childbirth. OMP is continued for 33 weeks and in the first four weeks is 100% of their salary. In the 5th and 6th weeks, this drops to 90% and then up until the 18th week it is half their wages.
How much is Sick Leave and Pay for Teachers?
For teachers in the Burgundy Book, their entitlement to salary while sick increases each year from 25 working days on full pay. This incudes an additional 50 days on half pay in the first year. Each year of service means they can claim more days of sick pay. In the 4th year it reaches 100 days on full pay and 100 days of half pay and it remains at this level for successive years. A teacher requires a medical certificate if they are off sick for more than seven calendar days.
How much are Teachers’ Pensions?
For 2018-2019, teachers’ pension contributions ranged from 7.4% for those on lower salaries. For those at the top of the scale it rose to 11.7%. Their pension is calculated by multiplying their years of service by their average salary and then dividing by 80. For early retirement, there is Actuarially Adjusted Benefit (AAB).
Unions and Strike Action
There are a number of unions for those in the teaching profession, but the three which represent the majority in England and Wales are firstly the NUT (the National Union of Teachers) with 308,569 members. Then there is the NASUWT (National Association of Schoolmasters Union of Women Teachers) with 282,890 members. Finally, the ATL (Association of Teachers and Lecturers) has a membership of 121,425. In Scotland, the biggest union is the EIS (the Educational Institute of Scotland).
In July of 2016, some teachers went on strike for the first time in two years. They cited low pay, pensions, and workload as the three core issues. They claimed that increases in pension contributions and pay restraints meant they had seen a 15% fall in the value of their take home pay. The NUT referred to a forecast made by the Institute of Fiscal Studies that there would be a 8% cut in funding for education in real terms over the next few years. This reduction would mean increases in class sizes, fewer subject choices for pupils and cuts in support and teaching staff.
What is Performance-related Pay?
Since September 2014, the introduction of performance-related pay has meant any rise is discretionary after an evaluation by Head Teachers in conjunction with the schools’ Governing Bodies. The idea is that good teachers will be paid more. However, there are doubts about how a teacher’s performance can be appraised, measured and rewarded through the observation of one lesson. As far as pupils’ progress is concerned, the temptation could be to teach by rote and teach students to pass tests.
In 2016, one in twelve teachers who wanted a pay rise did not get one. Nearly 10% of teachers left the profession, which was the highest leaving rate in a decade. The numbers who stay in teaching longer than three years has also fallen from 87% to 75%, which is the lowest rate since 1996.
Payday Loans for Teachers
Cashfloat – a dynamic loan provider in the UK – has noticed the high amount of applications for payday loans for teachers. The question is; Why? Although long considered a well-paid profession, an increasing number of teachers are applying for payday loans. This tends to be mostly young teachers just entering the profession.
One of the attractions of teaching has always been its mobility. We need teachers all over the UK. However, with their starting salary, a mortgage is out of the question, so most have to look for rented accommodation. There is a shortage of property to rent and the increasing use of letting agencies pushes up rents even more. Their rent would, of course, depend on where they live. It has been calculated that in London, rents average £740 a month. This would swallow nearly half of their salary. It could leave them needing the help of companies offering payday loans for teachers. Other expenses they would have are travel costs of commuting to and from work and the monthly instalment of paying back their student loan now they are in full-time employment.
New teachers are at a disadvantage. They will not necessarily get high salaries until they have more experience. A new teacher might have to find work at schools with disciplinary problems which would make their situation worse; they would not be able to show ‘proof’ of being a good teacher and would therefore not receive a pay rise.
Conclusion – Loans for Teachers
The issue of performance-related pay especially affects teachers who are new to the profession. Already beginning at the lower ends of the salary scale and without experience to draw on, they are less likely to receive a pay rise. For older teachers, they might face problems since they may not be able to honour any financial commitments they undertook in the past when pay increases were automatic. Staying on the same salary could mean the salary is essentially worth less. As a responsible and caring lender, Cashfloat is happy to help provide payday loans for teachers who are experiencing a short term money problem.