NQT finance survey - results

1.      With how much debt did you qualify

None

20.7%

£1-£5,000

19.9%

£5,000-£10,000

19%

£10,000-£15,000

22.5%

£15,000-£20,000

13.7%

£20,000+

4.2%

2.      How long do you estimate it will take you to pay your debt off?

Not applicable

21.4%

Already paid off

2.8%

1 year or less

4.2%

1-5 years

20%

6-10 years

20.7%

11-15 years

11%

16+ years

19.9%

3.      How would you describe your debt situation?

A heavy burden

26.1%

As expected for an NQT

37.1%

Not a worry

16.5%

None of the above

11.2%

Other

9.1%

4.      Do you pay into the teacher pension scheme?

Yes

88%

No

10.9%

Not applicable

1.1%

5.      If not, why not?

Cannot afford

36%

Have not got around to it yet

22%

Have made other pension arrangements

8%

Other

34%

6.      Is your living accommodation:

Rented

35.9%

With parents

15.2%

Owned outright

5.2%

Mortgaged

39.6%

Other

4.1%

7.      If you do not own a property, would you like to buy in the next five years?

Yes

48.2%

No

1.1%

Maybe

5.6%

Not applicable

45.1%

8.      Do you think you will be able to afford to do this on your teacher’s salary?

Yes

11.3%

No

36%

Don’t know

12.7%

Not applicable

40%

9.      Have you considered leaving teaching due to the salary and the debts that you have?

Yes

23.5%

No

68.8%

Don’t know

7.7%

10.  Do you have any regrets about becoming a teacher because of finances?

Yes

25.2%

No

68.3%

Don’t know

6.5%

11.  Do you know of anyone who has NOT pursued teacher training for financial reasons?

Yes

47.8%

No

52.2%

12.  Do you know of anyone that has dropped out of teacher training for financial reasons

Yes

40.5%

No

59.5%