Business students at West Suffolk College have won scholarships while studying a London Institute of Banking and Finance (LIBF) qualification.
Toby Hayes and Tom Wilson, who study Business Level 3 course at West Suffolk College, have won scholarships for £500 for the London Institute of Banking and Finance’s (LIBF) university courses in London due to their outstanding grades on the College’s LIBF Level 3 course.
Toby Hayes with tutor Daniel Connor.
Alongside their main Business Level 3 courses, business students are offered the opportunity to do an additional qualification from the London Institute of Banking and Finance (LIBF). Each year of the qualification equates to half an A Level and it is all about personal finance.
Tutor Daniel Connor said: “Students learn about a range of topics related to personal finance, for example, mortgages, types of savings and investments and types of debt. This enhances their financial knowledge and management and helps them to avoid the problems of having a negative credit score later in life. The additional qualification is provided free to students as this project is part-funded by the European Social Fund.”
Toby receiving his award at London Institute of Banking and Finance (LIBF).
Toby said “I particularly enjoyed this extra qualification because it helped me gain transferable, useful knowledge into the real world but more importantly, in my own life. From simpler things like a budget, to short-term and long-term impact of financial planning and different factors that could influence the use of money, as well as how I could use my own finances in different ways.”
Tom Wilson said: "I have found the LIBF course offered at West Suffolk College really beneficial, and it has enhanced my studies on my main Business course. Especially how the LIBF course links to real world economic and political current affairs”
Tutor Daniel Connor said “I am proud of the student’s achievements and it is a testament to their dedication, conscientiousness and strength of character”.
Part funded by the European Social Fund