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09

Changes afoot for education fees

Open-access content Tuesday 1st September 2015 — updated 5.50pm, Wednesday 29th April 2020

Changes afoot for education fees

From 1 March 2016, changes are going to be made to the education fee structure, and these will apply to all the education services we provide for students. These changes may affect whether you are still eligible for the reduced fees for exams and other services, so it is important that you read this information.

From March 2016, your eligibility for reduced education fees will be based on your earnings, wherever you are in the world - the list of 'Special overseas rate' countries will no longer be used to decide whether you are eligible. 

The IFoA Education Board and Council have discussed at length the current education fee structure, and have agreed to align it with the membership subscriptions structure.

Following this decision, regardless of where you live, if you are eligible to pay the reduced membership subscription you will also be eligible for reduced exam fees and other education fees. It is therefore important that you pay the correct subscription rate. 

If, based on your income, you are eligible for the reduced subscription fee, you must ensure that you complete the 'reduced rate application' when you renew your subscription. This means that the reduced rate will then automatically apply to the education fees you pay. 

You can find full information on subscription fees and eligibility for the reduced rate on the IFoA website at bit.ly/1IW7gzU

If you have any questions, please email [email protected]

For further information, visit bit.ly/1Nnldes

This article appeared in our September 2015 issue of The Actuary.
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