The education provider’s new scholarship will be available to advisers working towards meeting the Financial Adviser Standards and Ethics Authority’s (FASEA) education standard and entitles them to $100 that will go towards the tuition fee for each higher education financial planning subject studied for the remainder of 2021.
“When the FASEA education requirements first came about, we immediately reduced our subject enrolment fees and made our qualifications as affordable as possible for our corporate clients and their advisers,” Kaplan Professional chief executive, Brian Knight, said.
“Regulatory and compliance costs are continually increasing for licensees and advisers; then you have the cost of the FASEA exam and the education requirements.
“We hope this scholarship scheme can go some way towards alleviating the significant pressure that is already on advisers.”
The scholarship scheme will be available for three intakes – study period 4 (5 July), study period 5 (30 August) and study period 6 (8 November) – and comes on the back of 3,000 advisers using Kaplan’s free preparation resources for the FASEA exam.
“After passing the FASEA exam, advisers then have to face the education requirements and cost; we think some advisers are weighing up their next steps,” Knight sad.
“We thought about what we could do to help them.
“We have introduced this scholarship scheme in the second-half of 2021 to help advisers get started with their studies and build some confidence and momentum.”
Where I’m from, we call $100 off a ‘discount’, not a “scholarship program”. Credit where its due, Kaplan do offer good content at good prices, but this is just marketing spin. If you want to offer $100 off then just offer it, don’t make up stupid names for a small discount or take the view that saving me $100 is meaningful. A scholarship would be to provide a free ride, or heavily discounted course, to a suitable applicant who succeeds via an application process, perhaps to encourage a young adviser looking to start out to pursue a career in advice when right now they may be questioning the value of doing so. If any adviser over 30 needs $100 discount, their in the wrong game.
I appreciate the content Kaplan, but don’t patronise me with spin.
@Timmy nailed it. Absolutely misleading and patronising. I’m glad to be doing my courses at Deakin.
Well Anthony paying the prices you are per subject to what advisers are paying studying through Kaplan in the majority of instances, you may find the article and intent patronising but the majority of the industry (who are completing their study through Kaplan) is very thankful for the assistance being provided. And in regards to misleading, offering a further $100.00 off already discounted rates is fairly clear cut to most. Enjoy your study
Eh what? Degree vs Diploma? Am I missing something?
You sure are. This is in respect to meeting the higher education standard, not for a diploma.
Thoroughly agree with Rebecca, Kaplan are doing a great job leaning into this with the industry and getting people on track with where they need to be. Bravo