Company reclaiming training costs?

amber1979

Can you not defer you place at university for a year and work for your employer? Wouldn't that be a simpler way to save £10k?

I apologise if I've missed something though.

scott_viggars

amber1979 wrote: »

Can you not defer you place at university for a year and work for your employer? Wouldn't that be a simpler way to save £10k?

I apologise if I've missed something though.

I've accepted my place for university for this year. But also I didn't finish my training with the company because of my injury so that is why I left them early. So I'm not able to work with them as I haven't finished all the necessary training.

Debt_Free_Chick

scott_viggars wrote: »

Out of that £3000 I need to pay for general living costs, travel to my placement hospitals, any books and stationary required for the course. So even without paying the company I will be struggling. This is why I thought suggesting I would pay any remaining balance in full on qualifying would be suitable.

Draw up a simple budget showing all of this then send it to your ex-employer and repeat your offer of £10 per month.

paulwf

I would imagine the company don't care about your future plans and life history and just want their money back...sorry if that sounds harsh but I honestly doubt they care what your income is and your SOA and the course details etc.

At £120 a year it will take 83 years to pay back! In reality £10 a month is just about covering interest/inflation adjustments. Someone might have an SOA that only allows them to pay back £2 a month...that would be unreasonable to service £10K of debt just as £10 is. I'm not sure what "reasonable" would be but at the very least £1,000 a year, £2,000 would be much more preferable.

Any company will want their money back in perhaps 3-5 years maximum, partly because it will get harder to chase a debt that is e.g. 10 years old, partly because the amount devalues with inflation, and partly because they quite simply would like the money in the bank to use for other things.

Can you come up with a realistic 5 year plan to pay them back the money? Will you be walking into a high paid job after the end of the course so you can pay them back £3,000-5,000 a year when the course has finished?

Zazen999

What course was it that cost the £10k?

Did they inform you that it was £10k before you started the course?

Does the fact that you had to work with a broken foot, and thus not finish the course mean that you couldn't get a different job in order to pay off the £10k [ie if you had finished the course, would that have given you better prospects of earning more to pay it off?]

The reasoning behind the 'paying back the money' is so that they don't spend loads training you only for you to go and work for a competitor. So if you can reason that the reason you aren't still there is because of a bad management decision - you might be able to get the amount reduced.

Anihilator

Something just doesnt ring true about your story I'm afraid

10k is an astronomical sum and to have had 10k training I would expect you to be a highly qualified specialist individual

To turn your back on this for uni is fair enough but I dont believe you dont plan to exploit these skills and not work

Furthermore most NHS type courses are heavily subsidised and 3k a year income seems unlikely.

scott_viggars

Anihilator wrote: »

Something just doesnt ring true about your story I'm afraid

10k is an astronomical sum and to have had 10k training I would expect you to be a highly qualified specialist individual

To turn your back on this for uni is fair enough but I dont believe you dont plan to exploit these skills and not work

Furthermore most NHS type courses are heavily subsidised and 3k a year income seems unlikely.

The course was a 3-year HND course in Marine Engineering. I can't use that qualification in the career I am now aiming for by going back to university (healthcare).

scott_viggars

paulwf wrote: »

Can you come up with a realistic 5 year plan to pay them back the money? Will you be walking into a high paid job after the end of the course so you can pay them back £3,000-5,000 a year when the course has finished?

I have only told them £10/month whilst I am at university. I have a guaranteed well paid career immediately after leaving university and can pay off any remaining debt to them in the year following leaving university. It is not as if I would be wanting to pay £10/month for the rest of my life, it is purely whilst I am studying, and then I can pay off the rest in a matter of months after university.

scott_viggars

Zazen999 wrote: »

The reasoning behind the 'paying back the money' is so that they don't spend loads training you only for you to go and work for a competitor. So if you can reason that the reason you aren't still there is because of a bad management decision - you might be able to get the amount reduced.

No I wasn't informed that the total cost of the course would be £10k, it simply stated that any training costs would need to be paid back in full. I have told the company that the reason I left is because I was given no choice. I told them that because of my injury and the fact I was made to work on by the Chief Engineer onboard, I was so far behind everyone else and wasn't given the support to successfully complete my oral exams at the end of the course. I was told if I failed the exams they would have no choice but to let me go, but I knew I hadn't had the necessary training to be able to complete the exams.

HO87

Did you specifically ask for additional training/support? Was any provided?

Did you raise the lack of support before you left? If so, what was the company's response?

After 2 plus years, presumably closer to three years, are you saying what sounds like a relatively short-term injury - albeit aggravated - (we can only go on what you have posted) that such was its impact that it doomed the time you (and the company) had invested in your training and directly led to you having failed the exams?

The apparent ease with which you chose to abandon your career suggests that, perhaps, your heart was no longer in it in any event. I apologise if this sounds harsh but unless you have omitted a lot of detail what you have posted has rather more the smack of an excuse than an explanation about it.

Costs of £10k for such a course actually sounds quite cheap given that an HND is generally accepted as being equivalent to a undergraduate degree. A 2 year course I undertook with a previous employer (albeit at a higher level than an HND) cost them more than £10,000. I was only "locked in" for 1 year thereafter and actually stayed with them for another 3.