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Back to News & ArticlesMichelle Bagnall talks 'placement poverty'
In the eighties, the hashtag #placementpoverty may not have been a 'thing' but it absolutely existed.
The idea of #placementpoverty may not have been trending, but the concept of 'haves' and 'have nots' was very real!
As my eldest child heads off to university as a first-year student, she goes knowing that she has the full support of her family behind her. She, and many other university students, will hopefully begin to live her best life at university knowing that we are there to provide a home, food and whatever support she needs.
Her situation could not be more different to my own.
Michelle Bagnall 2008 Masters graduate, mum and wife.
I came from a loving family who gave me the two gifts of education and expectation but genuinely couldn’t afford to give us much more. By the age of 18 I was out of home, working to pay for my own rent and not returning to university until I was 23 and in full-time work.
Still today, about 35 years later, we know, there will be many others entering university life with the added pressure of working extra jobs to make ends meet.
Many will leave home to go to a university that is hundreds of kilometres from their home base. Throw in a #costofliving crisis and, well, it's going to be hard for many.
Bank First is customer owned – which means our profits go back to our Members in one way or another – and we focus on supporting nurses and teachers, especially in those moments when others won’t.
We welcome the Federal Government's announcement to provide funding for students in these sectors from 1 July 2025 but that doesn't mean our financial support ends.
We work directly with universities to ensure students in need have financial support in the form of scholarships to ensure they can complete the critical workforce placement component of their training. It’s just one of the many ways that we use our profits for a bigger purpose and in service of our Members.
Less financial stress and more time to live their best university lives and make the most of their workforce placement as they study and train to be our nurses and teachers of the future.
Placement poverty is not just a hashtag - it's real and the work we do is striving to narrow the gap between the 'haves and have-nots'.
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