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London Concessional Transport?

Hello

Are CFA candidates eligble to receive the 30% discount on London transport? I cannot see the Institute on the list of registered institutions but there are a lot on there of comparable stature. Maybe we should ask CFA to register itself with TfL (and other transport boards around the world). I think it would be granted approval and it would be an added incentive to enrol in the program. A quick calc in my head says we could say around £500 pounds a year with the 30% discount (half the cost of enrollment).

Cheers,

https://www.tfl.gov.uk/fares-and-payments/students-and-children/18-student?intcmp=1768#on-this-page-6

https://photocard.tfl.gov.uk/tfl/registerApplicationStart.do

Comments

  • I did look into this last year, but I remember not getting very far with it.

    Re-looking again, specifically for TfL, I don't think it will work. Looking at the specific terms and conditions of what is an eligible educational institution:

    1. An education establishment is only eligible to be registered as an administrator under the scheme if it:
    • is located in Greater London or, if located outside Greater London, has eligible students who live in London who regularly travel to and from the education establishment; and
    • provides to the student directly the full-time and part-time courses that the student attends; and
    • will have eligible students enrolled in the 2014/2015 academic year; and
    • further, if the education establishment has non-European Economic Area (EEA) students, the education establishment must hold a 'Highly Trusted' or 'A (Trusted)' sponsor rating awarded by the United Kingdom Border Agency (UKBA) or
    ...

    6. Email addresses provided must be of a named person and the domain name of the email address should reflect the education establishment's name or abbreviation. Generic email prefixes such as [email protected], [email protected] and web-based email addresses such as hotmail, gmail or yahoo are not accepted.
  • Hi Police Dog

    Thanks for the info. CFA has an office in London, surely that would hurdle the criteria? I don't see anything in the eligibility that the CFA has to have classrooms. Just not sure where we 'attend' the Program, seems and ambigious term. Small obstacle.

    The personalised email address issue would be easily solved by someone at CFA London providing themselves as a contact point.

    http://en.wikipedia.org/wiki/CFA_Institute
  • ommthreeommthree SwitzerlandPosts: 31 Sr Associate
    Sorry, it's a clear no. CFA is not at all the sort of thing that student travel concessions are aimed at. To recap @policedog‌ 's key quotation:

    1. An education establishment is only eligible to be registered as an administrator under the scheme if it:
    • is located in Greater London or, if located outside Greater London, has eligible students who live in London who regularly travel to and from the education establishment; and
    • provides to the student directly the full-time and part-time courses that the student attends; and
    policedog
  • Agree with @ommthree‌. Basically what they're saying is that the discount exists so that students can go to classes etc, so you need to prove that there are classes that students attend (which isn't the case for CFA), have their own email addresses e.g. @uni.ac.uk (which we don't as CFA candidates), and directly provides classes (which CFA Institute does not).

    Based on what I know about the CFA Institute, they wouldn't be keen to help out on this either probably...
  • Woooo ommthree, don't be so quick to reject the query. I don't think it is a clear no at all. Maybe you have never worked in law. Interpretation is fundamental, and here the rules are quite open. I understand the purpose of the arrangement; however that does not affect the eligibility of the Institute to apply. The approval would come down to how the Institute presents it's application to the TfL.


    Criteria for the education institution to be registered:
    - is located in Greater London? Yes the CFA is located in London, it has an office here.

    - provides to the student directly the full-time and part-time courses that the student attends. Here there is no definition of attend; accordingly it is open to interpretation (unless there is statue that backs the discount travel program which would provide a definition). Considering we are recommended to study a minimum of 30 hours per week, we must 'attend' something. An easy argument to mount would be that study is generally undertaken at a location outside of a candidate’s home therefore requiring travel (e.g. libraries). The provision of services provided by the CFA in London is further evidenced by testing locations situated within Greater London.
    Material is provided 'directly' to candidates via the learning materials issued upon enrolment.

    - I read Clause 6 as the 'nominated' contact(s) must have an @cfainstitue email address, not the travel card applicants. Therefore each candidate would not require an @cfainstitute email address to apply. You must establish the context from the surround clauses. In this instance, the surround clauses are referring to the education institutions application, not their cohorts applications.


    Criteria for a student to apply:
    - The CFA is a postgraduate certification with recommended 30+ hours of study per week (therefore it clears the TfL's criteria of requiring 15 hours of postgraduate study per week). There is no requirement for postgraduate studies to have contact hours.

    - There are no criteria here suggesting we all need an @cfainstitute email address to register for a discounted travel card.


    The biggest problem would evidently be CFA be willing to put in the application for registration. I think given the City's dependency and encouragement of financial services, I don't think the registration of the Institute as a recognised education provider would be at all difficult. Moreover, with accreditation for discounted travel in London (and potentially other cities) would clearly encourage marginal potential candidates to undertake the course resulting in an increase in enrolments. What more incentive would the CFA want?

    Can I sway your interpretations?

  • I agree that there is probably room for interpretation (and even then it's a borderline case). I'm just not that convinced that CFA Institute will find it worth their time to do this...
    Discovery
  • ZeeZee London - UKPosts: 1,528 Jr Partner
    @Discovery‌, I have to agree with @policedog‌ too :)
    Homer: He might have all the money in the world, but there’s one thing he can’t buy. Marge: What’s that? Homer: .......A dinosaur The Simpsons
  • ommthreeommthree SwitzerlandPosts: 31 Sr Associate
    edited October 2014
    I applaud your optimism, but no really, you have no chance:

    "provides to the student directly the full-time and part-time courses"

    They don't provide a course, just a syllabus. Anyhow I imagine TfL would pretty quickly change their conditions to exclude CFA if pressed. 
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