Just read this on the student room and reposting here:
As a teacher, I thought I'd share my speculation on how exam grades might be awarded going forwards. This is just my speculation, based on current JCQ guidelines, so things might totally change.
Firstly, for any qualification where you've already got at least 25% of the qualification achieved (e.g. via coursework, or BTEC module exams), this can be upgraded to a full grade. This is the current JCQ rule, and I don't see why this would change.
For qualifications where you've sat less than 25%, but more than 0%, it is possible for you to be given this as an overall grade, down to the discretion of JCQ. I think it's likely for people who've sat 10%+ of their qualification, at least, this will be the case- but this is just me guessing.
For exams where people haven't done any assessed work so far (so most of them), there's currently no way to give people a grade. I can see two possible ways things could go, going forwards.
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Entrance to uni, college and other courses is done using teacher assessed grades, but these don't have official standing and people may need to sit actual exams at a later date.
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People are given actual qualifications based on teacher assessment- this isn't the same as predicted grades, as teachers would have to evidence the grade they are giving students- e.g. using mock results, end of unit tests, in class assessments and so on. However, this is a lot of work for teachers and relies on them being able to get into school to collate evidence in some cases.
However, the government may have another plan they are working on, so I repeat this is just my speculation!