What you need to know and how you can help.
If your child is going to university this year or is planning to further their education in the future, you will undoubtedly feel proud. However, you may also worry about what it means for your child financially.
That’s because, in recent years, the cost of pursuing further education has increased. For students that started university in 2021/22, it's estimated that they will graduate with £45,800 of student debt on average. This figure is comprised of loans to cover tuition fees and living costs.
As a parent, it’s important to understand what expenses students face, how they will repay loans in the future, and how you could offer support. This could put your mind at ease and mean you could take steps that will allow your child to focus on their studies.
Our university guide looks at how much it costs to go to university and how much students need to spend per month, as well as how student loans work in practice. We also look at what parents can do to help. Please read or download our guide to find out more.
And if you would like some help or advice on the best way for you to help and support your child at this exciting time, please do not hesitate to give us a call.