Got children at University - maintenance loans and parental contributions

[Octopus]

We are currently doing Uni visits with our daughter in preparation for her starting in September 2019

We were expecting to have to "help" her but the level of help is a bit scary ...

CALCULATOR: How much money should your Parents be giving you? - https://www.savethestudent.org/parentcontribution/

Looks like we will have to contribute £125 for each week she is away (if not more)

Ouch

Anyone else in the same boat?

 

[Midwest]

Our eldest went through University quite a few years ago, different student loans then.

It still wasn't enough to pay for digs, food etc. Memory is a bit hazy about it now, but suffice to say its an expensive time for parents.

On a more sober note; there's incredible pressure on them to perform. The week my lad started, a student jumped off a building and one of his room mates failed the first year, but never told his parents until halfway through the next. I see in the news recently, similar stories.

Not the sort of thing you'll want to hear Murdoch, but its not just an easy life for 3 years, although they do seem to party a lot!

 

[Andy-1960]

Yep, did it with my daughter, we managed to get her a place at a local uni so she could live at home and also continue with her part time job.
We visited a few that meant she would have had to stay away, but they just want to push the “university experience” partying, clubbing, etc, work and her degree seemed to come secondary.

It is the staying away that costs, so if at all possible I would recommend a local one.

 

[Squid]

It is the staying away that costs, so if at all possible I would recommend a local one.

You want to get rid of them, its the life experience that counts. Been there and done that with two sons, one went to Surrey the second to Exeter.

The ex contributed as I told her she could sell the house that I gave her 60% of............

 

[Squid]

We are currently doing Uni visits with our daughter in preparation for her starting in September 2019

We were expecting to have to "help" her but the level of help is a bit scary ...

CALCULATOR: How much money should your Parents be giving you? - https://www.savethestudent.org/parentcontribution/

Looks like we will have to contribute £125 for each week she is away (if not more)

Ouch

Anyone else in the same boat?

What is she going to study?

 

[Andy78]

My eldest kids are 12 and I have been looking at the possibilities of sending them to uni when the time comes.
In all honesty, having them start off their careers £50k in debt is not my idea of a good start in life for them.

 

[Midwest]

University is not for everyone, and not always a necessity.

 

[Gavin John Hyde]

Have a read of the website moneysavingexpert.com by martin lewis that bloke on tv. Has some very useful bits of info on there.
Its not a proper debt its more a higher tax rate and unless you do a degree that leads to a very high salary its written off eventually anyway.
One of the girls in my sisters house at uni played it well. Her parents were together but not married so she wrangled a load of grants and bursaries from the uni as she was classed as single parent family!
When it comes to uni it all comes down to courses. Some are a waste of time where as some are a path to riches such as city of london. Some of the stem subjects etc
Around here we have bath uni and bath spa. Bath uni is good attracts top students where as spa is more arty and social sciences. Accomodation is eye watering if you go for the purpose built student digs.
Where possible stay in a student hmo as its half the price.
There is a block by me under construction for students where studios start around 800 per month!!! A room in a shared house though around 400 per month...

 

[telectrix]

murdoch, provide her with an apprenticeship with yourself. get her through college to become a qualified spark having had good practical experience with your good self. ( and it saves you having to carry the tools back to the van..).

 

[Octopus]

What is she going to study?

Physics ..........

 

[Octopus]

Around here we have bath uni and bath spa. Bath uni is good attracts top students where as spa is more arty and social sciences. Accommodation is eye watering if you go for the purpose built student digs.
Where possible stay in a student hmo as its half the price.
There is a block by me under construction for students where studios start around 800 per month!!! A room in a shared house though around 400 per month...

Which is where we were yesterday - Friday was Warwick!

 

[Octopus]

My eldest kids are 12 and I have been looking at the possibilities of sending them to uni when the time comes.
In all honesty, having them start off their careers £50k in debt is not my idea of a good start in life for them.

A large percentage of kids are unlikely to pay it off!

 

[Midwest]

Mines paid his off, aged 36.

 

[Gavin John Hyde]

Physics ..........

No doubt you had the talks on student accomodation in bath and the eye watering prices then..., Bath is good for physics but not quite up there with some of the others such as UCL and obvious choices like the oxbridge universities. One of my mates studied physics at St andrews years ago and is now on a 6 figure salary for a defence firm having spent several years in the Royal Navy doing techy things with Radar.
At least she has a brain and is pushing herself with something meaningful and useful that will lead to decent earning career options as far too many kids take soft degrees then seem bewildered when they cant walk into a high paying job when they graduate.

 

[littlespark]

University is a joke. Demanding grade A's at school to get into the 'best'. Too much exam pressure on 17/18 year olds.

I've been to a few uni open days with my daughter, she's liking Newcastle more than Edinburgh...
The course she wanted at Edinburgh asked for 3 B's and 2 C's in the prospectus, but she was told on the open day they wouldn't accept anybody without 5 A's. Whats the point of printing a bloody entry requirement?

My advice is, if you're dead set on going to uni, do a course you will enjoy, in a city you will enjoy.
Companies looking for graduates will be happy you have ANY degree, not any specific degree... It shows you have the potential to learn.


Before anyone says we've got it easy in Scotland with free tuition..... that only means a SCOTTISH student going to a SCOTTISH university. We will be paying if she decides on Newcastle next year.
She is self-funding a gap year in China this year....