Parental support worries

missbiggles1

unforeseen wrote: »

If you are doing any sort of nursing course then that is very difficult due to all the placements that you have to do.

Lots of students on nursing courses do bank work - not only for the money but to benefit their CVs. In fact, a nursing graduate who hasn't done this is going to be in a far worse situation when applying for employment than one who has.

Sacredcat

A report in 2014 on This Is Money says a third of parents struggle to contribute, and the Govt relies unfairly on parents to make up the shortfall in the student loan.
The OP is not the only parent struggling.
Even if you earn what he earns, you may have v high housing costs or whatever. Which means there isn't enough.
If parents are v rich indeed, it's not a problem
But education for poorer and middle classes seems to be discouraged, by not providing an adequate system of funding. If the student could borrow enough to support themselves that would be great.
We may have brought children into this world, but we didn't necessarily want the current 'system', and it's not our fault!

Andypandyboy

I really hope this is a Devil's Advocate post because I can't believe that there are parents out there who, from a salary in that region, would not support their child in HE. Many do it on far less.

We are high earners and we have put several children through university and still managed to fund a great lifestyle. I simply could not ever look my child in the face if I was not prepared help fund their continuing education and so set them up for increased earning potential and/or fulfilling careers.

We may not like or agree with the current sustem, but it is the one we have and so as parents we have to bite the bullet and support our kids as much as we possibly can.

I disagree with the system whereby divorced or separated parents do not have both salaries counted rather than just one. Parents divorce each other not their children, morally they should both contribute imo.

I can only assume you place no value on education.

edwink

I can't believe you have left it this long to start worrying about the cost of your child's HE. Surely you must have known or at least had some idea that they maybe wanted to go to uni well before now. If so you could of reigned your spending in sometime ago in preparation for the forthcoming financial costs.

I know of a family that are not high earners by any means and they have managed to support one of their children through uni already and now they have another child who has just started uni. How did they managed to do this? They prepared for this way in advance by putting money away every month religiously and went without something if they had to. The 2 children also got jobs and saved some money themselves in order help their parents with the cost. I believe they still had to take out a student loan but the loan was much less that what it would have been had they not all acted responsibly and worked together at saving the much need money. Well done that family I say!!

missbiggles1

Sacredcat wrote: »

A report in 2014 on This Is Money says a third of parents struggle to contribute, and the Govt relies unfairly on parents to make up the shortfall in the student loan.
The OP is not the only parent struggling.
Even if you earn what he earns, you may have v high housing costs or whatever. Which means there isn't enough.
If parents are v rich indeed, it's not a problem
But education for poorer and middle classes seems to be discouraged, by not providing an adequate system of funding. If the student could borrow enough to support themselves that would be great.
We may have brought children into this world, but we didn't necessarily want the current 'system', and it's not our fault!

Students from poor families often do quite well financially with a full loan and, often, a bursary from the university.

Sacredcat

With divorce, the household where the child lives is what is taken into account. So that is one parent plus new spouse if there is one.

TheGardener

missbiggles1 wrote: »

Students from poor families often do quite well financially with a full loan and, often, a bursary from the university.

University bursaries - which are means tested limited funds - are intended to help YP whose parents do not have incomes of £75K - they are not intended to subsidise 'political conscientious objectors' on high incomes or families who have failed to prepare for the costs of HE.

I think all YP should work a little and save towards the costs themselves but parents opting out of the system because the don't like the politics or are not prepared to give up the 'Living life to the full' attitude should be at little bit ashamed.
However, if the OP is in financial difficulty thought "living life to the full" - then they have 12 months to find a way to make the best of the situation and fess up to the kids.
.

Andypandyboy

Sacredcat wrote: »

With divorce, the household where the child lives is what is taken into account. So that is one parent plus new spouse if there is one.

Yes, if there is one. Sorry, but to me that is placing the financial burden on the wrong person.You have a child, you support it, no ifs or buts. That includes FE/HE imo.

Anything less is shirking your responsibiities. Still, there is a lot of that about.

missbiggles1

TheGardener wrote: »

University bursaries - which are means tested limited funds - are intended to help YP whose parents do not have incomes of £75K - they are not intended to subsidise 'political conscientious objectors' on high incomes or families who have failed to prepare for the costs of HE.

I think all YP should work a little and save towards the costs themselves but parents opting out of the system because the don't like the politics or are not prepared to give up the 'Living life to the full' attitude should be at little bit ashamed.
However, if the OP is in financial difficulty thought "living life to the full" - then they have 12 months to find a way to make the best of the situation and fess up to the kids.
.

I never said they were, I said they were for children from poor families.

missbiggles1

Sacredcat wrote: »

With divorce, the household where the child lives is what is taken into account. So that is one parent plus new spouse if there is one.

Not necessarily a spouse.