Paying for 25 year old child

Spendless

silvercar wrote: »

I'm surprised schools and colleges don't give more guidance.

When students are choosing their 5 options for UCAS, they should be looking at the costs of accommodation (both halls for year 1 and rentals for subsequent years) as well as courses/ job prospects/ likely grade offers/ part time working potential.

t may be obvious to "proper grown ups" that London is more expensive to live in than say Liverpool, but maybe students don't consider this.

By younger son had Bristol as one of his options and we discussed that it was a more expensive city than his other choices.

I agree, but to me info about it should come earlier, maybe beginning of Secondary or when options are chosen. Maybe be incorporated into PSHE lessons? For my DS it wasn't mentioned at all until he was in he was in his 2nd year (equiv of yr13) at his FE college, which was less than 1 years notice to us, if I had remained in ignorance and it was only at this point that he said he was interested in going to Uni.

We also had to have a conversation about how London was out of the question.

Tabbytabitha

Spendless wrote: »

I agree, but to me info about it should come earlier, maybe beginning of Secondary or when options are chosen. Maybe be incorporated into PSHE lessons? For my DS it wasn't mentioned at all until he was in he was in his 2nd year (equiv of yr13) at his FE college, which was less than 1 years notice to us, if I had remained in ignorance and it was only at this point that he said he was interested in going to Uni.

We also had to have a conversation about how London was out of the question.

TBF, you have only your son's word that it wasn't mentioned earlier. Particularly if he wasn't considering university at the time, he could have been given the information earlier and just not taken it in.

Spendless

Tabbytabitha wrote: »

TBF, you have only your son's word that it wasn't mentioned earlier. Particularly if he wasn't considering university at the time, he could have been given the information earlier and just not taken it in.

However, I have a chatterbox daughter at the same Secondary school in yr11 and it hasn't been mentioned to her either, which means it isn't mentioned during the Secondary school years at their 11-16 school. If it starts being mentioned at sixth form, it's 2 years notice maximum.

The Martin Lewis blog link I gave earlier, only mentions parents not grasping. It must have happened frequently enough to him for there to be a blog about it.

ess0two

annandale wrote: »

I've been to festivals for less than 100 quid. And had a week's holiday abroad for 3-400. That's a bit different than a parent refusing to pay a 2-3 grand contribution

Creamfields 1 day, £100 just for ticket,Reminsce similarly £85.

Week abroad you quote, currently just the holiday cost,spends etc,prices have massively risen.

maman

silvercar wrote: »

I'm surprised schools and colleges don't give more guidance.

That's a difficult one. As we know from our discussion on here most students are still dependents. It's not really a school's place to be advising students on family finances in that sense. It could be very divisive to have a discussion with a group of students about what, in practice, their parents can or can't afford.


I know Martin is very keen for finances to be taught in schools generally. Personally I can't see it happening any time soon with the curriculum as it is now. If it doesn't count for league tables, it won't happen.


The current government aren't keen to change either unless students started voting in their numbers.;)

Tabbytabitha

Spendless wrote: »

However, I have a chatterbox daughter at the same Secondary school in yr11 and it hasn't been mentioned to her either, which means it isn't mentioned during the Secondary school years at their 11-16 school. If it starts being mentioned at sixth form, it's 2 years notice maximum.

The Martin Lewis blog link I gave earlier, only mentions parents not grasping. It must have happened frequently enough to him for there to be a blog about it.

IME, most schools start discussing university applications etc. in the 6th form.

However, I'm still rather puzzled as to why you think that this is something parents need to be told about as opposed to something they find out for themselves. Surely most parents and their children find out about things like FE/HE, apprenticeships etc for themselves rather than waiting for someone else to tell them. In pre internet days it was understandable but it doesn't make sense today.

happyandcontented

Tabbytabitha wrote: »

IME, most schools start discussing university applications etc. in the 6th form.

However, I'm still rather puzzled as to why you think that this is something parents need to be told about as opposed to something they find out for themselves. Surely most parents and their children find out about things like FE/HE, apprenticeships etc for themselves rather than waiting for someone else to tell them. In pre internet days it was understandable but it doesn't make sense today.

I agree it was a conversation we had with our kids quite early on, around the time they took 'options'. What would you like to do and how do you see yourself achieving that? From there we discussed the avenues they might take, inevitably, University came up at that point as they all wanted careers that needed a degree.

At that point, I began to research online everything to do with that route including; student loans, league tables, facilities, open days, accommodation costs etc, etc.

Spendless

Tabbytabitha wrote: »

IME, most schools start discussing university applications etc. in the 6th form.

However, I'm still rather puzzled as to why you think that this is something parents need to be told about as opposed to something they find out for themselves. Surely most parents and their children find out about things like FE/HE, apprenticeships etc for themselves rather than waiting for someone else to tell them. In pre internet days it was understandable but it doesn't make sense today.

Because it needs to be financially planned for several years ahead. I don't need to financially plan ahead for my child to take up an apprenticeship or in most cases go to sixth form, but a parental contribution is expected in the calculation if you're over so much household income. Why not be upfront about that?

Tabbytabitha

Spendless wrote: »

Because it needs to be financially planned for several years ahead. I don't need to financially plan ahead for my child to take up an apprenticeship or in most cases go to sixth form, but a parental contribution is expected in the calculation if you're over so much household income. Why not be upfront about that?

If financial planning is needed then most parents will have been doing it long before that age, just as they may have saved to pay for a wedding, 18th birthday or flat deposit. So many people go to university these days that the possibility will be on most parents' horizon and the information is readily available.

Spendless

Tabbytabitha wrote: »

If financial planning is needed then most parents will have been doing it long before that age, just as they may have saved to pay for a wedding, 18th birthday or flat deposit. So many people go to university these days that the possibility will be on most parents' horizon and the information is readily available.

No, a wedding is a one off amount and usually comes at a point in the life when it's more likely that the happy couple have finances of their own. An 18th birthday is a few hundred pounds at best, surely??? Flat deposit- definitely haven't started saving for that.

But University, often 2 years after you've been aware of how it works and to find £3-£4K for the next 3-4 years, some of those years doubling up if you have more than 1 child and an overlap of when they'll go. Most people I know do not have that as spare every year. My expenses go down next week on grocery shopping and perhaps electricity, I don't think anything else does. For my sister with twins, she would need to have

upto £8K for yrs 1, 2, 3

upto £4K for yrs 4, 5

(nephew wants to do medical degree, niece a traditional 3 yr degree)

To save up enough in front so you've got enough banked to help out for the first few years, even if the subsequent ones can be paid out of on-going wages. And to have enough time to save that amount you need to know in advance.


If it was just me the OP who had remained ignorant I could accept that, however if that was the case, no blog by Martin would exist where it states that people have approached him saying about the money not being enough for rent.