Paying for 25 year old child

annandale

After that, there is no reason you would need to help regularly, they young adult will be able to work full time

Assuming that they are lucky enough to get a full time job on graduation. Many people don't. Its not easy out there jobseeking just now, there are many very well qualified people out of work or in insecure work.

ska_lover

cjdavies wrote: »

At 25, I managed to get a mortgage and moved out on my own, no help from Mammy and Daddy.

Why post that here, no relevance to the topic - other than you congratulating yourself

ska_lover

annandale wrote: »

Assuming that they are lucky enough to get a full time job on graduation. Many people don't. Its not easy out there jobseeking just now, there are many very well qualified people out of work or in insecure work.

I know what you mean, yes its hard, and a lot of people are having to take work in bars etc on leaving uni

This young adult will be moving back in with his family after Uni, all bills and food provided, no need for regular cash to be given as well

Marvel1

ska_lover wrote: »

Why post that here, no relevance to the topic - other than you congratulating yourself

annandale wrote: »

Assuming that they are lucky enough to get a full time job on graduation. Many people don't. Its not easy out there jobseeking just now, there are many very well qualified people out of work or in insecure work.

annandale wrote: »

What does this have to do with student finance expecting parents to pay a parental contribution for their student sons or daughters? Zero.

Were you a student when you got your mortgage with no help from Mammy or Daddy?

No I wasn't.

At that age, they are well past being a child, they should be able to fund themselves.

The government should treat them as such and not relying on their parents for example OP's case.

foolofbeans

silvercar wrote: »

Student loans, and the grants that were given out before them, have been means tested since well before your 25 year old was born! My student grant in the early 80s was means tested, how much warning do you need?
I guess whenever I heard people talking about loans and grants I just assumed that they would be sufficient to cover the costs of tuition AND living. The government does not publicise that they expect parents to contribute when their income means the student receives a lesser loan. I believe Martin Lewis has been asking them to point out but they don't. I don't think I'm alone in not realising that we would be expected to subsidise an adult child.
Presumably your childcare costs should reduce, are all your other children at school.
There are still school holidays and I have to attend meetings for work and DH works all hours so is not always available to look after the children. I have a big age gap in the oldest and youngest child so care costs will continue for a number of years yet.
Living in an area with high rent, no public transport, no mains gas sounds expensive, have you looked at cheaper areas within your budgets?

Unfortunately the issue is pretty much a county wide problem with high rents and lack of public transport, rural areas are particularly being hit by govt cutbacks. We actually get reduced rent due to DH's job otherwise we could never afford to live anywhere in the vicinity. We have recently changed gas supplier so that should save £1000 a year.

ska_lover wrote: »

If you are high earners but worried about £20 a week sounds like you could do with an overhaul of your finances - you may find this massively helpful
You are right and we are trying to address our debt problems.
I don't think it incredulous whatsoever that you give your 24 year old money, it's not that unusual.

How sad! I was independent at 18 years old and I still can't understand why the govt think parents should subsidise any child over the age of 21. I don't think I will ever agree with this policy.

foolofbeans

annandale wrote: »

This is the way student finance works as I am sure you know by now. They are interested in your income, not your outgoings, absolutely irrelevant as far as student finance is concerned
I know those are the student finance rules but it doesn't mean I agree with them. There are huge disparities in living costs due to area and the size of a family. I feel it is unfair to think that a couple with one child living in Yorkshire and paying rent of £500 a month is not in a far better financial position than a couple llicing in an area of rents in excess of £1000 and with many other children to pay for. I pay for a child to attend college as the govt decided under 18's should have to stay on in education and we have to pay £700 annual transport costs. Not taken into account by student finance.

I find it hard to understand people who say they didn't know they would have to make a contribution.
I don't think I am being alone in my naivety. The govt are deliberately NOT making this information well known. You only have to check out the high number of potential students who are trying to assess what their possible income could be to realise that finding out the financial info beforehand is very difficult and not always accurate.

There are always going to be costs associated with going to uni, there always have been. You are talking about 20 pounds a week. That is not a huge amount of money.

Indeed it isn't. To some people. If you asked a single person on jobseekers could they afford to spare £20 a week then the answer would definitely be no.
I understand our outgoings are our problem and I feel a bit of a failure in getting to this point where we do have to worry about each £20 payment that goes out each week. In reality it has meant that we are unable to commit to after school clubs or activities for our younger children which is surely unfair to them?

theoretica

foolofbeans wrote: »

How sad! I was independent at 18 years old and I still can't understand why the govt think parents should subsidise any child over the age of 21. I don't think I will ever agree with this policy.

Probably because otherwise more school leavers would be encouraged by their parents to delay going to university just long enough that the government would assess them as independent, increasing the government's bills.



Personally, I think the policy to encourage more and more people into university (thus increasing the total university funding needed) was a mistake.

Savvy_Sue

Spendless wrote: »

When we looked around Unis for DS earlier this year there was next to nothing about this in all the talks, literature we attended and picked up. There was a vague mention in a RL story in one of the pamphlets at one place so that's it.

I'm quite surprised by this: the boys are all over 25 now, but we were told about means-testing, grants and loans at sixth form evenings (encouraging them to go) and there were also talks about student finance for parents at the open days we went to. Not saying you didn't get the same, but still surprised.

To be fair, the University line was 'don't worry about the money, just send them here, they'll have a great time', but still ...

Also I think all were told that if we their parents had not attended university, there were grants from the Uni they could apply for. No use to my lot, but possibly worth yours exploring this?

meer53

My son (now 31) went to Uni and my daughter (now 18) is going to Uni in 3weeks. Many months before my son decided to go, i was fully aware of Student Finance and how it worked, i can't believe that you weren't prepared for this "bombshell" piece of information ? I still think your best course of action is to post your SOA to reduce your outgoings. If you don't, what will you do when your other children decide they want to go to Uni too ?

Guineapigsqueaks

As a parent you are expected to "top up" your child's income while they are at University if your income is high enough. It's the same rules for everyone. In effect, my son will need about £5,000 a year from his family if he's to have sufficient to live on really. And probably extras like books, etc. For three years. Then I have a daughter to also put through Uni if she wants to go. So, £30,000 is the sum I have in mind and I've been squirrelling money away whenever I can. I've been careful for years with money to make sure I will be able to help them. I expect to help them with this, to me it's no different than the nursery fees I've paid, the food and shelter I've provided for them so far, the school trips, the birthday parties, the days out, clothes and shoes, toys, books, swimming lessons, hair cuts, driving lessons, etc. Children make a huge dent in your income, everybody knows that, but I would never begrudge it, I chose to have my children and I have a duty to give them the very best start I can manage. I do expect them to work hard and behave well in return, to get a job and pay their own way in due course and to come and visit me when I'm old!
Guineapigsqueaks x