Parents and carers in England have to contribute up to £15,127 a year in order for their children to have a minimum acceptable standard of living at university, according to a major new report published today...
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Parents in England expected to contribute up to £15,000 a year towards children's university living costs, new report finds
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Parents in England expected to contribute up to £15,000 a year towards children's uni living costs
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MSE_Emily
Posts: 184 MSE Staff
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Its always been that way if parents earn over the income limit. Most people just can't contribute that so students need to get jobs or manage on less.
One of the reasons (IMO) that you should only go to Uni if you need a degree to do the job you want.
It can be a "right of passage" but only if you can afford it! There are so many other options with work and Apprenticeships these days."You've been reading SOS when it's just your clock reading 5:05 "0 -
I love the way we can't have discussion posts but MSE bods can create them!"You've been reading SOS when it's just your clock reading 5:05 "0
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Is that £15K to fund the social side of student life?
Might need to up it a bit if the regular antics seen are anything to go buy 🤣Life in the slow lane0 -
Neither of my children (one graduated, one still a student) have needed anything like that amount of money and have still been able to live quite happily. They have been home some summer holidays (apart from one internship each) and worked for a few weeks during that time, but neither have worked whilst away.
The money we have contributed has just about brought them up to the maximum maintenance loan.
This report is likely to put students off of going to uni if they think they need this amount of money.
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sammyjammy said:Its always been that way if parents earn over the income limit. Most people just can't contribute that so students need to get jobs or manage on less.
One of the reasons (IMO) that you should only go to Uni if you need a degree to do the job you want.
It can be a "right of passage" but only if you can afford it! There are so many other options with work and Apprenticeships these days.I'm a Forum Ambassador on The Coronavirus Boards as well as the housing, mortgages and student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.0 -
I think it depends on the uni location. Go somewhere like Bristol and rents are high and there are many opportunities to spend money. In a quiet town eg Bangor there may be much cheaper rents and less to spend money on.I'm a Forum Ambassador on The Coronavirus Boards as well as the housing, mortgages and student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.0 -
Well in Exeter just accommodation without utility bills is £9500 plus - the cheapest. Room in a shared house. Similar with Oxford, Cambridge, Bristol... if parents exceed the income bracket which in London is not that hard, student does not get the loan. I don't think £5000 a year for utility bills, food, toiletries, commuting, printing/study related costs is a lot for a year. Do you? I am secondary account holder on my daughter's bank account and can see that even on night out she just buys a soft drink in a club 1 per night. Sometimes I feel really sorry for such a poor student life. In effect kids of parents on benefits are better off as benefits don't count as income - they get to full £10,450 loan and a bursary from university. Sorry but it does not pay to do well in this country.
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silvercar said:
I think it depends on the uni location. Go somewhere like Bristol and rents are high and there are many opportunities to spend money. In a quiet town eg Bangor there may be much cheaper rents and less to spend money on.0 -
born_again said:Is that £15K to fund the social side of student life?
Might need to up it a bit if the regular antics seen are anything to go buy 🤣0 -
Shock horror -- going to Uni costs money
It might stop a lot of these useless degrees that they do that have zero use in the real world
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