Supporting my daughter as she prepares to go to Uni

elsien wrote: »

Part time work to fit around her course and during the holidays? She has all summer to find a temporary job and build up some reserves.

This a million percent. It is only May now and I assume she won't be going until Sept? That is three months of full time work I would be expecting her to do if that were my daughter.

Also when she gets there, I would be expecting her to get a part time job in the local town, she may even get a job in the local students union bar etc - something like that would be ideal

From some of the wording of your post, I am guessing that your DD does not qualify for the full amount of maintenance loan?

There is an 'expectation' but not 'obligation' that parents will cover the shortfall between the amount of loan that the student qualifies for and the maximum loan amount; where no parental contribution is expected.

Funding the difference between the 2 amounts, plus stabling a horse is going to be a tough one for her. Unless she has been working a part-time job since she was 16 and put her wages away or there's been money saved for her by a relative for this time to provide a 'nest-egg'. I suspect any money like this has been spent on the purchase of the horse?

I suggest going through all finances, both yours and hers. That will tell you what you can help her out with financially and what she needs to do workwise to cover as much as she can.

If the figures don't match up, then deferring for a year in which she can work f-time and save may be something that has to be looked at.

I have just posted on a Student loan forum but this might be more appropriate b
I am a Grandmother with limited means. That said I want to help my Grandchildren as much as possible.
My Granddaughter is going to have a year at an American university. I am going to give her £5000; to help finance that year.
My dilemma at the moment is how much money I should give my.Grandson
He has got a BSc in Physics He is starting Post Grad Masters in Computer Sciences in September. I am going to fund his accommodation but am wondering what would be a reasonable amount for living expenses food bills bus fares and a bit of pocket money?
His Parents I think will fund his train fares home etc
I know he should be out working casually at the moment but other than a few weeks here and there he is reluctant to do much about earning money etc He likes to be able to go visit his girlfriend who is still at University
Neither of my Grandchildren had Saturday jobs while at school or jobs during the summer break from University
Sorry to highjack your forum but wondered about how much it would be reasonable amount Thanks Sue

Your grandson has a degree, if he wants to do a masters then I would expect you to pay nothing towards that.

Thanks for your responses. Sorry for the delay in responding but I locked myself out of my account and had to reset my password etc.
I appreciate what you are saying in that my Grandchildren have not worked whilst they were studying. My Granddaughter did go to the US last summer to do Camp America.
I am giving my Granddaughter the money to help her Parents as it is much more expensive for accommodation at US Universities plus the added expense of flights etc. I am happy to give her £5000 which will be mostly used for that accommodation.
My Grandson fell out of love with Physics after about the first 18 months of his degree. He is a very clever boy but his heart was just not in Physics. . He has spent the past 9 months considering his future.
He has been offered a place at Newcastle and Birmingham Universities for a Masters in Computer Sciences. Birmingham was his first choice. He is a quiet boy who lacks confidence so I want to help him as much as possible. He will talk to me but not his Parents. My Daughter tends to be very confrontational which is why he won't talk to them. I don't get involved in discussing his situation with her. It is pointless as it is always very negative.
He will get a loan which will cover his course fee but it leaves nothing or almost nothing for living expenses. I am not sure but I think his accommodation will be around £500 a month. I am wondering if around £75 a week or £300 a month would cover his general day to day living. So I would be happy to give him £800 a month. I just want him to get a qualification which will open up a better opportunity for a career in which he will be happy.
Thanks again for your views and advice. Sue