Parents pay the price of university

A survey by the consumer group Which? of over 800 parents of current and prospective students found that 2:3 will use their monthly income to cover the costs and over a quarter will dip into their savings. Over a quarter have had to, or are planning to, cut back on spending on home improvements, cars and holidays to support their child at university, while 6% said that they have or will have to take on a second job to cover the costs of their child’s higher education. Overall, 84% of parents of current students said they were financially supporting their child at university and nearly half of those said the overall cost was more than they expected, contributions averaged £360 a month.