Note: Please bear in mind that whilst this topic does canvass opinions, it is not a fight club. You may disagree with other posters but we do ask you please to stick to our Talk Guidelines and to be civil. We don't allow personal attacks or troll-hunting. Do please report any. Thanks, MNHQ.

To get increasingly annoyed at the mention of 'Uni funds' on here?

(131 Posts)
WincyWillis Wed 03-Oct-12 15:03:22

Am I?

Not a thread about a thread as such but I've seen it mentioned several times on here recently, in an "Everybody must start a uni fund for their child or they're a terrible parent" way. Firstly, not everyone's children want to or have the ability to got Uni. Secondly, many people don't have any spare money at the end of each month and can barely cover bills, let alone save towards a Uni fund. Also, it's perfectly possible for a child to fund his/herself through Uni, as my friend's 3 teenage children are currently doing. There is no need for Mummy and Daddy to have a Uni fund.

And the phrase makes my teeth itch!

squeakytoy Wed 03-Oct-12 15:05:07

YANBU at all.

It doesn't bother me that much, but I do agree with the reasons it bothers you. My DD is at college and hoping to go to uni. She will be on her own financially as I will also be at uni. <eek>

MrsMangelfanciedPaulRobinson Wed 03-Oct-12 15:06:06

Yep, it pisses me right off too.

I remember a thread fairly recently on here where someone said that single parents should be saving the maintenance they receive each month for a Uni Fund! Fucking ridiculous!

But don't the student loan company assume a certain level of parental contribution if your income is higher than a threshold amount. So for some parents its highly probable you will have to top up the student loan so why not save in advance.

If you child doesn't go to uni then the money can be used for something else.

If your income is too low to save then I assume your child would be entitled to the full loan package.

kdiddy Wed 03-Oct-12 15:07:53

Well whatever you use it for, I am sure most people, if they're in a position to do so, will save money for their children's future. Calling it a uni fund just demonstrates what you think it would go towards, but it could be for anything.

In any case, the current uni funding arrangements mean that often people cannot fund themselves through uni and are expected to rely on parental contributions.

Leena49 Wed 03-Oct-12 15:07:57

My eldest dd (12) asked me if I had started saving for her uni fund last year. I nearly choked! I presume she got this from friends!

Viviennemary Wed 03-Oct-12 15:08:31

I can't see the point of becoming annoyed about it. If people can afford to set up a uni fund for their children then why not. If you can afford it, then I think it's a very good idea. But I agree it is annoying to say everyone should set up a Uni fund. Everyone can't.

MummytoMog Wed 03-Oct-12 15:10:44

If my kids don't get the full loan etc, then I guess we'll have to top up to that amount. I paid my own way through university though, and while I'm still paying off my student loans, I'm not sure I'm going to be able to put money into a 'uni fund'. Urgh. What a horrid thought. Maybe I'll pack them off to American Universities and the land of scholarships (assuming DD and DS take after us and have an academic bent).

WincyWillis Wed 03-Oct-12 15:11:12

It's just such a first-world, middle-class phrase. I would imagine that those that have a Uni Fund will also be putting huge pressure on their children to attend Uni, which I think is unfair.

WincyWillis Wed 03-Oct-12 15:11:56

Single parents should be saving maintenance towards a Uni Fund?? Good lord, whatever next??

QueefLatina Wed 03-Oct-12 15:14:38

Shit! What's the income threshold?!

FromEsme Wed 03-Oct-12 15:16:08

I reckon that once you leave home, you should be on your own. I work in education and I can see a direct link between those who are funded by their parents and spoilt, needy behaviour. I'd rather any children of mine grew up to be independent, rather than relying on me for everything.

TunipTheVegemal Wed 03-Oct-12 15:16:49

But this is the first world and a lot of people on here are middle class.

It seems like a sensible thing for people to do if they can, if they know they're going to be in a position where their income will be too high for their children to get the full amount but they're also not so rich they can afford it without a thought.

Tuttutitlookslikerain Wed 03-Oct-12 15:17:09

DS1 is looking at going to Uni next year. Up until last week he had no intention of going. I am still not convinced he is going to actually go. He has the capability, I am just not sure he will enjoy it. He actually lives to join the Army so we shall see what will happen.

We have no Uni fund. The uni's he is looking at are commutable. If he lives Out he shall have to get a job and support himself. I am disabled and don't work, DH has a good job, but we are in that bracket where we don't get help but don't earn enough to save loads IYSWIM.

needanswers Wed 03-Oct-12 15:21:36

wincy offensive view there - exh and I have a "uni" fund for ds1 - we just want him to be happy - he doesn't go tO uni - we will both just have some spare cash to enjoy.

Hullygully Wed 03-Oct-12 15:22:43

I haven't seen anything about uni funds anywhere so no idea <helpful>

purplehouse Wed 03-Oct-12 15:23:30

It's from the American "college fund" isn't it?

Anyway yabu. It is bloody hard to fund yourself through uni. If parents are in a position to help, they should IMO. Government funding is based on parental income (or lack of) so there is a very clear expectation that parents will help.

WincyWillis Wed 03-Oct-12 15:25:08

I find it an annoying phrase though. Rather like "Playdate"

GoldShip Wed 03-Oct-12 15:26:22

Seriously does anyone do this? Im going to uni next year but my mum hasn't got a uni fund for me! As if. I wouldn't have wanted her scrimping and saving anyway.

needanswers Wed 03-Oct-12 15:27:43

We call it a uni fund because that's what it is - it's not money that would be handed over for anything else.

It started out as an endowment policy but it quickly became clear it wasn't going to pay out as much as expected.

YANBU.

However i think that if you can afford to help your child through their education and they are going tobe put at a disadvantage because of your income, then you should.

I live in a MN area, but most parents try to fund some driving lessons, or plan so that they don't have to start taking 'keep' straight away.

I think that parenst who are on a reasonable income and in a steady career, sometimes don't realise how tough it is now.

Years ago, savings plans would be taken out that would be collected on the 18, or 21st Birthday.

I would rather save than put my child in designer clothes, which i know some do.

That should have been 'Min Wage'.

Narked Wed 03-Oct-12 15:29:22

I don't like ther expression, but of course it's a good idea. A parent's income (and their partner's income if they live in the child's home) determines what loans a student can get, because they expect parents to contribute.

ZZMum Wed 03-Oct-12 15:34:43

YABU - we do not all fit into a one size fits all category and so for some people uni funds are going to be needed as some of us do hope our kids want to go to university and parental income has an impact on how much kids can borrow and so a parental contribution is needed. I am yet to see the "no uni fund, bad parent" line which is clearly incorrect but you cannot stop some of us discussing how we are going to fund our kids further education - if it annoys you, hide the threads..

have to say though I do hate the word Uni

Join the discussion

Join the discussion

Registering is free, easy, and means you can join in the discussion, get discounts, win prizes and lots more.

Register now