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How am I going to be able to fund 2 DDs through university?

(168 Posts)

Just realised this is going to be expected in 6 years from now!
How do i do it? do i start saving into some sort of account? if so which one?
and DD1 has decided she wants to be a doctor which means 7 years studying!!!!!
what on earth do i do?

twinsetandpearls Sat 14-Jun-08 20:27:55

It is something that worries me tbh and one of the many reasons we stopped at one.

twinsetandpearls Sat 14-Jun-08 20:28:28

Six years is quite a long time though she may change her mind, not that you want her to.

Foldiroll Sat 14-Jun-08 20:30:30

She could work and save herself and then pay for uni herself! That's what lots of people do now! sad

Tortington Sat 14-Jun-08 20:30:53

my dd wanted to be a doctor

its ot very fcking likley grin

Twiglett Sat 14-Jun-08 20:31:15

they take out loans and pay for themselves

Bu to go to university - or further education of some sort is the norm these days isn't it? and by the time they reach that age i would imagine every onewill be doing something at college/university. And as DH and I both work (but are by no means wealthy) we will be expected to pay any fees etc. althogh that is going to turn into a whole different discussion about education for everybody - not just the rich or those on benefits etc.

tissy Sat 14-Jun-08 20:32:16

doctor = 6 years studying in Scotland, 5 in England

(unless she has the wrong A levels in which case she'll need an extra year to get them, or a pre-med year)

and as for student loans - i'm still paying off mine and will be for the next 10 years.
I don't want my children to start adult life with enormous debts.

Twiglett Sat 14-Jun-08 20:33:53

personally if my children want to do a degree that doesn't lead to a profession (like what I did) AND it isn't at a redbrick university then I would talk them out of it and send them to work ... I think a lot of higher education is totally devalued

(easy to say when the eldest is 7)

Octothechildherder Sat 14-Jun-08 20:33:57

We started saving as soon as they were born - if they choose not to go to uni then it will be a deposit on a house or a business start up thing.

posieflump Sat 14-Jun-08 20:34:14

agree with Twig
Yes we will help if we can
but it would never have stopped me having kids
we haven't any savings so can save up for uni fees but I will encourage them to go
They don't have to start paying the loans back until they hit a certain age
And in 6 years time or whatever who knows how the system will work

posieflump Sat 14-Jun-08 20:35:01

can't save up

Marina Sat 14-Jun-08 20:35:29

I expect my two to work their way through if necessary, the payoff being they may study whatever they want. We'll help them as much as we can but I don't think it hurts to work and study, I had to back in the 80s and so did everyone else I knew

posieflump Sat 14-Jun-08 20:35:52

octo - that attitude amazes me
Do people really feel the need to save up for their children's futures?
I honestly feel once they are 18 it is up to them

expatinscotland Sat 14-Jun-08 20:36:48

fund them?

they're on their own after they leave school.

life's tough, the sooner they learn that, the better.

expatinscotland Sat 14-Jun-08 20:37:22

we can't afford to even save up for next month.

Marina Sat 14-Jun-08 20:37:59

I positively hope mine will do something mind-expanding and allegedly (pace Charles "pig-face" Clark) useless, like classics or philosophy, provided there is anyone left with a decent liberal arts education left to teach and inspire them

Octothechildherder Sat 14-Jun-08 20:38:42

I just feel that we can afford to put some money aside for them and that would like to do whatever we can for them. Buying a house, going to uni and starting a business need such a huge input of capital that would rather have some money to give them than twiddle our thumbs at the time and wonder why we didn;t thinkabout it sooner. I'm not paying for weddings though!!!

They will be expected to work too. I did - everybody (who aren't princesses) does but it seems like such a huge amount to be paying off when you finally start working when you should then be thinking about settling down, buying a house, having nice holidays etc.

posieflump Sat 14-Jun-08 20:40:44

I agree entirely with Expat
I'd rather spend any money we have now on making life nice for them now (not that we have any lol) than save up to buy them a house
No one bought me a house, if they can't afford it they can rent and save up themselves!

Twiglett Sat 14-Jun-08 20:41:46

rethinks .. highbrow also ok .. what is not ok is 3 year degree in meejah studies / hairdressing / the life and times of jordan

expatinscotland Sat 14-Jun-08 20:44:04

if you can, sure, but if you can't, i wouldn't beat myself up about it.

like posie, if we had any extra it would go to improve their lives the now.

as it is, exposing them to the best of their heritage and culture is out focus because such is very valuable to us and costs very little to give them.

so many people don't belong in uni, anyway. it's silly to expect half hte population to go.

Octothechildherder Sat 14-Jun-08 20:44:11

My sister did media!

3littlefrogs Sat 14-Jun-08 20:44:56

My 2 dss will be going in the next 2 years. They have had part time and holiday jobs since they were 16.

They will get student loans, but that only covers tuition and accommodation. They will still have to have an evening or weekend job in term time and work during the holidays.

They have had jobs in call centres, offices, building sites, painting and decorating work, gardening.

The academic year is only about 30 weeks, so they will just have to do the best they can. Of course we will help, but we are still paying off a huge mortgage.

It does worry me though because dh and I work full time, and we have elderly parents to look after as well, and the price of everything is going up! I am beginning to think we will never retire!

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