If you are fully supporting DC through uni - how much is is it really costing?

Day schools near us (North) are usually around £20-25K per year now)

@LathkillDale i did my GCSE Geography coursework on Lathkilldale in 1994 😊 haven't seen that word in a long time!

I only do term time. But one of mine no longer really has holidays so it adds up tbh…..

Why would you pay for everything? Get a loan, they will never pay it back then it gets written off. You are literally spending money that they could get for free. Save your money to give them for a property instead.

But with the longer repayment term now, most students WILL pay it off. And it's definitely not free money! Although interest rate being set at RPI does make it a cheap loan compared with others.

I imagine there are a lot (possibly majority) of students with some level of parental (or grandparent) financial support. If you look at the loan figures, even the maximum loan wont cover rent and living expenses in a lot of areas.

Why not at least work in the summer though? For most courses there is 3 months of summer holiday. We provide DD with a roof over her head and food and toiletries (and lifts) over the summer; she works to cover her social life and a holiday with friends. No impact on her studies and she appreciates the money she has worked all the more. Plus future employers will appreciate the work experience.

The person I am thinking of is doing a vocational course, and I have absolutely no doubt, they will be able to get a job after graduation!

Around that. The £800/mo included sports clubs, lab fees, transport (their student flat was a commute away), dentist/eyes, prescriptions, etc

Dove Dale was always my favourite; but it seems overcrowded now, so have to go for Lathkill Dale; but I also like Beresford Dale!

I’m guessing you went to school in Sheffield?

@LathkillDale Stockport. 😁

My eldest has just graduated, and we used to give him £300 per month (term time) for living expenses (food / bills / spending money). He didn’t go out drinking much at all, but we used to occasionally subsidise trips with his club, and travel back home, and I would buy him clothes / shoes if needed (as I used to before). He lived frugally at uni (shopped in Lidl), and told me he used to spend maybe £30 on food each week (self-catering). He worked each summer, and had a part-time job in year 3 - which funded holidays with friends and ‘luxury’ items. I think living frugally and budgeting is a really important part of the student experience!

What's the point in a student flat if you still have to commute to uni?

I think it’s silly not to take out the loan. You’d save more money just paying their loan repayments for them afterwards.

Many Unis in the UK have a student housing crisis. Student flats within walking distance were £1250/mo for 1 bedroom in a flat share for one of my DC. So they got a private flat share a 45min commute away but £1k/mo cheaper.

I'm agog at the UK costs. My dd's tuition in Belgium was 850 euros for UG and 1000 for Masters. Rent and bills roughly 600 euros per month - though she could have lived at home - and I paid her phone. She had a pt job to cover the rest and has graduated with no debt at all! I did sub her a bit for spends and deliveroo but 27k per year - OMG.

27k a year is only a few k under my entire annual salary. This really isn't the norm over here unless you're very well-off or in the top % of earners, of which there seem to be many on here.

Current loans are designed so that the majority will pay them off. Many paying much more than they took out, especially mid-earners like teachers or social workers taking a full loan.
We give a weekly amount (on top of accommodation, circa 10k) nowhere near 3 figures and only during weeks DC isn't at home.

um because you don’t have to live with your parents which, dare I say, affords you certain “freedoms” that you might appreciate as a young person.

It is the norm for the annual cost of going to uni in UK though, unless you are able to stay at home. Fees + accommodation + subsistence is around that. The discussion is about how that is funded.

We saved from pregnancy onwards. I was so angry when tuition was tripled overnight and then when maintenance grants were scrapped. It made it very difficult to fund their UG degrees.

If you don't want to live with your parents to party and have lots of sex then move out properly and get a job to pay your rent like everyone else. The whole point of a "student flat" is to live by the university so you can study. Especially if your parents are paying your rent!

No, many people in the UK cannot afford to pay 27k per year per child, just as many cannot afford private school fees. As I said, many people earn under 30k, it is extreme privilege to be able to spend that sort of money on covering your child's tuition and maintenance.
If i had a child I'd be able to support a little but they'd either need to take a gap year and work, live at home, choose cheaper halls and work in holidays/weekends or do a degree apprenticeship.

We give DD1 about £5,000 a year and she gets the minimum loan. On top of this she has a job at university and at home.

We're in the top 5% of earners and give DD1 £5000 a year. I don't know where you get £27,000 from.