How much does it cost for a child to go to a good uni per year?

[bakedbeans]

I was talking to DH and how much it would cost for our kids to go to uni ie if they were to go in 2007, which they won't be atm as they are only little, but so that we have the prices in today's prices iyswim. I mean for LAW or for TEACHER degree ie MA? But at a good uni though rather than a poly {as they were called}

Undergradute Fees are likely to be around £1,800 for the academic year. You will need to add accommodation costs for term time and living costs, this will depend on lifestyle obviously!

I am sure that there are calculator things online (no idea where though!) that could work it out for you - or a financial advisor would be able to help you.

this is pretty helpful.

For what it's worth, most degrees take three years, but some things, like law or medicine often involve longer courses or further study after university, which can add a huge amount to the total bill if you add it in.
'Good' universities (and this includes old polytechnics, especially if they want to study something modern and/or esoteric) don't really cost any more than 'bad' ones - some universities are better as some subjects than others so may be (for example) 'good' for maths and 'bad' for english.

Thank you very helpful, I never realised it was cheaper in Scotland. Will look at the website and show it to DH when he comes home, we felt if we knew what it cost for 2007 we would have an idea of the cost when or if our kids go. iyswim

I didn't go so have no idea really about uni costs

They can get a loan to cover fees, which they pay back when they're earning over a set amount. That satrted these days. My Uni wasn't even a Pooly (teacher training collegiate) but does excel in certain areas, rooms on campus (mainly first years) are about £3K a year, food £3.50 for a proper 'meal'. Buses etc are a must,a s theres no supermarkets nearby and thats quite common. Books cost ema fortune, £30 a month on top of what I can get in teh Library. Then there's all the basics like food as well. Most students work though, well unless your parentsa re well off you have to really.

Bristol, when I looked at that you can add a further 20& minimum to basic costs.

Teachers degree eg BEd 4 years, PGCE plus degree also 4 years, but you can get extra cash for PGCE ATM dependent on subject (eg I am doing RE).

Undergraduate fees are over 3,000 a year, plus about another 3,000 for accommdation (not food etc). 18,000 for 3 years

We had a similar conversation recently.

We have an endowment due in a few years for about 38k. It was to cover mortgage but we got that covered elsewhere so it is available to use for other things (or so I thought).

When asked DH what he thought we could use it for - he said for DD to help her through uni... I thought it was ahuge amount but he reckons that by the time she is 18 (15 yrs time) it will be about right.... he doesn't want her to come out with loads of debt - although he doesn't want to spoil her either...

What happens if she doesn't/can't go - then we can give it to her for a deposit - he obviously had it all thought out...

Bang goes my dreaming then...

Hi bakedbeans
I'm at uni at the moment, the fees are £3'000 pounds a year and accomodation is from £2'500 to £3'500 depending on the quality of accomodation. This does not include food, books, going out, clothes, stationary, bus passes etc.
To become a teacher I am going to do a degree in a subject that is three years long and then do a PGCE course afterwards. So after this I will have upto £24'000 worth of debt not including any private student loans or overdrafts.

As a parent of a child at a "good" (Russell Group) university - though it would make no difference if he was at a new university (old Poly):
Tuition Fees - now £3000 per year (but likely to rise, especially for courses in heavy demand and for expensive courses such as medicine'vet science). Payment for these is not due until after graduation, so it can be added to student debt (poor child).
Accommodation Fees - Hall of Residence fully catered at DS' university is c£3500 this year - more if you want an ensuite room. DS is 2nd year and rents a house for £62 per week - but he has to pay this for 10 months and has to pay a retainer (3/4 rent in his case for July/August).
Living expenses - depends whether living in hall or out of hall. This year I reckon DS is living fairly comfortably on around £70 per week in term time. This can be made up of our contributions/his earnings/student loan and will cover food, transport, utility bills - phone, gas, electricity etc and the all important entertainment (and maybe the odd book).
If you do a degree in law and want to qualify you will need to do a 4th year of study - but fees for the vocational course can be up to around £10k. I understand that teachers can get special grants/loans. Medics/Vets/Dentists do longer courses at university- up to 5 years.
Courses are only cheaper in Scotland if you live there - and even if you live there you have to pay something - a fee levied on graduation.

Thanks for all the info, it is certainly expensive

Just as lilymaid said. My eldest is doing law but if you apply in time and are good enough the firms will pay the fees for the post graduate bit. The student must apply at the right time and have good results or they won't find a firm to fund that year (or two years if they haven't done a law degree) . I've 3 chidlren at university. They cost about the same as their day school fees cost me actually so I've not noticed the cost! £10k a year or so, bit more for the third one as fees rose.

So say a 3 year law degree - this year's students in all subjects are the first ones with the £3k a year fees. However these fees don't have to be paid until they start earning - thus it doesn't have to cost the parents anything for the fees. I have chosen to pay so they are in the same position I was in without debts, (Blair has really ontributed to inequalities by doing all this with fees stuff) but that's obviously not essential. Also they could live at home as most university students abroad do, so no living costs and you just buy the food so therefore there'd just be travel expenses and books which they could earn out of summer holiday wages. If you're on a low income the £3k is not due at all. In other words you can do it very cheaply if you live near a good university.

So rich parents who choose not to pay their children a penny - the children find they have to find all their costs themselves whereas if the parents are poor there is no £3k fee or a reduced one I think which is a bit unfair but supposedly helps access to higher education from those who are from poor homes.

They can also take out student loans to cover their food/rent etc and most do.

The fees went up from the £1,200 a year my daughter in her second year pays to the £3k this year. Big jump. If you want to be generous assume about £10k.

Looking forward to when the 3 currently are at university get jobs, mind you.....

£3k a year at the University where I work. As Xenia said, low income families may benefit from financial help.

There was a bit in the Sunday Times this week saying that the Russell group universities are going to push for a big rise in fees - £7000 pa was the 'headline' amount - because apparently there hasn't been such a big fall in applications as they'd expected when they brought in the new fees. I think the first year they can put it up is 2009-10, which is when DD would be going if she has a gap year - may time for e rethink there...