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Higher education

Talk to other parents whose children are preparing for university on our Higher Education forum.

How much money to give DD a month at University?

205 replies

tactum · 11/08/2021 23:01

I really do realise this is a very lucky position to be in that we can afford to think about it....

How much money will you give your kid a month at uni? Obv have basic loans in the bag, and we've said we'll make up the shortfall on the accommodation costs, but that basically leaves her with 0 living income. She's hopefully transferring to a job at uni that will earn her £30 per week.

I'm thinking give her £300 per month?? I'm not sure. I really do obviously realise we're fortunate to be able to give her this, and don't want to discourage her from getting job as I think that's important but just wondered what the general consensus was from people in the position to subsidise. Please don't flame me for being able to.....

OP posts:
StuntNun · 18/08/2021 17:55

[quote chopc]@StuntNun this is a genuine question - did you not know when your DC was born that university will cost you and therefore plan accordingly? [/quote]
Yes I knew but unfortunately life got in the way of being able to make much preparation. My DH got made redundant in 2016 and we had to move to a much more expensive part of the world for him to get a new job, both for house prices and for university expenses. We were paying £2300 for rent when we moved here and buying a house actually reduced our expenditure as our mortgage is £2100 BUT we had to beg, borrow and steal to get enough money for a deposit together so all our savings were completely wiped out. Then I lost my job as my employer went bust and I haven't been able to find a new position yet. So a combination of circumstances have left us in a very different position than we thought we would be in at this point.

MrsPelligrinoPetrichor · 18/08/2021 18:04

since 2002 Uni wasn't free. Majority of DC going to Uni this year would be born after

When he was two I was planning how I'd get through the next week /nursery and if he'd get into a good enough school. Uni seemed way off and certainly none of my friends realised we had to stump up quite so much.

chopc · 18/08/2021 18:04

Thank you @StuntNun @Howshouldibehave

I understand

Lumpwoody · 18/08/2021 18:19

@StuntNun if you’re being assessed on last tax years income and that includes your wages you can ask for an in year calculation to be used that will take account of your income drop. media.slc.co.uk/sfe/currentyearincome/index.html

Just in case that helps

StuntNun · 18/08/2021 21:04

Thanks Lumpwoody.

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