University costs and income

[workstealssleep]

My current plan is to be mortgage free by 50-55, at which time my children will be mid twenties. I work in a stressful job, and don't want to do it forever, at least not full time.

Do I need to plan to earn a hell of a lot to get my children through uni, or could I decrease my earnings?

Any thoughts or relevent experience I would be glad to hear.

A lot depends on when (if) your children are going to Uni, how much you currently earn which will influence the amount for their maintenance loan, which city they choose as rents can be extortionate in some and you may have to pay all of it.

How old are they now? The best thing we did was put money each month in their child trust fund. Eldest is due to go to uni this September and has enough to not take the maintenance loan if he doesn't want to, or he can take the maintenance loan and top up, but I don't need to add anything. My plan is by the time the youngest finishes uni I'll be mortgage free. I'm divorced and their dad is now in a just above minimum wage job so won't be contributing either. Worth working out what the loan would be based on your current earnings and possible reduced earnings, work out the possible shortfall and want you could afford to contribute based on current or reduced earnings,

Edit for spelling!