Finding advice about managing university costs

[yourewrongthenyoureright]

Two kids likely to want to go to uni currently in Y6 and Y8 (UK).

Please could you share/direct me to your most helpful videos/websites about all things financial in this regard? I’ve started with Martin’s student loan calculator…!

MSE is as good as any info IMO.

Also, at a more basic level I’m not sure it’s much different to saving for any other future expense.

You can google average costs in terms of accommodation and living expenses but it varies a lot between cities (cheapest rent in parts of wales £5-6k whereas London or Exeter more like £9-£10k+ and who knows what inflation will do.

Plus it depends if child gets a part time job or does a gap year, does a 3,4 year course (or more).

In short, put away as much as you can without being miserable in the meantime! Good luck!

I’d base it on 6-7k per year per child as that’s the difference parents are expected to pay between minimum loan (if salary is over a certain amount) and max loan. So 20k per child, which is a lot of money. Obviously not all parents will contribute that much and they may have their own childhood savings plus part time work. My son worked full time in summer and earned 5k.