Parental contribution for Scottish students

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I have 2 children aged 12 and 10 and think I need to give some more consideration as to how we will fund them should they go on to higher education and live away from home. I know fees will be paid and they will be eligible for the lower student loan but how much do parents contribute per year to their student children?

Neither Dd at college, or her boyfriend at Uni get anything from parents.
They live in a flat with boyfriend's brother too.
We just can't afford it.

I have known quite a few folk (one was my sister) not settling and enjoying the university or college the had chosen and it was very easy for them to transfer to another institution often closer to home. These ranged from Dundee university, Glasgow school of art, Aberdeen university, Stirling and Glasgow university. So they there are options if they are having a hard time.

Well seeing as we have left the eu and free places will stop for eu students from 2022 then more places should open up for Scottish students.

Glad you enjoyed Edinburgh Jodri. 😀 Yes re leaving the EU, I saw the English gov have also reduced the amount of English students who can study in Scotland.

My DS did an HND first at our local college. He stayed home and saved most of his loan money. After 2 years, he went into 2nd year of Uni and had the money to pay for accommodation up front. We paid for his food and he was able to save the loan money to pay for the following year up front too. He came back home for 4th year and travelled to the Uni 2 days per week. It cost us nothing other than £40 or so per week of food.

DD went to Uni in Edinburgh and used her loan money for accommodation. We gave her £200pm, Grannies gave her £50 each and she had a retail job which earned her £500pm. She had more disposable income that we did for a couple of years!

DS is finished now and DD is going into 4th year. She only plans to work 8 hours or so as she plans to study lots. We'll be giving her some money but it won't be more than £200pm.

We had no savings to help them out but we've managed and the kids haven't ever had to resort to beans on toast!

Also, our kids only get/got the £4750 annual loan. No bursaries.

That’s really good to hear Chocolate. It sounds like there is a wide variety of experiences as far as funding goes.

Those that have apologised about detailing the original topic - don’t. It’s not something I’d thought about before and it’s been interesting to see your thoughts.