Quarter of students expect free ride at uni
A quarter of prospective students expect their parents to fund the entire cost of going to university, a new survey has found.
However, 40% of the parents of the would-be undergraduates told researchers for the Association of Investment Trust Companies (AITC) that they were saving nothing for their children's futures. Among those who are saving, the average is £253 per year, but almost a quarter put away less than £200 annually.
Grandparents seem willing to share the burden. 53% believe they should help out, saving on average £93 per year for their grandchildren. Their own children are less keen on them doing so: only a quarter said they ought to.
Parents are willing to make sacrifices, though. 24% said they would sacrifice their annual holiday, while 22% would forego a new car to help get their children through university.
TNS interviewed 2,012 adults and 536 youths aged between 16-19 for the research in late June.
Send this article to a friend