Quarter of parents helping with university costs plan to give over £50,000
UKPulse Local Desk
A quarter of parents who assist their children with university expenses anticipate contributing £50,000 or more. Some parents also plan to borrow money or rely on wider family support.
- A quarter of parents helping with university costs expect to provide £50,000-plus.
- One in ten parents stated they would borrow money to help their child.
- Other parents indicated they would rely on support from wider family members.
A quarter of parents who contribute to their children's university costs are set to provide £50,000 or more. This financial commitment highlights the significant support many families offer.
Furthermore, one in ten parents reported they would borrow money to assist their child. Other parents indicated they would rely on support from wider family members to meet these expenses.