A survey by Which? has revealed that more than four in five parents plan to contribute to their children's living expenses at university, with some dipping into savings or taking second jobs. The average monthly contribution is £360, covering rent, food, and study materials.
Nearly half of parents said they were surprised by the costs involved. One parent of three students told Which?: 'All my earnings go into supporting my children, and we have gone without many things to support them.'
Of those contributing, two-thirds use monthly earnings, while the rest rely on savings or, in 6% of cases, a second job. One in four parents cut back on spending, including holidays, new cars, or home improvements.
Accommodation costs are the biggest expense, followed by food and study materials. Gareth Shaw, head of money at Which?, said: 'Sending a child to university is an exciting milestone, but it is also a major financial commitment.'
Student funding varies across the UK. In England, maintenance loans depend on parental income, with higher-earning parents expected to make up the difference. The Welsh government offers more generous support, including grants. A review recommended reinstating grants for poorer students, but a decision awaits a new prime minister.
