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How much to save fo...
 
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[Solved] How much to save for my kids university education?

 
(@geek84)
Honorable Member Registered

Hi Folks

I have twins and hopefully they will be going to university in the autumn of 2019.

I want to start saving for this but don't know how much to save.

I know there will be things like rent, food, clothes, books, travel etc to take care of, but what other things do I need to consider?

Can I get some rough estimate figures to give basic guidelines?

Finally, do you think I'm thinking too far ahead and should wait until they are in the middle of the 1st year 'A' level courses before starting to put money aside?

Thanks in advance for your responses.

Quote
Topic starter Posted : 09/01/2016 9:02 pm
(@dadmod4)
Illustrious Member

If you can save now, then do so as it will mean a larger fund (you don't have to give it all to them). I think my daughter started with about £5000 (she had save a lot of it herself) which I then split into 36 and paid her monthly and she did top up during holidays with work, and it lasted her the whole course. It also depends on your income as to how much of a loan she'll get, etc.

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Posted : 09/01/2016 10:23 pm
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