The high cost of sending children to university

Over half of undergraduate students will this year rely on financial help from their parents, receiving a total of £5.29 billion over their university lives, according to a survey by Sainsbury’s Finance.

The research reveals that 53 per cent of parents plan to financially support their offsring through university, handing out an average of around £8,000. However, one in three students will receive more than £10,000, and a tenth of parents intend to fork out more than £20,000 …

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