Are you a student or a parent trying to navigate the tricky world of student finance? The rising costs of higher education are putting a strain on even the most budget-savvy individuals. But fear not, as Telegraph Money is here to guide you through the maze of student loans, tuition fees, and living costs.
With tuition fees loaned up to £9,250 a year and maintenance loans to cover living expenses, students have options to finance their education. However, the repayment structure of student loans is more akin to a tax, with repayments tied to graduates’ earnings.
Should parents step in and pay for tuition fees? It’s not a simple answer, as factors like tax benefits and investment opportunities come into play. Whether to pay for living costs is also a dilemma, with some parents opting for part-funding to teach financial responsibility.
Navigate the world of student finance with Telegraph Money’s expert insights and make informed decisions to support your children through their university journey.
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