Money for university: a parent's guide :Cross Stitch – Parents

If your son or daughter is going to university, there’s financial support available – including student loans, grants and bursaries.

By going into higher education, your child will be making a long-term investment in their future.

Not only could it open up a wider choice of careers: they may earn more. Based on the value of money today, over their working life the average graduate will earn around £100,000 more, after tax, than someone with A levels who hasn’t been to university.

There are costs your child will need to cover during their three or four years of study – but there’s also financial support available to help them.

Students who apply late may not have their first payment ready at the start of term

Your son or daughter should make their application for financial support as soon as possible after they’ve applied for a course – they don’t need to wait until they have received an offer from a university or college.

If they miss the deadline for applying, they risk not getting their money in time for the start of term.