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Advice needed for Daughter applying to Uni Watch

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    (Original post by pink1808)
    She cost me £34 bus pass, £50 pocket money, £10 phone bill and maybe £100 food (maybe) so no not really
    So that's, let's just say £200. If you could top that up to £250 a month it would actually make a difference. Let's assume 9 months at uni in halls. If you can give her that £200-£250 per month that's £1800-2250. That, with her loan, is going to come in at £5000+. If that's not enough for her room at halls at least then she can probably find cheaper elsewhere, either a cheaper hall or some sort of private accomodation like renting a room.

    Then she'd just need money for food, which can be done for £20 a week if you're careful. £30 for a couple of little luxuries.


    If you really can't make it work, she really might be better taking a year out (she can ask if they'll defer her offer. They might be willing to do that) and working full time to save up in the meantime.
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    £70 k, unable to find £6k? I think we'd be able to help the OP much better if she would confirm for us that she has several children and a large mansion in Kensington, and is not simply an idiot(!)
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    (Original post by Copperknickers)
    £70 k, unable to find £6k? I think we'd be able to help the OP much better if she would confirm for us that she has several children and a large mansion in Kensington, and is not simply an idiot(!)
    How rude, well if that what Uni does for your manners I don't think I will send her !!! bet your parents are really proud of you helping people in the way you do,
    And when I say 70k that is not take home pay there are taxes and other stoppages
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    (Original post by TheWorldEndsWithMe)
    So that's, let's just say £200. If you could top that up to £250 a month it would actually make a difference. Let's assume 9 months at uni in halls. If you can give her that £200-£250 per month that's £1800-2250. That, with her loan, is going to come in at £5000+. If that's not enough for her room at halls at least then she can probably find cheaper elsewhere, either a cheaper hall or some sort of private accomodation like renting a room.

    Then she'd just need money for food, which can be done for £20 a week if you're careful. £30 for a couple of little luxuries.


    If you really can't make it work, she really might be better taking a year out (she can ask if they'll defer her offer. They might be willing to do that) and working full time to save up in the meantime.

    Thank you very much for being helpful when you put it like that yes I can see a lot clearer, thanks again
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    (Original post by Clip)
    It is so wrong to be telling other people how to meet their financial obligations like this.
    I'm sorry but I seriously baulked when I read the OP.

    My dad earns 55,000 and my mum nothing. They paid my accommodation costs at Uni and sent my brother to private school at the same time. I don't understand how anyone on 70k can't dig deep/change their lifestyle and cough up 3 or so grand a year. Remortgage the house, nip a bit out your pension. There's no way this family has no way of getting the money and kicking their daughter out just so the government foot the bill is in my eyes, morally very wrong.
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    (Original post by Crumpet1)
    It is nobody's business to be telling the OP that she is not looking hard enough to find the money. You don't know her personal circumstances. She might live in an expensive part of the country and have a crippling mortgage. She might have elderly parents in a care home. There could be all sorts of reasons why finding the money to put a child through university will be a struggle. She hasn't asked for commentary on that, she's asked how other people manage it when money is tight. How about offering some actual help rather than just telling her she isn't trying hard enough?
    Thank You x

    Sorry I should have known I would have got slated but its the same if we had a income of above 45K so god knows how some parents do it

    I have lots of reasons why we don't have much disposable income which you are right are private and nobody's business, we don't have fancy holidays, in fact we have not had one in 7 years , we don't eat out every week or month for that matter, we buy what we need not what we want and we never get anything on credit we save for what is needed,


    Thank you again for all the people with the helpful comments you have been helpful.
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    (Original post by pink1808)
    Thank You x

    Sorry I should have know I would have got slated but its the same if we had a income of above 45K so god knows how some parents do it

    I have lots of reasons why we don't have much disposable income which you are right are private and nobody's business, we don't have fancy holidays, in fact we have not had one in 7 years , we don't eat out every week or month for that matter, we buy what we need not what we want and we never get anything on credit we save for what is needed,


    Thank you again for all the people with the helpful comments you have been helpful.
    Have you looked at getting your house insulated? My parents did that and it cut their bills a ridiculous amount. You used to be able to get it paid for by the government as well in part.

    The other option is encouraging your daughter to go to university in the North of the country if she isn't already as it is a lot cheaper.
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    Not to sound rude but these questions popped into my mind, I don't get it, you earn 70k a year yet you can't give 6k to your child? Where does all that money go? Do you prefer luxuries over your child's education? And why can't she take the loans out like everyone else does?

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    (Original post by pink1808)
    Thank You x

    Sorry I should have known I would have got slated but its the same if we had a income of above 45K so god knows how some parents do it

    I have lots of reasons why we don't have much disposable income which you are right are private and nobody's business, we don't have fancy holidays, in fact we have not had one in 7 years , we don't eat out every week or month for that matter, we buy what we need not what we want and we never get anything on credit we save for what is needed,
    But you didn't have the foresight to save for your daughter's university costs?

    Feel sorry for her to be perfectly honest.
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    (Original post by NikolaT)
    But you didn't have the foresight to save for your daughter's university costs?

    Feel sorry for her to be perfectly honest.
    It makes me so grateful that my parents saved all my child benefit for when I went to university. Yeah I lived in second hand clothes and the vast majority of what I owned was inherited, (not to mention the one bed house til I was 4, then the one that was so grim I refused to take my wellies off in the house for a good 6 months!) but Jesus I definiteley needed that money more later!
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    (Original post by pink1808)
    How rude, well if that what Uni does for your manners I don't think I will send her !!! bet your parents are really proud of you helping people in the way you do,
    And when I say 70k that is not take home pay there are taxes and other stoppages
    Manners? On the internet? I'm happy to help in any way I can but you need to be a little more realistic. Try speaking to a financial planning advisor if you don't want to give more information here, how can we possibly help you when we know nothing whatsoever about your situation?
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    (Original post by redferry)
    Have you looked at getting your house insulated? My parents did that and it cut their bills a ridiculous amount. You used to be able to get it paid for by the government as well in part.

    The other option is encouraging your daughter to go to university in the North of the country if she isn't already as it is a lot cheaper.
    This, right here is one of the most churlish, spaced out comments I have ever read on TSR, and that's saying something.

    Can't afford university? Get loft insulation.

    Seriously, what colour is the atmosphere on your planet?
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    (Original post by Afghan Warrior)
    Not to sound rude but these questions popped into my mind, I don't get it, you earn 70k a year yet you can't give 6k to your child? Where does all that money go? Do you prefer luxuries over your child's education? And why can't she take the loans out like everyone else does?

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    Maybe you haven't heard of that thing that people in the real world do. What's it called again? Oh yes - paying taxes.

    Someone earning £70k doesn't see anything like that, and the £6k you're talking about has to come out of disposible income.



    (Original post by NikolaT)
    But you didn't have the foresight to save for your daughter's university costs?

    Feel sorry for her to be perfectly honest.
    Unpleasant, rude, unecessary and showing a complete naivety and lack of understanding of life. You really got to grow up.
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    Jesus the post on here are really horrible!! What people need to understand is 70k after tax won't be 70k anymore. Especially if that's a one person's income or if one person is paying the 40% tax (can't remember the cut off)
    Then add living expenses etc which in some part of the country is quite hefty and I doubt there's a lot left!!

    OP would you consider taking a loan? My mum was talking about taking loans when I started talking about university and the bank says they'll probably approve it. Ofc it's hefty when you start paying but maybe your daughter can work and pay it slowly? It gives her some time to find work.

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    She could take an overdraft and get a part time job to pay it off?
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    Even on an income of 70k, your daughter would still be entitled to a maintenance loan of over 3000 pounds.
    I'm in the lowest income bracket and I get 6000 between my loans and grants which is more than enough for me to live on if I budget well. You only need to find between 3-4K but I don't know how feasible this is as I don't know your financial situations.
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    You could also ask her to look into what universities offer scholarships or bursaries for higher grades if she's doing well in her A levels.
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    (Original post by Clip)
    Unpleasant, rude, unecessary and showing a complete naivety and lack of understanding of life. You really got to grow up.
    I don't understand - you expect a forum full of kids to sympathise with the middle class parent over the child who gets told her £70k/year household are finding it financially difficult to send her to university?

    Christ.
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    As much as I don't understand the whole 70k household but unable to support daughter, let's just try and be productive here and go with it.
    student finance gets you tuition fee loan and the maintenance loan of £2871. (correct me on those numbers of necessary)
    I don't know where the £100 for food estimate came from, middle class uni students eat at £50, if not £30 a week. She shops at tesco from now on, and until she works out financing properly, she does not drink or otherwise waste her money. If she's not capable of this self control; then she's not ready to be independent.
    Depending on where your daughter is going affects the living costs and accomodation.
    London based unis have high accomodation costs. A friend of mine who is attending RADA (however you spell it) is actually staying at a girls only youth hostel. I'm just going to assume its less than regular out of london accommodation. Because there is no way in hell you're going to pay the 6k regular accomodation of london unis. If she argues then she takes out one big loan or she doesn't go to london, its simply not do-able otherwise.
    outside accomodation maximin is around 4.5k. (Yes a maximin, that's not a typo)
    so you need 1.8k + living costs (hypothetical numbers), just to get started (going by each year)
    However the only initial costs for university is the first in bulk payment for accommodation (the first side of the 3 month contract) going with the 4.5k - we'll call it 1.5k; as well as all the school books and equipment, gym pass, bus pass and so forth and finally as a safe provision, 3 months worth of food money. that comes to about 2k, give or take £100.
    your first initial 3 month installment of your maintenance loan comes to £900 ish.
    so she need 1.1k every 3 months extra to be safe and comfy.
    So you can give her 1.1k near enough and tell her to get a job during the first 3 months of uni (get to the accommodation the earliest possible and get job hunting / look up the market now and apply)
    or she can get that 1.1k start up cost by working through the summer holiday / out of her own savings.
    now for the next three months after that, again I'm just going to carry the 1.1k - because its late, I'm tired and the information is very vague (seriously PM me all the exact costs, which university and preferences for jobs and any further questions and I'll plan it all out)
    so 1.1k every 3 months
    rounding it up for comfort - £400 a month (dat rounding tho)
    that's £100 a week.
    minimum wage is 6.50 ish. She works 16 hours a week as a part time job and she's perfectly fine for every 3 months thereafter.

    option 1: front her £1100 - I dunno how viable it is. She'll get a job within the first three months and job's a goodun.
    option 2: she raises £1100 by herself from summer holiday jobs and then send her packing and she get's a job within the first three months and job's a goodun.
    option 3: persuade her to take a gap year, if she works just 20 hours a week at minimum wage for 40 weeks. that's 5k. she'd have a much easier time of all this, plus her CV would shine even more and she'd find it easier to get employment at whatever place she's going to uni. (this will be the best option if she's absolutely dead set on a London university and won't stay in a hostel.
    if you say funding 6k is out the question each year (and quite frankly even if I had the money I wouldn't fund them every year) she's getting a job during university. If she rejects this idea, she's not ready to go to university

    This is probably the haziest set of figures I've ever had a look through but they're a rough idea. I'm effectively assuming she'll live on 6k a year here (which looking back through is what you listed it as, which is somewhat reassuring)
    Again PM me with more exact details and I'll try and make this as accurate as possible.
    I Hope this helps - seriously, this took half an hour at 1AM.
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    (Original post by Clip)
    This, right here is one of the most churlish, spaced out comments I have ever read on TSR, and that's saying something.

    Can't afford university? Get loft insulation.

    Seriously, what colour is the atmosphere on your planet?
    Well it literally saved my parents £500 a year. Doesn't sound so stupid now does it?
    Its the best way to cut energy bills, which cut into a really large part of peoples wage per month.

    If you're having to scrimp and save, and you own your own house, that is literally the first thing I would do.
 
 
 
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