How much should I contribute toward my daughters living costs at university

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Anonymous #1
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My daughters student finance covers her accommodation costs with a tiny amount left. How much is a reasonable amount for me to pay for her living costs each week. I pay for her mobile, car insurance and Spotify separately.
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Anonymous #2
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No more than that! She's 18+ now and won't learn independence if you treat her like a child still.
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Anonymous #3
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(Original post by Anonymous)
My daughters student finance covers her accommodation costs with a tiny amount left. How much is a reasonable amount for me to pay for her living costs each week. I pay for her mobile, car insurance and Spotify separately.
It’s a tough one. Personally my loan covers about half of my rent as I’m on a reduced loan to pay back SFE from a previous year. Even once I’m back to my full loan it will only cover 2/3 of my rent. My parents and I have an agreement that they pay my rent and I pay everything else for living. If I have anything left at the end of the month I pay them back. I am getting £3500 for the year, which really isn’t helpful am I’m disabled and need to get extra stuff for studying and living, but I’m not in London so SFE don’t care. If she has to pay the rent then definitely just cover what she needs extra for food and stuff. Just don’t give her so much that she wastes it on things not needed.
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Joinedup
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The amount of maintenance loan tapers off for higher household income. There's a calculator on moneysavingexpert that shows how much parental contribution will bring your daughter up to the amount the government thinks a student needs to live on.
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Little pecker
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All of it
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AnnaBananana
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I get the minimum maintenance loan due to my parents income - I’m a student in London on a medicine course so it’s hard to fit in a regular part time job, I’ve found vaccination clinic shifts and tutoring to be flexible though.

My parents basically top me up to the maximum loan amount - their POV is that if their income was lower, that’s what I would get. I usually ask for clothes and stuff like big pump bottles of toiletries, Amazon gift cards etc for birthday and Christmas. From this year I have more placement time, my parents have offered to help with the travel costs for that because London rents are so high!

You can find out what the maximum loan amount is by going to the student finance gov website and running through the calculator putting in a low household income so you can see the difference.
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londonmyst
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It depends on your spare monthly income, your daughter's location and standard of living.
If your daughter is living in London, I'd recommend either paying for her annual rent costs or giving her a minimum allowance of £50 a week.
If she lives outside of London, just paying her annual rent will be more than enough.
Maybe encourage her to create a weekly budget to ensure that she never runs out of money and has to resort to payday loans or expensive bank credit.

It is very kind of you to be willing to make your daughter an allowance.
In addition to paying for her monthly insurance, phone bills and spotify subscription.
I built up over £50k in credit card debt over my undergrad and first two postgrads, rent was generally my largest expense.
Spent years working four part time jobs and living on a weekly budget below £29 after paying London rent & bills.
I'd saved up for years through primary and secondary school towards the costs of student accomodation but my violent mother swiped my lifesavings in y13 trying to prevent me from being able to leave for uni.
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Ten-Ten
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(Original post by Anonymous)
No more than that! She's 18+ now and won't learn independence if you treat her like a child still.
So if your child gets the minimum student loan that literally just covers their rent you’re going to let them fend for themselves?
Last edited by Ten-Ten; 4 weeks ago
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Muttley79
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(Original post by Anonymous)
My daughters student finance covers her accommodation costs with a tiny amount left. How much is a reasonable amount for me to pay for her living costs each week. I pay for her mobile, car insurance and Spotify separately.
Check here; https://www.moneysavingexpert.com/st...on-tool/guide/

You are not feeding her whilst she's at uni ...
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Anonymous #1
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(Original post by Joinedup)
The amount of maintenance loan tapers off for higher household income. There's a calculator on moneysavingexpert that shows how much parental contribution will bring your daughter up to the amount the government thinks a student needs to live on.
I think the government and my daughter have very different ideas of what they should be living on. I'll give the calculator a go though. Thank you
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Anonymous #4
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my student loan is somewhere between the minimum and the maximum - covers my rent with about 40 quid left a week. My mum's kindly offered to transfer me 10 pounds a week but there's no way she'd be able to cover my rent or anything like that. I'm hoping savings from jobs i've worked in sixth form and part time work at uni will help me through uni. the student loan system isn't great and i can see why people on small loans mainly rely on parental contributions but i guess it depends on how much your parents are able to give
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Anonymous #1
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(Original post by londonmyst)
It depends on your spare monthly income, your daughter's location and standard of living.
If your daughter is living in London, I'd recommend either paying for her annual rent costs or giving her a minimum allowance of £50 a week.
If she lives outside of London, just paying her annual rent will be more than enough.
Maybe encourage her to create a weekly budget to ensure that she never runs out of money and has to resort to payday loans or expensive bank credit.

It is very kind of you to be willing to make your daughter an allowance.
In addition to paying for her monthly insurance, phone bills and spotify subscription.
I built up over £50k in credit card debt over my undergrad and first two postgrads, rent was generally my largest expense.
Spent years working four part time jobs and living on a weekly budget below £29 after paying London rent & bills.
I'd saved up for years through primary and secondary school towards the costs of student accomodation but my violent mother swiped my lifesavings in y13 trying to prevent me from being able to leave for uni.
Thats awful. I actually put myself through university as a single parent so I know what it's like to juggle the finances. Fortunately she doesn't have to do that but I sometimes wonder if she's deluded about how much I should be helping her.
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username4910484
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Spotify is a waste of money, you should stop paying for it. There are apps and websites that will do the same thing but for free. £6.99, the price per month of the student membership, could be put to far better use.
Part-time work that doesn’t harm her study will be probably be beneficial when it comes to her future career. Don’t give her more money than she actually must have off you.
Last edited by username4910484; 4 weeks ago
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Blue_Cow
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(Original post by Anonymous)
My daughters student finance covers her accommodation costs with a tiny amount left. How much is a reasonable amount for me to pay for her living costs each week. I pay for her mobile, car insurance and Spotify separately.
Current max loan amount this year - what she gets from SFE - money she earns from work or summer internships = how much you should give her.

If she manages to save some of that, then it's all good. That can go towards a deposit for a house or their emergency fund.
Last edited by Blue_Cow; 4 weeks ago
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RogerOxon
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(Original post by Anonymous)
My daughters student finance covers her accommodation costs with a tiny amount left. How much is a reasonable amount for me to pay for her living costs each week. I pay for her mobile, car insurance and Spotify separately.
A car is a liability, and major expense, in most cities. Many universities don't allow, or strongly discourage them, without compelling reasons. I would ask them to work between terms if they want to keep it.

Is the course hard enough that her working would be bad? My approach is that I want my children to be able to focus on their studies, so not have to work during term.

The amount needed will also depend on where. Around £100 per week (during term time) is reasonable in London, for someone that lives frugally, plus paying for transport to and from university each term. I would make them pay for their own mobile phone use (provide a cheaper phone) and Spotify (if it's really worth it to them). They need to learn to budget.
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Anonymous #1
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(Original post by RogerOxon)
A car is a liability, and major expense, in most cities. Many universities don't allow, or strongly discourage them, without compelling reasons. I would ask them to work between terms if they want to keep it.

Is the course hard enough that her working would be bad? My approach is that I want my children to be able to focus on their studies, so not have to work during term.

The amount needed will also depend on where. Around £100 per week (during term time) is reasonable in London, for someone that lives frugally, plus paying for transport to and from university each term. I would make them pay for their own mobile phone use (provide a cheaper phone) and Spotify (if it's really worth it to them). They need to learn to budget.
She has a job to come back to over the holidays so can support herself then. I was thinking that she could just focus on her studies in term time in case she gets distracted and maybe look for a job in her 2nd year.
The mobile contract runs out soon so I think I'll let her deal with that and you're right about Spotify. Thank you
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