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How much do you give your Kids at Uni

  • WhiteRose
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23 Sep 13 #408139 by WhiteRose
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A grand a month!

Nearly choked on me Horlicks :ohmy:

WOW - I manage to live on less!

Think £50 a week seems reasonable :)

Keep some back for when she asks you for emergency money.

When she visits you can always take her out and stock her up with toiletries, clothes etc.

  • Fiona
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23 Sep 13 #408140 by Fiona
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The article WR linked to is about university fees and the problem for students is really meeting their everyday living costs.

I would suggest you find out how much your daughter will receive in the way of loans and grants and how much she can realistically earn either during the term or holidays. Her living costs can be estimated using the university prospectus or website. Sometimes the information can be found under student finances for foreign students.

The costs of student accommodation varies but as an example our son paid £4k/academic years for self catering halls. Oxbridge tends to be cheaper as the terms are shorter, and London of course is more expensive.

When you have the information you can deduct her living costs from the loan/grant/earnings to establish any shortfall. Remember though that student jobs are now quite difficult to find these days. In our case my ex and I earned about the same and agreed to share the shortfall by paying our son £250 each.

  • fairylandtime
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23 Sep 13 #408142 by fairylandtime
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Hi there

Eldest son has just gone off to uni (sob - getting over it :-)) I calculated a budget wi him, taking into account his grant & loan, less the halls, TV licence, phone oh & the all important food :laugh:

If you go on the uni sites they give you an average student expenditure per week, upped it a bit for son (esp social side), he also has a job down there.

X has always given £100 PCM (presuming this will continue I will be passing it on directly (which I did already)) & will be topping this up by £100 again - so £50 per week as WR said. Having said that part of my monies to son will pay for phone, TV licence etc direct.

Won''t mention the £1k to son lol wouldn''t be able to afford that in my wildest dreams

Stay strong JJx

  • esox11
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23 Sep 13 #408150 by esox11
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I choked on my coffee too...
Rediculous amount.
Happy to give her what I paid in cm. then mum can pay same.
Lets see if that works??

  • sexysadie
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23 Sep 13 #408151 by sexysadie
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I looked at what the university said he would need during term time, then set that against what his dad is paying (agreed child support just paid to him instead of me) and what he would get from the loan. Then I''m making up the difference, plus a bit more so he has money when he''s at home, by paying his rent during term and feeding him in the holidays. His university doesn''t let them work during term time as they want them to focus on study (something I agree with) and it''s hard to find holiday work - he tried this summer and failed.

I also made a long list of what he will need to spend money on, with approximate amounts per year, based on what I pay for now, and showed him how he could live on what he is getting if he''s careful.

We''ll have to see how it works out in practice, particularly with his dad paying the same amount each month but him actually needing more during term.

Best wishes,
Sadie

  • esox11
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23 Sep 13 #408172 by esox11
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Thanks, makes good sense re job. However she wants to do it so only she will know if she can handle it.

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