Going to university is an exciting chapter in your child’s life. It’s an opportunity for them to further their careers, but also a chance to meet new people from all walks of life. Everyone’s position and background in university is unique, and while some parents can afford to fully support their kids through university, for many it’s simply not feasible – and that’s ok.
But just because you can’t afford the tuition fees, living costs and other expenses that come with your child going to university, doesn’t mean that there aren’t other affordable ways you can help them financially.
Take a look at some of these ideas for helping your kids at uni, even when you can’t fund it all.
Help them with their rent
Students will be faced with a whole new load of financial responsibilities when they start university, with one of them being rent. The reality of university is that a maintenance loan only goes so far, and it often just about covers their rent. Even if you can’t afford to pay their full monthly rent, you could try giving them a certain amount towards it. The extra boost will make a huge difference and can ease some of the pressure of meeting this new cost.
Make sure they’re eating
Even though your child is away at university, you’ll still worry about them. One of the things that you’ll want to make sure if that they’re eating well. Many students will favour nights out and packets of noodles over eating good meals but this is where you can step in. By buying them gift cards to do their food shop, or doing an online shop for them, you can make sure that the cupboards are stocked and put your own mind at ease too. You can also teach them how to cook some great student meals to tide them over and ensure they’re not just eating ready meals and junk food.
Cover some of their other expenses
When you’re a student, any form of financial help is greatly appreciated. Could you help to ease some of your child’s other expenses, like their phone bill or fuel costs. By searching around for young driver insurance, you can find a great deal and help your child to cover some of their car costs. This will not only help them free up a bit of money each month, but it also means they’ll be able to afford to drive back and see you now and then too!
Having a kid at university is an exciting and proud achievement, but it can be stressful for families who aren’t well off financially. Fortunately, there are grants and scholarships available that could help your child during their time at university and make sure they have the time of their lives. Helping them out in small ways and teaching them how to manage expenses at uni are simple but effective ways of providing support, and your child will appreciate everything you’ve done for them. University will teach your child some great life lessons, and learning to manage their finances will be one of the most important.
You must log in to post a comment.