Nick Onslow, Chartered Financial Planner at Progeny, shares everything there Is to know about funding higher education and the best ways to fund the costs of university. 
August is the month when A-level and Highers students across the UK find out if they have obtained the grades they hoped for and the point at which going to university starts to become real for many. It is also when those students and their families start to understand what a university education will actually cost, as places are duly accepted and accommodation is confirmed.  
Entering higher education comes with big financial considerations and ones which could continue to play a part in the prospective student?s life long after they have graduated, especially in light of the recent Government reforms regarding university funding. The students of 2022 will additionally embark on this journey during a cost of living crisis, where inflation is rising at the highest rate in 40 years.  Paying for a child?s higher education is therefore often an important part of any parent?s broader financial planning and features regularly in the lifetime cashflow modelling exercises we undertake with our clients. 
What does higher education cost"

The annual tuition fee for UK full-time undergraduate students for the 2022-23 academic year is currently capped at £9,250.  
The National Student Money Survey has calculated that the average living costs including accommodation and food can average up to £9,720 per ...