Student debt 'a very real fear' among parents

 (Photo: Sufi Nawaz)

A YouGov survey reveals that parents worry how well their kids will budget when they first leave home.

The survey, commissioned by Ukash, found that over a quarter of parents (26 per cent) with a child aged 16-21 either at university of planning to go voiced concern about their offspring getting into debt.

While 16 per cent said they were "very confident" in their child's ability to look after their money well, and 15 per cent said getting a good degree is more important than debt, 32 per cent said they were either "not very" or "not at all" confident in their child's budgeting abilities.

More than half of parents (55 per cent) cited that learning to manage money well is a valuable aspect of a university education, perhaps especially given that almost a third (29 per cent) worry that their children will struggle to find employment upon graduating.

"University is a fantastic and unique time to make the most of new-found independence, but this lifestyle can all-too-easily lead down a slippery slope to long-lasting debt if outgoings aren't managed carefully," explained Miranda McLean, Marketing Director of Ukash.

"Our research demonstrates that this is a very real fear amongst many parents.

"Many, if not most, students rely on the 'Bank of Mum and Dad' at least to some extent in order to get them through uni. With high tuition fees and the general increased cost of living, this can be a tough time for parents."

Suggestions for worried parents include talking through budgets with children before they head to uni, or sending them cash in smaller, easier-to-manage instalments instead of a large lump sum at the beginning of term.

News
Scotland’s assisted suicide vote: a temporary victory?
Scotland’s assisted suicide vote: a temporary victory?

It will be interesting to see if the Scottish government goes down the route of investing in quality palliative care, or whether Liam McArthur's defeated assisted suicide bill is simply resurrected in another form.

Nick Timothy stands by criticism of Muslim prayer in Trafalgar Square
Nick Timothy stands by criticism of Muslim prayer in Trafalgar Square

Shadow justice minister Nick Timothy is standing by claims that a mass Islamic prayer in Trafalgar Square was “a declaration of domination” that should never be repeated.

Britain’s culture of giving is becoming more 'fragile' as donations fall
Britain’s culture of giving is becoming more 'fragile' as donations fall

A major new report from the Charities Aid Foundation (CAF) has raised fresh concerns about the state of charitable giving in the UK, showing that total public donations fell sharply in 2025 as fewer people gave and average gifts became smaller.

UK urged to press Nigeria on violence against Christians during historic Tinubu visit
UK urged to press Nigeria on violence against Christians during historic Tinubu visit

A coalition of Christian and human rights organisations has called on the UK government to use President Bola Tinubu’s state visit to Britain to press for stronger protections for Christians and other vulnerable communities in Nigeria, amid continuing concern over deadly attacks and weak accountability.