The increase to £9,000 a year will deter some from attending university
Worry about the impending increase of of student university fees is constantly surfacing, is the education worth those years of debt?
Well, apparently it is. A new study of British millionaires shows that two thirds of them were educated to a degree level, with a third achieving a Masters degree.
Martin Lewis, who is heading up the Independent Taskforce on Student Finance Information, believes with the right financial advice and long-term planning it is possible for parents to ensure their children can attend university without either themselves or their children having to live with unmanageable debt for years to come.
Whilst he admits parents and students have a right to be concerned about the fee increases, he also believes there is a lot of misinformation floating around.
In the video below, he gives parents up-to-date advice and information to make an informed decision about whether university is a feasible financial option for their children.
Dr Terry Fish, Head of Twynham School, Dorset also gives his views on why further education really is still worth it, while Jo Rimmer from Skandia - who conducted the study - reveals more from the research.
Tagged in Parenting University