Prepare for University Finance ; Jeremy Gates Looks Into the Prospects for Young People After Their a- Level Results

Summary

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Congratulations, and prepare to run up debts of nearly pounds 25,000. That's the message to nearly 400,000 students who won university places this week - and now face tough decisions on financial planning.

That huge potential debt was calculated by the Association of Investment Companies (AIC), where communications director Annabel Brodie-Smith said: "So many students and their parents still underestimate the true cost of going to university.

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Extract

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Prepare for University Finance ; Jeremy Gates Looks Into the Prospects for Young People After Their a- Level Results

"While university gives many people some of the best years of their life, the reality on graduation is a huge financial burden which can take years to pay off."

The AIC reckons that pounds 50 per month paid from birth into one of the investment trusts it represents could generate a lump sum of pounds 21,300 by the age ...

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