Cost of higher education reaches record levels

With the cost of higher and secondary education reaching record levels, many parents are understandably worried about how they are going to fund their children's future learning needs.

Due to the rise in university tuition fees of up to £9,000 per year in September 2012, experts estimate that the cost of putting a child through three years of higher education rise to more than £53,000. 

School fees are also on the increase and over the past decade, the cost of private education has increased by nearly 50%, far outstripping the rise of inflation.

Some independent financial advisers estimate that a child born today could cost in the region of £250,000 to be fully educated in the independent sector, whilst boarding fees could add another £150,000 to this cost.

It is no wonder that increasing numbers of parents are looking for more flexible options to fund their children's education and this is where financial planning can make the difference to make the most of long term savings.

To discuss ways in which you could fund your children's future educational needs contact Andrew Cross on 01572 770 552.

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