Part One: Funding your child's university years

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Going to university can cost more than £7,000 a year when you take into account tuition fees, accommodation, food, transport and socialising. IFAonline asks top advisers what parents can do to save enough money to fund their child's further education.

Simon Webster is managing director at Facts & Figures Chartered Financial Planners           When considering university education you should ask yourself three questions. 1. What will it cost to send a child to university for a year? Tuition fees £3,290 Accommodation varies by location but say £6,000 Then there is the cost of books and incidentals say £1,000 Food £1,500 Call it £12,000 a year for 3 years. 2. Can I afford it? 3. Before committing a great deal of hard earned cash, make sure your child is both suited and prepared to do the work to justify the ...

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