With university costs on the rise and tuition debt smashing the borrowing capacity of first-home buyers, helping kids get started in life has arguably never been more expensive. Plan and save early, experts say. We’ve also found the most generous scholarships available.
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For Bridget Johns, 41, it was her parents’ decision to pay for her to attend university that shaped her plan to follow the same path with her own kids.
Her parents paid for her board, living expenses and her tuition fees for the first two years of her four-year degree, while Johns paid for the rest of her tuition fees upfront using savings from a part-time job, rather than using a government loan, which allowed her to leave university without any debt.
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Original URL: https://www.afr.com/wealth/personal-finance/the-eye-watering-education-bills-parents-face-20240801-p5jyc5
