Parents feeling the pressure of supporting children

Parents are increasingly feeling the pressure of supporting their children as they work their way through university, which could be a contributing factor to the fact that the number of people applying has dropped.

With tuition fees rising to £9,000 per year throughout the country, it was reported last week that the number of people applying was down by 8.7 per cent last year.

According to Georgina Earle, director of Women In Debt, many parents now feel the strain of supporting student children.

"Many parents will have had the intention to support their children through university and may have saved up allowing for this expenditure, however the financial pressure that parents are finding themselves under will make it difficult for them."

She went on to add that as a result, there is now a rise in the number of students who are having to take on an increased level of debt compared to what they normally would.

Norton Finance, Norton House, Mansfield Road, Rotherham, South Yorkshire S60 2EB Tel: 01709 518518

Norton Finance is a trading style of Norton Financial Services Limited - Company Registration Number: 1703503 - CCL Number: 142718

© 2012 Norton Finance