Planning for University Costs?

With tuition fees, living expenses, and student loans all adding up, higher education is one of the biggest financial commitments a family will face.

WHAT’S NEW?

• Tuition fees are rising – now at £9,523 per year in England.
• Maintenance loans have gone up.
• Average graduate debt is increasing – students now leave university with an average debt of £53,000.

COST OF LIVING AT UNIVERSITY

As of 2025, the average monthly living costs are £1,104, with the biggest monthly cost being rent at £540. This varies depending on which university location you chose.

HOW MUCH WILL PARENTS NEED TO CONTRIBUTE?

Maintenance loans are means-tested based on household income. The higher the parental income, the less a student receives, and parents are expected to make up this gap.

In England the maximum contribution is £5,200, in Scotland £3,000, and Northern Ireland £1,600.

GOOD NEWS FOR NORTHERN IRELAND STUDENTS

Students from Northern Ireland who chose to study at home, tuition fees are around HALF the cost of those in England, Scotland, and Wales – something worth considering when choosing a university.

START SAVING!

The best way to prepare is to start saving early. Even small regular contributions can make a difference. Our junior account facility for those aged 0-15 years is the perfect way to save for your child’s future.

LOWER COST FLEXIBLE LOANS

If you do need some support to help fund your child’s education, you may be eligible to apply for one of our lower interest rate loans:

• Loyal Saver Loan(3.9% APR)**
• 1st Time Loan(5.5% APR)
• £20K + Loan(6.9% APR)
• Standard Loan £5K +(7.9% APR)
• Standard Loan up to £5K(12% APR)
• NEW Flexi-loan product- borrow between £500 - £3,000 (9.5% APR).

Or you have the option to TOP UP an existing loan. Check your loan balance online or drop us an email to see how much you may be able to top up.

We are here for YOU and your family.

Email creditunion@harpandcrown.co.uk or phone 028 9068 5198.

“Save regularly and borrow only what you need.”