Calculate your child’s university fund

Children with hopes of academic success may need significant help from parents

Parents expecting student loans to fully fund their children’s university education could face an unexpected financial sting.

Headlines around the cost of education tend to focus on debts faced by the students themselves. But with the amount of maintenance loan available to students determined by their household income, many middle income parents will find they have a significant shortfall to make up.

For example, a UK family with an annual income of £50,000 (and with a child starting secondary school this year) would need to find an extra £10,971 to cover that child’s living expenses at university. This amount is the shortfall between the maintenance loan available and average living costs of three years at university.

NFU Mutual Chartered Financial Planner Sean McCann assesses the options available to help parents overcome a university funding shortfall.

You can find out what you will need to save or invest to meet the shortfall by the September of your child's third and final year with our university fund calculator.

This calculator is intended for parents living in England. If you’re from another part of the United Kingdom, please visit for more information.