We have all been quite simply horrified by the way in which former governments have insisted on raising the fees for university students. Also, far more universities than were originally thought have elected to charge the maximum rate of £9,000 per year - clearly indicating that such institutions are not really on the side of making tertiary education affordable to their students.
It really is a matter of coughing-up the readies, where university education of the future is concerned. If you cannot afford it - you will usually have to forget all about a degree and concentrate on what you can do with the A levels you had gained from secondary school.
This is where more and more grandparents are now getting involved. When they realise that the parents simply do not have the funds to help with the education of their children, they may well turn to their own savings and equity release schemes to help to take the pressure off quite considerably.
If you are seriously considering taking out such a policy, it is of vital importance that you shop around for the very best deal. Equity release plans really do vary quite considerably and it may also be a very good idea for you to take the contractual terms and conditions of said policy along to your family solicitor - just to give it a quick once over and make sure everything is above board.
Many senior citizens feel that it is all very well leaving a huge inheritance to their loved ones, when they are gone, but actually it is often so much better to realise that your money is being put to good use beforehand. What better way of ensuring this than the future education of the grand kids?
