Planning for the cost of a child's education, whether it is for school or higher education, continues to be an important feature for many families. This section looks to assist those who wish to invest money to meet future expenses related to a child's education.
Planning for education expenses is far more common than it used to be and has become a high priority for a number of families. In the past most children went to state schools and finished their education at school leaving age. Times have changed. Different educational practices have lead to a greater number of children continuing their education into their late teens or early twenties.
This has created new financial demands on families, many of whom need to plan for the financial commitment of a child's higher education. These new commitments relate not only to the fees but also involve meeting the young person's living expenses whilst at college or university. This has become particularly important since the changes to student grants.
Making long-term provision for a child's education is easily arranged. It could help you meet a heavy financial burden on your family. You should not ignore this important area of long term planning.
