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Tag Archives: Kevin Donoghue

94% of parents support children in college

THE Union of Students in Ireland has noted with concern the findings of the Irish League of Credit Unions ‘Cost of Third Level Education’ study, which finds that 94% of Irish parents financially support their children through college, leaving 72% of parents struggling. The study has confirmed that one in 10 of those surveyed would even consider turning to a money lender to meet their needs. The credit union figures indicate a 15% increase on the previous year of parents supporting their children and an 8% increase in those struggling to do so. The study, which builds on trends uncovered for the last number of years, finds 40% of parents reaching into their savings to help fund college costs. USI President, Kevin Donoghue said that that this report reaffirms what the organisation has known for the last number of years. “Despite that fact that there has been no change in the rate or threshold of the maintenance grant over the …

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