Lucan News
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22ND. AUGUST 2016 TEL: 01 451 3822 / 01 451 9000 email: info@newsgroup.ie web: www.newsgroup.ie
60% OF PARENTS GET INTO DEBT FUNDING THIRD LEVEL EDUCATION
The Irish League of Credit Unions has launched the results of the 2016 Cost of Third Level Education Study which surveyed 1,000 Irish adults over the age of 18 with Marketing Research Company iReach. The research found that 60% of parents get into debt funding third level education; 73% of parents really struggle to cover the cost of their child’s third level education; and
62% of family budgets have been adversely affected by the third level registration fee.
“The survey reflects what we’ve been saying time and time again.” Annie Hoey, USI President, said. “Third level education is causing a huge financial strain on young people and families. Almost two third of family budgets have been adversely affected by the third level
registration fee – which, at €3,000, is the second highest in Europe. USI research conducted in June shows that 58% of students miss meals, 39% go hungry and 34% go without heat. The research released this morning from the Irish league of Credit Unions shows that families are also feeling the pinch. Publiclyfunded education benefits everyone, including families, not just those receiving
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the
education.”
According to the research, 87% of parents are supporting their children financially through college, contributing €447 per month per child to cover costs of college. Worryingly, 4% of parents say they will approach a moneylender to cover third level costs. USI said this reflects how desperate families are to send their children to third level education because they know it provides the key to a brighter future for them. Hoey
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