With third level education costs continuing to spiral in Ireland, the financial pressure of putting a child through college continues to take its toll on household budgets. A national survey in 2017 found that eight in ten parents said they struggled to cover the costs of their child’s third level education. The study, commissioned by the Irish League of Credit Unions (ILCU) also found that one third of parents report money concerns to be their biggest third-level-related worry.
For students themselves, financial issues are also a huge concern. The same study found that six in ten reported money issues and debt to be their biggest concern while at college. Two thirds of students said financial worries were negatively impacting their overall college experience, while 66% said they were working through the college year to help make ends meet.