Investing in your children is one of the most rewarding investments you will make. It’s one thing providing for them while they live at home, but it’s quite another level of commitment when they move away, perhaps to college.
If this is one of your personal goals, it needs plenty of advanced planning. Education at a UK or US university is likely to set you back up to a conservative £9,000 a year in tuition fees for at least three years. You’ll also need to pay for housing, living costs, and travel that could easily take the annual total to £25,000.