Killarney Credit Union

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064 KillarneyCU6631344

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Kenmare

064 KillarneyCU6631344

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Killarney Credit Union

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Cost of Third Level - 2016 results

IRISH LEAGUE OF CREDIT UNIONS LAUNCH RESULTS OF 2016 COST OF THIRD LEVEL EDUCATION STUDY

87% of parents (down from 94% in 2015) supporting their children financially through college, contributing €447 per month per child to cover costs of college

60% of parents will get into debt to fund third level education

Parents getting into debt to the tune of €4,300 in 2016 down from €4,670 in 2015

4% of parents say they will approach a moneylender to cover third level costs

Parents are saving for an average of 8 years for third level costs, saving on average €8,150

73% of parents really struggle to cover the cost of their child’s third level education

62% of family budgets have been adversely affected by the third level registration fee (marginal fall from 64% in 2015)

67% of students are extremely worried about finding suitable accommodation for the academic year

65% of students living at home compared to 62% in 2015, paying average of €376 on average in rent

Students living outside the home spending €1,048 euro per month, those living at home spending €530 per month

68% students work throughout the academic year to fund third level education, working on average 17 hours per week

Source: ILCU, 2016

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