Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Lloyds Banking Group    LLOY   GB0008706128

LLOYDS BANKING GROUP (LLOY)
My previous session
Most popular
  Report  
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsTweets
OFFRE
The feature you requested does not exist. However, we suggest the following feature:

Lloyds Banking : Bank-Two thirds of parents expect to spend over GBP17,000 to support their future student through university

share with twitter share with LinkedIn share with facebook
share via e-mail
0
09/25/2018 | 03:13pm CEST

Parents who believe they will have to support their child through university, expect to spend over of GBP5,700 annually.

And two thirds will use this money support accommodation costs and items essential to study

Parents expecting to send their children to university believe it will cost them on average, GBP17,165 over the length of the average degree course1, the latest Lloyds Bank Spending Power Report has revealed.

Ten years ago, this would have been enough to cover the total cost of tuition fees at every university in the UK, with some change left to spare. Now, two thirds (66%) of parents who anticipate sending their child to university expect to support them financially while at university. On average, these parents think they will have to spend GBP5,721 annually on their student offspring, which is actually less than one year's tuition at many institutions today.

Just over one in ten (14%) parents are not anticipating helping their child financially while at university.

What parents are paying for

The amount is potentially as large as it is because parents feel they will have to support on all aspects of university life. Just under two thirds (65%) believe they will have to support with accommodation costs, and a similar number (64%) on items essential for study. Over half (58%) said they anticipate supporting tuition fees and even support their travel to and from their child's travel to and from their classes (52%). However, just under one in four (23%) are prepared to fork out for luxuries.

For parents earning over GBP35,000, just over one in four (26%) will be prepared to help with luxuries compared to just 17% of those earning under GBP35,000. For these lower earners, over two thirds (68%) would spend the extra money on items essential to their child's study.

Robin Bulloch, Lloyds Bank, said: 'The costs associated with going to university can mount up quickly, and often it's unexpected costs that rack up the bill making it essential to take some time to consider the many expenses that may arise and budget for how these will be afforded.

'Whilst it's great that some parents are able to support their children through this, students in the coming years should also look at the wide array of bursaries and grants on offer to help support their studies.'

Spending sentiment more broadly

Families more generally are reporting muted confidence in their own finances, preferring to squirrel money away rather than spend. Almost a quarter (23%) think they will have much more or somewhat money in six months' time, with 78% planning to save this extra income against 37% planning to spend.

The need for families to save the change could be a direct result of continually high living costs. An analysis of Lloyds bank own data has shown that year-on-year change in consumer essential spending rose 3.1% in August. Fuel spend rose sharply year-on-year by 10.4%, and Gas and Electricity spend rose by 6.3%.

(C) 2018 Electronic News Publishing, source ENP Newswire

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on LLOYDS BANKING GROUP
09/25LLOYDS BANKING : Bank-Two thirds of parents expect to spend over GBP17,000 to su..
AQ
09/24Chase to build on formidable Delaware presence
AQ
09/24LLOYDS BANKING : 4000 jobs cut by banking giant in just 18 months
AQ
09/24LLOYDS BANKING : Two thirds of parents expect to spend over £17,000 to support t..
PU
09/23LLOYDS BANKING : And Foreign Rival In Showdown Over Future Of Crabbie's
AQ
09/22LLOYDS BANKING : Shoosmiths Advises on LDC Exit of Bybox
AQ
09/22VOICE RECOGNITION : is it really as secure as it sounds?
AQ
09/21LLOYDS BANKING : Cocaine dealer caught in the act
AQ
09/21LLOYDS BANKING : Cops catch dealer on city estate
AQ
09/21LLOYDS BANKING : IN LUXEMBOURG Bank eyes subsidiary for life insurance customers
AQ
More news
News from SeekingAlpha
09/17LLOYDS BANKING GROUP AND BREXIT : Baby Out With The Bath Water 
09/07European financials slide amid slowing economy, money-laundering woes 
08/22Aviva On Track And Undervalued 
08/13Lloyd's Banking Group Is A Buy, But Proceed With Caution 
08/06U.K. Central Bank Rate Rise Means More Profits For U.K. Banks 
Financials (GBP)
Sales 2018 18 711 M
EBIT 2018 8 859 M
Net income 2018 4 122 M
Debt 2018 -
Yield 2018 5,43%
P/E ratio 2018 10,59
P/E ratio 2019 8,83
Capi. / Sales 2018 2,32x
Capi. / Sales 2019 2,31x
Capitalization 43 320 M
Chart LLOYDS BANKING GROUP
Duration : Period :
Lloyds Banking Group Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends LLOYDS BANKING GROUP
Short TermMid-TermLong Term
TrendsBullishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 23
Average target price 0,75  GBP
Spread / Average Target 23%
EPS Revisions
Managers
NameTitle
António Mota De Sousa Horta-Osório Group Chief Executive Officer & Executive Director
Norman Roy Blackwell Chairman
Juan Calafat Colombás Chief Operating Officer & Executive Director
Mark George Culmer Chief Financial Officer & Executive Director
Anita Margaret Frew Senior Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
LLOYDS BANKING GROUP-9.11%57 059
JP MORGAN CHASE & COMPANY10.20%391 173
BANK OF AMERICA3.90%306 340
INDUSTRIAL AND COMMERCIAL BANK OF CHINA-8.55%285 026
WELLS FARGO-10.57%261 179
CHINA CONSTRUCTION BANK CORPORATION-7.55%233 198