KIDS035 Affording a higher education (466 words)

Planning for tertiary education doesn’t have to mean taking on significant debt or putting financial pressure on the family. This article explores government support, budgeting strategies and ways parents can start saving early to help make further education more affordable.

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According to the government’s Study Assist website, a three-year commerce or law degree could be around $50,000 – and that’s just the start.

Many Australians believe they can’t afford a tertiary education, but the cost of university, TAFE or other higher education doesn’t have to be prohibitive.

While parents often help fund their child’s further education – sometimes even mortgaging the family home! – students seek part-time jobs, juggling work commitments with study.