University debt headache for parents

More than half of parents tend to underestimate how much debt their child could leave university with - despite the massive increase in tuition fees.

When asked to take into account the increase in fees to up to £9,000 a year from 2012, and any other debts accumulated from living expenses, student loans, bank loans etc, 58% of parents think the maximum debt their children could leave with is £40,000 or under. Many think this would be a lot less.