More grandparents help fund students

Rising numbers of grandparents expect to have to pay out to help their grandchildren through university, according to a survey.

The poll claims that almost three per cent of grandparents have already helped to fund a degree, and this is set to rise to nearly 13 per cent in the next decade.

ILC-UK, which commissioned the survey with Partnership and Key Retirement Solutions, said its own analysis concluded that this means that one in eight grandparents – around 1.7 million over-55s – believe they will to have to help with tuition fees.