Parents in debt to fund college costs

More than half of parents are going into debt to the tune of €5,000 to fund their children’s third-level education.

A total of 54% of parents in Ireland will take on debt of approximately €4,300 to help their children attend college and university.

While not all parents borrow money, with some relying on savings and grants, a total of 87% of parents support their children financially through college.