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CTFs to help with university debts

11 August 2005
Child trust funds (CTFs) could offer students of the future a chance to avoid massive debts.

The cost of a university education is going up all the time making it increasingly important for young people and their parents to prepare financially.

The government's child trust fund scheme is intended to extend saving to all levels of society, providing a nest egg for the future that could help mitigate heavy graduate debt levels.

Analyst Jason Hollands, head of communications at F&C, commented: "Students are leaving university with increasing levels of debt, and need all the help they can get to fund their education.

"The decisions that parents make now about how to invest their child's CTF voucher will have a significant impact in years to come."

F&C recommends that parents look carefully at where to invest their CTF vouchers, noting that the stock market has consistently outperformed cash investments over the long-term.

To read more about investment, click here.

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