A leading child trust fund (CTF) provider has claimed that the scheme is helping to ease the debt burden on university graduates .
The Higher Education Funding Council for England recently revealed that the number of university students from low-income and disadvantaged families has risen in the last five years.
And David White, chief executive of the Children's Mutual, has partially attributed this trend to the success of the CTF initiative.
He said: "The CTF is playing an essential role in helping parents save for their children's futures and friends and families who save £24 per month, the average amount among our customers, could have a fund worth £9,750 when they reach age 18."
In January, the Children's Mutual claimed that CTFs have revolutionised long-term savings for children and has engaged the public with the importance of saving for their child's future.
CTFs help children from low-income families through university
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CTFs help children from low-income families through university
Tue, 02 Feb 2010
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