Gap year work experience 'useful for saving for university'

Students awaiting their A-level results could take a paid gap year in order to raise funds for university.

According to a report by the Association of Investment Companies (AIC), a quarter of parents believe that students will owe no more than £10,000 on graduating.

However, the Guardian reported that research by Push.co.uk found that this is more likely to be more than £20,000 by 2011.

"It is worrying that so many students and their parents are still underestimating the true cost of going to university. Many young people go to university to enjoy some of the best years of their life," said Annabel Brodie-Smith, communications manager at AIC.

Furthermore, the AIC also showed that 41 per cent of those opting to take a gap year are doing so for paid work experience which will hope students cope with the financial demands at university.

Despite the recession, gap years are still proving popular, with many opting for volunteer placements or paid work experience.

Click here for more gap year information.

( Last Updated: 2010-07-16 09:38:35)