5. A calm and creative approach demonstrates how to solve problems
Try not to let emotions disrupt a good financial discussion (‘I knew this would happen!’). An open, honest approach with straightforward questions is the best way to come up with a solution. Be ready for surprises – 25% of parents believe their child doesn’t use an overdraft, but 98% of students do. If all seems lost, perhaps university isn’t the answer. Alternatives include apprenticeships, which combine education with earning. As many as a third of graduates regret going to university because of the burden of debt, while an apprentice can earn up to 270% more than a graduate over their career if they go into in the arts, media and publishing.