The Children's Mutual: Teenagers are saving to fund education

It seems younger students are thinking ahead about their futures, according to a new figures from The Children's Mutual.

The trust fund provider conducted a poll and found that almost one-third of respondents aged 11 to 18 said they were saving money to foot the bills of higher education.

Contrary to this thriftiness, one-third of parents polled said they did not think they had saved enough money to contribute towards the futures of their children.

Chief executive of The Children's Mutual, David White, said: "It is great to see that today's teenagers are aware of the costs involved with going to university and are taking steps independently to try and avoid high levels of debt."

When asked their opinions on student debt, many respondents over 18 years of age said that they thought debt was the norm for graduates.

Meanwhile, research from Birmingham Midshires found that UK parents are drastically underestimating the costs of sending their children to university, easier.com reported.