Parents saving more to meet cost of tuition fees

University tuition fee increases may be responsible for a slight boost in savings towards the end of last year. More cash is being set aside by parents who want to be able to pay for their children's education. Parents are saving more to finance their children's university degrees following the tuition fee hike, according to an ING Direct survey. The study found that a quarter of the 1,300 adults polled have either started a university fund or increased the amount of money they put away each month to meet the cost of further study. This has resulted in a 3.6% increase in the level of accessible savings over the last three months of 2010.