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Secured loans
could well provide parents with a way to get their children prepared for university, following comments made by Confused.com.

The price comparison site has advised mums and dads to make sure their academically-inclined youngsters take out an insurance policy to protect their belongings.

"Many insurers specialise in insurance for students, which includes cover for those living in halls of residence. This means that, although students are living with a lot of other people, they are still covered for all of their belongings, the company explains.

In addition, it suggests parents take car insurance into consideration and also think about switching their child's energy provider when they move into student accommodation to ensure they get the best deal possible.

Secured loans could provide parents with a way to fund their child's academic endeavours - as well as any other extracurricular expenses - by giving them a competitive rate due to the fact that their property will be used as surety.