Start education fee planning before it’s too late
Reduces Financial Burden
Starting to save early for your child’s education can help reduce the financial burden that comes with paying for college or university. By setting aside money over a longer period of time, you may be able to avoid taking out large student loans or using other high-interest financing options.
Provides More Options
Having a college fund can provide more options for your child’s education. It can allow them to consider a wider range of colleges and universities and choose the one that is the best fit for them, rather than being limited by financial constraints.
Increases Chances Of Graduation
Studies have shown that students who have college funds are more likely to graduate from college. This is because they are able to focus on their studies without the financial burden of paying for college weighing on them.
Provides Long-term Benefits
Investing in your child’s education can provide long-term benefits. College graduates typically earn more over their lifetimes than those without a degree, and they may have access to better job opportunities and benefits. This can lead to greater financial stability and security for your child later in life.
Invest in the best education for your children today
All parents want to give their children the best possible start in life, and will go to great lengths to make this a reality. Of all the benefits one can provide, there’s nothing that beats a good education that gives lasting value.
In a world of intense competition surrounding every prospective industry, securing a well-paid, future-proof career may have never been a more challenging yet essential endeavour. By providing your child with the best possible education from an early start, the likelihood of their success in pursuing their eventual life goals increases by orders of magnitude.
Education fees around the world have risen steadily over the years, with good education increasingly becoming a major financial drain – similar to buying a house or moving abroad. This makes well-informed planning vital for your child’s future. Consequently, contacting W1 Investment Group’s professionals to intelligently allocate and manage funds to meet these rising costs – especially if you have more than one child – is something well worth thinking about.
The soaring costs of education
UAE
According to a study released by HSBC in 2021, sending a child to school in the UAE, from primary to university, will cost about $99,378 (Dh365,025), the second highest in the world.
Australia
The average tuition fee for “international” undergraduate students was AU$30,840 (~US$22,170) per year in 2020, and AU$31,596 (~US$22,700) for international postgraduates.
UK
Parents of “international” students can expect to pay a premium on university fees. In 2021, the University of Edinburgh charged between £17,650 and £24,200 per annum undergraduate international students.
