How old are your children today? Are they still in their primary education? About to enter university? Have you given a thought of how much education prices are today? Have you been struggling to cope with the education annual price hike? Regardless of cost, we all want our children to receive quality education to pave way for their brighter future. But education today is not cheap. Take a look at some brief projections of education prices today, and how much receiving quality education would cost you in the future.
How much would a formal college education cost in 10, 15, 20 years?
Education today is not cheap. With college tuition fees rising by an average of 12% annually, take a look at how much sending your future kids would cost you after 10, 15 or 20 years.
Challenges in coping up with rise of education prices
Not everyone can afford quality education because it gets more and more expensive every year. If you are currently struggling to cope up with tuition fees, take a look at these facts: Bank savings generate less than 1% interest annually. Time Deposit generates around 2-3%. Given the fact that your money earns so little interest, how would you be able to cope with tuition fees rising by 12% every year?
Want to plan ahead for your child’s education?
Don’t get left behind! A lot of Filipinos have started to see the value of Financial and Education Planning. Preparing for your child’s future is not hard once you get into the habit. You just need a financial plan to direct your child to a brighter future. Do you want to plan ahead for your child’s education and future needs? CONTACT US HERE
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