Educational Funding

by: Pauline Uchi, Licensed Financial Consultant

It is said that a good education is the best gift a parent can ever give to their children. It is a child’s passport to a brighter future! The start reality of life is that an individual’s working career is usually dictated by the level of education they have obtained. The higher the level of education the better the career opportunities that seem to avail themselves.

According to Statistics:

Tuition fees have increased at the rate of 10% per annum. Schools and Colleges have the freedom to increase their rates without government intervention.

Only 1 out of 10 Filipino children finish college

Transport, food and other miscellaneous costs have increased at an average of 6% annually. These constitute at least 50% of college expenses.

A solid college education is the building block to an individual’s financial stability. College education is the minimum requirement for gainful employment in the Philippines.

To gain a premier degree in 2020 will cost 2,700,000.

How much do you currently allocate and put aside for future educational expenses?

How prepared are you today?