Tertiary Fees

There’s a recent news update that our Tertiary Education in Singapore is going to cost more. And the fee hike is applicable to this year’s cohort. Ouch!

So for those parents who are working hard to send their little ones in 10, 15 and 20 years time, what’s the financial impact should the fees of Tertiary Education to increase on an annual basis?

*source: todayonline.com

*For illustration purpose, I will be using the increment as 4% on the current annual fee of $7,170. Also assuming that the duration to get a degree is 3 years. Therefore, the total fee that we are looking at is $21,510. This amount is not inclusive of living expenses.

So, the new fee will be:

– $31,840 (an increment of $10,330 ) in 10 years time

– $38,738 (an increment of $17,228 ) in 15 years time

– $47,131 (an increment of $25,621 ) in 20 years time

And if you are concerned in planning for your little ones, here are a few common alternatives that you may consider in helping you to do so. There are also a few considerations that you may wish to take note.

1. Getting A Scholarship

Read More »How To Plan Against The Impact Of A Costly Tertiary Education