Tertiary Education Planning
Education after high school can be expensive thus it is necessary to plan ahead if you intend to help your children and dependents to pay for their education expenses. By planning ahead, you save yourself the stress of having to rely on loans to cater for you or your children’s education.
Determine your educational needs
Define your educational needs and preferences to identify suitable institutions.
You can answer these questions to begin with
- Which type of school would you prefer (public or private)?
- How much it will cost and taking into account inflation rate?
How long you need to invest to reach your goal?
Understand the cost of tuition
You should understand the total cost that goes into your tuition. You may also have to pay for additional educational material, living expenses including accommodation and fees will be increasing by the years.
Assess educational investment options
Seek the assistance of a financial advisor and make use of their expertise to determine investments that best suit your objective.
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