Education Planning

Academic qualifications are seen as a foundation for a brighter and fulfilling future. It is no wonder that education tops the list of priorities for many parents. Funding your child's education requires careful planning as you will be funding at least 18 years of education, from nursery school to university.

As your child begins to walk by taking tiny steps, your child's path to a bright future lies in the small steps you take now to provide them with the best education.

As tuition fees rise at about 3% above the current inflation rate of 2.7% as at 2006, imagine what the cost of studying at the University of Cambridge (based on the given example above) would be in ten years time. It could cost you more then BND590,000 to fund your child's education.

As indicated in this chart, if you were to invest BND 1000 every month in an education plan now, compared to investing 7 years later (started planning at age 3 vs at age 10), you would have gained BND117,820 more.

Hence the earlier you plan, the more time you allow your savings and investments to grow into a significant amount through the effects of compounding.

Start planning now for your child's future because a quality education will open the doors of opportunity for them later in life!