Jman888 Moderator September 10, 2014 Share September 10, 2014 (edited) 4 in 5 parents would consider sending children to university overseas AsiaOne Wednesday, Sep 10, 2014 About four in five parents will consider sending their children abroad for university education. According to HSBC's survey The Value of Education: Springboard for success, Singaporean parents viewed independence, international work experience and confidence as the key benefits of studying abroad. Over 4,500 parents were surveyed across 15 countries worldwide. Over half of Singaporean parents (51 per cent) felt that the US offered the highest quality of education. This was followed by the UK (38 per cent), Germany (27 per cent), Australia (25 per cent) and Japan (25 per cent). However, the results also revealed confidence in local education options, with three quarters of Singaporean parents agreeing that the quality of education here is better than other countries. Mr Matthew Colebrook, Head of Retail Banking and Wealth Management at HSBC Singapore, said: "Our survey shows that parents know the value of a good education and they tend to take full responsibility for funding it." The survey showed that Singapore, with average annual costs of US$39,000 (S$49,200), was the second most expensive option for international students pursuing tertiary education. Australia was the most expensive at US$42,000. The annual total cost is the sum of the average annual university fee and the average annual cost of living for an international undergraduate student. "The reality is that education costs are high, no matter in Singapore or overseas," says Colebrook, "but with proper planning and an astute investment plan, most of the financial uncertainties can be eliminated." According to the survey, more than half (53 per cent) of Singapore parents believe that paying for a child's education is the best investment, and would allocate an average of 53 per cent of their future child financial support funds to it. Most assume that funding will come from savings (71 per cent) or their current income (55 per cent). Singaporean parents are also more open to funding education at a later stage, with just 23 per cent that would consider paying for their child's primary education, 36 per cent for secondary education and 70 per cent for university. According to Colebrook, relying too heavily on current income and savings to fund university education could be risky, and that a financial advisor could help parents discuss goals, project total amounts required and map our the most suitable financial solutions. "Parents should also ensure protection to continue funding school fees should something unexpected happen to them." he added. [email protected] 4 out of 5?? i think base on the selected group in the survey, they shouldn't conclude such as misleading information. Nevertheless, would you consider sending your kids overseas if you have the mean? Edited September 10, 2014 by Jman888 ↡ Advertisement 1 Link to post Share on other sites More sharing options...
Soya Supersonic September 10, 2014 Share September 10, 2014 Halo....survey presumably conducted by HSBC Wealth Management on their clientele. I'm surprised the answer was onli 4 out of 5. Thot all can afford to buy a place donate to the skool..... 2 Link to post Share on other sites More sharing options...
Mockngbrd Supersonic September 10, 2014 Share September 10, 2014 at first i thought i saw "selling" to university Link to post Share on other sites More sharing options...
Soya Supersonic September 10, 2014 Share September 10, 2014 Total cost is US$40,000 yr for Sgp? Sure boh? Thot NUS fee onli S$9k thereabouts? Link to post Share on other sites More sharing options...
Jman888 Moderator September 10, 2014 Author Share September 10, 2014 Total cost is US$40,000 yr for Sgp? Sure boh? Thot NUS fee onli S$9k thereabouts? maybe include lodging and other expenses. Link to post Share on other sites More sharing options...
Joseph22 Turbocharged September 10, 2014 Share September 10, 2014 Total cost is US$40,000 yr for Sgp? Sure boh? Thot NUS fee onli S$9k thereabouts? I think its without subsidiary rate. 9K is after subsidiary?? Link to post Share on other sites More sharing options...
Ahseng 5th Gear September 10, 2014 Share September 10, 2014 im part of the minority 1/5 too damn gao lad already. Maybe if one child can la, scrimp and save. if 2 and above, send abroad for uni, plus cost of living there, knn outflow and outflow, buay tahan one. if really lee hai get a scholarship study overseas, else just be like most other ppl nus, ntu, smu, unisim lor, also can survive la. Link to post Share on other sites More sharing options...
Jman888 Moderator September 10, 2014 Author Share September 10, 2014 (edited) I think its without subsidiary rate. 9K is after subsidiary?? oh yahor, singporean study in australia have to pay full fee, hence the non subsidised rate for Singapore uni. Edited September 10, 2014 by Jman888 Link to post Share on other sites More sharing options...
Joseph22 Turbocharged September 10, 2014 Share September 10, 2014 oh yahor, singporean study in australia have to pay full fee, hence the non subsidised rate for Singapore uni. yeah. I think the table is a apple to apple comparison without factoring in subsidiary. Link to post Share on other sites More sharing options...
Soya Supersonic September 10, 2014 Share September 10, 2014 maybe include lodging and other expenses. since they are probably kids of hsbc wealth management clients, maybe include the following per year: i) uni fees $9000 ii) starbucks + lunch at sentosa club everyday $10,000 iii) branded apparel $12,000 iv) 325i coupe $20,000 yep, works out to USD $40,000 per year. Link to post Share on other sites More sharing options...
Myxilplix Turbocharged September 10, 2014 Share September 10, 2014 In other news, 1 in 2 Singaporean teenagers has been exposed to pornography. Link to post Share on other sites More sharing options...
Joseph22 Turbocharged September 10, 2014 Share September 10, 2014 since they are probably kids of hsbc wealth management clients, maybe include the following per year: i) uni fees $9000 ii) starbucks + lunch at sentosa club everyday $10,000 iii) branded apparel $12,000 iv) 325i coupe $20,000 yep, works out to USD $40,000 per year. enough meh?? Link to post Share on other sites More sharing options...
Jman888 Moderator September 10, 2014 Author Share September 10, 2014 since they are probably kids of hsbc wealth management clients, maybe include the following per year: i) uni fees $9000 ii) starbucks + lunch at sentosa club everyday $10,000 iii) branded apparel $12,000 iv) 325i coupe $20,000 yep, works out to USD $40,000 per year. you sure the coupe only cost $20k a year? can settle for a normal 325 sedan? Link to post Share on other sites More sharing options...
Chucky2007 Turbocharged September 10, 2014 Share September 10, 2014 Even without the means to send my kids overseas now.. I'm saving to do so in future.. I take it as hard savings and if they choose to study locally.. Then good I have more funds for retirement. Link to post Share on other sites More sharing options...
Ronleo 6th Gear September 10, 2014 Share September 10, 2014 im part of the minority 1/5 too damn gao lad already. Maybe if one child can la, scrimp and save. if 2 and above, send abroad for uni, plus cost of living there, knn outflow and outflow, buay tahan one. if really lee hai get a scholarship study overseas, else just be like most other ppl nus, ntu, smu, unisim lor, also can survive la. If send kids to India study uni, no need to scrimp n save liao... Less than $6k per year... After tat, can come back singapore join IT industry as FT and get HUGH paycheck! 3 Link to post Share on other sites More sharing options...
Aaronlkl Supersonic September 10, 2014 Share September 10, 2014 (edited) The chart shows Singapore, the highest cost of living among all countries! Really lives up to its name, The most expensive city to live in the world! Edited September 10, 2014 by Aaronlkl 2 Link to post Share on other sites More sharing options...
RH1667 Hypersonic September 10, 2014 Share September 10, 2014 Surprise to see that Australia is more expensive ( overall ) than US and UK. Also, cost of living is less then US$1k per year in US??? Got so cheap? 1 Link to post Share on other sites More sharing options...
Ahseng 5th Gear September 10, 2014 Share September 10, 2014 If send kids to India study uni, no need to scrimp n save liao... Less than $6k per year... After tat, can come back singapore join IT industry as FT and get HUGH paycheck! Err,...do you have kids? I have daughter and i wouldn't want her to be anywhere in india. INDIA ley bro... ↡ Advertisement Link to post Share on other sites More sharing options...
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