Financing your child’s university education

As easy as ABC


By Lorna Tan, Senior Correspondent, The Sunday Times, 12 June 2012

For most parents, the big-ticket spending item is usually their children’s education once the family’s housing needs have been taken care of.

This daunting expense, spread out over the school-going years, includes tuition classes and finally, the king hit: tertiary education.

The figure balloons if the child pursues his studies overseas, partly due to unsubsidised varsity tuition fees and higher living expenses.

OCBC Bank estimates the cost of a four-year, non-medical degree in a local university today for a Singaporean to be $105,800, including tuition and living expenses.

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