| |
|
Saving
for Children's Education
The cost of private education in the USA, UK and elsewhere
has been increasing by, on average, 10% per year since the mid 1980's.
The average cost of educating one student at Harvard during one school
year is $35,000.
Inflation can have an adverse effect on your spending power with escalating
college fees causing a major headache.
We can assist clients with putting in place a savings program that
takes into account increasing fees and allows parents to draw down
sufficient funds to pay for the school fees each year without causing
financial hardship.
In many instances effective school fees planning starts soon after
the children are born so that there is sufficient time for the investment
to grow to produce sufficient capital to address the need of paying
the fees as they arise. |
