We all want the best for our children. This includes a quality education at a reputable university.
Being expats living abroad, or as some like to be called ‘global citizens’, the world is your oyster, and your children will more than likely attend a university abroad. This will of course lead to you paying international tuition fees for their studies. Because you live abroad, you might no longer be eligible for cheaper education back in your home country.
This quality education does come at a premium though. Can you afford to send your children to the best schools?
Fees could end up in the hundreds of thousands. Remember to include admin fees, tuition fees, textbook fees, accommodation and transport fees, membership fees and general living expenses.
Below are the 2022 average tuition fees for a year of undergraduate studies at the top universities in Asia/Oceania compared to the rest of the world. *
International student fees
|
University |
Global ranking |
Tuition costs per annum for a business degree |
|
Massachusetts Institute of Technology (MIT) - USA |
1 |
$53 000 |
|
Oxford university - UK |
2 |
$38 000 |
|
National University of Singapore (English) |
11 |
$20 550 |
|
Peking University – Beijing (English courses for international students) |
18 |
$4 659 |
|
22 |
$21 940 |
|
|
University of Tokyo (some international programmes taught in English) |
23 |
$7 210 |
|
The Australian National university - Canberra |
27 |
$15 300 |
|
Fudan university Shanghai (some degrees in English) |
31 |
$3 348 |
|
Seoul National university – S Korea (English) |
36 |
$6 775 |
|
The University of Sydney |
38 |
$33 000 |
|
Universiti Malaya – Kuala Lumpur (English) |
65 |
$10 582 |
|
University of Auckland |
85 |
$27 500 |
|
Indian Institute of Technology Bombay (English) |
177 |
$4 056 |
|
Chulalongkorn University Bangkok (English) |
215 |
$4 000 |
|
University of Philippines (English) |
399 |
$1 000 |
|
Viet Nam National university of Ho Chi Min City |
801+ |
$2 318 |
If these costs are daunting or you don’t want to eat into your disposable income, you might need to invest in an education savings plan if your children are still small so you can ensure they can attend any school or university they so desire. Chat to your financial adviser about starting an education plan to ensure your children’s future education. [email protected]
*topuniversities.com
Please note, the above is for education purposes only and does not constitute advice. You should always contact your deVere adviser for a personal consultation.
* No liability can be accepted for any actions taken or refrained from being taken, as a result of reading the above.