Popular Reads

Know your child’s education milestones

Because her success will mean more to you than your own.

plan for your child’s education milestones

Preschool (0-6 years old)

Goal: Build a strong foundation
What you can do: Provide a stimulating environment for your child

BasicSupplement
Infant CarePlaygroup
Child Care/PreschoolChildren’s Gym
KindergartenEnrichment Classes: Right-brain training/music/art/phonics/ballet (5 years onwards)/abacus (4 years onwards)

Primary School (7-12 years old)

Goal: Nurture potential
What you can do: Help your child develop in 6 key areas
- Intellect, Physical, Emotional, Moral, Spiritual, Social

ENRICHMENT CLASSESPHYSICAL ACTIVITIES
LanguagesSwimming
ScienceTaekwondo
MathsBall games like soccer, basketball, netball
Speech & DramaSailing
TuitionDance

Secondary School – Junior College/Polytechnic (13-19 years old)

Goal: Forge a future
What you can do: Challenge your child, cultivate your child’s interest, impart discipline and responsibility.

secondary education fund


UNIVERSITY (19-24 YEARS OLD)

Goal: Turn dreams into reality
What you can do: Help your child plan his university education

university study loan
  1. Time horizon
  2. Choice of university
  1. Choice of faculty
  2. Foreign currency
  3. Alternative funding (e.g. Scholarships/study grants/study loan/computer loan/CPF Education Scheme)

Here’s an estimated projection.
Based on the cost of a university education in 2015 vs. 2030 (15 years later)

 Avg Uni Expenses**Avg Living ExpensesEstimated Total 
SingaporeS$32,000-S$32,000
AustraliaS$189,000S$96,000S$285,000
UKS$79,000S$80,000S$159,000
USAS$156,000S$75,000S$231,000

15 years later...Avg Tuition Fee#Avg Living Expenses#Estimated Total
SingaporeS$49,000-S$49,000
AustraliaS$405,000S$145,000S$550,000
UKS$338,332S$118,000S$456,332
USAS$266,000S$107,000S$373,000

For more information, visit your DBS Treasures Private Client centre or

Contact me

** Source: SPH – The Sunday Times, 19 May 2013
# Education inflation (p.a.)
Singapore - 2.9% (Department of Statistics of Singapore, Year 2014)
Australia - 5.2% (Australia Bureau of Statistics, December Quarter 2013 to December Quarter 2014)
US - 3.6% (Bureau of Labour Statistics , unadjusted percentage change January 2015)
UK - 10.2% (Office of National Statistics (ONS) , year 2014)
Living inflation (p.a.)
Singapore - 2.5% (Monetary Authority of Singapore, Inflation Calculator, Year 2008 to Year 2013)
Australia - 2.8% (Reserve Bank of Australia , Year 2004 to year 2014)
US - 2.4% (US Inflation Calculator , Year 2004 to Year 2014)
Uk - 2.6% (Office for National Statistics, Year 2004 to Year 2014)
The projected figures are based on the following assumptions: 1. Living inflation rate and education inflation rate is constant, at the current level, throughout the projection period. 2. Exchange rate between countries (i.e. USD, GBP, AUD) remains at current level throughout the projection period.

How would you rate this page?

Thank you! We appreciate your feedback.

Any further suggestions?

500

What issues did you face today?

Any further suggestions?

500
I agree to Terms & Conditions