Do u have enough savings to sent ur child to University
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Which University?
For four years now, students have been able to apply to all three local universities, and choose where to go once acceptances come in. So the universities strive to be different - in their programmes, admission criteria and fees. The Straits Times Education Correspondent Sandra Davie takes a look at the choices offered by the universities
Degrees
THERE are the local single degrees, of course. A few years ago, double degrees were all the rage. Now it is the global degree route. These are proving popular as more companies look out for employees with a global outlook.
NUS: It offers the widest range of degrees among the three universities. Its exclusive courses are medicine, architecture, dentistry, music, pharmacy, nursing, and project and facilities management.
Global degrees:
Bachelor of Arts (Honours) with the University of North Carolina at Chapel Hill.
Bachelor of Computing (Communications & Media) and Master in Entertainment Technology with Carnegie Mellon University.
Bachelor of Engineering (Civil Engineering) with the University of Melbourne.
NTU: It has expanded its range of courses in recent years to include social sciences and fine arts. Its exclusive offerings include art, design and media, aerospace engineering, communication studies, maritime studies and education (conducted by the National Institute of Education).
Global degrees:
Double degree in Biomedical Sciences and Medicine (Traditional Chinese Medicine) with Beijing University of Chinese Medicine.
Double MBA degree programme in Management of Technology with Japan’s Waseda University.
Bachelor of Engineering (Computer Science) from NTU and Master of Science (Computer Science) from Georgia Institute of Technology
SMU: Positioning itself as a boutique business university, it offers four-year, full-time programmes in accountancy, business, economics, information systems management and social science. It has introduced a new one, law, which will take in 90 students in its pioneer batch.
Global degrees:
Bachelor of Science (Information Systems Management) degree from SMU and master’s degree from Carnegie Mellon University.
Fees
THE three universities announced in January that they will not raise tuition fees this year in view of the upcoming increase in goods and services tax (GST).
SMU, anyway, has a lock-in system for its fees, which will not be raised over the duration of one’s course even if fees are increased for later intakes.
Some parents and students prefer this lock-in scheme, because it allows them to plan ahead and set aside a specific amount of money.
Both NUS and NTU have said they are considering a similar scheme.
NUS ANNUAL FEES
Dentistry and medicine: $17,520
Music: $7,570
Nursing: $7,000
All other courses: $6,110
NTU ANNUAL FEES $6,110
SMU ANNUAL FEES $7,500 (except law which is $9,000).
Example
If you are planning to send your child to University.
Gender: Female Age: 4 next birthday
For Singapore, using SMU annual fees of, $ 7,500.00
Age of entry to university 18 (Females)
This amount is needed for Years 4
Total amount needed for Local Course fees $ 30,000.00
Shortfall will be needed in Years 15
Education cost, I feel will increase annually by about 6%
Education Costs 15 years later $ 71,896.75 (after inflation)
SHORTFALL to Fund Education
Lump Sum in today dollars needed to meet the shortfall $ 53,420.34
OR Monthly savings per month for 15 years $ 342.26
Have you done your children’s education planning?
Will you have enough savings when the times comes for your children’s education?
Give your children a head start with an education policy!
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u must oso make sure your children make the cut for local varsities...
if not, go overseas liao... overseas... got money... C grades even can get in...
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you're selling something ...
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Originally posted by Fatum:
you're selling something ...
insurance, perhaps?
endowment fund, maybe?
investment-link products? -
i smell insurance agent
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Take study loan lah...Almost everyone taking that, not consider those are loaded enough to pay by cash one.
By the way, I know that most singaporean in local Uni take study loan (approx more than 70%). Not including those oversea scholar are paid by Singapore government and with monthly allowances.
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No, I guess its up to my kid then.
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Originally posted by ditzy:
No, I guess its up to my kid then.
take up scholarship
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If my children don't get scholarships in the future, they don't deserve a tertiary education.
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Originally posted by RETARDED_MORON:
If my children don't get scholarships in the future, they don't deserve a tertiary education.
Do I care?
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Originally posted by RETARDED_MORON:
If my children don't get scholarships in the future, they don't deserve a tertiary education.
- double post - -
u can educated...
but u might still be stupid...
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Originally posted by GHoST_18:
u can educated...
but u might still be stupid...
Yah.......I mean....You can educated....
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no need high educated. but how to be engineer when you do not even have an ITC or NITEC? Diploma? yes but recognised or not? cannot use diploma in accounting finance to apply for a post in engineering rite?
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u dun wollie.
i can kip gng uni until i die.
and my papa will still hv many many $$$ left.