Education Planning

Education is an investment with valuable and long-term dividends. However, it is usually associated with costs that need to be taken into account for a long stretch of time. What also needs to be considered is that, over the years, these costs will continue to increase at a greater rate than inflation and will work out to be a significant figure. Ideally, this should be managed before your child starts university and dependence on student loans should be avoided as this only leads to your child being burdened with debt even before they embark on a career. Furthermore, expensive school fees can considerably diminish net disposable income. Advance planning provides you with financial freedom whilst providing an excellent start to your child’s future.

In order to provide your child with a world-class college education, saving for university should commence many years in advance. If a family begins saving US$80 a month when their child is born, by the time the child turns 18, the family can accrue over US$30,000 (approximate figure) in an account that earns 6% interest per year. Thus, a family can ensure that their children will have resources for their further education by planning for future education expenses in this manner.

At Pioneer Wealth, we can provide consultancy and assistance in order to help you realise your dreams of providing your children with the best education they deserve. Our professionally qualified advisors will offer you a personalised service in evaluating your needs, answering your concerns and helping you to decide the best solution from the wide array we offer.

In order to provide your child with a world-class college education, saving for university should commence many years in advance. If a family begins saving US$80 a month when their child is born, by the time the child turns 18, the family can accrue over US$30,000 (approximate figure) in an account that earns 6% interest per year. Thus, a family can ensure that their children will have resources for their further education by planning for future education expenses in this manner.

At Pioneer Wealth, we can provide consultancy and assistance in order to help you realise your dreams of providing your children with the best education they deserve. Our professionally qualified advisors will offer you a personalised service in evaluating your needs, answering your concerns and helping you to decide the best solution from the wide array we offer.