Education costs. Savings matter. Save smarter.
Just under half of parents (49%) say they have made no financial preparations to meet the cost of putting their children through third level education.According to Aviva’s Cost of Education research:
- On average, parents expect to pay out €5,122 a year to send a child to a third level college or university. If the student has to move away from home to go to college, the expected cost is almost double, at €10,125 (that’s over €40,000 for a four year degree per child!).
- Over a third of families intending to put children through third level education have savings earmarked for this purpose.
The good news is that saving regularly for your child’s education can reduce the financial burden significantly and seeking the proper advice can allow you to start saving for your child’s 3rd level education whilst seeking the potential of higher, inflation-beating returns.
Contact Ken for further details.