Funding a great education can be one of the most important (and potentially expensive) gifts you will ever give your children. More often than not, these savings are designed to provide your family with more options, protect against future price increases and reduce the risk that cost will drive their decisions when it comes to their education.
As government deficits continue to grow, there is increasing pressure to pass on the entire cost of university education to the student (or their parents). In some countries, this has been happening for many years, whilst in others this is a relatively new practice. For the parent, it means that the task of planning towards funding education is now a critical one.
At Forth Capital, we have found that the costs of funding education are increasing at a rate faster than inflation. Consequently, it is extremely important to have a plan in place to meet these costs. For example, the average cost of university education in the United States is USD 200,000. The annual inflation rate in the United States is running at over 7 per cent.
At Forth Capital, the majority of our personnel are in the same position as you; many of our team have children of their own and want the best education possible for them while living abroad.
Your Forth Capital financial adviser will conduct a detailed review of your existing provisions and analyse your entire financial planning situation. The review will include a full and thorough understanding of your needs and objectives. The culmination of this process will be to work with you on establishing the best possible plan to fund your children’s education without jeopardizing your other financial planning objectives.
You are guaranteed to receive advice from Forth Capital, with no obligation on your part. Our highly experienced advisers will ensure that you have enough provision in place to pay for the education you want for your children with the standard of education they deserve, wherever they choose to study. To begin your planning today, contact us to discuss your education funding requirements.