A child education plan offers comprehensive benefits of life cover along with maturity benefit. One should choose a child education plan which offers enough returns to cover the educational expenses of a child.

1. Child Education Plan
Your Goal, Their Future!!

2. The Reason we are here.
 To bring the awareness amongst parents and teachers about the
importance of planning for their child’s future well in advance
 To discuss one of the tools that help parents secure the financial future
of their kids.
 To share the right ways of creating education fund with Parents,
teachers and school administrators who holds the key to success of
the children
 To explain how saving early in the education plan will lead to enjoy the
profit of compound interest.

3. Did you ever wonder?
 How much will your children education cost?
 If you can afford to send your children to the best college?
 What would happen to your child’s higher education if accidents
happen?
 If you will have enough left for your retirement after paying your
child’s education?

4. Can you afford these colleges?

5. $42,225
$43,683
$44,757
$46,320
$47,940
$0
$10,000
$20,000
$30,000
$40,000
$50,000
$60,000
2012-2013 2013-2014 2014-2015 2015-2016 2016-2017
Tuition Fees
*** Information from Stanford University
Tuition & fees changes in last 5 years.

6. 2004
$29,541
2014
$45,738
2024
$69,948
$0
$10,000
$20,000
$30,000
$40,000
$50,000
$60,000
$70,000
$80,000
Average Annual Cost
Source: The College Board's Trends In College Pricing Report
Average Annual Cost of Education Over Time

7. Define your financial goals for your child
 You need to be clear about which stage you are planning for
 For Example :
Child’s Graduation - 18 years
Child’s Post Graduation – 21/22 years
Child’s Marriage – 25 years
***Generally parents require fund for child’s Graduation course

8. Time Horizon
Number of years left for your child to start college = Child’s Age at the time of college – Child’s Current Age
Example:
Child’s Current age : 5 years
Child’s Graduation Age : 18 years
Number of years left for child to start college: 18-5 = 13 years
*** it will help you determine whether you are going to invest for short term, medium term or long term

9. Why Save for Your Child's Future?
 If you're like most parents, you want your
child to go to college. At the same time,
paying for college is probably one of
your biggest financial concerns.
 By starting a savings plan early, even
before your child begins elementary
school, you can reduce the burden of
taking on high debt to pay for his or her
higher education.

10. Common reasons parents don't save for
college

11. I don’t have any money to save.
 Too often this is true. If you live paycheck to paycheck, you may not have any money to save
toward future college expenses.
 But take a closer look at your expenses. You may be able to "find" money to save just by adjusting
some priorities. For example:
 Put some extra money in your pocket by canceling subscriptions to magazines that you never get around
to reading.
 Brown-bag it instead of eating out for lunch a few days a week, and you can "find" an extra $50 each
month!
 Add it up, and all of a sudden you have the means to start a college fund. Sometimes you just need to
make savings a priority and come up with a plan.

12. Thank You.