The document discusses funding a child's education as an expatriate or international investor. It notes that education is one of the greatest investments you can make for your child. As an expatriate, offshore savings plans offer a flexible way to save for education costs. The document provides information on factors to consider like school quality and costs, and advises seeking financial advice to take advantage of tax and investment opportunities for education savings.
The document discusses strategies for saving for college, as college costs continue to rise significantly each year. It recommends starting a college savings fund as early as possible and saving a portion of projected costs, such as 50%, to use as a down payment with the rest covered through financial aid, loans, or other sources. The document reviews several tax-advantaged college savings options including 529 plans, Coverdell ESAs, U.S. savings bonds, and UTMA/UGMA accounts. While financial aid can help cover costs, the document notes that student loans typically make up the largest percentage of aid packages, so it is important to focus on savings to minimize reliance on loans.
This document discusses the rising costs of education and provides advice on planning for education expenses. It notes that university tuition fees have skyrocketed in the UK and costs are expected to continue increasing significantly in the future. Living expenses can also double the yearly cost of fees. The document recommends speaking to a financial advisor to develop an education savings plan and choose appropriate investment products, as delaying planning can dramatically impact the end savings amount. Acting now to understand expected costs and have clear savings goals is important to financially prepare for children's education.
1. The document outlines key financial considerations and milestones throughout different life stages, from one's 20s through retirement. It discusses saving for emergencies, paying off student loans, investing for retirement and children's education, marriage and home buying, insurance needs, and retirement planning including trusts and estate planning.
2. The benefits of starting to invest and save early are highlighted, as compound interest can significantly increase savings over time. Financial planning is important at each stage to prepare for expenses and protect one's family.
3. Retirement planning involves considering costs of assisted living, a second home, or traveling in retirement. Overall financial wellness requires ongoing management of savings, debt, insurance needs as one progresses through different
Money Management and Financial literacy for school students - Mumbai by Thoug...Vinay Gada
We make students learn about how to save and invest for future. We make students aware about money management and banking through our quick, easy and interactive course.
This DM package was developed by me from concept to full copy. It is designed to ease the fears of parents and students facing college tuition, and offering them the Goal Financial Solution.
Providing families with college planning solutionsJeffrey Borden
The document is an advertisement for the Heartland Institute of Financial Education (HIFE), which helps families plan for college costs. HIFE provides college planning services like career assessments, assistance with applications, financial aid guidance, and strategies to fund education. It works with students from freshman to senior year to successfully navigate the college process. HIFE coaches have over 20 years of experience and take a personalized approach to establishing an action plan for each student.
HIFE CPP Intro Small Trifold v3.01.16_HIFEHQ FinalJeri Wolf
The document is about the Heartland Institute of Financial Education (HIFE), a non-profit organization that helps families plan for college costs. HIFE offers a college planning program to assist students through the entire college process from preparation to admissions to financial aid. They provide certified consultants, career and college assessments, application assistance, and coaching to develop individualized plans. The goal is to help students obtain a college education without unnecessary financial burden.
College planning - Avoid Costly Mistakes Mushi Bhuiyan
The document provides information about planning for college costs and maximizing financial aid. It discusses starting a college fund early, understanding expected family contribution and financial need calculations, strategies for increasing eligibility for need-based aid like contributing to retirement funds, and tips for finding scholarships. The overall message is that families should start the college planning process early to help minimize out-of-pocket costs and graduate with less debt.
The document discusses strategies for saving for college, as college costs continue to rise significantly each year. It recommends starting a college savings fund as early as possible and saving a portion of projected costs, such as 50%, to use as a down payment with the rest covered through financial aid, loans, or other sources. The document reviews several tax-advantaged college savings options including 529 plans, Coverdell ESAs, U.S. savings bonds, and UTMA/UGMA accounts. While financial aid can help cover costs, the document notes that student loans typically make up the largest percentage of aid packages, so it is important to focus on savings to minimize reliance on loans.
This document discusses the rising costs of education and provides advice on planning for education expenses. It notes that university tuition fees have skyrocketed in the UK and costs are expected to continue increasing significantly in the future. Living expenses can also double the yearly cost of fees. The document recommends speaking to a financial advisor to develop an education savings plan and choose appropriate investment products, as delaying planning can dramatically impact the end savings amount. Acting now to understand expected costs and have clear savings goals is important to financially prepare for children's education.
1. The document outlines key financial considerations and milestones throughout different life stages, from one's 20s through retirement. It discusses saving for emergencies, paying off student loans, investing for retirement and children's education, marriage and home buying, insurance needs, and retirement planning including trusts and estate planning.
2. The benefits of starting to invest and save early are highlighted, as compound interest can significantly increase savings over time. Financial planning is important at each stage to prepare for expenses and protect one's family.
3. Retirement planning involves considering costs of assisted living, a second home, or traveling in retirement. Overall financial wellness requires ongoing management of savings, debt, insurance needs as one progresses through different
Money Management and Financial literacy for school students - Mumbai by Thoug...Vinay Gada
We make students learn about how to save and invest for future. We make students aware about money management and banking through our quick, easy and interactive course.
This DM package was developed by me from concept to full copy. It is designed to ease the fears of parents and students facing college tuition, and offering them the Goal Financial Solution.
Providing families with college planning solutionsJeffrey Borden
The document is an advertisement for the Heartland Institute of Financial Education (HIFE), which helps families plan for college costs. HIFE provides college planning services like career assessments, assistance with applications, financial aid guidance, and strategies to fund education. It works with students from freshman to senior year to successfully navigate the college process. HIFE coaches have over 20 years of experience and take a personalized approach to establishing an action plan for each student.
HIFE CPP Intro Small Trifold v3.01.16_HIFEHQ FinalJeri Wolf
The document is about the Heartland Institute of Financial Education (HIFE), a non-profit organization that helps families plan for college costs. HIFE offers a college planning program to assist students through the entire college process from preparation to admissions to financial aid. They provide certified consultants, career and college assessments, application assistance, and coaching to develop individualized plans. The goal is to help students obtain a college education without unnecessary financial burden.
College planning - Avoid Costly Mistakes Mushi Bhuiyan
The document provides information about planning for college costs and maximizing financial aid. It discusses starting a college fund early, understanding expected family contribution and financial need calculations, strategies for increasing eligibility for need-based aid like contributing to retirement funds, and tips for finding scholarships. The overall message is that families should start the college planning process early to help minimize out-of-pocket costs and graduate with less debt.
The college application process is not one the fun things about the fall – in fact it can be downright stressful for parents and children. It's easy for your child to feel overwhelmed while trying to manage numerous applications, each with varying deadlines and requirements. You and your child have spent many hours poring over college brochures and websites to decide which schools are the best choice for your needs and interests. The applications are the final step in that process.
Need an education loan to fund your abroad studies? Avanse provides education loan for students planning for their higher studies abroad.To know more visit : http://www.avanse.com/studying-abroad/
Financial Education - A Family Affair - Budgeting and College Savings Strateg...Jim Stehr
This document provides an overview of budgeting and college savings strategies. It discusses the importance of saving for higher education as part of an overall savings plan by managing a household budget. Various savings options for college are examined, including 529 college savings plans and Roth IRAs. 529 plans allow tax-free growth of contributions and qualified withdrawals for education. While considered assets for financial aid, their low costs and tax benefits are advantageous for college savings.
This document summarizes a financial advisory presentation on saving and paying for a child's college education. It discusses factors to consider like the costs of different types of colleges, available financial aid options, federal and private student loans, tax benefits, and savings vehicles like 529 plans. It also addresses developing a financial plan and goal for paying for education.
This document provides information about factors to consider when choosing a postsecondary institution and paying for education costs. It discusses rising tuition costs, graduation rates, credit requirements, minimum credit loads, affordability, return on investment, potential career outcomes, and financial aid options like scholarships, the FAFSA, loans, and repayment plans. Key details are highlighted for students and families to make informed decisions about college affordability and financing their education.
This document discusses strategies for achieving financial goals through proper financial planning. It notes that many life goals like funding education, home ownership, or retirement require a sound financial strategy. The document then discusses services offered through World Financial Group (WFG) to help individuals assess their needs and create a customized plan. Key services and products mentioned include assessing cash flow, managing expenses, debt reduction, life insurance, retirement planning, and investment options. The overall message is that taking control of finances now through working with WFG can help achieve future dreams and goals.
There are only three types of student loans and you won’t qualify for two of ...National Debt Relief
This presentation discusses the three types of federal student loans, the differences between them and why you would likely not qualify for two of them. It also reveals the importance of the FAFSA and the tax advantages of financing a college education.
This 3 sentence summary provides the key details about the basic financial literacy program described in the document:
The program aims to teach basic financial concepts to kids and teens through a short-term interactive educational course to empower them to be responsible and live problem-free lives, covering topics such as money, banking, savings, taxes, investment, insurance and personal finance.
This document provides guidance on creating a budget for college students. It outlines key components of a student budget including identifying income sources, estimating expenses, and tracking spending. Expenses are divided into fixed costs like tuition and housing and more flexible categories. The document warns that credit cards can enable overspending if not used carefully and within one's budget. It provides tips for credit card management and using a budget to avoid debt.
Providing high-quality financial education in school - MalaysiaWijzer in geldzaken
Symposium: Financial Resilience throughout Life
Breakout session Thursday 21st of April 2016
Providing high-quality financial education in school - Malaysia
Beurs van Berlage - Amsterdam
This document provides an overview of a financial well-being workshop for students. It defines important financial terms, explains concepts like budgets, loans, grants and scholarships. It also discusses building credit and maintaining financial well-being. The workshop aims to help students develop skills to manage their finances and avoid unnecessary debt while in college and beyond.
This document lists over 30 questions about planning and paying for college costs effectively. It emphasizes that informed decision making and planning at each stage can help maximize financial aid, scholarships, and other options to potentially save tens of thousands on college costs compared to uninformed decisions. With expert guidance, families can develop optimal funding strategies tailored to their individual circumstances to afford today's high college prices, which now average over $250,000 for a single child's full education.
The document discusses helping grandchildren save and plan for college. It notes that grandchildren want advice from grandparents about money and savings, especially for college which has risen dramatically in cost. Grandparents underestimate their influence but can help by starting conversations about savings, money management, and options like 529 college savings plans which allow tax-free growth and can be used at most colleges. The document provides tips on getting started with money talks and links for more 529 plan information.
Best financial planning practices for teenagersCalvin Lee
Teenagers should practice financial planning by budgeting their money, distinguishing between needs and wants, and considering all costs before purchasing expensive items. They can start building wealth by creating an emergency fund of 6-12 months' expenses, purchasing insurance policies, and saving for education. Over time, teens can accumulate more wealth by investing small amounts in stocks and shares while continuing to add to their savings accounts. Financial planning helps teens achieve financial goals.
Teenage debt is a growing issue, with teens spending an average of $103 per week and 22% of teens ages 12-18 having their own credit card. A 2000 poll found that 45% of freshman college students entered school with an average debt of over $3,000, and credit card companies target college campuses. To prevent teen debt, the document recommends that parents educate their children on saving, budgeting, and responsible credit use; avoiding unnecessary credit cards; saving for purchases; requiring personal finance classes; and leading by good financial habits.
This document discusses myths about financial aid and provides information to help students and families better understand their financial aid options. It addresses two common myths: 1) that some families cannot qualify for aid based on income, but there are non-need based options available, and 2) that it's not worth filling out financial aid forms if you don't qualify, but students must complete the FAFSA to be considered for major aid programs. The document provides an overview of federal, state, and institutional financial aid options as well as the importance of completing the FAFSA and CSS Profile if required by colleges.
Pibsly is developing a tool to guide students and parents through the complex process of choosing a college and financing options. They plan to launch in Q3 2013 with $300K in seed funding. Over 5 years, Pibsly projects rapid revenue growth from lead generation fees and commissions as they acquire more customers. Expenses will increase with hiring and operations. By 2018, Pibsly forecasts $16M in revenue and profitability as their comprehensive college planning tool captures long-term customer engagement.
This document provides information about using a 529 college savings plan to help pay for rising college costs. It notes that college tuition has increased much faster than inflation or incomes in recent decades. A 529 plan is recommended as a tax-advantaged investment vehicle specifically designed to save for higher education expenses. The benefits of a 529 plan include retaining control over the account, potential estate tax reductions, and state tax deductions or credits in some states. Contributing to a family member's 529 plan is suggested as a way to help secure their future and reduce the financial burden of college.
Breakout: Providing high-quality financial education in school - Diversion - ...Wijzer in geldzaken
Symposium: Financial Resilience throughout Life
Breakout session Thursday 21st of April 2016
Providing high-quality financial education in school by Heleen Cousijn - Diversion
Beurs van Berlage - Amsterdam
The document discusses episodes of Mann Ki Baat, an Indian radio programme hosted by Prime Minister Narendra Modi. It provides details of 6 episodes between October 2014 and March 2015. The episodes covered topics like Swachh Bharat Abhiyan, India's Mars Mission, drug abuse, addressing students about exam stress, and issues of concern to farmers.
The college application process is not one the fun things about the fall – in fact it can be downright stressful for parents and children. It's easy for your child to feel overwhelmed while trying to manage numerous applications, each with varying deadlines and requirements. You and your child have spent many hours poring over college brochures and websites to decide which schools are the best choice for your needs and interests. The applications are the final step in that process.
Need an education loan to fund your abroad studies? Avanse provides education loan for students planning for their higher studies abroad.To know more visit : http://www.avanse.com/studying-abroad/
Financial Education - A Family Affair - Budgeting and College Savings Strateg...Jim Stehr
This document provides an overview of budgeting and college savings strategies. It discusses the importance of saving for higher education as part of an overall savings plan by managing a household budget. Various savings options for college are examined, including 529 college savings plans and Roth IRAs. 529 plans allow tax-free growth of contributions and qualified withdrawals for education. While considered assets for financial aid, their low costs and tax benefits are advantageous for college savings.
This document summarizes a financial advisory presentation on saving and paying for a child's college education. It discusses factors to consider like the costs of different types of colleges, available financial aid options, federal and private student loans, tax benefits, and savings vehicles like 529 plans. It also addresses developing a financial plan and goal for paying for education.
This document provides information about factors to consider when choosing a postsecondary institution and paying for education costs. It discusses rising tuition costs, graduation rates, credit requirements, minimum credit loads, affordability, return on investment, potential career outcomes, and financial aid options like scholarships, the FAFSA, loans, and repayment plans. Key details are highlighted for students and families to make informed decisions about college affordability and financing their education.
This document discusses strategies for achieving financial goals through proper financial planning. It notes that many life goals like funding education, home ownership, or retirement require a sound financial strategy. The document then discusses services offered through World Financial Group (WFG) to help individuals assess their needs and create a customized plan. Key services and products mentioned include assessing cash flow, managing expenses, debt reduction, life insurance, retirement planning, and investment options. The overall message is that taking control of finances now through working with WFG can help achieve future dreams and goals.
There are only three types of student loans and you won’t qualify for two of ...National Debt Relief
This presentation discusses the three types of federal student loans, the differences between them and why you would likely not qualify for two of them. It also reveals the importance of the FAFSA and the tax advantages of financing a college education.
This 3 sentence summary provides the key details about the basic financial literacy program described in the document:
The program aims to teach basic financial concepts to kids and teens through a short-term interactive educational course to empower them to be responsible and live problem-free lives, covering topics such as money, banking, savings, taxes, investment, insurance and personal finance.
This document provides guidance on creating a budget for college students. It outlines key components of a student budget including identifying income sources, estimating expenses, and tracking spending. Expenses are divided into fixed costs like tuition and housing and more flexible categories. The document warns that credit cards can enable overspending if not used carefully and within one's budget. It provides tips for credit card management and using a budget to avoid debt.
Providing high-quality financial education in school - MalaysiaWijzer in geldzaken
Symposium: Financial Resilience throughout Life
Breakout session Thursday 21st of April 2016
Providing high-quality financial education in school - Malaysia
Beurs van Berlage - Amsterdam
This document provides an overview of a financial well-being workshop for students. It defines important financial terms, explains concepts like budgets, loans, grants and scholarships. It also discusses building credit and maintaining financial well-being. The workshop aims to help students develop skills to manage their finances and avoid unnecessary debt while in college and beyond.
This document lists over 30 questions about planning and paying for college costs effectively. It emphasizes that informed decision making and planning at each stage can help maximize financial aid, scholarships, and other options to potentially save tens of thousands on college costs compared to uninformed decisions. With expert guidance, families can develop optimal funding strategies tailored to their individual circumstances to afford today's high college prices, which now average over $250,000 for a single child's full education.
The document discusses helping grandchildren save and plan for college. It notes that grandchildren want advice from grandparents about money and savings, especially for college which has risen dramatically in cost. Grandparents underestimate their influence but can help by starting conversations about savings, money management, and options like 529 college savings plans which allow tax-free growth and can be used at most colleges. The document provides tips on getting started with money talks and links for more 529 plan information.
Best financial planning practices for teenagersCalvin Lee
Teenagers should practice financial planning by budgeting their money, distinguishing between needs and wants, and considering all costs before purchasing expensive items. They can start building wealth by creating an emergency fund of 6-12 months' expenses, purchasing insurance policies, and saving for education. Over time, teens can accumulate more wealth by investing small amounts in stocks and shares while continuing to add to their savings accounts. Financial planning helps teens achieve financial goals.
Teenage debt is a growing issue, with teens spending an average of $103 per week and 22% of teens ages 12-18 having their own credit card. A 2000 poll found that 45% of freshman college students entered school with an average debt of over $3,000, and credit card companies target college campuses. To prevent teen debt, the document recommends that parents educate their children on saving, budgeting, and responsible credit use; avoiding unnecessary credit cards; saving for purchases; requiring personal finance classes; and leading by good financial habits.
This document discusses myths about financial aid and provides information to help students and families better understand their financial aid options. It addresses two common myths: 1) that some families cannot qualify for aid based on income, but there are non-need based options available, and 2) that it's not worth filling out financial aid forms if you don't qualify, but students must complete the FAFSA to be considered for major aid programs. The document provides an overview of federal, state, and institutional financial aid options as well as the importance of completing the FAFSA and CSS Profile if required by colleges.
Pibsly is developing a tool to guide students and parents through the complex process of choosing a college and financing options. They plan to launch in Q3 2013 with $300K in seed funding. Over 5 years, Pibsly projects rapid revenue growth from lead generation fees and commissions as they acquire more customers. Expenses will increase with hiring and operations. By 2018, Pibsly forecasts $16M in revenue and profitability as their comprehensive college planning tool captures long-term customer engagement.
This document provides information about using a 529 college savings plan to help pay for rising college costs. It notes that college tuition has increased much faster than inflation or incomes in recent decades. A 529 plan is recommended as a tax-advantaged investment vehicle specifically designed to save for higher education expenses. The benefits of a 529 plan include retaining control over the account, potential estate tax reductions, and state tax deductions or credits in some states. Contributing to a family member's 529 plan is suggested as a way to help secure their future and reduce the financial burden of college.
Breakout: Providing high-quality financial education in school - Diversion - ...Wijzer in geldzaken
Symposium: Financial Resilience throughout Life
Breakout session Thursday 21st of April 2016
Providing high-quality financial education in school by Heleen Cousijn - Diversion
Beurs van Berlage - Amsterdam
The document discusses episodes of Mann Ki Baat, an Indian radio programme hosted by Prime Minister Narendra Modi. It provides details of 6 episodes between October 2014 and March 2015. The episodes covered topics like Swachh Bharat Abhiyan, India's Mars Mission, drug abuse, addressing students about exam stress, and issues of concern to farmers.
PopFic quiz by Rahul Kottalgi at Kolkata Quiz Festival 2015Arijit Sen
This document contains 30 multiple choice questions from a popular fiction quiz. It tests knowledge about authors, literary works, characters, and genres. Some of the authors and works identified include Sidney Sheldon, the Divergent series, Sue Grafton's Alphabet series, the Bourne books, and the Faraway Tree series.
The document is a quiz with 50 questions across 4 phases testing knowledge on topics ranging from movies to music to sports to history. The quiz is divided into 2 written phases with 8 questions each and 2 "Infinite Bounce" phases consisting of sets of 17 questions. Participants must answer questions correctly to advance through the different phases of the quiz.
The document contains a quiz with multiple choice questions about technology companies, products, and innovations. It tests knowledge in areas like logos, brands, technologies, and key figures in the tech industry.
This document provides clues and questions about movies for a quiz. It includes rules for the quiz, questions about famous movies and characters, scenes and dialogue to identify movies, and connections between different films. The questions cover a wide range of genres and eras of cinema.
The document discusses the importance of education fees planning to ensure one's children receive a quality education. It notes that costs for university and private schooling have risen significantly in recent years. Guardian Wealth Management can help clients plan their education savings through various options like investments, bonds, and tax advantages to have the funds needed for their children's education costs. Starting a fees plan early allows more time for savings to grow and makes financing their education with minimum hassle.
Planning your child’s educational future can be daunting.
At SCI Wealth we can make that process easier and help you ensure that the funding is in place to secure your child’s future.
Ultimate Guide to Choosing the Right Study Abroad ProgramNischay Educorp
Choosing the right study abroad program is a dream of every parent for which they build savings from an early age. We have created an ultimate guide for you that will answer your burning questions and ensure you are well-equipped to start your journey.
The document describes YAM International, a professional overseas student recruitment and consultant company. It provides information on the company's strengths, philosophy, experience helping students study abroad in various countries, and its mission and values. The company aims to guide students to the right overseas education and internship opportunities through experienced advisors and a student-centered approach.
4 Ways to Earn Money While Studying Abroad.docxZunaisha1
Certainly, working while studying abroad is a possibility, but it comes with certain considerations. The primary factor revolves around the legal aspects of employment in the host country.
A parent’s guide to providing children with the necessary basic financial skills as early as possible. It’s never too early to develop good saving and spending habits!
The document discusses a college planning program called the Heartland Institute of Financial Education (HIFE) College Planning Program (CPP) that helps students and parents pay for college. It provides coaching to help students get funding for college, including developing resumes for loans, grants and awards. HIFE coaches work with students and parents on college selection, applications, test preparation, GPA improvement, career planning and navigating the financial aid system. The program aims to help families access federal, state and college funds to offset the rising costs of obtaining a college degree.
Your Kids and Money: Providing parents with instructions on how to create res...Ellen Ambrose
This document introduces an organization called "Your Kids and Money" that provides content, classes, coaching and guides to help parents teach their children to be financially responsible. It emphasizes that financial literacy is important for children to learn at home from their parents in order to be prepared for independent adulthood. The document suggests several ways that financial advisors and other businesses can partner with or promote Your Kids and Money content to clients and employees as a valuable resource on parenting and personal finance topics. It provides an overview of the types of content offered as well as contact information.
This document discusses preparing your child for college. It emphasizes the importance of fostering a "college culture" at home by discussing college plans with your child. It also stresses the financial benefits of obtaining a bachelor's degree, providing examples of costs at different colleges. While paying for college may seem difficult, the document outlines various funding options, such as grants, scholarships, loans, and work-study. It provides guidance for both documented and undocumented students.
Starting retirement savings early is crucial for children's future financial independence and security. Opening an IRA for a teenager and having them contribute consistently from ages 13 to 18 could result in over $2 million saved by retirement age. Teaching children good financial habits like saving, earning, and spending wisely from a young age creates a foundation for lifelong financial well-being. Introducing concepts such as compound interest and encouraging age-appropriate jobs helps children understand the relationship between effort, income, and financial goals. With early financial literacy education, children will be empowered to make informed decisions to achieve a secure retirement and prosperous adulthood.
Why Do You Need Education Consultants To Study Abroad?Eduloco
School abroad education consultants come in all shapes and sizes with different rates and arrangements. Take an exam to find a specialist who adjusts to your financial plan, as well as solves your problems. You may also need to do some inquiries to check if anyone has had a positive encounter with a specific specialist.
The document discusses several topics related to education including schools, colleges, universities and research academies in one region. It also mentions that educational institutions are accredited to ensure they meet standards and outlines some benefits of studying abroad such as improving language skills and gaining an international network. The document then provides examples of career paths and how those with limited means can pursue education to work in their desired field such as opening a restaurant. It also discusses skill development programs and services offered by an organization called Chandigarh Plus Services.
Child Education Planning For Their Bright FutureDeepak Dhabalia
Learn The Benefits Of Child Education Planning At A Click! Child Education Plan Helps You To Take Care Of The Future Needs Of Your Child, Like Higher Education.
How To Finance Your Studies - An Oxbridge Academy GuideOxbridge Academy
In this e-book, you will learn everything you need to know about:
• Scholarships and bursaries
• Student loans
• Working to pay for your studies
• Using employer skills development levies
• Choosing a study option that suits both your needs and your resources
This e-book not only aims to help you find solutions to the problem of financing your studies, but also to help you empower yourself and to find ways to make studying a feasible reality.
Meaning: New education designates a pedagogical movement whose main characteristic
is the involvement of the person in his own training.Origin: This expression was used
from the 1890s, that is to say with the appearance of the first schools providing new
education. The very first opened in 1889 on English soil. The new education defends the
idea that learning must above all serve an overall evolution of the person.
SD Miracle is an educational consultancy firm based in Kathmandu, Nepal established in 2015 to assist students seeking to study abroad. The company provides counseling services to guide students on which programs and countries align best with their interests and budgets. SD Miracle's team of specialists counsel students and help place them in top universities in countries like the US, Denmark, and Australia. The company aims to help students fulfill their potential through higher education opportunities abroad.
This document provides an overview and guide for studying abroad and achieving a successful career. It is published by Abroad Shiksha, an online student advisory firm that helps place over 4000 students in 18 countries.
The document emphasizes the importance of choosing the right destination country for studies. Key factors to consider include geography/climate, economy/policies, dominant industries, and cost of living. Selecting the wrong country could negatively impact one's ability to adjust, afford living expenses, and concentrate on studies. Therefore, choosing a destination that aligns with one's budget, interests, and strengths is important for overall development.
The guide also stresses the need to have clear and long-term motivations for studying abroad centered around
2. If a man empties his purse into his head, no man can take it away from him.
An investment in knowledge always pays the best interest
Benjamin Franklin
Introduction
An increasing number of professionals of all nationalities have been moving and working abroad in
the last decade. Whether you are a young executive or a high net worth individual with a diversified
portfolio of global assets, you will have specific financial requirements and objectives. Offshore
financial products and services can help you achieve financial security and provide you with the quality
of life you require as an expatriate or international investor.
Investing in international accounts is no longer the premise of the rich and famous; all expatriates living
abroad may now enjoy flexibility, among other benefits, by investing their money overseas. The offshore
financial industry has become more popular as financial institutions from around the world have entered
the offshore market as a result of the high demand. There are now many providers that offer a broad
range of services ranging from saving schemes to pension and retirement plans and wealth management
accounts to lump sum investment products.
Over the years, deVere has developed strong partnerships with some of the world’s leading investment
houses and insurance companies, all of which offer some of the most competitive products in the
marketplace and a high level of protection for the investor.
In this guide, we aim to provide you with essential information on funding your child’s education as an
international investor or expatriate. In addition, one of our experienced financial consultants can assist
you further by taking you through some of the options available to you that will help you start saving for
your child’s future.
Providing for your child’s or children’s education is one of the greatest investments you can ever
make. Quality schooling and higher education is essential in today’s society to stand the best chance in
succeeding.
The benefits of providing your children with a good start in life outweigh the costs, both emotionally and
financially. Emotionally you want to make sure that your children are given every opportunity to fulfil
their potential and that their school lives are both enjoyable and productive. And financially, you want to
be able to assess the different alternatives and be in a position to choose the best option for your child.
As an expatriate you are in a privileged savings and investing position. Offshore saving plans offer a
flexible way for you to save money to fund the cost of your child’s education.
GIVING THEM THE OPPORTUNITY:
FUNDING YOUR CHILD’S EDUCATION
3. GIVING THEM THE OPPORTUNITY:
FUNDING YOUR CHILD’S EDUCATION
Cost of education
In the annual survey from insurance and investment group LV= on the cost of a child published in
January 2009, it shows that parents spend the average of £193,772 on raising a child from birth to the
age of 21. The survey shows that costs have increased by 4% since December 2007 and is up 38%
since 2003.
Childcare and education remain one of the biggest expenditures for every household, and raising
children is becoming increasingly expensive. Given that the cost of education is growing at around
7.5% p.a. you will need to double or even treble this amount to reach the figure required to finance
your children’s education when they eventually reach university age. In summary:
• Boarding schools can cost in the region of £20,000
• University fees add up to five figure sums
• And all the extras such as books and uniforms need to be taken into
account
All in all, paying for your child’s education requires planning and may depend on many factors
including:
• The institution that you choose for your child
• The chosen path of study
• The country of study and whether your child is to be classed as an
overseas student or not
• The city in which your child studies
Ask yourself the right questions
As an expatriate, there are a number of important points that should be considered that will determine
the right path for your child’s education:
• Are you in an environment where the local standards of education differ greatly from the
standards that you want for your child? For example, you can enrol your child in state
schools in China, but can only do so if they are approved to take foreigners
• Is the language in your country of residence going to prove to be a barrier to your child’s
learning?
• Do the teaching and qualification standards in your country of residence compare
favourably to the standards back home? An education to western standards can be well
above the cost of a private education in your home country. This is because international
schools pay expatriate salaries and living expenses to the teachers they bring from your
home country.
• Are you living in an environment that is not 100% safe or stable and could this adversely
affect your child’s education development?
• Does the international school still charge a full year’s tuition if your child leaves before
year-end? Are there other penalties you must pay for early withdrawal?
Each of these issues should be considered carefully before you start planning. You will most certainly
be presented with a choice between private or state schooling and weighing up factors such as costs,
logistical concerns and the difference in quality between the two is essential.
Remember that it is down to you to take responsibility for providing your child with the best possible
opportunities.
4. GIVING THEM THE OPPORTUNITY:
FUNDING YOUR CHILD’S EDUCATION
Find the right school
The number of schools available at home and abroad is vast. To make your decision easier, focus on
what type of school will best meet your child’s needs.
The internet and personal recommendations serve as a good starting point for your search. The
internet can provide you with information on educational practices overseas, the school’s curriculum,
whether there are any international schools available to you and school fees.
Once you have shortlisted a few schools, ask for their brochures. You may want to look out for
information on the average academic achievements of the school’s pupils, examine the school’s
facilities, security arrangements and pupil welfare programmes – everything that is important to you
and your child.
Among the relevant questions to consider if you are thinking of sending your child overseas or back
home to be educated, think of the following:
• What weekend activities are available to them?
• Will the school assist with the logistics of travel?
• Are there other pupils who would be in the same situation as your child?
• How easy will it be to communicate with your child?
• Once you have further reduced your shortlist, it is important that you and your child visit
the schools that you wish to consider. Get a feel for the atmosphere and talk to pupils and
staff and make sure you are comfortable with the school.
Receive financial advice
Make sure you familiarise yourself with the necessary steps to take advantage of the position that you
are in. The lesson with foreign education is that you cannot take for granted what is provided, or does
not cost much, in your own education system.
To help give your child a good education, you need to put money aside in a place it can grow and
where you can make withdrawals easily when school fees need to be paid.
If you haven’t started planning yet, now is the time to start. As an expatriate, you are in a privileged
position, so make the most of the options available to you as early as possible.
At the deVere Group, our consultants work with some of the leading investment houses and insurance
providers. All our employees have been trained to provide the best advice and are familiar with the
local knowledge/requirements of the region you live in/may relocate to.
We can help you find a plan for your child’s education that best suits your needs and highlight some
of the below benefits that may be available to you such as:
• Tax-free growth
• Government protection & security
• Products that move with you when you relocate or move back home
• Easy access enabling you to withdraw money on a regular basis for tuition fees
• Investment adaptability enabling you to adapt your education portfolio to changes in your
personal circumstances or that of your child
5. GIVING THEM THE OPPORTUNITY:
FUNDING YOUR CHILD’S EDUCATION
About the deVere Group
The deVere Group is the world’s leading independent financial consultancy group. We work with
international investors and expatriates to find financial services products that best suit their medium to
long-term requirements for investments, savings and pensions.
With in excess of US$10 billion of funds under administration and management, deVere has more than
80,000 clients in over 100 countries. Our independence and ability to offer financial
products that are tailor-made to fit an individual’s needs, are behind our success.
As a result we now have offices in over seventy countries. You can find us in Abu Dhabi, Tokyo, Geneva,
Johannesburg, Dubai, London, Shanghai, Zurich, and Moscow among others.
The advice we provide is free and without obligation.
All opinions expressed in this Guide constitute the author’s own judgment as of the date of the
Guide. Please note that as we have only indicated the general position, and whilst every effort has
been made to ensure the accuracy of the information, we can accept no responsibility for any act
or failure to act based upon its content. The views expressed herein are purely those of deVere
employees and are not to be construed as advice.