Education, without a doubt, is one of the most important legacy that a parent can give to his/her children. Without it, the possibility of success in this very competitive world is very slim. That’s the very reason why parents aim to send their children to the best school possible.
However, there is one challenge to this master plan. Tuition fees here in the Philippines, especially for prestigious schools like Ateneo, La Salle, UST, and others, are not getting lower each passing year. In fact, the probability of having to pay a million pesos in one school year is getting real as the years passed by because of the said 10% average of tuition fee increase every year.
Having a hard time imagining it? Let’s get the numbers rolling.
According to GMANetwork.com during their tuition fee research on Ateneo de Manila published last April 4, 2013, more or less, the overall cost per semester per student to study in Ateneo is P80,000.00. For a two semester school year, that equates to P160,000.00. Of course, that excludes all operational expenses of your child while studying. For now, let’s put that out of the equation.
If you have a newly born son/daughter, then basically, you have 18 years to save for his/her college education (K-12 was accounted for). Let’s begin the forecast.
Tuition Fee (beginning)
Tuition Fee (ending)
Now you see, during the time your son/daughter graduates from High School, annual cost to study at Ateneo will be around P900,000.00. Good news is, that’s just good for one year. For a four to five-year course, you’ll be needing a whooping P3.6M to P4.5M to ensure that your child will have a competitive advantage when he enters the real world.
Now, maybe you’re thinking, There’s no way I’ll be spending that much for my child’s college education!!!
Well, please do stop reading. This article is intended for those parents who love their children so much that they are willing to do anything and everything just to give their children a higher chance of getting a brighter future.
Still here? Alright! Now that we are settled, please proceed reading on the next page.
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