Education Fees Planning

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Providing Your Children With The Best Options Available

With University fees rising and the current cost of a three year degree course costing close to USD 150K - focused attention is required to build the necessary funds for your children
Service Support Education Fees

Providing the opportunity for education

Most parents would agree that a good education is vital to their children’s hopes of finding a good career. However the recent rise in the cost of university fees, on top of increasing living costs around the world, have taken a generation of parents by surprise.

The importance of planning well ahead to help your children avoid large debts in the future is clearer than ever before.

If your children are young now, you could be looking at paying £100,000 / US$150,000* to cover fees for a three year university course.

Yet, a good education can be a stepping stone to a satisfying career, higher earnings and a self-sufficient future, so the end results often justify the expense.

There are seven vital questions you need to ask yourself:-

  • Are your children likely to want to go to university?
  • Do they have special talents that need nurturing at a particular kind of school?
  • Do you have a savings plan in place?
  • Will those savings be enough to combat the impacts of inflation and low interest rates as well as rising education costs?
  • Could education system changes in the region you expect to send your child to lead to costs dramatically increasing?
  • Are you confident that your savings are in an economically stable environment?
  • How do you keep control of savings against different tax regimes and widely varied national laws?

The educational path your children follow in the future , is unlikely to be a cheap one

Even a standard education comes at a price now.

if your children have a unique talent that needs a more specialist education, the costs can be very high indeed.

Take a look at the Manchester University 2017 fees below - these are actual fee figures and do not cover such items as student accommodation , food and general expenses - these are contained in the second set of figures.

Being clear as early as possible about the sort of education your children will require, will hopefully put you in a much better financial position to save the desired sum to cover the costs..

Don’t look to the short term in education. Fees now will be vastly more in 10 years’ time

Don’t forget living expenses, these can virtually double the yearly cost of fees.

Don’t make assumptions about the sort of education path your child will choose. Be prepared for every eventuality.

Manchester University Fees 2017
Manchester University Living Expenses 2017 - Undergraduate
Manchester University Living Expenses 2017 - Post-Graduate

Understanding course & fee structures

Undergraduate Tuition Fees

Tuition fees for undergraduate courses (bachelor degrees) vary depending on your chosen university and subject. Courses are usually split into three categories:

Classroom-based courses: The teaching takes place primarily in a classroom. Tuition fees for these courses range from approximately £10,000 to £16,000 per year.

Laboratory-based courses: The teaching takes place in classrooms and laboratories. Tuition fees for these courses range from £12,000 to £26,000 per year.

Clinically-based courses: The teaching takes place in classrooms, laboratories and clinical settings such as hospitals. Tuition fees for these courses range from £30,000 to £37,000 per year.

Postgraduate Tuition Fees

Tuition fees for postgraduate courses vary across different universities and subjects. Postgraduate degrees can be split into two major categories, postgraduate taught courses and postgraduate research courses.

Postgraduate taught courses

This usually refers to one-year masters courses, although some courses are two or three years long. The courses are focused around lectures and seminar, with a research project at the end of the programme. There are three main categories:

Classroom-based courses: The teaching takes place primarily in a classroom. Tuition fees for these courses range from approximately £8,000 to £29,000.

Laboratory-based courses: The teaching takes place in classrooms and laboratories. Tuition fees for these courses range from £11,500 to £35,250

Clinically-based courses: The teaching takes place in classrooms, laboratories and clinical settings such as hospitals. Tuition fees for these courses range from £11,400 to £39,000.

Postgraduate research courses:

This usually refers to doctorate degrees (MPhil/PhD) courses which are primarily based around one research project. Students may have access to lectures and seminars but will be assessed on the research project only. PhD courses take three to four years. Tuition fees for PhD courses can range from £11,000 to £30,000 per year.

University Study

Plan early and seek advice

As you will have learnt from the facts and figures above - costs of a good education need to be planned and budgeted for.

Let us help you through the process to ensure your children obtain the education you seek for them.

If you would like to keep up to date we include articles of interest related to school fees - student accommodation and many other issues that affecting our children education in our blog pages.

Use the contact button below and lets start the process towards a better education.