Read? Funding Your Child’s University in the Future?
Updated:
This is what I have spend on the two kids so far- all expenses incurred on the kids themselves but excluding common expenses e.g. family meals
For two full years of study at local U on tuition fees and all living expenses are as follows:
SMU: $26.6K (Higher tuition fee and higher meal costs at campus) - Daughter
NUS: $21.3K - Son
Total = $47.9K
Remember that they are young adults so they may incur some costs in socializing with friends for entertainment and meals. And for daughters, they may have more costs for beauty care and clothings.
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2 hours ago
Hi UncleCW8888, did your children take any student/tuition loans from the U or from the local banks? If they used your CPF, they will have to pay back into your CPF right? If you paied with cash, they pay you back with cash later on!!
ReplyDeleteCH
Can use CPF fund for university tuition fee. If parents reach 55 before they have graduated, parents can waive the pay back.
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