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Education Fund

Education is one of the most important things to consider when planning the future of your children. Getting them into a good college is a lot more expensive than one might think. Today with the rising  cost of high quality education, planning for it and having enough money left in your bank account has become important thing to consider. Putting up with the cost is definitely a skill to be learn and getting an education plan will definitely help in preventing headaches in the future.

The Cost of Education

There are lot of factors that determines the cost of education. One is the
tuition fee of the college you choose for your kids. Although it can vary, a minimum total cost can reach about half a million pesos tops for any four year course.Even so this cost can further increases by 5-6% yearly depending on the policy of the university or college. In reality, this is so much higher than the personal wages increase that  also happens yearly. Meaning to say that the cost of education is rising much faster than any average monthly income. Honestly it will take a lot of saving coming from a family that has an average income budget. It is important to take note that there are also additional expenses aside from the tuition fee. This includes:
  • Books
  • Transportation
  • Other miscellaneous fees

Educational Plan as an option

Fortunately, there are a lot options that will allow your children to have a good education that you have dreamed of for them. One of the option is acquiring a pre-need educational plan.  This is:
  • An investment option that allows you to start planning as early as you would like to be able to reach the amount needed before your child even begins college.
  • It is a way to meet the future cost of college education.
  • It is what you call part of an insurance company’s pre-need services.
  • These services provide payment for the future, and in this case, your child’s or children’s educational opportunities.
  • This ensures that you can send your school-aged offspring to very worthwhile schools because you are saving up fund for them now.

Overall, educational plans are versatile and a helpful tool for the better future of your kids. If you need more information and there are questions you would like to address, there are insurance agents that can help you to fully understand about educational plan.

Remember that there are many things to consider but you have the option to step forward and get an education plan that will allow you a time for appropriate planning. After all, the future may be uncertain, but your decision to pave for a better future for your offspring should not be.

What we want is to see the child in pursuit of knowledge, and not knowledge in pursuit of the child. contact us and we will secure your children’s future.