Saving For Your Child's Education

There are many factors parents need to consider when it comes to their children’s education. While college may seem like a long way down the road for the parents of toddlers and pre-teens, the cost of education will usually need a consistent, long-term plan.

 

According to Dubai-based financial advisory Zurich Middle East, the cost of putting one child through education from pre-school through to university is approximately AED 938,599 (USD 255,749). This marks the second consecutive year that education from pre-school through to university could cost families in the UAE almost AED 1 million per child.

The figure is based on the total cost of education of two years at pre-school, six years at primary school, six years at secondary school and three years at a UK university.

In the UAE, pre, primary and secondary school costs add up to an average of AED 528,486 (USD 144,001) per child, a slight increase on last year’s figures. These costs exclude other fees such books, trips and uniforms, and could increase by up to 40% for top tier schools.