| School Fees Comparison - Local Universities vs Overseas Universities |
| Location |
Course Duration |
Annual School Fee (HKD) |
Annual Cost of Living (HKD) |
Total (HKD) |
Total
(HKD, cost after 18 years with expected inflation rate of 3.5%) |
Hong Kong
|
4 |
42,100 |
93,120
|
540,880
|
1,004,679 |
| Australia |
3 |
193,305 |
165,690 |
1,076,985
|
2,000,488 |
| UK |
3 |
256,865
|
126,770
|
1,150,905
|
2,137,794 |
| Canada |
3 |
132,600
|
105,300
|
713,700
|
1,325,690 |
| US |
4 |
181,925
|
99,284
|
1,124,836
|
2,089,371 |
| New Zealand |
3 |
141,220
|
101,310
|
727,590
|
1,351,491 |
| China |
4 |
6,765 |
15,769 |
90,136 |
167,427 |
|
* Source (As at Feb 2012): Hong Kong Educatio Bureau, Study in Australia Website 及British Council Website
|
- HKD Exchange Rate (for reference only, as at 8 May 2012): AUD = 7.89, GBP = 12.53, CAD = 7.8, USD = 7.76, NZD = 6.14, RMB = 1.23
- The school fees are calculated according to the average fees in different disciplines
- The above data is for reference only.
The estimated cost of completing a Bachelor Degree in the US is HKD2,089,371!
|
|
| |
| Saving Education Funds and Nurture Children |
|
|
| The following chart shows the monthly contribution of children completing a Bachelor Degree in US using the average expenditure calculation method (HKD2,089,371): |
| Children's Age |
Saving Period |
Estimated Monthly Contribution (HKD) |
| 0 |
18 |
5,983.27 |
| 1 |
17 |
6,518.60 |
| 2 |
16 |
7,125.05 |
| 3 |
15 |
8,612.47 |
| ↓ |
↓ |
↓ |
| 15 |
3 |
53,914.6 |
| 16 |
2 |
82,957.89 |
|
* Assuming Annual Return of 9%
|
|
|
| The information as shown on this website is hypothetical and for reference only. It is not intended to constitute a recommendation or advice to anyone and is not intended as a substitute for professional investment advice. |
|
