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Tuesday, June 3, 2008

Kailan ka dapat maghanda nang pang-tuition ng anak mo? (Funding your children’s college education)

By: Alvin T. Tabanag, RFP

It’s the time of year when parents with kids in school worry about where to find money to pay for their tuition and other school fees. At hindi nakatulong yung balita na 364 na private colleges and universities sa bansa ang magtataas ng tuition fee ngayong darating na school year 2008-2009.

Based on the information provided by CHED, the average tuition fee hike this year is 9.93%. Schools in the Bicol Region had the highest percentage increase at 17.64%, followed by Ilocos (Region 1) with 14%, Calabarzon (Region 4A) with 12.01% and Mimaropa (Region 4B) with 10.64%. In the NCR average rise in tuition fees is at 8.51%

As responsible parents it is our obligation to prepare for our children’s education long before they step into college otherwise you may not have enough funds to cover the cost. Walang ibang pupuntahan ang tuition fees kundi pataas. Ang tanong na lang ay kung gaano kataas.

Check out the table and see how much you could be paying for your kids’ college education. If your child is seven years old today he will enter college in 10 years. If tuition & other school fees stand at P30,000 per semester today, in 10 years it will already cost P64,768 per semester (assuming an annual increase of 8%). Expect to pay twice as much if you send your children to the leading universities. This does not include yet school allowances & other related expenses which could total to about the same amount.

Read the complete guide at

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