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richmond_1688 Registered User
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Do you enough savings to send your children to university? richmond_1688 Feb 3rd, 09, 04:25 PM #1 (permalink)
Which University?

For four years now, students have been able to apply to all three local universities, and choose where to go once acceptances come in. So the universities strive to be different - in their programmes, admission criteria and fees. The Straits Times Education Correspondent Sandra Davie takes a look at the choices offered by the universities

Degrees

THERE are the local single degrees, of course. A few years ago, double degrees were all the rage. Now it is the global degree route. These are proving popular as more companies look out for employees with a global outlook.

NUS: It offers the widest range of degrees among the three universities. Its exclusive courses are medicine, architecture, dentistry, music, pharmacy, nursing, and project and facilities management.

Global degrees:

Bachelor of Arts (Honours) with the University of North Carolina at Chapel Hill.

Bachelor of Computing (Communications & Media) and Master in Entertainment Technology with Carnegie Mellon University.

Bachelor of Engineering (Civil Engineering) with the University of Melbourne.

NTU: It has expanded its range of courses in recent years to include social sciences and fine arts. Its exclusive offerings include art, design and media, aerospace engineering, communication studies, maritime studies and education (conducted by the National Institute of Education).

Global degrees:

Double degree in Biomedical Sciences and Medicine (Traditional Chinese Medicine) with Beijing University of Chinese Medicine.

Double MBA degree programme in Management of Technology with Japan’s Waseda University.

Bachelor of Engineering (Computer Science) from NTU and Master of Science (Computer Science) from Georgia Institute of Technology

SMU: Positioning itself as a boutique business university, it offers four-year, full-time programmes in accountancy, business, economics, information systems management and social science. It has introduced a new one, law, which will take in 90 students in its pioneer batch.

Global degrees:

Bachelor of Science (Information Systems Management) degree from SMU and master’s degree from Carnegie Mellon University.

Fees

THE three universities announced in January that they will not raise tuition fees this year in view of the upcoming increase in goods and services tax (GST).

SMU, anyway, has a lock-in system for its fees, which will not be raised over the duration of one’s course even if fees are increased for later intakes.

Some parents and students prefer this lock-in scheme, because it allows them to plan ahead and set aside a specific amount of money.

Both NUS and NTU have said they are considering a similar scheme.



NUS ANNUAL FEES

Dentistry and medicine: $17,520

Music: $7,570

Nursing: $7,000

All other courses: $6,110

NTU ANNUAL FEES $6,110

SMU ANNUAL FEES $7,500 (except law which is $9,000).





Example

If you are planning to send your child to University.

Gender: Female Age: 4 next birthday

For Singapore, using SMU annual fees of, $ 7,500.00

Age of entry to university 18 (Females)

This amount is needed for Years 4

Total amount needed for Local Course fees $ 30,000.00

Shortfall will be needed in Years 15

Education cost, I feel will increase annually by about 6%

Education Costs 15 years later $ 71,896.75 (after inflation)

SHORTFALL to Fund Education

Lump Sum in today dollars needed to meet the shortfall $ 53,420.34

OR Monthly savings per month for 15 years $ 342.26

Have you done your children’s education planning?

Will you have enough savings when the times comes for your children’s education?

Give your children a head start with an education policy!
 
Gollum
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Gollum Feb 3rd, 09, 04:30 PM #2 (permalink)
u have calculations for browns, yale, dartmouth, harvard, princeton and uni of penn?
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moneygod
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moneygod Feb 4th, 09, 05:58 PM #3 (permalink)
The last I checked, pre-school courses cost about the same as uni courses these days.

Ok. local unis.
Why so serious?
 
DragonFire To SMP or not to SMP?
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DragonFire Feb 5th, 09, 09:56 AM #4 (permalink)
Heh University is a long way off still. It starts in primary school with all the tuition and what nots. Or even in pre school as moneygod pointed out.

==

ACS IB program these days is $450 a month right?

That's over $32K for 6 years.


DF

Edit: At least on the bright side, I hear kids doing the IB program have no need for tuition since there won't be time for any.
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zhiz22 Registered User
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zhiz22 Feb 5th, 09, 04:20 PM #5 (permalink)
cut and paste information from other website.

plagiarism.
 
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reddevil0728 Feb 5th, 09, 11:30 PM #6 (permalink)
Quote:
Originally Posted by DragonFire View Post
Heh University is a long way off still. It starts in primary school with all the tuition and what nots. Or even in pre school as moneygod pointed out.

==

ACS IB program these days is $450 a month right?

That's over $32K for 6 years.


DF

Edit: At least on the bright side, I hear kids doing the IB program have no need for tuition since there won't be time for any.
ACS (I) or (INT) IB? INT I know it's 18k for 1 yr thats 2 yrs ago. Now not sure
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zhiz22 Registered User
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zhiz22 Feb 22nd, 09, 01:53 PM #7 (permalink)
Insurance quotes are from the companies and there is no way you can get better quotes, unless the agent offer rebates, which is illegal.

I doubt AIA has the best quotes, if you compare among all the insurers. Returns wise, AIA hasnt been the best as well.
In fact they have cut bonus, and not long ago, the critical year saga in which the policy holder has to pay for more years than stipulated.
 
cloud77
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cloud77 May 24th, 09, 06:05 PM #8 (permalink)
student grant and scholarships are available if your kids do well. IIRC, govt will try to ensure all who can study will not be denied their tertiary education just becuase they cannot afford it, esp for the local uni ?
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longsiew May 25th, 09, 04:13 PM #9 (permalink)
lol...nothing can beat University of Social.......not need to pay single cent and yet can get some incomes...lol
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bejean
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bejean May 25th, 09, 04:33 PM #10 (permalink)
^ If can study in SG is good, if not going overseas abit expensive unless of course the kid can make it or has some scholarship.

Er....in N.Y, it is about USD 25,000 for each year tuition fees and USD 15,000 to USD 20,000 for rental, food, etc.
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