A Parent’s Guide To Funding A Child’s Higher Education Abroad

Written by Iris Lee Illustration by Sara de Souza

Every parent wants the best for their child and that includes a top-notch tertiary education, from the best university courses at the best university in the world.

However, it is undeniable that the cost of tertiary education can be daunting. What more a higher learning education overseas? Out-of-this-world hefty!

Even so, many Malaysians turn to countries like Australia, the United Kingdom and the United States of America to pursue their university education.

In fact, international students have reached a record level in the UK for the 2014/15 intake, with more than 490,000 international students, based on Higher Education Statistics Agency’s (HESA) numbers. And of that number, close to 18,000 are Malaysians.

These numbers clearly show Malaysians’ appreciation for quality tertiary education. As the saying goes, “Give a man a fish and you feed him for a day; teach a man to fish and you feed him for a lifetime”.

However, without careful planning, the dream of an excellent university education will go down the drain. Or worse, both parents and child could be riddled with debts in their pursuit of an overseas education.

The key to avoid turning your dream into a nightmare is to start planning early, and to use the right mix of financial solutions and banking tools.. Read this infographic to discover how you can turn that dream into reality.