Education Savings Calculator

Course of Study intended for Child

What do you want to provide for Child (Tuition/Living)

How many years before Child enters University?

years

Interest rates on your Savings Plan

Interest % p.a.

This Caluculator is for university education in Singapore.
Medicine study is more expensive than non-medicine courses.
The Calculator assumes a 5-yr course for Medicine study and 4-yr course for Non-medicine study.
The cost of university education can be divided into 2 parts; Tuition fees and Living expenses.
- The current Tuition fee for medicine course is estimated at $23,000 p.a. and $9,700 p.a. for Non-Medicine.
- The amount of Living expenses ($12,400 p.a.) is subjective as it depends on the parent’s affordability
The Calculator assumes Tuition fee increases at 6% p.a. and Living Expenses at 3% p.a.
If you intend to use Endowment policy to meeting your Savings goal, please use 3% as a guide.
Most Endowment policies require a minimum Savings period of 8 to 10 years.