As it is the time now that children are starting and returning back to college a lot of families are met again with the financial strain caused by the cost of educating their children. Further to this some families have resorted to taking out a loan to help pay these fees.
For students in college who are living away from home during their time in college the average annual cost ranges from €12,109 - €14,553, with the current average amount in savings being €7,049*.
A regular Savings Plan helps in ensuring that you can provide for your children’s education right through to third level. By planning ahead and putting an amount aside every month you will be in a much better position when comes the time to send your children to school/college.
We have attached below a calculator which gives you an estimate of the amount to set aside each month and to even start with a smaller amount than suggested will be of great benefit to you.
Saving with us will give you a wide range of options and fund choices and will assess your financial situation to ensure you are invested in a plan best suited to your needs.
For further information on our savings and investment products just give us a ring or call in to our office.
*Zurich Life Cost of Education Survey 2021
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