HIGHER EDUCATION FINANCIAL PLANNER

Number of years before child enters college/university    
Duration of the course (years)    
Expected annual percentage rise in the course's tuition fees %    
Expected annual percentage rise in living expenses during the
course's tenure		 %    
Expected rate of return from child's education fund prior to
course's commencement		 %    
       
  Today's Value
RM		   Future Value
RM
       
Expected education/tuition fees per annum*  
Estimated cost of living expenses per annum*  
Estimated total costs p.a. upon commencement of college/university    
Education funds needed for entire college/university education    
       
Amount Needed To Save RM   RM
       
Option 1: Lump sum investment    
Option 2: Regular (monthly) investment    
Option 3: Combination of lump sum and regular (monthly) investments      
Lump sum investment available to invest now    
Monthly investment required    

* Please refer to the tables below.

Average Cost Of Bachelor's Degree Programmes In Malaysia (in USD)
Area Of Study Entire Duration of Programme
Private Colleges 3+0
Foreign Degree Programme		 Foreign Branch Campus
University Degree Programme
(3 Years)		 Malaysia Private University
Degree Programme
(3 Years)
Business 13,000 - 16,500 16,000 - 28,000 10,000 - 13,000
Engineering 15,000 - 17,500
(3 Years - UK)		 24,500 - 46,000
(4 Years - Aust)
(3 Years - UK)		 15,000 - 16,500
(4 Years)
IT 11,200 - 15,000 15,500 - 29,000 11,000 - 14,200
Medicine - 132,000
(5 Years)		 72,500 - 125,000
(5 Years)
Hospitality & Tourism 15,750 - 21,500 - 14,000 - 16,500
Living Cost In Malaysia
Per Annum		 12,000 - 17,000 12,000 - 17,000 12,000 - 17,000

Estimated Average Education Costs Of Bachelor's Degree
Programme In Arts, Business & Science — Fully Overseas
Country Tution Fees Per Annum Living Costs Per Annum
Australia (public) AUD14,000 - 35,000 AUD19,000
Canada (public) CND10,000 - 18,000 CND10,000
New Zealand (public) NZD16,000 - 19,000 NZD12,500
United Kingdom (public) £10,000 £10,000
USA (public) USD21,500 (average) USD14,000
USA (private) USD30,000 (average) USD14,000

Notes:

  1. These costs are for guidance only. Actual education costs should be obtained from the relevant education institutions.
  2. Sources (as at January 2013): www.mohe.gov.my, studylink.com, www.studyinaustralia.gov.au, www.isenz.com, www.collegedata.com and various education-related websites.