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Education Planning

Invest in your child’s future

Saving for education is one of the most worthwhile things you can do for your child, but it can be challenging if you don’t know where or how to start.

With this in mind, your financial planner can help you set your savings goal to plan your savings journey.

Other ways to save for your child’s education is to invest online in our tax-free savings product or unit trusts.

Cost Comparison

Get a view of the cost of tertiary education.

Education Calculator

Calculate how much you need to invest.

Education Planning

Start saving for your child’s education.

Get Advice

Talk to a professional financial planner.

More than 51% of youth aged 18-24 claimed that they did not have the financial means to pay for their tuition.

More than 51% of youth aged 18-24 claimed that they did not have the financial means to pay for their tuition.

Compare 2024 Education Costs

To get a view of tuition and residence costs at different tertiary institutions, select the course and indicate whether it should include residence.

Note that the fees in the graph below are based on 2024 costs for one year of study.
Course
Fees

Education Calculator

Not sure how much to save for your children’s education?

Whether your child is two years old or about to go to high school, it’s never too early or too late to start saving for tertiary education. Find out how much you need to invest to secure your child’s future.

First child

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Second child

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Third child

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Four child

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Five child

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Current savings

You will need to save per month to cover the approximate R40 000 cost per year for a 3 year degree.

Disclaimer: These values are determined using projections based on assumptions about uncertain future outcomes and are not guaranteed. Actual future values will depend on the actual amounts invested and the experience of the selected investment portfolios with regards to investment returns, fees and taxes. This will impact your ability to reach your goals and it is therefore important to review your education plan regularly.

Taking your additional investments into account, you will need to save per month until your youngest child is 18 in order to cover the approximate annual education cost of

Disclaimer: These values are determined using projections based on assumptions about uncertain future outcomes and are not guaranteed. Actual future values will depend on the actual amounts invested and the experience of the selected investment portfolios with regards to investment returns, fees and taxes. This will impact your ability to reach your goals and it is therefore important to review your education plan regularly.

Education Planning

It’s important that you set your savings goal for your child’s education and plan your savings journey with your financial planner.

Your challenges

  • Predicting the future cost of fees
  • Working out how much to save every month, taking inflation into account
  • Constantly reviewing your progress
  • Adjusting payments to make sure you stay on track

How to achieve your savings goals

  1. Arrange a meeting with your financial planner
  2. Set your savings goal
  3. Keep up to date by requesting a progress report at any time
  4. Receive feedback and recommendations each year with your annual review
  5. Achieve your savings goal

How a financial planner can help you

  • Your financial planner will help you calculate the cost of your child’s future education
  • Your financial planner will also help you work out a savings plan you can afford
  • It’s important to review your goal every year and check if you’re still on track to reach your goal amount
  • You can also adjust your goal amount and monthly payments if your circumstances change. If so, you will be able to see the impact this could have on your end goal.
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