Education Planning

Children Education Fund Calculator

In 2 easy steps, find out the need for savings and living support for your child's university education. Let’s try it now!

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Step 1: Plan for your child’s education

Step 2: Plan for the education fund

Results

Please tell us a little about your plan!

Age

Your child’s current age

8 years old
  • 1
  • 18

Expected age to enter university

18 years old
  • 18
  • 24

Life expectancy should not be lower than desired retirement age, please try again!

The average lifespan for males is 89 years old based on the average life expectancy of Hong Kong residents.

Study destination

Please tell us a little about your plan!

Current savings balance

Expected monthly savings

Expected annual rate of return

%

Please check the following result details.

Well done! You are now on the right track!
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Total education fund saved until your child studies at university

2.5M

Total education fees and living costs Shortfall in education fees and living costs to save Projected 3-year cost for the UK and Australia, and projected 4-year cost for the USA, Hong Kong and Canada.

2M / 2M

Education fees

1.1M

Living costs

1.1M

2,5000 /monthly expense Projected 3-year cost for the UK and Australia, and projected 4-year cost for the USA, Hong Kong and Canada.

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Disclaimer and Important Notes

This webpage is for your information only. Customers must not rely on the information in this webpage alone to enter into any transaction. Customers are recommended to seek professional advisers for specific advice.

Standard Chartered Bank (Hong Kong) Limited (“Standard Chartered”) expressly disclaims all liability for the use or interpretation by others of information contained in this webpage.

The estimated education expense and analysis provided above is for reference only. It is based on the average annual tuition fee of universities and estimated living expenses of various countries and regions, including inflation expectation rate (calculated by taking the average of the inflation rates over 2013-2023 of these various countries and regions). Standard Chartered did not verify and does not make any representation, promise or warranty, express or implied, as to the accuracy, completeness or timeliness of the information. There is no guarantee that such information is accurate as of the date it is published or that it will continue to be accurate in the future. Standard Chartered shall not be responsible for the accuracy of the projections (calculated by the education expense calculator) which may be based on assumptions.

All information shown is for reference purpose only and should not be considered as an offer or solicitation for any of the products or investments mentioned herein. Some of the information in this webpage may contain projections or other forward-looking statements regarding future events or the future financial performance of countries, markets or companies. These statements are only predictions but actual events or results may materially differ. Any opinion or information contained in this webpage is made on a general estimate basis, without any guarantee of accuracy, and should not be relied upon by the reader as advice. Standard Chartered reserves the right to make changes and corrections to its opinions expressed in this webpage at any time, without any prior notice. You are advised to seek independent advice from appropriate professionals (such as accountants, financial consultants or lawyers, etc) before making any decision on the topic(s) mentioned in this webpage.

Sources

  1. Joint University Programmes Admissions System – Tuition Fees for Participating Institutions under the “JUPAS” for 9 Programs, May 2023.
  2. Education First (EF) – Study Abroad Expenses, May 2023.
  3. Based on the relevant information on the websites of various universities and colleges.
  4. World Bank Open Data.

 

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