Education Funds
As a parent, you know how important it is to plan for your child's future and to prepare for your child's education, along with the expenses associated with his/her basic and development needs. This planning and preparation will be a big help to your child later in life.
Recently, the birth rate in Hong Kong has steadily declined and parents are more concerned about their children's development and education. Parents may seek to provide higher education or overseas study for their children. Therefore, a well-planned education fund is very important.
Estimated Expense for a Local University
| Name of University |
Study Years |
Annual education expensesfor a standard degree(HK$) |
| University of Hong Kong |
3 |
HK$42,100 |
| Chinese University of Hong Kong |
3 |
HK$42,100 |
| Hong Kong University of Science and Technology |
3 |
HK$42,100 |
| Hong Kong Polytechnic University |
3 |
HK$42,100 |
| City University of Hong Kong |
3 |
HK$42,100 |
| Hong Kong Baptist University |
3 |
HK$42,100 |
Source: 2006-2007 education expenses from related university website
Expense for Boarding School in England (based on 2007/08 average education expenses / UK$1: HK$15)
| Level |
Annual education expenses (3 semesters per year) |
Annual education expenses plus miscellaneous fees |
| P.3 to F.2 |
Around HK$67,500 - HK$82,500 |
Around HK$220,000 - HK$280,000 |
| F.3 to F.7 |
Around HK$75,000 - HK$120,000 |
Around HK$230,000 - HK$380,000 |
Source: Ming Pao "Tactic of study abroad 07/08"
Overseas University Education Expenses
| Country |
Name of University |
Study Years |
Annual education expensesfor a standard degree*(HK$) |
England
|
The London School of Economics and Political Science |
4 |
HK$222,267 - HK$350,237 |
| University College London |
4 |
HK$168,856 - HK$221,121 |
| University of Sheffield |
4 |
HK$146,125 - HK$192,205 |
USA
|
Yale University |
4 |
HK$257,634 |
| Stanford University |
4 |
HK$271,440 |
| University of Chicago |
4 |
HK$265,239 |
Australia
|
University of Melbourne |
4 |
HK$121,280 - HK$343,680 |
| University of Sydney |
4 |
HK$123,187 - HK$163,123 |
| University of Queensland |
4 |
HK$109,120 - HK$226,240 |
Canada
|
University of Waterloo |
4 |
HK$122,626 |
| University of British Columbia |
4 |
HK$123,039 |
| York University |
4 |
HK$106,946 |
Source: Ming Pao "Tactic of study abroad 07/08"
ING Education Funds
| Product |
Features |
Suitable for |
| i.Junior |
 |
Pay up to the age of 18 or a fixed 10-year paid-up plan |
|
Receive a Guaranteed Education Coupon for an education fund or another use at the end of premium payment period |
|
Offers lifetime protection, and purchase any life insurance with no medical exams required |
|
Parents who plan to prepare an education fund for their child |
| Dollar$plus II Rider |
|
Insured age from 1 to 12 |
|
A guaranteed cash amount and a non-guaranteed maturity bonus are payable on the maturity date |
|
Death benefit |
|
Parents who plan to prepare an education fund for their child |
The above information is for reference only. For more product details, please contact our wealth planner or our 24-hour Personal Customer Service Hotline at 3123 3123.
|
Useful Tools
|
