We all want the best for our children. This includes a quality education at a reputable university.
Being expats living abroad, or as some like to be called ‘global citizens’, the world is your oyster, and your children will more than likely attend a university abroad. This will of course lead to you paying international tuition fees for their studies. Because you live abroad, you might no longer be eligible for cheaper education back in your home country.
This quality education does come at a premium though. Can you afford to send your children to the best schools?
Fees could end up in the hundreds of thousands. Remember to include admin fees, tuition fees, textbook fees, accommodation and transport fees, membership fees and general living expenses.
Below are the 2022 average tuition fees for a year of undergraduate studies at the top universities in Middle East/Asia compared to the rest of the world. *
International student fees
|
University |
Global ranking |
Tuition costs per annum for a business degree |
|
Massachusetts Institute of Technology (MIT) - USA |
1 |
$53 000 (before aid) |
|
Oxford University - UK |
2 |
$38 000 |
|
Cambridge University |
3 |
$31 130 |
|
Harvard University |
5 |
$54 000 (before aid) |
|
ETH Zurich – Swiss Federal institute of Technology |
8 |
$1 600 |
|
National University of Singapore (English) |
11 |
$20 550 |
|
Peking University – Beijing (English courses for international students) |
18 |
$4 659 |
|
22 |
$21 940 |
|
|
The University of Sydney |
38 |
$33 000 |
|
Universiti Malaya – Kuala Lumpur (English) |
65 |
$10 582 |
|
University of Auckland - NZ |
85 |
$27 500 |
|
King Abdulaziz University - Jedda |
109 |
Small admin fee required |
|
Indian Institute of Technology Bombay (English) |
177 |
$4 056 |
|
Khalifa University – Aby Dhabi |
183 |
No fees if scholarship |
|
Qatar University Doha |
224 |
$19 800 |
If these costs are daunting or you don’t want to eat into your disposable income, you might need to invest in an education savings plan if your children are still small so you can ensure they can attend any school or university they so desire. Chat to your financial adviser about starting an education plan to ensure your children’s future education. [email protected]
*topuniversities.com
Please note, the above is for education purposes only and does not constitute advice. You should always contact your deVere Acuma adviser for a personal consultation.
* No liability can be accepted for any actions taken or refrained from being taken, as a result of reading the above.