Education Planning

Education Planning

If you have children or plan to in the future, it's never too early to talk to Somerset Asset Management and begin preparing for the cost of funding higher education. It's not just the college fees that can be exorbitant; there are the daily living expenses for food, clothes, books, and accommodation to consider.

For many families, putting a child into higher education is one of the biggest expenses they will face in their lifetimes, especially if there is more than one child.

Balancing the need to maintain your lifestyle and ensure a comfortable retirement with the cost of providing your children with further education can be challenging. Somerset Asset Management helps you find a practical path through these complexities and develop a clear plan that addresses your family's needs.

Rising Cost of Education

The cost of higher education has been steadily increasing worldwide, and with many students choosing to study abroad, costs only increase, making early planning more important than ever.

Investing in education is often worthwhile, as graduates typically have access to better career opportunities and higher earning potential over their lifetimes than those who didn't attend college or university.

However, the financial burden of giving your children the best start in life can become overwhelming without proper planning.

How We Can Help

Somerset Asset Management can help you explore the best ways of investing the money you've already saved or show you how you can set enough aside for expenses. We work with you to develop a personal strategy that works for your family and the time you have until your children are old enough to attend further education.

We can help you answer questions such as:

1. How much will the total education costs be when the time comes?

   Based on where you anticipate your children attending (close-to-home or prestigious international institution) and looking at current costs plus factoring in how fast prices have increased, we can help you gain at least a ballpark figure for the expected expenditure.

2. How much do I need to save to meet these costs?

   We'll help you work out the amount you need to invest or set aside monthly, quarterly, or yearly after considering factors such as inflation and increases in education costs.

3. How will my assets be invested?

   Depending on how long you have until your children depart on their academic adventure, we'll construct an investment plan to grow your education fund while managing risk using diversified assets.

Start Planning Now

Starting early to save for education costs, even when children are very young, helps you manage the financial burden over time while allowing investments to grow significantly.

The time to plan for your children's education is now, as what currently feels like the distant future will pass in the blink of an eye, so let us help you create a solid plan to ensure you're prepared for when the time comes.