A guide for expatriates on how to efficiently plan ahead for their children’s future.
This in-depth guide includes:
- As international students, they will pay up to three times more in annual fees than domestic students.
- It is unlikely that they would qualify for access to government sponsored financial student support such as tuition fee loans.
- As British passport holders, it is unlikely that they would be eligible for many of the scholarships and grants that are available to international students studying in the UK.
- Tuition fees and living costs at the top US universities are currently around USD 60,000 (GBP 44,400) per year.
- Few institutions offer financial aid or scholarships to international students. Tuition fees for international students studying at Australian universities are on par with the fees charged in the US.
- Wherever they choose to study, providing the quality education your children deserve could be more affordable than you think if you plan your savings in advance
From when they are born.
- If you didn’t start saving for your children’s education at their birth, it’s not too late, but the sooner you start investing, the less it will cost and the easier it will be, especially if you have more than one child.
- If you have a lump sum to invest now, you could help support your children’s education by investing in a single premium bond.
All the things you need to know
This guide was created by our UK-qualified pension advisers. Our advisers are some of the best in the world and understand the pains of having to plan, invest and save for your family and their future. They have put together this easy-to-follow guide to help and inform all UK expatriates who may have questions about education fee planning.
This guide was last updated in October 2022.