AhSoon 阿順

Education of the next generation is a serious financial undertaking for parents and even the rest of the extended family. I have started to worry about that since our daughter came out three years ago. Our government support the education up to secondary level, we have to dig from our own wallet if the kids want to further their studies in the University.

I started a little saving but I don’t think it can support her few years university fees.I realized that there is a very smart way to cover the cost of a college education, known as a PLUS loans are low interest education loans that allow parents to fund the cost of their child’s education. The interest can go as low as 6.5% and you can borrow up to 100% of the cost of university.

One can apply PLUS loan and have the bank assist them to finance the child’s education. Even if our child is still young, it is always good for us to plan ahead and start saving because time flies and in no time, they are ready for college.

Thankfully these types of financial services are available, and at rates that are actually very good in terms of saving money over the long haul.

P/S This is a Sponsored Post

Permalink