EDUCATION SAVINGS
EDUCATION SAVINGS
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- Savings products intended for education expenditures.
- Installment savings with higher interest rate which shall be held or locked for a minimum period of five (5) years.
A healthy college savings fund may make it possible for your child to attend the school of his or her choice.
Time and consistency are your greatest allies. Begin saving early and invest on a regular basis. Start your child’s journey now. Ensure a better future through better education.Start your college savings today. Visit any AGDAO COOP branch to get started.
Download Education Savings Form
Savings for education costs
Factors To Consider In College Planning
Step 1: Calculate how much tuition will be needed to send your child to college.
Decide which university you would like to send your child to.
Step 2: Calculate what the other expenses are during the application process and during the college years.
Aside from tuition, consider the following expenses in preparation for college – admission examination fees times the number of universities your child is applying to, travel expenses, airfare for those coming from the provinces, gasoline, meals, and lodging. You might even consider enrolling the child to an entrance exam tutorial to increase the chances of admission to preferred schools.
Step 3: Fund the education gap.
To address the gap, how do you go about it? Saving for your child’s education requires a financial commitment over a fixed term. For instance, a newly born child will go to college 16 years from now. Therefore, the appropriate financial instruments or investments you select should be based on the number of years before the money is needed to maximize the return or value of the money invested that will eventually finance the costs of education.