97% of parents want to send their child to university, but only 27% have an education savings.
Parents aspire to give their child the best education, and over half would prefer an education overseas. As a result, many go the extra mile to pay for higher education above everything else.
Find out how much savings you really need for your child's education abroad with our Education Calculator :
Your child's current age
Where will your child study?
Estimated university cost
Age to start university 18 years old
Years left to save
Total monthly saving required RM0
*The estimated university cost is based on data extracted from HSBC's Retail Banking and Wealth Management (RBWM) Report, 2014.
At HSBC, we could potentially offer assistance to help you plan financially for your child's future education and also assist you with your child's financial needs when they are studying abroad.
Visit your nearest branch for a comprehensive review.
The Value of Education report: Understand how the right plan can bring positive outcomes for your child. Download now
Issued by HSBC Bank Malaysia Berhad (Company No. 127776-V). The above information is for illustration only and is based on your data input, including the following assumptions which are used to compute your monthly contributions and total savings achieved: 1. All savings and gains remain invested until child is 18 years old. 2. University cost is based on an inflation rate of 3% per annum. 3. Annual rate of returns on savings/investments is at 5% per annum. Reproduced with permission from The Value of Education Foundations for the future (Malaysia report), published in 2017 by HSBC Holdings plc.