Dh­s1m school fees

That’s how much life­time ed­u­ca­tion costs for a child

7 Days in Dubai - - NEWS - news@7days.ae

It costs fam­i­lies in the UAE al­most Dhs1 mil­lion to ed­u­cate a child.

At least that is ac­cord­ing to a new re­port from Zurich International Life Lim­ited

The life­time ed­u­ca­tion cost for one child is on av­er­age Dhs933,945, ex­clud­ing com­pound in­ter­est rates, and based on the to­tal cost of ed­u­ca­tion of two years at pre-school, six years at pri­mary school, six years at sec­ondary school and three years at a Bri­tish univer­sity.

In the UAE, pre, pri­mary and sec­ondary school costs add up to an av­er­age of Dhs528,390 per child. These costs ex­clude other fees such as the cost of books, trips and uni­forms.

Ad­di­tion­ally, these costs could in­crease by up to 40 per cent for top-tier schools.

“A typ­i­cal fam­ily with two chil­dren could look at spend­ing as much as Dhs2 mil­lion on ed­u­ca­tion,” says Am­rita Sethi, Head of Mar­ket­ing and Com­mu­ni­ca­tion for Zurich International Life, Mid­dle East.

“While some em­ploy­ers in the UAE con­trib­ute to ed­u­ca­tion costs at pri­mary and sec­ondary level, the ma­jor­ity of peo­ple are left hav­ing to pay these costs them­selves, with 70 per cent of par­ents fund­ing their child’s ed­u­ca­tion from day-to-day in­come.”

Ter­tiary ed­u­ca­tion fees dif­fer by coun­try, for ex­am­ple the av­er­age yearly cost of tu­ition in Aus­tralia and Canada is Dhs55,163, while the US has an­nual fees av­er­ag­ing Dhs84,428 per year.

UAE-based uni­ver­si­ties av­er­age Dhs76,492 per year, while in the UK it costs an av­er­age of Dhs57,000 an­nu­ally. In ad­di­tion to up-front costs of ed­u­ca­tion, ba­sic liv­ing ex­penses raise the costs even fur­ther, with ac­com­mo­da­tion, food, util­i­ties, travel and day-to-day liv­ing ex­penses all adding to the bur­den on fam­i­lies.

These ex­tra costs equate to as much as Dhs234,551 for one stu­dent over a three-year UK course, ac­cord­ing to re­search in 2015 by the Univer­sity of Ed­in­burgh.

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