Enrollment Options

On Monday I will be busy enrolling my 2 kids. My girl is an incoming Grade 2 student @ St. Matthew College while my boy is a first-timer student (Nursery) @ Virgen del Pilar School. I’m sure parents like me are already preparing for the expenses that entail our kids’ education – tuition fees, miscellaneous fees, uniforms, books, materials, bags and school shoes. This is the 5^th time for me to handle this occurrence so let me give you some options to consider in outsourcing funds for your kids’ enrollment:

• This option can be handled by those who are religious in budgeting and saving. Set aside every month from the family's income 1/12 of your kids’ education cost.
• Avail of your kids’ school payment options based on your budget. Usually schools offer various terms to parents on tuition and miscellaneous fees. It comes on annual, semi-annual, quarterly and monthly basis.
• If you are a credit card holder and you have a Special Installment Plan (SIP) limit you can apply for a certain promo like this.
• Last option I had in mind is to avail of a personal or cash loan from your credit card providers against your regular credit limit. Usually bank loan offers now ranges from 1%-1.5% and payable within 6, 12, 18 up to 24 months.

** There are other borrowings around but not commendable due to high interest rates and short payment terms.

John Dewey: Education is not preparation for life; education is life itself.