And that’s just up until the end of high school…
A new study has shown that the average cost of putting a child through pre-primary, primary and secondary school in the UAE is now Dhs528,486. Yes, that’s per person.
This amount does not include extra costs involved in education either – and we all know these add up: things like books, trips, uniforms and after-school activities.
Add in the cost of three years at a British university (as an example) and your cost per child then goes up to Dhs938,599.
(We best start saving.)
The research has discovered that 64% of parents are willing to go into debt to fund their child’s education.
The study comes from Zurich Middle East, an insurance company. They also did a survey to find out what the most popular university degree areas were for children in the UAE – and they found that they were medicine, computer science, business and management, finance and accounting, and engineering.
Here are the average fees for those courses (for universities in the US and UK, which is where many children go onto from high school in the UAE):
Worried about funding your little one’s education? Zurich has a savings calculator here where you can figure out how much you’ll need to save.