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Child Education Calculator


Nugrahan - Medical, Dentistry, Pharmacy and Engineering Degrees

What is the age of your child now? (Required)   


How many years until your child enters university? (Required)   


Select the type of University to send your child to:

Local Public Universities
RM 24,390 (Tuition Fees: RM 4,890 / Living Expenses: RM 19,500) or…

Local Private Universities
RM 68,520 (Tuition Fees: RM 45,520 / Living Expenses: RM 26,000) or…

Government-Sponsored College
RM 51,390 (Tuition Fees: RM 31,890 / Living Expenses: RM 19,500)
…or any of the following Twinning Programmes…
  
AUS Australia Twinning A$70,500
  
CAN Canada Twinning C$51,500
  
NZ New Zealand Twinning NZ$84,500
  
US United States of America Twinning US$69,500
  
UK United Kingdom Twinning UK£ 47,500
…or consider Studying Abroad in any of the following countries…
  
AUS Australia A$108,000
  
CAN Canada C$84,000
  
JAP Japan ¥16,000,000
  
NZ New Zealand NZ$124,000
  
US United States of America US$100,000
  
UK United Kingdom UK£72,000
Total cost of chosen type of education
(edit this figure if you already have the total cost in mind)

  
Current Exchange Rate (Please enter 1 if currency is in RM)
Check latest rate here

  
Total education cost in today’s Ringgit

  
Estimated college inflation rate (Historical college fee inflation rate is 5%)

  
%
Total education cost in future Ringgit (after taking into account inflation)

  
Estimated rate of return on investment
(Benchmark: Aggressive(12%), Moderate(9%), Conservative:(7%)

  
%


Savings required


  
Yearly
           or
  
Monthly
           or
  
One Lump Sum



Disclaimer:
This education fund calculator is provided only as an illustrative guide. Actual figures might vary according to various factors not taken into account.

For example, if your child treat his studies abroad like a vacation or a holiday getaway, you might need to re-adjust the amount needed to fund his education, or better yet, consider not sending him abroad. In another case, your kid might be sensible enough to be working part-time while studying to ease your burden (now, that’s one good kid and a pretty good return on investment in the next 5 years to come)

Please use this tool only as a guide, not a definitive approach.

Find out how Meshio Planner can help you to finance your child’s education planning

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