What is the cost of education?
What type of education institution – public or private?
What are the effects of inflation?
Estimated cost of education today *
Medicine (RM) | Engineering (RM) | Law (RM) | Business (RM) | IT (RM) | |
Local | |||||
Public | 12,710 | 8,550 | 7,740 | 7,560 | 9,040 |
Private | 255,400 | 66,000 | 62,040 | 43,560 | 49,610 |
Abroad | |||||
Singapore | 326,822 | 92,709 | 88,788 | 78,923 | 92,709 |
US | 641,351 | 473,432 | 233,324 | 233,324 | 473,432 |
UK | 669,685 | 283,365 | 273,771 | 366,939 | 288,180 |
Australia | 725,619 | 303,194 | 274,770 | 187,956 | 212,473 |
It is important to determine how much money you will need to support your child’s tertiary education, whether it is to be pursued locally or abroad. You will then have a clearer idea of how much you need to save.
Recommended solutions | Core benefits |
Sun EduSmart |
A unique non-participating endowment plan that provides:
For more information, please click here
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Dual Currency Investment What is it? This solution lets you invest in two major currencies of your choice Click here to view the product disclaimer |
Gives you an opportunity to convert your investment currency to an alternate currency of your choice at a specific pre-agreed conversion rate, while earning yield. Suitable for investors who may have a potential need for the alternate currency, such as planning for a child's overseas education. |
Unit Trust |
A convenient way to gain exposure into professionally managed investment opportunities ranging from local to regional or global markets, which can potentially bring you higher returns compared to traditional deposits. |
ASNB Variables Priced Funds |
Open ended equity funds that aim to provide you with a reasonable dividend yield as well as capital appreciation through investments in Malaysian equities, fixed income securities and money market instruments. The funds are managed by Amanah Saham Nasional Berhad (ASNB), a wholly owned subsidiary of Permodalan Nasional Berhad (PNB). |
YOUth Savers Account |
Passbook-based savings account for children aged 12 years and below |
Remittance (Kids Abroad) | Enjoy Preferential rates when you call our Preferred Call Centre to remit funds to your child in Australia or the UK. |
Speak to us about how we can help youFor assistance, please contact your Relationship Manager, call our CIMB Preferred Call Centre, visit us at a branch nearest to you, or write to us to schedule an appointment. |
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