educating a child... how costly can it be!

it's mid-may already, four more weeks to go and inigo is going to school again. i haven't yet enrolled him since i still have two more weeks before the school's deadline and am hoping that the money we saved for his tuition which is still kept in the bank will double before the deadline... joke! :)

we will only send one kindergarten to school, mind you, and yet we can already feel the pinch of educating a child. what more if we're already sending two or three kids, or sending kids to college? i hope we're still able by then.

 

it's  just last week when i saw the facebook post of UST, my alma mater, with a schedule of tuition for the coming school year and i was  shocked that the fee for one semester now is more than php 50k while it was only php 8k during my time--almost seven times the amount my parents paid to send me to college. made a little computation and i figured that by the time inigo studies in college we need at least php 350k for one semester if the rate of tuition increase remains the same for the next twelve years. multiply the amount by eight semesters and we need to spend around php 3 million for inigo's college education alone. we're not yet even talking about the course which my son will get. the php 8k was the tuition in my college, which is AB (or liberal arts in some schools)-- one of the cheapest courses in UST. so how much do you think we should raise since inigo wants to become a pilot or an astronaut? *jitters*

jude was half-joking when he mused that his kids should become varsity members in college so we will be spared from paying for their tuition. hehe. i know it's possible but right now we're pressured to save more for their future. we realized that the pension plans we're paying for annually, which we're hoping to use for inigo and theo's college education, are not enough. they can only send the kids for two semesters and done.

***
oh by the way, it's not only inigo who's back to school this june. jude is seriously planning to enroll in a graduate course on environmental management not only to boost his credentials but also to earn a number of units in order for him to teach again (he was a former high school teacher in don bosco technical institute). so if the time comes that he quits his corporate job we don't need to worry on how we're going to fund the kids' education.