Wednesday, August 24, 2016

Hot topic #23: Forget about the Olympics – the big news item this week is the CAO offers

Forget about the Olympics – the big news item this week is the CAO offers …

Have you a child starting school next week or returning to Primary education? 
Everyone wants to give their children a good start in life, and in today’s competitive environment, a degree or professional qualification can be the key to a rewarding career. 
Now is the time to start planning for their 3rd level education.
But don’t delay! You should start building this educational fund as soon as possible. This will spread the cost over the longest possible period – and give you the maximum opportunity to benefit from potential investment growth. These factors will reduce the amount you need to set aside each year – and might make it more affordable.      
There are three main ways in which you can pre-fund the cost of education – and the most appropriate one for you will depend on your personal circumstances, and how soon the fees will be required:
·       • A capital sum can be invested now
·       •  Regular savings can be set aside out of income and invested
·      •  A combination of a capital sum and regular savings can be arranged.     

The monthly costs incurred by the average student in 2015/2016 were estimated to be: 

Cost of living at home
Cost of living away from home


Parental Subsidy

Student Contribution Charge

Subsistence - Food & Travel

Books & Class Materials

Personal - Clothing, Toiletries



Source: Dublin Institute of Technology, 2016. Please note that these are MONTHLY costs

*€372 figure is mean of single room rent in Dublin

Need help with planning ahead ... call Michael on 086 8440541 or email for further information.
Michael Keville T/A MK Financial is regulated by the Central Bank of Ireland


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