First Term School Holidays & University Hunting

Today is the last day of school for the first term and the week long school holidays begins. But this school holidays ain’t a holiday for me.   Alycia has to be in school for three days from Saturday through Monday from 8 a.m. to 5 p.m. (until 6 p.m. on Sunday) for her drama club camp and the hubs and I have to take turns doing school runs, even on Sunday!   I was looking forward to sleep ins during the holidays but it turns out I have to do even more as the transporter is off duty during the school holidays😩

Guess what I’ve been up to for the past few days?

I’ve been researching local private universities for Alycia 😁  I know she’s only going to sit for her SPM next year. But I’m just being me – super excited that my first born will be going to college / university in less than two years and I can’t help but to find out what her pre-university options are.

UEC (Form 6), Foundation, Matriculation, A-Levels, SAM, MUFY (Monash University Foundation Year), IB, ADP, Diploma…. just which one will Alycia choose / be eligible to?

Cost is the main determining factor on which college / university we will settle on. And of course, on Alycia’s SPM results.

I am very keen on a 3+0 degree program in Monash University (ranked top 10 in Australia, 59th in the world) – Malaysia campus and so is Alycia but the cost is O.M.G.!  We have 2 other children to plan for of as well.

With Monash, we will have to fork out a minimum of RM150,000 for 1 – 1.5 years of Foundation and 3 years of degree program, all done locally, excluding cost of accommodation in campus.  This amount will be an additional >RM50,000 should Alycia decide to study another year for the Honours.

My other options are Sunway University and Taylors University.  God willing, if Alycia does well in her SPM, she will be able to do her one year pre-university (UEC) in her current high school, which only costs about RM600 a month, excluding books and other miscellaneous fees. This will give us a savings of at least RM10,000, which is quite a bit.  A-Levels costs at least RM25k in better quality colleges/universities.

By this year end, I can only imagine Alycia and I visiting education fairs and me being the CFO, doing a lot of calculations 🤪

With 3 kids going to university that will cost over RM600k, I wonder whether we will be left with any savings to enjoy our so-called dream retirement of traveling the world 😱  For this reason, I keep telling the hubs that he has to continue running his catering business until he is AT LEAST 70 years old, so that we can travel the world and enjoy our sunset years.  It also doesn’t make sense to stop working altogether now that we’re no longer considered “old” in our 60s or 70s and are still physically capable of making money. In fact, it would be a disadvantage to stop working as that would give rise to cognitive decline. Just look at our dear prime minister!

I am just wondering, do you have a plan to save a certain amount of money every month for your kids’ college and university funds? I am also very interested to know where you intend to send your kids for tertiary education and the costs involved.  Any comments will be much appreciated  ☺️

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