An investment in your child’s education can help realise your their full potential, providing a legacy for their personal development and growth.
The recent Value of Education report released by HSBC* highlights some interesting but startling facts:
- 64% of parents would be willing to get into debt to fund their child’s university or college education
- 41% of parents think that funding their child’s education is more important than contributing to their own retirement savings
- 22% of parents say that their child’s education is the financial commitment they would be least likely to sacrifice, if they had to cut back on their financial outgoings.
These statistics make a very important point – that most parents are willing to go to any lengths to fund their child’s higher education.