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Application Instructions
Child's age
Your child's age today. The application assumes that your savings begin today.
 
University start age
The age at which your child will start his/her studies. This is when your obligations to pay tuition, rent, general cost of living, etc. begin.
 
Years of University
The number of years you expect your child's studies to last.
 
Cost per year
The current annual cost of studies you estimate including tuition, rent and general cost of living. The application takes into account the rate of inflation you set, to show you the change in the actual annual cost at the start of studies and during the course of studies.
If you want, you can choose one of the countries shown in the list to retain the indicative cost shown.
 
Inflation
The rate of inflation you expect.
 
Current savings
The amount you have already set aside for your child's studies.
 
Planned monthly savings
The amount you are able to set aside for monthly savings. The application takes into account this amount and any current savings, investing them with the average annual rate of return you specify. The calculation is made on the assumption that the monthly savings will continue until the end of your child's studies.
 
% cost to be funded by savings
The percentage of the annual cost of studies you want to finance. This percentage can be adjusted to suit your needs. For example, if your child works while studying, his/her income may cover part of the overall cost. You can cover the remainder (e.g. 70%). You can do the same if you know that there will be financial support from a relative who will cover part of the expenses.
 
Annual rate of return
The estimated average annual return on savings.
 
Assumptions
1. The cost of studies incorporates the rate of inflation you set and includes tuition, rent, and the general cost of living per year.
 
2. Monthly payments continue until your child finishes his/her studies.
 
3. Indicative annual return:
 
Average annual return Based on investments in...
2 - 4 % Deposit accounts, Money Market mutual funds, etc.
4 - 7 % Balanced mutual funds (bonds, equities and MM products)
7 - 10 % Mutual funds with high level of equity exposure.
UCITS DO NOT HAVE A GUARANTEED RETURN AND PREVIOUS PERFORMANCE DOES NOT GUARANTEE FUTURE RETURNS.
WHERE THERE ARE DISCREPANCIES BETWEEN THE GREEK AND ENGLISH TEXT THE GREEK TEXT SHALL TAKE PRECEDENCE