1. Counting The Cost Of
Your Child's Education
Balancing Work and Family Life

2. “With the rise of the information economy and a challenging job
market for young people, education has never been more
important than it is today. Parents know this and they are
willing to go to great lengths to secure the right educational
opportunities for their children.”
Charlie Nunn, Group Head of Wealth Management, HSBC

3. Their Future
is in Your Hands
WHICH IS WHY IT IS SO IMPORTANT TO PLAN AHEAD.
Nurturing your children and providing them with opportunities to
grow comes naturally to you as a parent. From their first steps, right
up to the time they are financially independent, you will never stop
wanting the best for them.
Of course, you want to see your children blossom into capable,
independent, and successful adults. But to achieve this, the one gift
that you must give them is a quality education.


4. THE COST OF EDUCATION
A good education does not come cheap and, once your
children reach university age, the costs just increase.
And if you have more than one child, then of course
these costs are multiplied.
With university costs skyrocketing in recent years, the
onus, now more than ever, is on you to finance your
children’s education.
AS A PARENT, YOU HAVE HIGH HOPES FOR YOUR CHILDREN:
It’s no secret that those with a good secondary education often go on
to achieve a good university degree and as a result are more likely to
become high earners. This said, how can you help place your children
in this advantageous position?
 You want your children’s
future to be bright
 You want them to
receive a good education
 You want them to have
the best opportunities
 You want them to enjoy
successful careers
 You want them to enter
into adulthood without
the burden of massive
debt
Without forward
planning, this valuable
gift can be the cause
of great stress and
hardship.

5. THE HIDDEN COST
In today’s highly competitive job market, more
importance is being placed on our children’s university
choice and degree quality.
Parents across the world are taking this on board and
are willingly investing time and money to help their
children get a better start in life.
Today’s successful professional parent makes personal,
lifestyle & financial sacrifices, forfeiting ‘me time’, giving
up hobbies and reducing leisure activities, all in the
pursuit of their children’s success.
But by taking the time to plan ahead, they can rebalance
their lives while giving the best to their kids.
HOW INTERNATIONAL PARENTS FUND THEIR CHILD’S EDUCATION
74%
Day-to-day
Income
36%
General Savings
& Investments
6%
General
Borrowing
21%
Education Savings
& Investment plan
4%
Inheritance or
other windfall
Source: HSBC Global Report : The Value of Education. Higher and higher.

6. HIGH ASPIRATIONS
Parents are optimistic their children will reach their full
potential and be successful in the future.
Around the world, three-quarters (75%) of parents are
confident their child will have a bright future, while 68%
are confident their child will get a great job and 62% are
confident they will get top grades in their exams.
75%
are confident
their child will
have a bright
future
68%
are confident
their child will
get a
great job
62%
are confident
their child will
get top grades in
their exams
Source: HSBC Global Report : The Value of Education. Higher and higher.

7. MAIN BENEFITS OF A UNIVERSITY EDUCATION ABROAD
From developing soft skills to widening core abilities, parents see a range of benefits to completing a university
education in a different country.
49%
International
Work Experience
43%
Gaining
independence
44%
Increasing
confidence
48%
Exposure to new
experiences,
ideas & cultures

8. WHERE INTERNATIONAL PARENTS WANT THEIR KIDS TO STUDY:
47%
USA
16%
France
40%
Australia
39%
UK
25%
Canada
23%
Germany
14%
Japan

9. STARTING EARLY
Parents are going the extra mile to ensure their children
have a good start in life.
Most parents (71%) started making plans for their child’s
education, and 60% started making funding decisions,
before their child had begun primary education.
Over half (54%) are putting a child through paid for
education, and almost two thirds (63%) are paying for
private tuition or have done so in the past.
60%
of Fee-Paying Parents started
planning their child’s
education funding before
Primary School

10. Fees: Do Your Homework
The cost of a First-Class University can be expensive and vary substantially based on your subject
and location choices.
With numerous options to consider, it can be difficult to judge the exact future cost.
However, failing to plan sufficiently leaves many students in debt before they even start work.
HOW MUCH DOES UNIVERSITY COST?
For Example:
 International undergraduate fees in
the UK range from £10,000 to £35,000
There are no limits to the charges universities
apply to ‘overseas’ students.
WHAT ABOUT SCHOLARSHIPS?
Scholarships for undergraduates are almost
impossible to find any more – the only
scholarship funding is for exceptional
postgraduate student candidates.

11. THE MOST IMPORTANT INVESTMENT DECISION YOU’LL EVER MAKE.
As well as fees, there are several other costs that you need to consider:
For undergraduates, the cost of accommodation alone is estimated to be between P35,000 and P85,000 a year. When
you start adding up additional costs you find yourself looking at P80,000 to P125,000 for each academic year. For a 3-
year course, that adds up to a lot of money – and many technical undergraduate degrees are now 4 years long.
“An Investment
in Knowledge
Pays the
Best Interest”
 Accommodation
 Travel
 Food
 Medical Cover
 Pocket Money
 Books & Equipment

12. Giving your child the very
best start in life is Essential
AND BECAUSE WE CARE ABOUT OUR CLIENTS,
THAT MAKES IT IMPORTANT TO US TOO.
It goes without saying that the earlier you prepare, the
easier it is to meet education costs.
By taking action now you can relax knowing that you have
made the necessary provisions for your children’s future.
Investing in your children’s education is an investment in
their long-term wellbeing.
At SCI we have the tools and the experience to make sure
you can give them an education you feel happy with.
chat to us now at: www.sci.co.bw

13. find out more now at: www.sci.co.bw
International university fees continue to rise above inflation, so it is crucial
that you start your education fees planning sooner rather than later.
This allows more time for growth, ensuring that you have access to the
money you need, when you need it.
Your SCI financial planner will give you all the time you need to talk through
and understand all your options.
We’ll talk about savings and investments plans, perhaps even some
alternatives that you may not have considered, such as pooling resources
with grandparents.
The most important thing is that your education fees plans meet your needs:
 Potential for growth – to make your
money work hard for you,
 Adaptability - to switch and change
how your education savings are
managed
 Efficiency – low cost solutions,
including taking advantage of tax
planning
 Accessibility - to withdraw funds
when you need
 Flexibility - to put a pause on
saving when times are tight, or
add funds after a windfall
 Portability - the ability to make
contributions or take withdrawals
anywhere in the world.
“There’s No
Time Like
the Present”

14. INVESTMENT PLANNING
Guidance on how to:
 Build Wealth - through investing either
once-off or on a regular basis
 Reduce Risks - through diversifying asset
classes and types.
 Build a Portfolio - of liquid assets that can
be used for future challenges
 Preserve Wealth - through investing in
diversified global assets.
SCI Wealth uses high-technology systems to
build our clients secure investment portfolios.
PLANNING FOR CHILDREN
Many professionals were educated
internationally - and have the same ambitions
for their children.
Unfortunately, the opportunities for
scholarship funding are now decreasing, and
borrowing to fund a university education is
expensive.
 SCI Wealth Advisers set up Trust Funds
to ensure children get the education -
and the financial future - they deserve
SCI WEALTH - PRODUCTS & SERVICES
“ putting the right financial plans in place gives your
loved-ones long term security... ”

15. WILL DRAFTING
Drafting your Will is a vital process, requiring
in-depth understanding of your Assets, your
Beneficiaries and your Intentions.
It is especially important to make provision
for minor children or other dependents - in
case you & your Spouse pass away together.
This makes sure your Estate is distributed
impartially and objectively - avoiding any
potential tension amongst family members.
 Every individual should put their
Last Will & Testament in place,
today
Our service includes full consultation,
drafting, signing ceremony & registration with
the Master of the Court.
“ there is a way to secure your future:
it’s called Financial Planning... ”
PROTECTION
It is important to protect your spouse &
children (and your business interests) with life
insurance, but many over-pay for their
protection needs.
Your SCI Wealth Adviser will check:
 Family Protection Needs
 Mortgage or Loan Insurance
 Business & Shareholder Protection
 Key Person Insurance
Keeping these costs to a minimum helps you
grow your wealth.
SCI WEALTH - PRODUCTS & SERVICES

16. Backed up by the team of 20+ professionals, each
Financial Planner and Investment Adviser
provides a full range of wealth advisory services.
We seek first to understand your position -
then advise you on the best course of action
DISCOVERY SESSION
Your first step is a discovery session with a
qualified financial planner, so that you can ask
questions and we can understand your needs.
book through: www.sci.co.bw
THE SCI BOTSWANA ADVISER TEAM
JAMES FERN CFP® KHARMEN WICKS CFP®
KEOLEBOGILE NKWE
TIROYAONE HOWARD
BRIAN MARISA VANESSA MPHATHI

17. We specialise in helping people in Africa invest money,
gain control of their finances and grow their personal
wealth.
We're independent, so we sit by your side - as advisers to
guide you.
We can help you:
 Draft your Last Will & Testament
 Protect your Family and your Business
 Get a better interest return on your Savings
 Set up an Emergency Fund
 Diversify your Investment Assets
 Plan for your Children's Future & Education
 Protect your Assets and Inheritance with a Trust
 Set up a personal Investment Portfolio
 Reduce your Financial Risks
 Retire Successfully
THE SCI WEALTH DIFFERENCE
chat to us now at: www.sci.co.bw

18. FOR MORE INFORMATION
+267 318-0111
advice@scifinancial.com
SCI Group, 129 Kgale Court
Gaborone International Finance Park
PO Box 89AAH, Gaborone, Botswana
www.sci.co.bw
Copyright ©2020 SCI Wealth. All rights reserved. Published in Botswana.