In today’s Sunday Times, the personal career adviser gave a 19-year-old girl this answer: go for Cambridge.
However, it won’t be an easy decision for the girl, as “it would be an extremely heavy financial burden” on her family.
- Tuition fees. This depends on the type of course taken up, and can range from about S$27,500 to a whopping S$66,500 per year. For the girl, who intends to study natural science, it will cost her family about S$36,000 per year in tuition fees.
- College fees. This depends on the college (there are 31 colleges in Cambridge). The fees can range from S$10,000 to S$13,500 per year.
- Living expenses. It is estimated that living expenses will set a student back by S$20,500 to S$24,000 per year.
So, assuming that the girl is going to spend 3 years at Cambridge, it will cost her family around $200k (in Singapore dollars) for her entire Cambridge education.
This is a huge sum of money by most standards.