Solving Tuition’s Financial Strain

Written By: Cudy

19th April 2023

cash cent child 1246954 min

It is no secret that the cost of higher education has risen significantly over the past few decades. Even though colleges and universities are often known for being some of the most expensive institutions in Singapore, the burden of rising tuition costs has left many families with a difficult decision to make.

A Growing Problem

Considering how most parents place emphasis on tutoring service to guarantee top-notch results for their child, they’ll not be unfamiliar with the extra financial baggage it brings. According to Channel News Asia (2018), 73% of parents admit to the financial strains that come packaged with tuition.

It comes as no surprise though, as the monthly spending on tuition estimates to a total of $364 per child.

A typical example of how willing parents are to spend extra cash on tuition is, Mrs Teo Lai Fong.

Tuition
Tuition

(Adapted from Channel News Asia, 2018)

Despite the heavy financial responsibility of raising a family with 5 children on a household income of $8,000/month, Mrs Teo Lai Fong believes that tuition is a worthwhile investment to secure her children a spot in a good school. Furthermore, she has plans to send all her children for tutoring service if her budget permits.

This is coherent with the 67% of parents that agree tuition is a sure-cut way to a good school.

But it remains a fact that tuition weighs down on the finance of most households, as seen in the example of Mrs Teo. Is getting one for your children a sustainable solution?

 

Yes, there are great alternatives such as Cudy

At Cudy, we offer online tutoring service in Singapore. We believe that quality learning experience does not have to break the bank. With the ability to find tutors based on reasonable pricing, we aim to provide an enriching experience where income does not hinder learning!

Register now at www.cudy.co!


Written by

Cudy

Cudy is an online marketplace for real-time learning where students can achieve mastery over their subjects by learning live from educators who are passionate about providing the best learning experience for their students.

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