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標題: An irrelevant question on school fees vs family income [打印本頁]
作者: minirat 時間: 12-12-4 16:46 標題: An irrelevant question on school fees vs family income
本帖最後由 minirat 於 12-12-4 18:47 編輯
Hi, apparently paying HK$10K per month or more for kid's education is quite a "market price" for IS now but come to think of it, it's actually ridiculously expensive, even though it's within the affordability for many families here. A curious question. What % proportion of these 2 elements is considered reasonable in your perspective?
作者: hellokids 時間: 12-12-4 17:33
It's rather on the personal value. I know someone living in an apartment with monthly rent of 50k but doesn't feel worth for school fee of around 3k for his kid.
作者: minirat 時間: 12-12-4 18:12
本帖最後由 minirat 於 12-12-4 18:24 編輯
回復 hellokids 的帖子
I understand where you are coming from. I also know parents who are willing to send their kids to IS with family income of HK$30K. Hence I am curious how different people view and value it.
作者: Jane1983 時間: 12-12-4 18:36
一 commit左，就系12年的責任，負擔問題真系要想清楚。
作者: chwmama313 時間: 12-12-4 18:52
I roughly calculated that it will cost around HK$2m from kindergarten to secondary school! Add a further HK$1m if we send my boy to overseas Uni. Really a lot of money!!!
作者: HKTHK 時間: 12-12-4 22:20
回復 chwmama313 的帖子
In current money, yes but with inflation, the actual amount will be much larger. Probably more like HK$2.5mil assuming 6% inflation. And for university, I think a more reasonable number, even in today's money, will be more like HK$400k-500k/year.
作者: martie 時間: 12-12-5 00:07
回復 minirat 的帖子
To me, I believe education is very important. I would prepare to pay my kid's education no less than my rental.
作者: poonseelai 時間: 12-12-5 00:15
回復 chwmama313 的帖子
x 2 for me 
作者: 21Ckid 時間: 12-12-5 02:03
ISF put the "poverty line" for 2 kids studying there at $77,000 per month, below which you can apply for financial aid. Honestly, if you still have mortgage to pay and need to save up for overseas tuitions later, anything less than $100,000 per month will be stretching your means to the limit.
作者: mamavee 時間: 12-12-5 16:15 標題: 引用：ISF+put+the+"poverty+line"+for+2+kids+st
原帖由 21Ckid 於 12-12-05 發表
ISF put the "poverty line" for 2 kids studying there at $77,000 per month, below which you can apply ...
作者: Jane1983 時間: 12-12-5 16:29
mamavee 發表於 12-12-5 16:15 
77000 poverty line
條poverty line系幾好笑，不過個admission officer 講明個資助申請系決定左收吳收小朋友之后先辦，所以無歧視成份
作者: mamavee 時間: 12-12-5 16:48 標題: 回覆：An irrelevant question on school fees vs family income
本帖最後由 mamavee 於 16-1-13 08:52 編輯
What's the net school fee for one kid studying there per month ?
作者: HKTHK 時間: 12-12-5 16:50
回復 21Ckid 的帖子
Unfortunately, $77000 in HK really isn't that much these days. After paying for income tax, this income is only enough to pay the monthly rent of a 1600 sq ft apartment in Bel-Air! With no money leftover for food, education, clothes, ......
作者: chukuen 時間: 12-12-5 19:20
For my case I spend around 20% of our family income to send my girl to IS. That's why we only can have 1 child....
作者: Mom2One 時間: 12-12-5 19:27
School considerations is also the reason we have only one child - but not because of costs - but because I really can't face the stress of having to get another child into primary school!
作者: FattyDaddy 時間: 12-12-5 22:10
HKTHK 發表於 12-12-5 16:50
only enough to pay the monthly rent of a 1600 sq ft apartment in Bel-Air! ...
This $77,000 poverty line thing, I wonder if ISF actually check the applicant's family bank statements as part of the admission process, and if so would they categorically reject all applicants below the poverty line in order to protect the profitability of the school. Surely they wouldn't want too many students applying for financial aid.
作者: poonseelai 時間: 12-12-5 22:22
FattyDaddy 發表於 12-12-5 22:10
Haha, a 1600 sq ft Bel-Air apartment is a bit extreme
This $77,000 poverty line thing, I wo ...
I think ISF, as well as other private schools/DSS, is required to retain a certain portion of school fees as scholarship/financial assisance for students. So it cannot keep all fees received la.
作者: 21Ckid 時間: 12-12-5 23:50
It is an open secret that most sort after schools (LS or IS) (exclude esf which are non-selective) vet parents' background for entry grade students (aged 3-5), by looking at address, occupation etc. And for the 2 top LS/IS (st paul co-ed and CIS), they basically interview parents, and it will be extremely lucky for those not with prominent background to get into their entry grade form.
作者: minirat 時間: 12-12-6 08:44 標題: 回覆：Jane1983 的帖子
Why is it only 12 years? I counted at least 20 years from PN to Uni!
作者: minirat 時間: 12-12-6 10:23
21Ckid 發表於 12-12-5 02:03
ISF put the "poverty line" for 2 kids studying there at $77,000 per month, below which you can apply ...
Agree. Apart from mortgage and money aside for studying aboard, saving up for retirement is also realistically important. And while splurging on education, we need to maintain satisfactory level of quality of life. Hence personally I think maintaining education expenditure under 10% of family income is acceptable.
作者: minirat 時間: 12-12-6 10:27
FattyDaddy 發表於 12-12-5 22:10
Haha, a 1600 sq ft Bel-Air apartment is a bit extreme
This $77,000 poverty line thing, I wo ...
Agree 1600 sqft Bel-Air apartment is extreme scenario, haaa!
Personally I find the HK$77K poverty line unbelievable!
作者: Shootastar 時間: 12-12-6 11:43
本帖最後由 Shootastar 於 12-12-6 11:59 編輯
If it is too stretched to one's financial position to put the kid in an IS since primary school, I feel it is not a bad idea that the kid studies at a primary LS. Whether to send the kid to an IS for secondary education would depend on one's financial posiition. If it is still stretched, one may consider putting the kid to take the IB program offered by local schools. Alternatively, he can save the money for the kid's tertiary education overseas.
There are many good primary schools in each district.
作者: minirat 時間: 12-12-6 11:56
Shootastar 發表於 12-12-6 11:43
If it is too stretched to one's financial position to put the kid in an IS since primary school, I f ...
I think many are concerned that the competitiveness of IS now does not allow one to be admitted halfway, ie. seconday school. I share your views that one should not be struggling financially to send the kids to IS. Education is important but not everything of the whole family. For many people in our generation, we went through the traditional LS and studied aboard for tertiary education. That could be an option. Having said that, that does not help to skip the torturing process of getting into elite LS. I believe there is one of the reasons why many opted for IS over LS.
作者: HKTHK 時間: 12-12-6 12:04
回復 minirat 的帖子
I was trying to point out an extreme scenario! But I think also an indication of how ridiculous the prices of real estates are in HK. While some complains about the cost of education, the price for 3 sq ft in a house at the Peak ( 3 X HK$35,000/sq ft) is enough to pay for one year's tuition. Three Square Feet! So for all of one child's education cost, it will be less expensive than a kitchen 
作者: HKTHK 時間: 12-12-6 12:05
本帖最後由 HKTHK 於 12-12-6 12:15 編輯
回復 minirat 的帖子
I am really not sure IS is all that easier to get in than LS these days
作者: Shootastar 時間: 12-12-6 12:20
回復 minirat 的帖子
If finance is not a problem, then we will have the luxury of making a choice. My suggestion is for those who feel it is a financial burden to put the kids to study IS since primary school.
I agree with you that it is difficult to put the kids in an international school half way through. However, I understand that it is a matter of waiting. If you put your kid in the waiting list of different IS, there is still chance that the kids may be admitted. Some of the students may study overseas after Grade 8 or Grade 9. Personally, I had known 3 friends who had successfully placed their kids to CIS, ESF and HKIS at Grade 9. So it is not impossible that the kids may be admitted half way.
Regarding the local elite schools such as DGS, DBS or St. Paul coed, the competition is also very fierce. However, it would not be the end of the day if your kids are not admitted by those elite schools. There are a number of good district schools. So long as you keep your kids in the right track, there are ample opportunities for them to study in a good secondary school or IS. Hope is always here. The most important fact is the we can know how to handle our kids future.
作者: minirat 時間: 12-12-6 12:25
回復 HKTHK 的帖子
I am sure no one will object to your statement about the ridiculous property prices in HK! Your quote "So for all of one child's education cost, it will be less expensive than a kitchen" is funny but sad at the same time. Nevertheless if we choose to stay in HK, we just have to live with it. So we have to be "calculative" in terms of providing a shelter for the family as well as choosing the right education for our children, including the financial considerations of coz. An all-time struggle for the middle class.
作者: minirat 時間: 12-12-6 12:28
本帖最後由 minirat 於 12-12-6 12:43 編輯
HKTHK 發表於 12-12-6 12:05
回復 minirat 的帖子
I am really not sure IS is all that easier to get in than LS these days
I share your views that getting into IS is probably equally painful now, just that the strategies are different. Anyway this is just one of the few reasons why we choose IS over LS. And it might not be easy to secure a spot in IS, but studying in IS is definitely less hectic. This is also another big concern. Personally I don't believe in drowning a kid with lots of homeworks and preparing him/her with many different certificates, kind of education. Of coz I don't want to help with homeworks too, haaa!
作者: minirat 時間: 12-12-6 12:33
本帖最後由 minirat 於 12-12-6 12:39 編輯
Shootastar 發表於 12-12-6 12:20
回復 minirat 的帖子
If finance is not a problem, then we will have the luxury of making a choice. M ...
Thanks for the information. When you said "queue", do you mean the queue on the waiting list? Honestly I am still exploring the options myself. I am aiming SIS, and I am Singaporean. I know we have priority but maybe not guarenteed spot, so I have to think of backup plans.
Finance is always a concern for middle class like us. Maybe not a problem as yet, but we do need to think ahead, since we do not come from rich family, and solely on our own. And the question whether it is necessary to spend that kind of money on education keeps popping into my mind.
作者: HKTHK 時間: 12-12-6 12:44
回復 minirat 的帖子
It is both shocking and sad. While there are still plenty of distasteful display of wealth, it is not as bad as China and some SE Asia countries.
As parents, I think it is our job to provide for the kids. And often times, it is not really the school but the upbringing that one gave them at home that matters in the end.
作者: shadeslayer 時間: 12-12-6 13:20 標題: 引用：回復+minirat+的帖子
If+finance+is+not+a
原帖由 Shootastar 於 12-12-06 發表
回復 minirat 的帖子
If finance is not a problem, then we will have the luxury of making a choice. M ...
Xxxxxxxx
Of course there is still chance IF the child is prepared. I know several cases personally where LS students failed IS English test. I also know a case where IS student failed English test of another IS in more than one year.
As with LS, not all IS were created equal. Some new ones are easier to get in but does it worth the risk.
After all, we strive to find the best education for our children. If I have a choice of a decent LS vs a mediocre IS, I know what my answer is.
Having said this, some good IS have one additional class at year 7, increasing chances to get in.
作者: minirat 時間: 12-12-6 14:11
回復 HKTHK 的帖子
I couldn't agree more. Education is just one of the many things we need and can provide for our children. Love is priceless and "free"!
作者: Shootastar 時間: 12-12-6 14:42
本帖最後由 Shootastar 於 12-12-6 14:54 編輯
回復 shadeslayer 的帖子
That is true. That is why I said "if you put your child in the right track (including keeping up his English standard), there are ample opportunities for them to study in a good secondary school or ISo go into IS".
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