Gulf News published an article on the rising cost of college education and different means of payment. Souqalmal CEO and Founder Ambareen Musa commented on the same.
Ambareen Musa, Founder and CEO of price comparison website Souqalmal.com, cites the 2016 HSBC Value of Education report, which places the average cost of an undergraduate degree in the UAE for domestic students (including the cost of living and tuition fees) at $95,731 (Dh351,615).
Considering those high costs, parents need to consider to plan and save for the child’s future career growth. “Since school fees can be rather expensive, parents may find it difficult to save enough for universities in the UAE or abroad,” Musa says. “And as more expats are staying in the UAE for longer periods, taking an education loan has been gaining popularity.”
For full article go to Gulf News