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Bitrix24 Education fund · college · ₱
Education fund calculator Philippines — what college will cost and what to save each month
Short answer. Put in today's yearly tuition and fees, the allowance, books and transport, the years until college, the increase you expect and the years of the course: you see the first college year and the whole course in future pesos, and the amount to save each month from now. Free tuition: filipino students in SUCs and LUCs are exempt from tuition and other school fees, if they meet admission and retention requirements (RA 10931, s. 4).
- Review the plan and the tuition with the school — once a yeartype the date
- Check admission tests of state universities (free tuition, RA 10931)type the date
Check your own case.
RA 10931: qualified students in state and local universities and colleges pay no tuition and other school fees.
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Education fund · college · ₱
How much college will cost — and what to save each month from now
Put in today's yearly tuition and fees, the yearly allowance, books and transport, the years until college, the yearly increase you expect, the years of the course and what you have saved. You see the first college year and the whole course in future pesos, and the amount to save each month. No sign-up.
- Ask the school for its current tuition and other fees, and change the yearly increase if the school tells you its history.
- Set the monthly amount as an automatic transfer on payday, and tick it in the Excel «Savings tracker».
- Look at state universities and colleges too: under RA 10931 qualified students pay no tuition and other school fees there.
Arithmetic only: today's yearly cost grows by your assumed rate each year; the monthly amount does not count any interest your savings may earn. Not financial advice.
Liza, Layers template assistant
Tell me today's tuition, the years until college and your savings, and I will show what to save each month.
The Excel file shows every college year in future pesos.
Deadlines
The rules, with the source
| What | Deadline | Source |
|---|---|---|
| Free tuition | Filipino students in SUCs and LUCs are exempt from tuition and other school fees, if they meet admission and retention requirements | RA 10931, s. 4 |
| Not covered | For example, those who already have a bachelor's degree or fail the retention policy | RA 10931, s. 6 |
| Your assumption | The yearly increase is yours; the monthly amount does not count interest your savings may earn | Arithmetic |
Living costs, books and transport are not free even in state universities — that is why they are a separate input.
Step by step
What to do, in order
1
Today's costs
Tuition and fees, and allowance, books, transport and dorm.
2
Your timeline
Years until college, years of the course and the increase you expect.
3
Save monthly
Future cost, what is left after your savings and the monthly amount.
Questions
How much should I save for my child's college?
Today's yearly cost grows by the increase you choose until college starts; the calculator adds up every college year and divides what is left by the months until then.
Is college free in the Philippines?
In state universities and colleges and local universities and colleges, qualified Filipino students are exempt from tuition and other school fees (RA 10931). Allowance, books and transport are still yours to cover.
What yearly increase should I use?
Your assumption: the example uses 5%. Ask the school about its past tuition increases and change it.
Does it count interest?
No: the monthly amount is plain savings. If your fund earns interest, you will need a little less.
Can I track my savings?
Yes: the Excel «Savings tracker» lists every month with the planned and actual amounts.
Is it free? Do I need to sign up?
It is free and you do not need to sign up: fill in, see the result and download the Excel and Word files. With a free account you can save a copy to your Layers.
Official sources
Other documents
Keep the papers in one place
Letters, receipts and notices in one folder you can share with family or a lawyer. The templates and the editor are free; Layers is free for up to 20 people.
A savings plan, not financial advice. The increase is an assumption.