How Much Will The College Education of Your Child Cost?

Posted by under Investing, Personal Finance . Updated: September 27, 2014

First of all, I’d like to congratulate all parents for surviving another season of school enrollment.

I know it’s not easy to provide for your child’s education, that’s why I truly respect all parents who continue to work and sacrifice their own needs, just to keep their sons and daughters in school.

Over the past few weeks, I’ve received several inquiries from parents regarding how to plan for their child’s college education.

A few of them, unfortunately invested in educational plans that have gone bankrupt and are now trying to recuperate the time and money they’ve lost.

Indeed for most, if not all parents, seeing their child finish college, is among their top goals in life. And today, I’d like to help a little bit by giving a simple tip on how to make this goal a little “smarter”.

By definition, a “SMART” goal should be Specific, Measurable, Attainable, Relevant and Time-Bound.

Among these five, ‘Time-Bound’ is easiest to define as it is simply the number of years before your child enters college.

‘Relevance’, or answering the question, “Why is this goal important to you?” is also easy to resolve because I’m sure you believe that one of the best gifts you can give your child is an education.

Furthermore, there are many expenses that a parent must provide for when they have a child in college, but the largest portion is normally the tuition – that’s why I like defining this as the ‘Specific’ goal.

Now that you have a specific goal, it’s time to make it ‘Measurable’ or in other words, you need to set an exact amount for your goal by calculating how much money you’ll spend on enrollment fees throughout your child’s college life.

This is where most parents play the guessing game, but fortunately – I’ve found an online source for this data, which I’m sharing below (figures are 2012 estimates):


Total Tuition – All Terms
Range per Year (PHP)

Adamson University

60,000 to 90,000

Assumption College


Ateneo De Manila University


Centro Escolar University

70,000 to 80,000

Colegio de San Juan de Letran

32,000 to 44,000

College of the Holy Spirit, Manila


De La Salle – College of St. Benilde

165,000 to 210,000

De La Salle University

165,900 to 210,000

Far Eastern University

68,000 to 88,000

Lyceum of the Philippines

70,000 to 80,000

Mapua Institute of Technology

100,000 to 128,471

Miriam College


Philippine Normal University

1,470 to 5,040

Philippine School of Business Administration

54,560 to 56,670

Polytechnic University of the Philippines

504 to 672

San Beda College

90,000 to 120,000

San Sebastian College

50,000 to 62,000

St. Scholastica’s College

82,000 to 85,000

Technological University of the Philippines

2,100 to 3,150

University of Sto. Tomas

72,000 to 112,000

University of the Asia and the Pacific


University of the East

60,000 to 80,000

University of the Philippines

0 to 45,000

How Much Will The College Education of Your Child Cost?


The Commission on Higher Education (CHED) plans to keep tuition hikes to 10% maximum every year, according to this news report. This means the figures above can only increase by at most, 10% each year.

To know how much your child’s tuition will be in the future, then use the formula:

( Tuition Fee Per Year Today ) x [ ( 1.10 ) ^ ( Years Before Child Enters College ) ]

So for example, if your son will enter college 7 years from now, and you plan to enroll him in UP, then the formula would be: P45,000 multiplied by (1.10)^7 or P87,700.

The estimate cost of tuition for your kid is P87,700 per year by 2020 (7 years from now). Multiply this figure by 1.10 for each year that your child will study in college, and you’ll get a good grasp of how much you need to prepare financially:


Estimate Total Tuition (PHP)

1st Year – Freshman


2nd Year – Sophomore


3rd Year – Junior


4th Year – Graduating Senior



PHP 407,000

Now for the last part of your “SMART” goal, you need to ask yourself if the calculated total tuition is ‘Attainable’ for you.

If yes, then you need to create a workplan on how you will achieve this goal, and then follow it through until you reach the target amount.

If not, then you have to “tweak” your goals by either changing to a more affordable school OR, finding ways to increase your current income.

Is P407,000 in 7 years attainable? Yes, it is.

Did you know that by investing only as little as P2,500 per month in the stock market, you are most likely to reach this goal through the cost averaging strategy?

So that’s it – an illustration on how to calculate your child’s college tuition in the future.

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11 Responses to “How Much Will The College Education of Your Child Cost?”

  1. Rogie says:

    Mabigat talaga ang paghahanda for our children’s education. Thanks for the tips. If I may add to this, we can also check for each university’s “specialty”. meron kasing mga forte talaga ang bawat university. Kung engg, medicine, business, arts, etc, may nangunguna talaga pagdating sa ganon.

    Ako naman, bilang graduate ng pinakamura but quality Univ (PUP), masasabi kong bawi agad kami and sulit ang pinag-aralan. 🙂

  2. Shasha says:

    Galing naman nito, Fitz! Thanks so much for preparing this one for us 🙂 Congratulations on this wonderful blog of yours. 🙂

  3. Marce says:

    Miriam College is currently P55,000/semester on23 units. That’s P110,000.00/year.

  4. Carlos says:


    Thanks Fitz! I’m planning my child’s college fund right now. Great to know I had the same approach as you. I just couldn’t get enough data on school’s tuition fees. (How’d you get it btw?)

  5. Fitz says:

    Hi Carlos, I got it from the linked online source in the article. 😀

  6. Devmommy says:

    Hi fitz,

    This has been actually my goal for the past months! I’ve finally saved up for my dear daughter’s K-12 education. (saved up 450,000 already)

    Now Im thinking of pushing of saving for her college edu funds!

    Thanks for giving me an overview on how much I should save!

  7. Carlos says:


    Hehe not clicking kasi eh

  8. Rino Manangu says:

    Thank you for this very useful information on tuition fees. Add to this other costs like board and lodging, transportation, books etc.

  9. […] Can you wait for 10 years and not touch the money until you have enough to send all your children to college? […]

  10. […] Here’s a post that can help you estimate this cost: How Much Will The College Education of Your Child Cost? […]

  11. Gigi says:

    Thank you so much sir Fitz. Ang laking tulong po nito. Wala po talaga akong idea how much money do i need to save for the college education of my only child 9 years from now. Shocked po talaga ako sa lumabas na figure. Now i know. Thank you

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