18 July 2009 - Senior Advisor Adrian Lyons host's a Seminar about Education Savings at the Grand Intercontine
An afternoon of education and information was the perfect combination for South Korean parents looking to send their children to study overseas. The presentation by Mr. Lyons focused on investing in international currencies with hopes to support families looking at a Western education for their next generation.
With Western university tuition rising every year, and forecasted to increase at about twice the general inflation rate, parents need to start saving even before their children are born. FinAid.com notes that during any 17-year period from 1958 to 2001 the average annual tuition inflation rate was between 6% and 9%, ranging from 1.2 to 2.1 times general inflation. On average, tuition tends to increase about 8% per year. This college inflation rate means that the cost of schooling doubles every nine years. So a baby born today will incur college costs that will be more than three times the current rate.*
The Grand Intercontinental, located in the heart of Seoul, provided refreshments and snacks as the perfect escape from the summer heat. The guests learned how Austen Morris Associates can help them to properly prepare for this increase through saving and investing to ensure the best for their children's higher education.