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Studying abroad from the UAE: Why early financial planning matters

Gulf News: Latest UAE news, Dubai news, Business, travel news, Dubai Gold rate, prayer time, cinema·Gulf News Report·24 days ago
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For families across the UAE, an international education is one of the most ambitious goals they will set, and one of the longest in the making. A three- or four-year overseas degree in the US, UK, Australia or Canada can cost between $192,000 and $256,000 per child — yet HSBC's Quality of Life research shows many parents intend to fund this without a structured plan. The good news: starting early changes the picture entirely.  At HSBC, we have built our wealth and Premier proposition around international families — because the journey from a Dubai living room to a campus in London, Boston, Sydney or Mumbai needs more than a savings account. Through Future Planner in the HSBC UAE mobile banking app, parents can stress-test how much to save and over what timeframe. Multi-currency accounts in AED, USD, GBP and EUR, term deposits, mutual funds, bonds and ETFs through World Trader, and our Wealth Accumulation Plan let families build the corpus that fits their timeline and risk appetite.…

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