Education Planning for Expats

If you have decided to work abroad and become an expat, you are probably looking forward to the many adventures ahead. But one thing you might have to consider with all seriousness is your children’s education. While children will undoubtedly benefit from the experience of being entrenched in a new culture, it can be a difficult decision-making process when it comes to their formal education.


There are many variables to consider when planning your children’s education as an expat, and the opportunities available will depend on what your priorities are and how well you plan ahead.



business man at a fork in the road

Different families have different priorities, which will be reflected in the choices made in regards to a child’s education.


Expats in China have several options. For one, they can choose to send their kids to a local school. If this is the front-running option, it might be because an expat feels that children should become fully immersed in the surrounding culture. While this can be daunting for some children, others thrive in this “sink or swim” scenario. Usually, a child’s age makes a difference, and the younger they are, the easier it will be for them to adapt.


Another option is to send children to an English-speaking, international school if the city offers one. There are some unique benefits to international schools, and the main one is that children will be introduced to students from all around the world while being taught in their native tongue, which can ease some of the anxiety that might come with a new school in a new country. In addition, these schools often attract bright teachers and offer unique programming.


Expats can also consider sending children to a boarding school abroad, either back to their home country or elsewhere. If children are sent back to the country from whence they came, they will not need to go through as much of an adjustment period.


Finally, homeschooling is another option. As long as proper resources are available, some children thrive in the extraordinary opportunities of home schooling.




Education Fee planning is one of the reasons why it can be difficult to decide what to do about children’s education. The financial responsibilities associated with the different options can be daunting. But if you plan ahead, you can ensure that the costs will be covered.


There are often higher fees attached to international students with any option that you choose (except home schooling, of course), but fees also tend to vary greatly. For example, an international, English-speaking school in your new home country might have much higher tuition fees than a boarding school in your previous country, but boarding school comes with the costs of travel and housing. And just because the cost of living might be lower in your new country of residence, like China or somewhere in the Middle East, choosing an international school might prove to be rather costly as tuition fees can run high.


Local schools and homeschooling are generally the most affordable option but should be weighed against how your children will fare in those environments and the quality of education they will receive.


It’s important to take the time to research and plan ahead financially so that you are not caught off guard once you settle into your new home.



chess board

If the costs of sending your children to school at a top international school or boarding school are proving difficult to manage, there are ways to lessen the burden. You might consider sending your child to a school with high fees for only a few years, like the last three years of high school, for example. Or some parents find that the first few years of adolescence are an important time for the best quality of learning and might consider sending a child to an international or boarding school from the ages of 13 to 17.


Another thing to consider is that there are often scholarships and bursaries available for international students who excel in a particular sport or a subject. If your child has a passion or natural talent, it might be worth investing in lessons early on.




Child holding a globe

A new school is tough for a child of any age, especially in a new country, so it’s a good idea to help ease their nerves before the first day. For example, you can see if there is a meet-and-greet day so your children can become familiar with the school, other students and teachers. If there isn’t, you might consider arranging one yourself.


You can also discuss the potential ups and downs of the school year with your children to prepare them for the difficult times but to also get them excited. Or you can have a celebration before the first day to emphasize the exciting opportunities ahead.


It can also be important for children to feel involved in the decisions about their lives, so you might consider allowing them to help shop for supplies or letting them make a choice about which extracurricular activities or clubs they’d like to join.


All in all, the benefits of an expat life, especially for children, will pay off in the long run, even if there are a few bumps along the road. There is no replacement for the lessons learned while traveling and being exposed to new cultures and adventures. While there are some tough decisions to make regarding your children’s education, with the proper research and preparation, you can rest assured that you will be setting your children on an incredible path in life.

Distribution of International Schools in China – Infographic

Distribution of International Schools in China

A look at the distribution of International schools in China. 

distribution of international schools infographic



Busting money misconceptions for expats

financial-advisor-expats-chinaWhen you decided to become an expat, your finances were probably one of the main priorities for your attention. You had to weigh up whether you’d be better off financially abroad or back at home, and consider factors like medical insurance and school fees in your deliberations. But BlueStar AMG has found that many people who’ve started a new life in a foreign country allow money misconceptions to lull them into a false sense of financial security.

Lots of expats are paid substantially higher salaries than they would have received at home, while they may be getting an attractive package including health insurance or school fee subsidies. However, while things may look bright financially, it’s always vital not to rest on one’s laurels. No job is ever guaranteed in the long term and incentive packages can come with a shelf life. So it’s important to have a contingency plan for the future. This may include paying into a savings fund, investing in the stock market or putting your expendable income in other assets like property.

Think smart when it comes to saving money

Canny expats also know that they should live to their means. Many people rightly take advantage of being on a new continent, using their spare time eating out, visiting tourist hotspots and travelling to exotic locations. But it’s really important to make sure that you’re not being too frivolous with your money. We suggest saving some cash every month and considering other ways you can invest a portion of your income on a regular basis. Getting professional financial advice from the experts at BlueStar AMG will help you choose the right savings plan and investments for you. Once this is done, you can enjoy your hard-earned money with abandon!

Another misconception amongst expats is that there’s plenty of time to save up for children’s school and university fees. We all know that it can cost a small fortune to educate our children in Asia, but many people still don’t prepare for this in advance. It doesn’t matter if your child isn’t even walking yet – it’s never too early to start saving for their education. The sooner you start, the less you’ll need to find each month and the more you can save in the long run. You’ll thank yourself for it in years to come.

life-insurance-for-expats-chinaMeanwhile, some expats choose to gamble on their finances by not taking out life insurance or critical illness cover. They may think that, because they’ve never been seriously ill before, nothing will happen to them in the future. Indeed, they may look at people who’ve been struck by cancer or other life-threatening illnesses and think, “it’ll never happen to me”. But, unfortunately, none of us can say that with any certainty. And when you’re in a country without free healthcare, it’s absolutely imperative to make sure you’re covered by insurance. Without a detailed policy in place, you could be faced with the biggest bills of your life, right at a time when you need to focus on your health and nothing else.

For the very best advice when it comes to your finances, call on BlueStar AMG. We’ve got offices across Asia, with friendly teams waiting to take your call. For more information, visit and follow us on Twitter for updates about the world of investments and savings.

Photo credits: SF Brit,

Saving for Your Child’s Education? Look Offshore for the Best Investment Plans

Our years of experience in the industry and knowledge of the worldwide marketplace have given us a real insight into the benefits of both domestic and international policies. We would always recommend for expats to look beyond China when setting up savings plans, especially when it comes to something as important as their children’s university education.

Currency considerations
Taking out an investment policy within China means you will have to use Chinese yuan (RMB) as your currency. That’s fine if you’re planning to stay in the country long-term, but as an expat it’s likely that you will return to your home country or move on at some point. If the latter is the case, taking your savings out of China could prove problematic, as you will have to contend with stringent banking controls and foreign exchange restrictions.

It is much more straightforward to hold your savings in a currency or currencies of your choice overseas; you’ll have a greater level of flexibility if your circumstances change. Most expat children choose to study at universities outside of China, so holding a policy using RMB could be extremely limiting down the line.

investments-for-expats-chinaA young investment climate
While China is one of the world’s most rapidly-growing nations, its stock market and investment plan portfolio are both still relatively immature when compared to more established countries such as the UK and the US. Therefore, it’s advisable to choose savings plans outside China as you’ll benefit from greater stability for your money.

This is vital when you have a clear, long-term financial goal such as saving for your child’s education. Of course, all investment comes with some risk, but with careful research you can guard against some of this uncertainty to ensure you’re getting the most for your money.

Don’t put all your eggs in one basket
Choosing to keep your money in China will limit your investment options considerably, as domestic policies are heavily focused on the local market. By looking internationally, you’ll have access to an enormous range of products and services, ensuring that whatever your budget or savings needs, there will be a policy to suit you.

It’s a cliché, but when you do your research and get the right advice; the world really is your oyster when it comes to finding the best deals. As any savvy investor knows, diversification is the key to a successful savings strategy.

Offshore investments offer lots of benefits
There are a multitude of other benefits for expats who invest internationally, including increased levels of investor protection and greater tax efficiencies. Working with an international brokerage also means there are no language barriers to overcome, while having your paperwork completed in English will ensure transparency and peace of mind when it comes to control of your investments.

The importance of planning ahead 
Wherever you decide to put your money, the most important thing is thinking long-term about your children’s future needs. Getting a degree is one of the most expensive endeavours a person can achieve – and the costs are likely to rise even further by the time your offspring head off to university.

Did you know that the average cost of a four-year course in the US is just under USD 125,000, as high as HKD 495,000 (around USD 64,285) in Hong Kong, and GBP 33,000 in the UK (around USD 54,780)? Factor in the very likely increase in fees, and you could be looking at close to USD 300,827 for a course in the US in 18 years’ time. What’s more, these staggering amounts are for course fees alone – meaning that costs like accommodation, textbooks, food, or spending money still need to be accounted for.

So pat yourself on the back for putting plans in place now. With the right advice, you’ll be safe in the knowledge that you’ve chosen the best offshore investment plan for your circumstances, giving you peace of mind that you can support your child as they work towards achieving their educational goals.

Mark Matlaszek has lived in China for over ten years and is the director of BlueStar AMG in Beijing. He has been helping expat families plan for their children’s future education costs for the last decade, as well helping parents plan for their retirement. For more information on the company, visit If you would like a free consultation, contact Matlaszek directly at [email protected]

Not saving for your children’s future yet? Start now!

education-savings-plan-chinaWhen any couple starts a family, they are bound to have considered the financial implications of having a baby. These include the potential loss of one parent’s salary, the expense of buying everything a child needs for the next 18 years, and the cost of another name on the medical insurance policy.

However, what some parents fail to think about early on is the cost of putting their child through university – often until it’s too late to save any considerable sum of money. If you haven’t made adequate financial plans, your son or daughter will run the risk of being saddled with an enormous debt upon graduation – or may be forced to abandon their hopes of getting a degree altogether.

Counting the cost of education

Put simply, getting a university education is an extremely pricy business. A four-year degree at the University of Chicago, the most expensive in the world, currently costs more than USD180,000.

Of course, other universities aren’t quite as expensive; the average four-year course in America costs just under USD125,000. Elsewhere in the world, the cost is considerably cheaper. For example, institutions in Hong Kong set their fees at up to HKD 495,000 (approximately USD 64,285) for a four-year course, with UK universities coming in at around GBP 33,000 (around USD 54,780).

Save, save and save again

children-education-fund-expat-chinaSo, what’s the best way to avoid nasty surprises after your child finishes their secondary education? Three words – save, save, save. Many parents begin an education fund as soon as their child is born. But if that wasn’t possible for you, it’s best to start saving as soon as you can, even if you don’t think you have enough time to cover their university costs entirely. And it may sound obvious, but if you have more than one child, consider that you will need to save even more.

One of the first things to remember is that university course fees will invariably have risen by the time your child starts their degree. Fees have historically increased by around 5 per cent per annum – much faster than inflation.

To give one example, if we take an average four-year course in America today at USD 125,000 after we factor in inflation at 5 per cent per annum, the total cost actually becomes USD 300,827 in 18 years’ time!

You will also want to factor in those extra costs associated with living away from home – rent, food, phone bills, course materials, and other general subsistence needs. However, you may decide that your child will cover these costs themselves by taking on a part-time job while studying.

So what are some of the ways to save?

savings-account-for-expat-chinaAs an expat, you have access to a wide variety of offshore savings accounts that can offer a good return on your money by the time your child goes to university. However, with interest rates staying low for the foreseeable future, you might also consider the wide variety of stock market investments available to you. The rewards are often greater when you invest in this way, but of course there is a certain level of risk involved so make sure to get professional advice first.

Remember, if you’re starting to save at the very beginning of your child’s life, the prospect of supporting them through university isn’t actually as daunting as it may seem. Eighteen years is a long time to put money aside each month, and you can help the process along by cutting out little luxuries here and there when you can.

If it helps, take an evening to sit down with your partner to ascertain how these monthly luxuries could be trimmed back. However, it’s important to ensure that you’re not inadvertently creating a negative change in your family’s lifestyle, as you’ll be less likely to continue with your saving plan.

It’s also an idea to set up a bank account for your child when they’re young. Family and friends can then deposit cash for them on birthdays and at Christmas rather than buying toys that they will soon get bored of or clothes that they will never wear. All of these little changes can make a huge difference to your savings plan.

None of us can say with any real certainty how much university education will cost by the time your child becomes an undergraduate. But with careful planning over as long a period of time as possible, you can rest assured that you will be able to financially support them through this exciting time in their lives.

Education plans are vital in supporting your children through university


If you’ve got young children who haven’t even started school yet, it can seem ridiculous to worry about how you’ll support them through university. But with higher education institutions in the UK currently charging up to £9,000 a year in fees, who’s to say how much your little ones will be paying by the time they become undergraduates?

The fact is that they could end up owing tens of thousands once they’ve achieved letters after their name – setting them back hugely when they enter the workplace.

So, as a parent, what should you be doing to ensure your offspring aren’t saddled with huge debts just for getting a degree? The simple answer is to start saving as soon as possible; in fact, the majority of parents in the US set up a college fund soon after their children are born. Having more time in which to save means you won’t have to put as much money aside each month, making it more manageable for you in the long run.

It’s important to note that education fees have historically risen faster than inflation, at an average rate of 5 per cent per annum, so make sure you factor this into your savings plan. You will also need to think about the costs of your child living away from home as well as the university fees themselves, although they should be able to make up a small shortfall through part-time working while studying and during holidays. There are many offshore savings accounts that will give you a good return on your money by the time your child goes to university.

With interest rates remaining low for the foreseeable future, it is also worth considering putting some of your money into stock market investments. These are historically a better earner than savings accounts – although always be aware that investing in this way comes with a risk factor.

As with all savings options, BlueStar AMG can guide you in the right direction, ensuring that your offspring will be financially secure by the time they head off to university.