School Fees Season: How We Can Help YOU Prepare

"The future belongs to those who prepare for it." - Malcolm X

The arrival of September is forever tied to a back-to-school mentality: school fees, new shoes, school supplies, bus fares, and early-hours “gymnastics” with the children.

We all agree schools play a critical role in helping children feel connected, as parents, guardians, and educators it is incumbent upon us to provide a safe and supportive environment. Helping children feel connected is critical to helping them thrive mentally, physically, and academically.

Sadly, not all children receive education not to talk of quality education. According to UNICEF, one in every five of the world’s out-of-school children is in Nigeria. The Universal Basic Education Commission (UBEC) states that there are over 10 million children at the primary level and a further 8 million children at the junior secondary level who are out of school. Globally, Nigeria accounts for 15% of the total number of out-of-school children. Poverty is the most significant barrier to school access exacerbated by school fees and other hidden costs of education. Some 17% of children aged 12 -14 years in Nigeria are involved in economic activity for 14 hours or more each week. At the tertiary level, the continuous strikes by the Academic Staff Union of Universities (ASUU) due to demand for increases in pay, allowances and better funding of the education sector has eroded the confidence in Nigeria's public tertiary education system, leaving people with the options of expensive private universities or migrating outside the country.

With the uncertainties looming, parents need to be proactive and plan for their child’s future. Saving for education is one of the most worthwhile things you can do for your child, but it can be challenging if you don’t know where or how to start.

This is why at Sanlam Nigeria we have developed various educational policies that will not only protect your child’s education but also help you plan your savings. Our FlexiEdu Plan helps you plan a bright future for your child no matter the uncertainties of life. This plan is open to parents or guardians of wards or children across all levels of education.

Going further, another way to save for your child’s education is our Tuition Protection Plan which secures your child’s future with an offer that covers school fees in the event of death. This policy has been designed in such a way that it can be made a joint life, in which both parents are covered, and the tuition payment stops at the death of either of the parents (first or last survivor). One benefit of this plan is that the premium is embedded in the school fees, so the parent does not have to pay anything extra.

Our education plans are specifically designed to guarantee the completion of a child’s education in the event of the death of a parent or guardian. The sponsorship of your child’s education for the remaining period he or she must spend in school is borne by us.

So, while you are making plans for your child’s education choices, invest in their future with our education plans. Choose Sanlam Nigeria today! Get our FlexiEdu and Tuition Protection Plans right now with ease from our Sanlam Nigeria App.