One of the best things a parent can give their child is a great education. Whether it’s sending them off to preschool, middle school, and college, it’s a parent’s responsibility to provide their children a solid scholarly foundation so they can become successful in their chosen field.

While making sure going to school is important, where you send them is just as vital too. With the increasing accessibility to world-class education as well as demand for courses abroad, it comes as no surprise that kids nowadays want to pursue their education overseas.

Sending them abroad to study, particularly for college, is a good way for them to see and experience the world beyond their home country. It helps them build character and broaden their horizons. At the same time, it allows them to eventually obtain work experience, and ultimately become citizens of the world.

There are many reasons why you should let your child study abroad. Here are a few of them.

It gives them a more global perspective.
Letting your child study abroad opens them up to learning experiences like no other. They get to soak in a new culture that will give them the perspective to understand social issues on a global scale, as well as appreciate people from all walks of life from dealing with them on a daily basis. With a global mindset, they will be able to understand the world better, and have a bigger, more macro perspective.

They can experience the education they’ll actually enjoy.
Students get to enjoy more diverse academic programs, even specializations. Certain colleges allow more time for students to choose which major they’d like to focus on. This gives them the chance to really look into the best fit for their own interests rather than trying to fit into the mold of established universities in the Philippines.

More opportunities in the future.
If they decide to come home after graduating, they may have a step up when seeking employment locally. Some companies may tend to favor applicants who studied abroad, because they might be able to contribute more effective work processes and may have a wider perspective on how to do things in the workplace at an international level. Should they choose to stay, some countries allow them to apply for permanent residency and even a chance to migrate.

They learn to be independent.
Being far from family might be a bit challenging at first, but the experience will teach them to fend for themselves. They are able to adapt to different situations, sharpen problem-solving skills, and learn how to budget and properly manage their time. They will find themselves in a situation where they need to grow up quickly and learn how to take care of themselves.

Be financially prepared.
As you give overseas education for your child more thought, one of the most important things you also have to keep in mind is your financial capacity to support them while abroad. Apart from tuition, you’ll need to send them allowance to cover their living expenses, food, emergencies, and perhaps budget to fly them home for summer or the Christmas holidays. As such, you need to start preparing early to give you enough time to save up for this big expense for your child in the future.

All parents, in their great love for their children, want to give them everything they need. Unfortunately, giving them everything means shouldering huge expenses to support these needs. With AIA Philippines’ Future Scholar, any parent who wishes to make those aspirations happen can be within reach. Future Scholar is an insurance product that gives guaranteed cash payouts that can help fulfill your or your child’s ambitions to study abroad. There’s no better way to show your love for your child than ensuring that you can provide for their dream, no matter what happens in life.

Aside from guaranteed savings, Future Scholar has an investment component so you can look out for your child financially even after they graduate from college. You can choose to build your child’s savings funds in five years or until he reaches the age of 17.

In addition, Future Scholar gives you peace of mind. Whatever happens, your child will have money set aside for his future needs. Aside from that, your child or your chosen beneficiary can also be entitled to an additional lump-sum cash benefit should anything untoward happen to you.

"We know that the pandemic and the volatile economy has made everyone insecure about their savings. As a parent myself, I understand every parent’s desire to ensure that there are guaranteed benefits intended for their child’s future," said Tennyson Paras, AIA Philippines’ Head of Products. "And this is what we had in mind when our Products Team designed AIA Future Scholar. We wanted to make sure that no matter what happens, a healthier, longer and better life awaits our children."

Click here if you want to know more about Future Scholar and how it can help you support your child in fulfilling his dreams.