[Parent-Child Education] Prudential released the results of the latest "Overseas Study Planning Survey", which found that nearly 70% of the parents surveyed hope that their children will study abroad for primary and secondary education, and nearly 60% of the respondents who plan to study abroad do so to pursue their dreams.
Prudential survey: 51% of parents surveyed plan to send their children to study abroad during secondary school

Prudential used an online questionnaire from July to August this year to interview a total of 300 people aged 18 or above who plan to study abroad, as well as parents who have sent or plan to send their children to study abroad. The results showed that half (51%) were According to the parent interview plan, children may have already been sent overseas to study abroad during the secondary school stage, and 16% of parents have advanced the time for their children to leave Hong Kong to study abroad until the primary school stage.
3 reasons for wanting to study abroad

The survey also found that respondents who intend to study abroad mainly do so for:

 Follow your dreams (59%)
 Increased chances of promotion (56%)
 Develop personal interests (54%)

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More than 70% of the respondents aim to obtain a bachelor's degree

More than 70% of the respondents aim to obtain a bachelor's degree (20%) or a master's degree (51%), and 11% hope to take short-term courses (such as language, professional or culinary courses), most of which last three years It ranges from one month to one year.
The three most popular places to study abroad

 UK (40%)
 Canada (16%)
 Australia (14%)

96% expect that they or their children will return to Hong Kong every year for vacation or to visit relatives

Japan is a popular country for short courses (19%). In addition, one-third of the respondents who expressed interest in studying abroad did so to accompany their children who were also studying abroad. Nearly three-quarters of the respondents (73%) said that they or their children would travel around while studying abroad. The vast majority of the respondents (96%) also expected that they or their children would return to Hong Kong for vacation or visit relatives every year, of which nearly 70% The short stay will range from two weeks to two months.
The average annual cost of studying abroad is HK$800,000

The survey results also show that the educational expenses of studying abroad are expensive. Respondents expected to spend an average of nearly HK$800,000 on studying abroad each year, including:
Tuition fees for studying abroad average HK$273,000
Living expenses average HK$185,000
Accommodation cost average HK$178,000
Leisure expenses average HK$143,000
86% of parents provide their children with credit cards with an average monthly limit of HKD 35,000

Even though 86% of parents will provide their children with a credit card with an average monthly limit of HK$35,000, many international students will still participate in internships (61%) or engage in non-manual labor while studying abroad in order to earn work experience and living expenses. Part-time work (45%).
57% of respondents have purchased school insurance

In addition to financial-related expenses, respondents' concerns about studying abroad were mostly related to personal safety and medical needs. Up to 63% of the respondents are most afraid of being injured in an accident while studying abroad, 52% are also worried about having to pay expensive medical expenses due to illness, and about 40% of the respondents are worried about terrorist attacks, riots or shootings (41% ) and fear of being hospitalized without having relatives or friends to care for them (39%). Therefore, nearly 90% of the respondents agreed that purchasing study abroad insurance is very important or important (89%) to protect their life while studying abroad. 57% of the respondents have purchased study abroad insurance, and 27% are considering purchasing it.
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