Hong Kong is known for being one of Asia’s most expensive cities, but the cost to educate a child in Hong Kong may still surprise you. In a recent TV commercial created by Hang Seng Bank, they breakdown the astonishing price tag of bringing up a child in Hong Kong in terms of the price to education them. They estimate it to costs as much as $4 million dollars (US$510,000) per child and the South China Morning Post provides calculations of the expected fees a parent may incur from birth to 18 years of age.
Preschool education is not free in Hong Kong, and the cost of sending your child to a regular kindergarten ranges from HK$1,500 to $4,000 a month, while the international kindergartens can cost anywhere between HK$6,000 to $14,000 a month.
Primary and Secondary
In Hong Kong, public primary and secondary education is free until Form 3 (equivalent to Grade 9 in US system), however, if you send your child to private primary and secondary school the tuition cost can range from HK$50,000 to HK$60,000 a year for primary, and roughly HK$100,000 at the secondary level in ESF (English Schools Foundation) schools. A popular trend in Hong Kong is sending your child to international school and the fees for these institutions can go upwards of HK$170,000 a year. In addition, these fees do not include the extra costs of books, school supplies, school trips and activities.
At the university level, the cost of attending local university ranges from HK$75,000 to HK$120,000 a year. If the child decides to study abroad in Britain or the US, the cost will easily be double.