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70K overseas schooling

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70K overseas schooling

Old 14th Mar 2019, 22:58
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70K overseas schooling

So what schools do $70K HKD get you into overseas for hkpa's children? Average international schools in HK like Chinese international school is more than $200K annually. What can $70K cover? Lunch fees? What good private schools cost around 70K? A tiny private school in the middle of a rural village in Philippines? Please justify using ESF rate to standardize overseas schooling coverage.
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Old 15th Mar 2019, 00:09
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Originally Posted by carolknows View Post
So what schools do $70K HKD get you into overseas for hkpa's children? Average international schools in HK like Chinese international school is more than $200K annually. What can $70K cover? Lunch fees? What good private schools cost around 70K? A tiny private school in the middle of a rural village in Philippines? Please justify using ESF rate to standardize overseas schooling coverage.
There is a school in Penang and one in Bali that the 70k will take a big chunk out of the annual fee. You could commute on your double CMP pattern back to back with 8 days off. Live in those places and adjust to island time.
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Old 15th Mar 2019, 00:54
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https://www.esf.edu.hk/2018/03/26/pr...-fees-2018-19/

ESF
$111,200 - 135,000 / annually

HKIS
$216,200 - $245,950 / annually

Chinese International School
  • Reception: HK$ 155,100 (US$ 19,890)
  • Years 1-6: HK$ 205,500 (US$ 26,350)
  • *Years 7-11: HK$ 242,700 (US$ 31,115)
  • Years 12-13: HK$ 246,000 (US$ 31,540)

$70K HKD??? where do you think we are commuting to, boss???
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Old 15th Mar 2019, 01:29
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Or you can just do what about 30% of the guys I fly with are doing, and get a job with their preferred LEGACY CARRIER IN THEIR HOME COUNTRY. That way you can choose the school that suits you. Live a good lifestyle free of the problems that suck every fibre of life from your soul in HK.
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Old 15th Mar 2019, 01:30
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CX. The older you get, the more you regret. Get out while the industry is providing you a viable option. It won't last forever, then you will be trapped.
Apple Tree Yard is offline  
Old 15th Mar 2019, 02:07
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The question is why is it not equivalent 90% of esf hkg schooling? The answer is they anticipate people who may have their kids in local schools (I.e. costing them nothing) taking it up, so they have reduced the amount to cater for that fact. Even though they can receive full 90% esf if they choose in hkg and theoretically that amount should be budgeted for every pilot with kids. More cash in their back pockets. And even more for them if those in hkg international schools fancy some clean air and good health for their children.
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Old 15th Mar 2019, 03:10
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Originally Posted by carolknows View Post
So what schools do $70K HKD get you into overseas for hkpa's children? Average international schools in HK like Chinese international school is more than $200K annually. What can $70K cover? Lunch fees? What good private schools cost around 70K? A tiny private school in the middle of a rural village in Philippines? Please justify using ESF rate to standardize overseas schooling coverage.
https://www.edustoke.com/best-boarding-schools-in-india

70,000 HKD = 600,000 rupees, so some of these are affordable
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Old 15th Mar 2019, 03:20
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Originally Posted by Apple Tree Yard View Post
CX. The older you get, the more you regret. Get out while the industry is providing you a viable option. It won't last forever, then you will be trapped.

ATY sums up perfectly . The longer you stay, the more you regret staying.
Get out whilst you can. The grass may not be greener but it will be the green grass of home and not a polluted, overcrowded sh*thole working for a bunch of here today gone tomorrow morons.
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Old 15th Mar 2019, 07:54
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My kids are in a private Catholic high school in Australia for which I pay about AU$3800 per year (= HK$21K). That covers everything, tuition fee, year level fee, building levy, technology levy, school camp etc, total for 2 kids. The government pays the rest. The school is situated on a seven hectare campus and has state of the art facilities, extensive sporting facilities, gymnasium, auditorium, library and immaculately kept grounds, buildings and gardens.
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Old 18th Mar 2019, 13:17
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Yeah school fees are insane in HK. But this is just how Chinese people are, they put so much value on education that they screw themselves over because they create this huge demand for it which is artificial anyways. If your kid is smart he/she will flourish at most schools, should probably safe the money for University if you're already stretched thin.
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Old 18th Mar 2019, 14:11
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Do not forget that this CEA will be payed as a cash allowance and is therefore taxable income, thereby reducing the amount to approx $59500, in hand.
Farman Biplane is offline  
Old 18th Mar 2019, 14:11
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Itís not actually education in most cases. Itís elitism. Itís fear of not being in the club, not wearing the right brand name on your diploma. It creates entitlement and can very often lead to the opposite of the intended success. The University system is the same. The most highly regarded research universities are actually, in most cases, not very good at undergraduate education. High level research professors are usually not very good at teaching undergrads. Graduate degrees are a different story. I agree that a lot of money can and is wasted chasing these fictions, especially by middle class and rich Asians who donít know better.
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