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Many believe that high-quality education is a sure ticket to someone’s success. With this in mind, parents dream of enrolling their children in prestigious schools. Although some of the outstanding schools are budget-friendly, there are also those that will squeeze your pocket to its limit. Get to know the most expensive schools in the Philippines for all levels. Whether you’re just curious about their sky-high tuition fees or interested in studying at one of them, this article is for you. At a Glance: Top 10 Most Expensive Schools in the Philippines Note: The tuition fees and rankings in this article may change without further notice. For the latest information about tuition fees and other expenses, please visit the school’s official website or social media account. 1. Grade School SchoolEstimated Annual Tuition FeeAdditional FeesInternational School Manila (ISM)₱1,192,000 - ₱1,301,500₱540,490British School Manila (BSM)₱405,299.84 - ₱809,039.14₱503,200 - ₱743,700Brent International School Manila (BISM)₱845,000 - ₱906,000₱375,345Nord Anglia International School Manila₱897,825 - ₱906,459₱229,295The Beacon School₱662, 987 - ₱709,222₱200,000Faith Academy₱813,675.60 - ₱875,300.40₱5,135.40 - ₱14,265Lycée Français de Manille (French School of Manila)₱388,953 - ₱567,009 ₱205,000Chinese International School Manila (CISM)₱437,630 - ₱460,100Available upon inquiryReedley International School (RIS)₱255,200 - ₱382,640Available upon inquirySouthville International School and Colleges (SISC)₱152,339 - ₱186,541Not applicable 2. High School SchoolEstimated Annual Tuition FeeAdditional FeesInternational School Manila (ISM)₱1,382,392 - ₱1,542,668₱536,949British School Manila (BSM)₱908,770.7 - ₱1,054,590₱527,700Brent International School Manila (BISM)₱844,768.20 - ₱904,551.40₱375,345Chinese International School Manila (CISM)₱460,100 - ₱546,770Available upon inquiryReedley International School (RIS)₱320,320 - ₱382,640Available upon inquiryAssumption College San Lazaro Makati₱153,677 - ₱176,504₱314,235Enderun Colleges Senior High School ₱250,000 - ₱307,500Available upon inquiryDe La Salle Santiago Zobel School (DLSZ)₱185,593 - ₱199,518Available upon inquirySouthville International School and Colleges (SISC)₱182,103 - ₱190,712Not applicableXavier University Junior High School and Senior High School₱58,457 - ₱64,430Available upon inquiry 3. College SchoolEstimated Annual Tuition FeeAdditional FeesEnderun Colleges₱480,000 - ₱520,000Not applicableMeridian International Business, Arts, and Technology (MINT) College ₱240,000 - ₱340,000Available upon inquiryDe La Salle – College of Saint Benilde (DLS-CSB)₱225,000 - ₱330,000Available upon inquiryDe La Salle University (DLSU) ₱195,000 - ₱250,000Available upon inquiryInformation and Communications Technology Academy (iAcademy)₱190,000 - ₱245,000Available upon inquiryAteneo de Manila University (AdMU)₱218,000 - ₱240,000Available upon inquiryUniversity of Asia and the Pacific (UA & P)₱200,000 - ₱215,000Available upon inquiryMiriam College₱100,000 - ₱200,000Available upon inquiryMapua University₱104,400 - ₱192,000Available upon inquiryFar Eastern University (FEU)₱108,000 - ₱140,000Available upon inquiry How We Ranked The Most Expensive Schools in the Philippines We scoured the internet to determine the latest tuition fees and other expenses of exclusive private schools in the Philippines. Our primary sources are the schools’ official websites and social media handles. Afterward, we estimated the annual school expenses upon enrollment in these schools. These annual estimates allow us to rank the schools from the most to the least expensive. Some schools have their fees denominated in foreign currencies. Thus, we converted these values to Philippine Peso using the applicable exchange rate during the process of writing this article. Without further ado, let’s jump into our lists of the most expensive schools in the Philippines. Top 10 Most Expensive Schools in the Philippines (Grade School) Photo Credit: International School Manila Official Website 1. International School Manila (ISM) On top of our list is the century-old International School Manila (ISM). Tracing its roots in the old American School, Inc. founded by British and American expats in 1920, ISM hails as the oldest and most expensive international school in NCR. The curriculum of ISM Elementary School is different from that of DepEd. Its elementary academic program consists of 7 levels: Preschool (2 years), Kindergarten, and Grades 1 to 4. ISM offers grade levels 5 and 6 under its Middle School program1. Each grade level has a teaching team composed of class teachers, learning assistants, learning support, and English-as-an-Additional Language (EAL) teachers. There are also teachers that offer specialized instruction for IT, Arts, PE, Music, and library skills. Location: BGC Taguig City Tuition Fees and Other Expenses: Tuition fees have two currency components ($ and ₱), both of which need to be paid. USD Component: $13,400 - $14,600 per yearPHP Component: ₱426,000 - ₱466,000 per year Estimated Total Tuition Fees: ₱1,192,000 - ₱1,301,500 per year On top of ISM’s towering tuition fee, you also have to pay the additional fees which are around $9,450 (approximately equal to ₱540,490) that cover the student’s matriculation fee, facilities enhancement fee, and application fee. Official Website: https://www.ismanila.org/ 2. British School Manila (BSM) With its UK-trained teaching roster, BSM is one of the most elite schools in the Philippines. Its current British grade school curriculum includes a special program focused on the arts (music, visual arts, and drama) and sports. Pupils also learn Mandarin with additional languages such as Spanish and French. Location: BGC, Taguig City Tuition Fees and Other Expenses: Tuition fees have two currency components (£ and ₱), both of which need to be paid 2. GBP Component: £2,520 - £5,055 (equivalent to ₱166,229.84 - ₱333,449.14) PHP Component: ₱239,070 - ₱475,590 Estimated Total Tuition Fees: ₱405,299.84 - ₱809,039.14 per year Additional expenses include entrance fee, application fee, yearbook, capital development fee, and learning support fees which cost a staggering ₱503,200 - ₱743,700. Official Website: https://www.britishschoolmanila.org/ 3. Brent International School Manila (BISM) BISM fosters a conducive learning community for different nationalities in the Philippines. With its foundation built upon Christian teachings, the school is affiliated with the Episcopal Church of the Philippines. BISM Lower School puts a strong emphasis on students’ academic and spiritual development. It also offers a comprehensive English as Second Language (ESL) program for Grades 1-5 students3. Location: Biñan, Laguna (From 1984 to 2008, BISM was situated in Pasig, City. This is why the school has “Manila” in its name although it’s currently located in Laguna). Annual Tuition Fees and Other Expenses: Tuition fees have two currency components ($ and ₱), both of which need to be paid4. USD Component: $8,204 - $8,784PHP Component: ₱376,812 - ₱403,512 Estimated Total Tuition Fees: ₱845,000 - ₱906,000 per year On top of tuition fees, BISM also charges additional fees such as the Capital Development fee, one-time matriculation fee, ESL fee, application fee, and reservation fee. The estimated additional fee is at least $6,585 (around ₱375,345). Official Website: https://brent.edu.ph/ 4. Nord Anglia International School Manila Founded in 2012, NAIS Manila is one of the leading exclusive grade schools in the country. Its basic education program follows the English National Curriculum and is taught by professional teachers with UK credentials5. Furthermore, NAIS Manila has a collaboration with the prestigious Juilliard School of New York that provides premier learning experiences in performing arts and music6. Location: Parañaque City Tuition Fees and Other Expenses: ₱897,825 - ₱906,459 per year On top of tuition fees, NAIS Manila also charges an additional fee of about ₱229,295 which covers the capital development fee and lunch for the entire year7. Official Website: https://www.nordangliaeducation.com/our-schools/philippines/manila/international 5. The Beacon School The Beacon School prides itself as the only school in the Philippines that offers the International Baccalaureate Primary Years Programme (PYP)8. The PYP curriculum of the Beacon School focuses heavily on Science and Social Studies. It also offers unique and special instruction in Language Arts, Mathematics, and Philippine History, as well as in Music, Arts, and PE. With a student-teacher ratio of 5:1, the Beacon school ensures a comprehensive learning experience for its pupils9. Location: Taguig City Tuition Fees and Other Expenses: Tuition fees have two currency components ($ and ₱) that both need to be paid10. USD Component: $1,525 - $1,665PHP Component: ₱576,000 - ₱614,250 Estimated Total Tuition Fees: ₱662, 987 - ₱709,222 per year One-time additional fees include slot reservation fee, matriculation fee, and capital development fee amounting to ₱200,000 Official Website: https://www.beaconschool.ph/ 6. Faith Academy Established in 195711, Faith Academy started as a humble rented old house in Manila operating through donated equipment and books. Eventually, the school flourished and acquired land in Rizal. Faith Academy is open to both Filipino and foreign nationals. It is accredited by DepEd, Western Association of Schools and Colleges (WASC), and Association of Christian Schools International (ACSI). Location: Cainta, Rizal Tuition Fees and Other Expenses: ₱813,675.60 - ₱875,300.4012 per year Additional charges include application fees (₱8,559 - ₱14,265) and boarding fees (₱5,135.40 - ₱8,273.70). Official Website: https://faith.edu.ph/ 7. Lycée Français de Manille (French School of Manila) Founded in 197313, LFM belongs to a prestigious network of international French schools under AEFE (Agency for French Education Abroad). With its state-of-the-art facilities and world-class pedagogical approach, LFM students are trained to become eligible in any educational institution in France. Location: Better Living Subdivision, Parañaque City Tuition Fees and Other Expenses: ₱388,953 - ₱567,009 per year LFM also charges a registration fee, refundable deposit, international section fee, exam fees, and mandatory insurance which approximately cost ₱205,000. Official Website: https://www.lfmanille.ph/ 8. Chinese International School Manila (CISM) Established in 200714, CISM prides itself on its adherence to local and international learning standards. CISM grade school follows an enriched version of the American Core Curriculum and a Mandarin second language program. This school is accredited by DepEd, Council of International Schools (CIS), and East Asia Regional Council of Schools (EARCOS). Location: Taguig City Annual Tuition Fee: ₱437,630 - ₱460,100 per year (Other school fees are discussed during the pupil’s admission process) Official Website: https://cismanila.org/ 9. Reedley International School (RIS) RIS was founded in 1999 as a tribute to Reedley College in California. It officially opened its doors for grade school pupils in 2001, and from thereon, the school has become one of the elite grade schools in the Philippines15. RIS Basic Ed curriculum follows the current DepEd’s K-12 system but with some modifications. For instance, its mathematics and science curriculums are based on the Singaporean curriculum. Meanwhile, its Lower School English Language Arts is aligned with the Ohio standards16. Location: Pasig City Tuition Fees and Other Expenses: ₱255,200 - ₱382,640 per year Official Website: https://reedleyschool.edu.ph/ 10. Southville International School and Colleges (SISC) The SISC Elementary School program is accredited by reputable international bodies such as the Western Association of Schools and Colleges (WASC). Its basic education curriculum includes an accelerated, comprehensive, and efficient reading program (ACER), foreign language program (Mandarin for Grades 3 to 6), ESL program, applied science curriculum, and business program17. Interested students may also develop their skills in music, arts, sports, ICT, robotics, and home economics. Location: Las Piñas Tuition Fees and Other Expenses: ₱152,339 - ₱186,54118 per year (already covers miscellaneous fees, admission processing fee, and direct costs) Official Website: https://www.southville.edu.ph/ Top 10 Most Expensive Schools in the Philippines (High School) Photo Credit: International School Manila Official Website 1. International School Manila (ISM) With its million-worth educational expenses, ISM takes the crown as the most expensive high school in the Philippines. Just like any international school, ISM deviates from Deped’s K-12 system. Grades 7 and 8 are under its Middle School program. Meanwhile, Grades 9 to 12 are under its High School program19. ISM students may also pursue the prestigious International Baccalaureate (IB) diploma widely recognized worldwide. ISM also offers preparatory sessions for Advanced Placement examinations in the United States and Canada. Location: Taguig City Tuition Fees and Other Expenses: Tuition fees have two currency components ($ and ₱) that need to be paid20. USD Component: $15,600 - $17,400PHP Component: ₱466,000 - ₱496,000 Estimated Total Tuition Fees: ₱1,382,392 - ₱1,542,668 per year On top of ISM’s mind-boggling tuition fees, you also have to prepare for additional fees amounting to $9,450 (approximately equal to ₱536,949). Official Website: https://www.ismanila.org/ 2. British School Manila (BSM) BSM takes pride in being a British education pioneer in the Philippines. BSM Senior School (equivalent to Deped’s Junior and Senior High School) is accredited by the Council of International Schools and International Baccalaureate (British School Manila, 2020). The school focuses heavily on providing a holistic learning approach to its students by extending their education beyond the corners of the classroom. Students may pursue sports, visual and performing arts, as well as immersive community services on top of the traditional high school curriculum. Location: Bonifacio Global City, Taguig City Tuition Fees and Other Expenses: Tuition fees have two currency components (£ and ₱) that need to be paid21. GBP Component: £5,625 - £6,570PHP Component: ₱539,010 - ₱622,710 Estimated Total Tuition Fees: ₱908,770.7 - ₱1,054,590 per year Aside from the sky-high tuition fees of BSM, parents have to prepare for additional fees amounting to at least ₱527,700 which covers the entrance fee, application fee, capital development fee, learning support fee, and payment for the yearbook. Official Website: https://www.britishschoolmanila.org/ 3. Brent International School Manila (BISM) BISM’s high school curriculum is different from DepEd’s current system. Grades 7 and 8 are under BISM’s Middle School program while Grades 9 to 12 are under its Upper School program. Students under the BISM Middle School program22 are taught the following subjects: English, Social Studies, Modern Languages (e.g., French and Spanish), Science, Mathematics, Arts, Computers, PE, Health, and a separate English-as-second-language class. Meanwhile, the Upper School Program23 offers the same classes as in middle school but with additional electives and Theory of Knowledge classes. Students may also pursue the prestigious International Baccalaureate (IB) diploma by following the BISM’s IB program24. Location: Biñan, Laguna Tuition Fees and Other Expenses: Tuition fees have two currency components ($ and ₱) that both need to be paid25. USD Component: $8,204 - $8,784PHP Component: ₱376,812 - ₱403,512 Estimated Total Tuition Fees: ₱844,768.20 - ₱904,551.40 per year BISM also charges additional fees amounting to around $6,585 (around ₱375,345). It covers the Capital Development Fee, Matriculation Fee, ESL fee, application fee, and reservation fee. 4. Chinese International School Manila (CISM) Accredited by the Council of International Schools (CIS) and East Asia Regional Council of Schools (EARCOS)26, CISM fosters holistic learning integrated with extra-curricular activities that help students prepare for their admission to international schools and colleges. Since CISM follows the American Core Curriculum, its curriculum is not similar to that of DepEd. Grade 7 and 8 are under the CISM Middle School program while Grades 9 to 12 are under the CISM High School program27 . Location: Taguig City Total Tuition Fees and Other Expenses: ₱460,100 - ₱546,77028 per year (additional school fees are discussed during the admission process). Official Website: https://cismanila.org/ 5. Reedley International School (RIS) With its Singaporean Mathematics and Science curriculum and American curriculum for other subjects, RIS is on par with prestigious and elite high schools outside the Philippines. Despite its international curriculum structure, its grading system follows the Deped’s K - 12 system with grades 7 to 10 under its Junior High School program and grades 11 and 12 under its Senior High School program (Reedley International School [RIS], 2021). Select RIS High School students may pursue special courses such as the CAPSTONE program, Foreign Language Program, Advanced Placement (AP), and so on. Location: Pasig City Tuition Fees and Other Expenses: ₱320,320 - ₱382,64029 per year Official Website: https://reedleyschool.edu.ph/ 6. Assumption College San Lazaro Makati Tracing its origin as early as the Spanish occupation of the country30, Assumption is one of the long-standing Catholic schools in the Philippines. The Assumption has a good reputation for providing high-quality education to students proven by its PAASCU Level IV accreditation. The school's notable alumnae are former presidents Cory Aquino and Gloria Arroyo31. Location: Makati City Tuition Fees and Other Expenses: ₱153,677 - ₱176,50432per year Integration of the IB program into the student's curriculum increases total fees up to ₱314,235. Official Website: https://www.assumption.edu.ph/ 7. Enderun Colleges Senior High School Enderun Colleges SHS strives to prepare students for prestigious schools here and abroad. Its current curriculum is aligned with DepEd’s K-12 system where students may opt to pursue the following strands: ABM, HUMSS, STEM, and GAS33. The school also offers the AP Capstone Program34 which allows students to obtain college credits in advance and immerse themselves in an international college experience. Location: Taguig City Tuition Fees and Other Expenses: ₱250,000 - ₱307,50035 per year Official Website: https://www.enderuncolleges.com/ 8. De La Salle Santiago Zobel School (DLSZ) Founded in March 197836, DLSZ, part of the large network of Lasallian schools in the Philippines, started as an elementary school. After two years, DLSZ officially opened its doors to high school students in hopes of providing a premier learning experience for students in southern Mega Manila. Location: Muntinlupa City Tuition Fees and Other Expenses: ₱185,593 - ₱199,51837 per year Official Website: https://www.dlszobel.edu.ph/ 9. Southville International School and Colleges (SISC) Founded in 199038, SISC International has a Basic Education curriculum primarily based on Common Core and British curricula. It also offers the International Baccalaureate (IB) Programme which is widely recognized by different international institutions. SISC ensures a high-quality pedagogy proven by its recognitions and accreditations including the Philippine Quality Award, WASC accreditation, and Investors in People Gold award from the IIP United Kingdom. Location: Las Piñas Tuition Fees and Other Expenses: ₱182,103 - ₱190,71239 per year (including miscellaneous fees and other direct costs) Official Website: https://www.southville.edu.ph/ 10. Xavier University Junior High School and Senior High School Xavier University - Ateneo de Cagayan is one of the most prominent schools in Mindanao. XU prides itself as one of the top universities in Asia40based on the 2016 Asia University Rankings. XU High School's curriculum follows the current K-12 system. XU Junior High School includes grades 7 to 10, and its Senior High School covers grades 11 and 12. Senior High School students may pursue any academic tracks (STEM, ABM, HUMMS, and GAS) or a technical-vocational track under its Center for Integrated Technologies. Location: Cagayan de Oro City Tuition Fees and Other Expenses: ₱58,457 - ₱64,43041per year Official Website: www.xu.edu.ph Top 10 Most Expensive Schools in the Philippines (University and College) Photo Credit: Enderun Colleges Official Website 1. Enderun Colleges With over 870 industry partners from more than 30 countries42, Enderun Colleges is one of the leading management schools in the Philippines preparing its students to thrive in the highly-competitive economy. Enderun offers degree programs in architecture, entrepreneurship, economics, technology, and international hospitality management43 . Location: Taguig City Tuition Fees and Other Expenses: ₱480,000 - ₱520,00044per year (including miscellaneous fees and other expenses) Official Website: https://www.enderuncolleges.com/ 2. Meridian International Business, Arts, and Technology (MINT) College Since its establishment in 201045, MINT College has proven that a leap to modernized education is the path forward. Just like any other college, MINT offers typical liberal arts and specialized degrees. However, the university has become widely known for its emphasis on creative programs such as music business, film and video, and performing arts. Some of MINT’s alumni are thriving in the music and entertainment industry. Location: Taguig City and Pasig City Tuition Fees and Other Expenses: ₱240,000 - ₱340,00046per year Official Website: https://mintcollege.com/ 3. De La Salle - College of Saint Benilde (DLS-CSB) DLS-CSB started in the late 1980s as a night school for working students. The “Saint Benilde” on its name stemmed from a 19th-century French Lasallian brother known for generosity to different folks47. DLS-CSB prides itself on having its School of Hotel, Restaurant, and Institution Management and School of Management and Information Technology conferred with level IV PAASCU accreditation. Location: Malate, Manila Tuition Fees and Other Expenses: ₱225,000 - ₱330,00048per year Official Website: https://www.benilde.edu.ph/ 4. De La Salle University (DLSU) DLSU was founded in 1911 by the Brothers of Christian Schools. It is a multi-campus university in Manila, Taguig, Laguna, and Makati. As of this writing, the university offers degree programs in science and mathematics, education, law, computer studies, liberal arts, economics, engineering, and business. Location: Manila (with campuses in Taguig, Laguna, and Makati) Tuition Fees and Other Expenses: ₱195,000 - ₱250,00049 per year Official Website: https://www.dlsu.edu.ph/ 5. Information and Communications Technology Academy (iAcademy) iAcademy offers degree programs in computing technology, business, design, and liberal arts. For more than 20 years50, iAcademy has proven itself as one of the leading technology-centered universities with its School of Computing as the first IBM Center of Excellence in Asia and an official Philippine Microsoft training center51. If you’re looking for an elite school to specialize in data science, software and network engineering, cloud computing, and game development, iAcademy is the best option. Location: Makati City Tuition Fees and Other Expenses: ₱190,000 - ₱245,00052per year Official Website: https://iacademy.edu.ph/ 6. Ateneo de Manila University (AdMU) Started as Escuela Municipal de Manila53 during the Spanish occupation, AdMU is one of the oldest universities in the Philippines. With more than 160 years of existence, Ateneo has produced several notable Filipinos throughout its history including two generals of the Filipino-American War (Antonio Luna and Gregorio Del Pilar), a former president (Benigno Aquino III), and one of the most celebrated heroes in our country’s history, Dr. Jose Rizal. Location: Quezon City Tuition Fees and Other Expenses: ₱218,000 - ₱240,00054 per year Official Website: https://www.ateneo.edu/ 7. University of Asia and the Pacific (UA & P) In 196755, the Center for Research and Communication (CRC), a private non-profit think-tank was founded. After 28 years, CRC transformed into an educational institution known as the UA & P. UA & P is widely known for its liberal education programs providing students the versatility until they start to select their preferred specialization. As of 2020, UA & P belongs to the 201-300th bracket among more than 760 participating universities of the Times Higher Education World University Rankings Location: Pasig City Total Tuition Fees and Other Expenses: ₱200,000 - ₱215,00056 per year Official Website: https://uap.asia/ 8. Miriam College Miriam College (formerly known as Maryknoll College) started in 192657 when Manila Archbishop Michael O’Doherty commissioned the Maryknoll Sisters of Saint Dominic of Ossining to establish a teacher-training program for women. Miriam College has conferred the CHED Center of Excellence in Teacher Education, Entrepreneurship, and Business Administration. It is also recognized as a Center of Development in Communication Arts. Location: Quezon City Tuition Fees and Other Expenses: ₱100,000 - ₱200,00058per year Official Website: https://www.mc.edu.ph/ 9. Mapua University Mapua University was founded in 1925 by Don Tomas Mapua, the first registered architect in the Philippines59. The university has been hailed as one of the best schools for engineering, science, technology, and information technology. Mapua is popular among Filipinos because of its impressive engineering education. Almost every student aspiring to be an engineer has Mapua as their dream college. As of this writing, it is the university with the largest number of engineering programs recognized by the CHED Center of Excellence. Location: Intramuros, Manila and Makati City Tuition Fees and Other Expenses: ₱104,400 - ₱192,00060 per year Official Website: https://www.mapua.edu.ph/ 10. Far Eastern University (FEU) Founded in 193461, FEU is the product of the merger of Far Eastern College and the Institute of Accounts, Business, and Finance (IABF). Since then, FEU has grown to become one of the most prominent schools in the country producing successful entrepreneurs, healthcare workers, national artists, media and entertainment icons, and public servants. FEU is recognized as the CHED Center of Development in Business Administration and the CHED Center of Excellence in Teacher Education program62. Location: Sampaloc, Manila (with campuses in Diliman, Makati, and Cavite) Tuition Fees and Other Expenses: ₱108,000 - ₱140,00063 per year Official Website: https://www.feu.edu.ph/ Is an Expensive School Worth It? For parents, enrolling their children in an expensive school is a crucial investment for their future. However, just like any investment, the returns are not guaranteed. Although these exclusive schools have a reputation for producing successful graduates, it does not guarantee your child’s future in the years to come. Nevertheless, going to an expensive school have the following advantages: Internationally accredited curriculum. The curriculum of these elite schools is based on international standards. Hence, enrolling your child in these schools will provide them with a world-class quality of education which will help give their resumes or CVs a boost. State-of-the-art facilities. Your child will have access to high-quality learning materials, laboratory equipment, computers and digital devices, and comfortable classrooms. Connections. It’s no secret that students going to these elite schools are from wealthy and popular families. Mingling your child with them opens a lot of employment and career opportunities in the future. Going to an exclusive school means you should be able to afford not just the expensive tuition fees but also the kind of lifestyle that awaits you there. These expensive schools are usually located at the heart of urban areas where food, lodging, and leisure costs are above their average price. With this, you need to be financially prepared to sustain your child’s education without compromising their needs. If you’re thinking of availing of a loan to help you finance your education, it might be a bad idea due to the high-interest rates offered by banks. Meanwhile, getting a scholarship grant is not always guaranteed due to limited slots. So, if you think you'll have default debts and headaches when you enroll your child in an expensive school, it’s not worth it. References