Intellect or Age Peer?

[corneyAmber]

2ppaamm, I am curious about the financial part.

To accelerate the advanced or gifted children to uni so soon, financially is it a burden to the parents as opposed to the normal route where scholarships can be obtained?

[2ppaamm]

ksi:

2ppaamm, I am curious about the financial part.

To accelerate the advanced or gifted children to uni so soon, financially is it a burden to the parents as opposed to the normal route where scholarships can be obtained?

Trying to work out the financial part and post it. The costs involves not just the university costs, you have to weigh the opportunity costs as well as the cost of tuition and time value of money, and inflation etc. Off the top of my head, accelerating a child can only be cheaper, unless the family completely DIY the education. It is possible to get scholarships, there are plenty available besides those available from govt. In any case, govt scholarships are only meaningful if the kid wants to be in PSC. Every university has their scholarship programs and these are available to most students. In fact about 80-90% of students from Ivies get scholarships. If your kid is a very early entrant, it will not be difficult to get a scholarship, if the kid has special other abilities, and the uni believes they can 'leverage' on the kid's reputation and add value to their alumni. I will calculate these out when I get some time today and post it.

[corneyAmber]

2ppaamm:

ksi:

2ppaamm, I am curious about the financial part.

To accelerate the advanced or gifted children to uni so soon, financially is it a burden to the parents as opposed to the normal route where scholarships can be obtained?

Trying to work out the financial part and post it. The costs involves not just the university costs, you have to weigh the opportunity costs as well as the cost of tuition and time value of money, and inflation etc. Off the top of my head, accelerating a child can only be cheaper, unless the family completely DIY the education. It is possible to get scholarships, there are plenty available besides those available from govt. In any case, govt scholarships are only meaningful if the kid wants to be in PSC. Every university has their scholarship programs and these are available to most students. In fact about 80-90% of students from Ivies get scholarships. If your kid is a very early entrant, it will not be difficult to get a scholarship, if the kid has special other abilities, and the uni believes they can 'leverage' on the kid's reputation and add value to their alumni. I will calculate these out when I get some time today and post it.

ok thanks.

[2ppaamm]

http://i41.tinypic.com/xtvky.gif\">

Ok, I have worked out the differences in cost in a simplistic way. If you want a more detailed one, I will do a spreadsheet and find a way to host it so that we can all benefit from it. The cost of tertiary is based upon the kid going to a local uni (NUS or NTU, not SMU because SMU is more expensive), and the cost of university is what I paid for the kids over 4 years. I did not add inflation to the cost of university, if they are not on a scholarship. I also added extra living expenses assuming the kid does not live with the family overseas, but I did not add food, assuming the kid needs to eat either here or overseas. Add that if you think otherwise.

I made some assumptions here:
1. Tuition cost is $200 a month from P1 to JC2.
2. The child goes to a good independent sec and jc school and therefore fees is about $250.
3. In both situations, the kid can start work at $3000 salary a month.
4. In both cases, I compounded the salary based 5% increment per year. It means that the accelerated child will have a salary about $1,200 higher than one who is not accelerated, and probably at a higher position. I did not factor the pay change with a promotion.
5. I also assume no scholarship on both occasions.

Hope this helps.

[Chenonceau]

chamonix:

How does your son find the Edward Zaccaro's books?

Both 2ppaamm's and your children are very blessed to have you ladies as mothers. Don't dwell too much on what you didn't do. From what you shared about your son, he is an intelligent, fine young man. Kudos for doing a great job! :rahrah:

Thanks Chamonix... actually, I am thinking of going up to Chamonix this June hols.

He loves both Edward Zaccaro I bought.

(1) http://www.amazon.com/Things-Future-Mathematicians-Scientists-Rarely/dp/0967991544

(2) http://www.amazon.com/Real-World-Algebra-Edward-Zaccaro/dp/0967991528/ref=pd_sim_b_4

[2ppaamm]

And the kids had a lot of fun reading this. :evil:

http://www.amazon.com/Vocabulary-Cartoons-SAT-Word-Power/dp/0965242234/ref=sr_1_1?ie=UTF8&qid=1328676316&sr=8-1

[Chenonceau]

2ppaamm:

And the kids had a lot of fun reading this. :evil:

http://www.amazon.com/Vocabulary-Cartoons-SAT-Word-Power/dp/0965242234/ref=sr_1_1?ie=UTF8&qid=1328676316&sr=8-1

Vocabulary lists... looks boring leh... You sure fun? Real anot?

[phankao]

ksi:

deminc:

Thanks ksi! I \"catch the ball\" now, haha! So 2ppaamm is saying that actually all applicants require approval, but for most, the approval is automatic. In this case, MOE exercised its gatekeeper role to keep the child in local education system, which I personally think is due to their very open stance that as far as possible, gifted children should be kept within MOE system.


Or did the ball roll away from me again??

No..the ball did not roll this time... I am also beginning to find out from 2ppaamm that at SECONDARY, they also try to control...maybe for gifted kids. Those I am aware are just normal kids from local primary school switching to international at secondary because firstly parents are rich enough, secondly, hate the exam system in local schools.

Maybe only control the gifted, lah.

I know one boy from my son's year went to Hwa Chong International even though score for psle around 180+

[jtoh]

phankao:

Maybe only control the gifted, lah.

I know one boy from my son's year went to Hwa Chong International even though score for psle around 180+

SJI International must score PSLE minimum 230.

[phankao]

jtoh:

phankao:

Maybe only control the gifted, lah.

I know one boy from my son's year went to Hwa Chong International even though score for psle around 180+

SJI International must score PSLE minimum 230.

Who knows...maybe can donate money.