Plan for school expenses across the year

School costs may arrive at different times. A shared list of confirmed amounts and dates can help a household discuss what needs attention first. Education was among the uses of OFW remittances reported by households surveyed in the BSP’s fourth-quarter 2024 Consumer Expectations Survey. This does not mean every family’s expenses are alike. BSP Consumer Expectations Survey, fourth quarter 2024

Gather information before setting a target

Ask the school for its current payment schedule and the costs that apply to the student. Include other relevant costs the family identifies, such as transport, supplies or connectivity. Note which amounts are confirmed, which are estimates and who provided the information. Do not assume every school requires the same purchases or fees.

Put known deadlines on a calendar. For any cost that is not yet known, write down when and where to check. Discuss what is already covered, what remains to be planned and who can follow up with the school if a deadline or charge is unclear.

Review the plan when things change

Compare upcoming costs with the household’s available resources and other commitments. If there is a gap, contact the school early to ask what options exist; do not assume a payment arrangement or assistance will be available. Revisit the list as the school provides updates and share only the details family members need.

This is general educational information. Confirm all costs and dates with the school.

Quick checklist

• Ask the school for applicable costs and deadlines.
• Separate confirmed amounts from estimates.
• Discuss priorities and ask the school about available options if needed.