Anyone thinking of frontloading some UK tuition now in case exchange rate moves?
Can u do that? At our Edinburgh meeting, they mentioned you pay during Freshers week. You can choose to pay for the entire year or spread out the payments. Obviously if you feel exchange rates are low, paying up front is a good bet.
St. Andrews allows you to pay all 4 years tuition up front for a discount.
Wow- that’s cool–
Is your student leaning toward StA? My D firmed Edi and made Glasgow insurance. We are leaving tomorrow to revisit both campuses and attend post offer days. Plan to scope out housing options and then apply for housing when we get back.
Well if you think it is a good idea then do it. Will you be able to take US tax credits (can you anyway?) if you pay all in one tax year? Can you get a refund if your child doesn’t attend or decides to leave?
My daughter is on a semester abroad (in London, she’s safe) and I paid her bill in US$. No exchange rate for tuition and room. In fact, I paid it by credit card and there was no fee for that (so got the CC points for free). She, of course, pays an exchange rate on any money she takes from the ATM, or what she charges on the credit card.
She is leaning that way. Since offer is unconditional I don’t think she needs an insurance.
@twoinanddone tuition payment will be made by wire transfer from our 529. Currently exchange rate is at 1.25 dollars per pound and has been creeping up. At 20K pounds per year for 4 years a small fluctuation can be a pretty big difference.