School Fees Keep Rising, Education Funds Must Be Prepared Early
JAKARTA – The rising cost of education is driving the importance of early family financial planning. Preparing education funds is considered a key step to anticipate the ever-increasing costs of schooling as children advance through the education system.
According to the 2024 Education Supporting Statistics published by the Central Statistics Agency (BPS), the average cost of education at the primary school level reaches Rp4.56 million per academic year. This figure rises to Rp10.19 million per academic year at the senior high school or vocational school level.
The data shows that education is a long-term need requiring careful financial planning. In addition to increasing with the level of education, costs also vary across different household groups.
Among the top 20 percent of households by expenditure, the average cost of primary education reaches Rp8.88 million per academic year. Meanwhile, for the bottom 40 percent of households, the figure stands at Rp3.28 million per academic year.
PT Asuransi Jiwa IFG (IFG Life) believes that education fund planning should be part of family financial management so that children’s educational needs can be met without disrupting other financial obligations.
Fabiola Noralita, Individual Business Director and Acting Corporate Business Director of IFG Life, said that education planning should be done well before a child reaches school age.
"Every parent wants to provide the best education for their children. Therefore, education fund planning should not wait until the child enters school, but should be prepared from an early stage as part of family financial planning," Fabiola said on Wednesday (24/6/2026).
She added that families also need to account for various risks that could affect household finances so that education plans can proceed as expected.
The need for early education planning is seen as increasingly relevant amid Indonesia’s demographic bonus. With the majority of the population in the productive age bracket, more families are in the phase of building their future and preparing for various long-term needs.
Meanwhile, the 2025 National Survey on Financial Literacy and Inclusion (SNLIK) shows that the level of insurance literacy among the public has only reached 45.45 percent, while the inclusion rate stands at 28.50 percent. This indicates there is still room to improve public understanding of financial protection instruments as part of future family planning.
Fabiola stated that education is a financial goal that must be prepared for and safeguarded. Therefore, careful planning and protection against financial risks are crucial factors in ensuring the continuity of children’s education in the future.