A total of 570 Singaporeans were interviewed for the Friends Provident International poll, a recent investor attitudes survey carried out from Oct. 7 to 18 this year.

This survey revealed 9 mind-boggling findings:

1. 61 percent of respondents plan to send their child to a university in Singapore.

2. 57 percent of respondents are saving or planning to save for a child to go to university

3. 73 percent of the survey respondents with children start saving for university education before the child turns five years old.

4. Of these, 51 percent are saving or plan to save so that their child can do a typical three-year undergraduate degree course,

- 33 percent want to fund a master's degree for their child,

- while 12 percent are aiming to set aside enough money for their child to study for a doctorate.

5. The poll found that of the respondents aiming to save enough for a child's tertiary education, 39 percent expect their offspring to study overseas, with the United States, Australia and Britain being popular destinations.

6. Those planning for tertiary education in the US estimate that they will need between $150,000 and $250,000

7. For Britain it will be between $120,000 and $150,000

8. And from $150,000 to $200,000 for Australia.

9. The survey also found that about 67 percent of investors with children plan to save or are saving $500 and $3,000 a month for each child's tertiary education

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