ASG Review:- Scholarships & guarantees for your children's schooling

The Australian Scholarship Group was created in 1974 as a non-profit group to help further the education of children in Australia. You can sign your child up and pay instalments that are then invested in medium to low risk ventures. When your child reaches highschool the group will start paying back the money, either in a lump sum or installments.

When the money is returned to you, since it's already your money and it's being used for education, you don't need to pay a cent. This also applies to your child - if they are receiving payments throughout university from the ASG, it won't change any student allowances they receive from agencies such as centrelink or change the amount of tax they need to pay if they are working.

I registered my baby girl at 4 months old - we are paying about $50 per month into the fund. With the small percentage increase each year, based on the national inflation rate as well as the increase over time in school fees (the ASG will provide an estimated school fee list for all your local schools), we estimated we will be paying approximately $110 a month by the time our daughter is twelve - the year before she starts to see a return from the fund.
Within twelve years (including inflation) we'll have paid about $10,000 into the fund. For highscool we'll receive back about $10,000 and another $10,000 over the university years.

• The money is untouchable even if you go bankrupt - unlike a child's bank account.
• You receive more than you put in.
• It means that you give your child options in education they may not have otherwise had.
• You can spend the money in any way you please - anything from private education to computer items.
• If your child doesn't goto university you just get a lump sum payment back.

The ASG is a registered investment group that has a history spanning over 35 years and are partnered with several well known community groups and charities. Many people have used them to fund their children's education with great results. I know of several families who now have grown up children that were helped through their high school and university years by the funds received from the ASG.