Every parent wants to give their child the best education possible. But between rising school fees and the everyday demands of raising a family, planning ahead can feel overwhelming. And when misconceptions about education plans get in the way, it can be even harder to know where to start.

Here are some common myths about education plans in Nigeria and the facts parents should know.

Myth 1: “My child is too young for an education plan.”

Fact: The earlier you start, the more time you have to prepare. Starting an Education Plan early gives you more time to build towards future school fees instead of trying to find a large amount of money when the payment deadline arrives.

With the Leadway Education Target Plan, you can start as early as when your child is born.

Myth 2: “Education plans are only for wealthy parents.”

Fact: You don’t have to wait until you have a huge amount of money to start planning.

The Leadway Education Savings Plan allows parents to contribute with premiums as low as ₦10,000 monthly.

Myth 3: “Education plans are too complicated.”

Fact: Planning for your child’s education can be simple and flexible. With the Leadway Education Plan, you can choose a payment option that works for you and your financial goals.

Need help understanding your options? A Leadway agent can guide you through the plan and help you choose what best suits your child’s education needs.

Prefer to do it yourself? You can also purchase the plan directly on the Leadway website in just a few minutes.

Myth 4: “An education plan means I can’t access my money.”

Fact: An education plan is designed to help you stay committed to your child’s education goals, but that doesn’t necessarily mean your money is completely inaccessible throughout the policy term.

Depending on the plan you choose, you may have options such as quarterly withdrawals, loans, or partial surrenders, subject to the applicable terms and conditions.

Myth 5: “It’s basically the same thing as a normal savings account.”

Fact: A regular savings account helps you put money aside, but it isn’t specifically structured around your child’s education, may not offer the same potential returns, and doesn’t come with insurance protection for that goal.

Leadway Education Plans are designed specifically around your child/children’s education goals, with insurance protection that can help keep your child’s education on track if the unexpected happens.

Conclusion

Don’t let these myths stop you from enjoying the benefits Leadway Education Plans offer. Whether you’re looking for an education savings plan in Nigeria or a structured way to prepare for future school fees, starting early can make a difference.

Your child’s education is too important to leave to chance. Visit www.leadway.com or send us a DM here to start planning for their future today.