Nearly nine in 10 South African parents say they plan for their children’s education, but new research suggests there is a significant gap between having a plan and being financially prepared.

The findings come from FNB’s inaugural education insights 2026 research, which surveyed 444 parents and caregivers earning more than R20 000 a month, supported by qualitative interviews and an online community involving another 50 participants.

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The research was discussed at an education event featuring a panel of industry experts at the Wits Digital Dome on September 30, where the focus was on helping families better understand the financial realities of the education journey.

According to Thokozile Skhosana-Kgogo, public relations manager: FNB Corporate Affairs, parents are generally thinking ahead, but many start later than they would like. “While most parents plan one to two education phases ahead, just over half only begin planning once their children are already in school,” she said.

The research found that most parents rely heavily on salaries, bonuses and general savings, while nearly two-thirds underestimate the true cost of education.

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Rising fees are not the only concern. Parents also have to budget for stationery, uniforms, transport, meals, technology, sport, extracurricular activities and school trips. At tertiary level, accommodation and living expenses add further pressure.

Skhosana-Kgogo said the findings highlight the value of starting early.

“The earlier parents start planning, the greater the opportunities they can create for their children,” she said.

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