This is how prepaid tuition works.
With Plan Ankla, tuition is paid earlier and in parts. Each payment covers a share at that moment’s price, goes straight to the institution’s account, and the plan is fully paid by the day the course starts.
Four steps, from today to the first day of class.
- 1
Choose an institution and a start year.
The plan is calculated on that institution’s tuition.
- 2
Choose how to pay.
Monthly, quarterly, half-yearly or all at once; with a fixed instalment or one that follows the price.
- 3
Each payment covers a share.
It goes straight to the institution and covers a share of the tuition at that moment’s price.
- 4
Start with tuition covered.
Plan Ankla is fully paid before the course begins.
A percentage of the tuition, not an amount of money.
The tuition costs €12,000 today. You pay in €100 a month.
The instalment rises at the same rate as the price, so it buys the same fraction every year.
See the year-by-year figures
| Year | Tuition | Instalment | Bought that year | Cumulative coverage | Paid in |
|---|---|---|---|---|---|
| 1 | €12,000 | €100 | 10% | 10% | €1,200 |
| 2 | €12,480 | €104 | 10% | 20% | €2,448 |
| 3 | €12,979 | €108 | 10% | 30% | €3,746 |
| 4 | €13,498 | €112 | 10% | 40% | €5,096 |
| 5 | €14,038 | €117 | 10% | 50% | €6,500 |
| 6 | €14,600 | €122 | 10% | 60% | €7,960 |
| 7 | €15,184 | €127 | 10% | 70% | €9,478 |
| 8 | €15,791 | €132 | 10% | 80% | €11,057 |
| 9 | €16,423 | €137 | 10% | 90% | €12,699 |
| 10 | €17,080 | €142 | 10% | 100% | €14,407 |
Illustrative estimate based on an assumed 4% annual increase. It is not an offer, a forecast or an investment product: what builds up is coverage of the future education service.
Each payment covers at the price of the day it is paid.
Education in Spain has risen every year for the past two decades. It has not fallen in a single year. What is already covered is not recalculated when the price goes up.
Price series: INE, Education CPI.
A place that costs €12,000 today would cost €17,763 ten years later, assuming a 4 per cent annual increase.
Illustrative assumption of a 4 % annual increase. It is not a forecast or a commitment.
The money goes straight to the institution.
Ankla provides the technology and never holds third-party funds. That is why an institution’s operation does not depend on Ankla continuing to exist.
It provides the software and the network of institutions.