Thousands of sinkies have sent their kids to study in Australia every year. Are they morons for paying good money for bad honey?
It is worthwhile if their children don't come back. ANZ still welcomes Singaporeans. Many ANZ cities are good places to raise kids, eg Perth, Adelaide, etc
Easy to qualify for PR after graduation, enjoy the social welfare and the grand kids get to enjoy ultra high subsidy in education.
Better job prospects if they don't return to SG.
PS: UNSW provides bond-free scholarship for the top 2 students of each diploma course from all polytechnics in Singapore.