A PLAN to reduce the pain of paying for children's educational expenses has been launched by insurance firm AMP. General manager agency and marketing, Harrison Li, said education was likely to be the single biggest investment parents made in their children's futures. But paying for tuition placed a severe strain on most families' budgets. As the cost of tertiary education increased each year, parents who had not planned ahead might not be able to afford fees when the time came. The new plan, Junior Champion, helps parents plan and save for the day their children are ready to further their studies locally or abroad. Cash payments are made when the students turn 19, 20 and 21. 'By putting money away now, on a regular basis,' Mr Li said, 'parents can ensure there is money to help their children through college. It will surely ease their burden.'