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Exchange-traded funds (ETFs) are well-known for their low costs and liquidity, but many investors ignore an additional, undervalued benefit of ETFs: tax efficiency. In this crucial aspect, ETFs outperform Mutual Funds by a long shot.   ETFs may owe this tax efficiency to their very structure and their trading, creation, and redemption. Structural components contribute to tax efficiency; lower turnover in passive strategies than active strategies, secondary market trading possibilities, and the structural tax advantages of in-kind redemptions.  As a result, ETF investors have more control over when they pay taxes, i.e., when they sell their shares, rather than when other shareholders buy and sell.   In the USA in 2018, only 10% of ETFs paid out capital gains to investors, but 61% of mutual funds did. Mutual funds paid an average of 4.5 percent capital gains as a percentage of NAV, while ETFs paid only 0.2 percent.   Source: pixabay How are ETFs so tax efficient 1. Passive turnover   According to Morningstar, only 4% of mutual funds are passive, compared to 89 percent of ETFs. Passive strategies, on average, have lower portfolio turnover than active methods.   As a result of the decreased turnover, there are fewer instances of securities selling at a profit, and hence fewer opportunities for shareholders to receive capital gains.   Thus, the very basis of the management of a fund leads to lower or higher tax efficiency. A passive ETF is more tax-efficient than actively managed ones, as passive strategies eliminate the need for continuous rebalancing.   2. Secondary market trading  Unlike mutual funds, exchange-traded funds (ETFs) get traded on stock exchanges. Only 10% of ETF trades affect the underlying portfolio through the primary market, with the rest occurring between investors in the secondary market.   On the other hand, all activity of mutual funds has to occur in the primary market, affecting the underlying portfolio.  When a mutual fund investor requests a redemption, the fund has to sell the securities to cover the obligation. On the other hand, when an individual investor wishes to sell an ETF, he simply sells it in the secondary market. For the ETF, there is no bother and so no capital gains transaction.  This structural difference limits the fund-level transactions. As a result, compared to mutual funds that invest in similar assets, this has a lower cost of ownership and higher returns.  ETFs vs Stocks Read More 3. Structure  Instead of selling securities for cash, the ETF issuer can satisfy redemptions and portfolio rebalance in-kind (exchanging securities for ETF shares) in the ETF primary market.   This in-kind transaction does not result in a taxable event for the fund. It can protect fund shareholders from capital gains from other shareholders' buying and selling decisions.  When an AP redeems ETF shares, the issuer does not immediately rush to sell ETF shares to pay the AP in cash. Instead, he's paid "in-kind" by delivering the ETF's underlying assets.   No capital gains, therefore. Additionally, the ETF provider selects the stocks to be given to the AP, making sure that the shares with the lowest tax liability are given to the AP.  This leaves the ETF issuer with only shares acquired at or even above the market rate, lowering the fund's tax burden and, as a result, providing investors with better after-tax returns.  For some ETFs, the mechanism does not augur well. Fixed-income ETFs are less tax-efficient than other ETFs due to higher turnover and recurrent cash-based creations and redemptions.   That said, ETFs win hands down, with two decades of evidence pointing out their high tax savings compared to any other investment avenue.  FAQs Are ETFs a good investment for a new investor? Exchange Traded Funds are usually considered to be low-risk investments as not only are they low-cost but also hold various stocks and securities, thus increasing diversification. What is an ETF? An ETF stands for exchange-traded fund (ETF). One single ETF is a basket of securities that can be bought and sold like mutual funds through a brokerage firm. ETFs track a specific index such as S&P, sector, commodity, or other assets. Much like stocks, ETFs can be traded on the market. How to invest in ETFs? You can invest in ETFs using the EduFund App. All you need is a US account to start investing. Get started using this link Consult an expert advisor to get the right plan for you TALK TO AN EXPERT

Thanks to its renowned universities, vibrant student cities, and well-planned lifestyle, Canada is a highly sought-after location for international students to pursue their studies. In 2023, Canada's tuition fees for international students will reflect the vast array of opportunities available with both high-end and affordable universities. With more than 30 universities featured in the prestigious World University Rankings by THE (Times Higher Education), Canada boasts some of the finest academic institutions in the world. Keep reading for valuable insights into the tuition fees for international students in Canada in 2023, the cost of living, and scholarship possibilities for studying in "The Great White North." https://www.youtube.com/watch?v=x9B8449Iuw4 Canadian Tuition Fees for international students in 2023 In 2023, international students studying in Canada can expect to pay tuition fees generally lower than those in countries like the United Kingdom, the USA, or Australia. However, they can still be relatively high. The actual cost of tuition may vary from year to year and can also depend on factors such as the city or specific degree program being pursued. For example, some of the cheapest universities in Canada can be found in Newfoundland, while Ontario tends to have the most expensive options. https://www.youtube.com/watch?v=k8c_dfmXMkA 1. Bachelor's degrees For Bachelor's degrees specifically, it is possible to find affordable universities in Canada with tuition fees ranging from ₹70 to 95 lakhs for the entire program. However, it is essential to note that programs such as Medicine, Engineering, and Social Science fall under the most expensive categories. Bachelors in Business & Management: ₹85 – ₹95 lakhs Bachelors in Computer Science & IT: ₹75 – ₹80 lakhs Bachelors in Engineering & Technology: ₹85 – ₹95 lakhs Bachelors in Social Sciences: ₹70 – ₹80 lakhs Bachelors in Law: ₹80 – ₹90 lakhs 2. Master's degrees The tuition fees range from ₹20 to 80 lakhs, with the highest costs typically associated with pursuing a Master's degree in Business, Engineering, Computer Science, and Law. Masters in Business & Management: ₹70 – ₹80 lakhs Masters in Computer Science & IT: ₹20 – ₹30 lakhs Masters in Engineering & Technology: ₹30 – ₹40 lakhs Masters in Law: ₹20 – ₹30 lakhs Masters in Social Sciences: ₹20 – ₹30 lakhs The tuition fee ranges for Bachelor's and Master's programs in Canada serve the purpose of helping you determine the budget required for your studies. Selecting the most costly programs is unnecessary, as high expenses do not always equate to better education. Similarly, choosing the cheapest university for financial convenience may not ensure satisfaction. It is recommended to strike a balance between your budget, tuition fees, and your educational goals.  Please note that Canadian college fees can be extremely high, sometimes exceeding ₹60 lakhs per year, but we have excluded them from the tuition ranges as they are infrequent. 3. Inexpensive Canadian universities Here is a list of universities in Canada that are more affordable: University of Regina: ₹1.5 – ₹8.5 lakhs Memorial University of Newfoundland: ₹3.5 – ₹12.5 lakhs Athabasca University: ₹11 – ₹13.5 lakhs University of Saskatchewan: ₹18 – ₹44 lakhs Royal Roads University: ₹20 – ₹30 lakhs Several study programs at Canadian universities, even the most affordable, have an annual cost exceeding ₹20 lakhs. Typically, these programs include Master's degrees in Business, Law, Dentistry, and MBA (Master of Business Administration). Pursuing an MBA can be particularly expensive, with tuition fees exceeding ₹30 lakhs per year. Recommended universities in Canada University of Toronto Thompson Rivers University York University University of Winnipeg Humber College The tuition fees for international students studying in Canada in 2023 that were previously mentioned are derived from the study programs featured on our portals. You may come across degree programs that are less expensive or more costly than the ones offered by these universities. Fee Structure of UK Universities Read More Cost of living for a student in Canada Living expenses in Canada vary by location, ranging from ₹50,000-92,000/month in most provinces to ₹1.25 lakhs/month in Vancouver and Calgary.  Accommodation options include: Student residences cost ₹15,000 - ₹40,000/month. University-arranged homestays cost ₹25,000 - ₹50,000/month. Apartment rentals cost ₹18,000 - ₹43,000/month. Essential utilities cost around ₹10,000/month, and the internet typically runs between ₹3,000-4,300/month.  Food costs can be kept to around ₹18,000/month by shopping at affordable supermarkets while dining out can be expensive (₹600 - ₹1,500/meal).  Monthly transport passes are discounted at ₹5,500 for university students aged 18-25. Taxis cost ₹120-400/kilometer. Funding and financial support Although tuition fees for international students in Canada may be high in 2023, don't let that discourage you from pursuing your dreams! Fortunately, numerous financial aid programs are available to support international students in Canada. Below are just a few examples: 1. Scholarships offered by Canadian universities for Masters's and PhD programs. 2. Scholarships designed to promote collaboration between non-Canadian academic institutions and the local academic community. If there is any confusion regarding the fee structure or a need for any advice, our team of efficient financial advisors is just a call away to clarify your doubts. Consult an expert advisor to get the right plan Talk To An Expert

The EduFund college cost calculator is India’s first education cost calculator that helps parents estimate the future cost of college. This user-friendly calculator provides accurate estimates of future costs associated with higher education, allowing individuals to make informed financial decisions.  https://www.youtube.com/watch?v=aV0_hgP8S1w India’s first college cost calculator in India  EduFund's College Cost Calculator is the first of its kind in India, specifically designed to cater to the unique needs of Indian students and parents. It considers various factors such as tuition fees, living expenses, scholarships, and rate of inflation to provide a comprehensive estimation of the total cost of a college education.  1. Saving for College made easier  One of the key features of EduFund's College Cost Calculator is its ability to help individuals save for college expenses. By inputting their current savings and monthly contributions, users can visualize how their savings will accumulate over time. This feature allows students and parents to set realistic savings goals and create a solid financial plan for future education.  2. Beyond Tuition Fees: School Fees, Laptops, Books, and More EduFund's College Cost Calculator goes beyond just estimating tuition fees. It considers additional expenses such as school fees, accommodation costs, transportation, laptops, textbooks, and other educational resources. By including these factors, the calculator provides a more accurate and holistic picture of the overall expenses students and parents may encounter during the college journey.  3. User-Friendly Interface  EduFund's College Cost Calculator boasts a user-friendly interface that simplifies the process of calculating college expenses. With intuitive navigation and clear instructions, users can effortlessly input relevant information and receive instant estimates. The calculator ensures that even individuals without a financial background can easily comprehend and utilize the tool effectively.  4. Future cost of studying  One of the most powerful aspects of EduFund's College Cost Calculator is its ability to calculate the future cost of studying. By considering the projected inflation rate and the duration of the course, the calculator provides an estimation of the total cost a few years down the line. This foresight allows students and parents to plan and adjust their financial strategies accordingly.  Calculate College Cost How to use EduFund's college cost calculator?  Using EduFund's College Cost Calculator is a straightforward process that allows students and parents to gain valuable insights into the financial aspects of higher education. By following these simple steps, users can effectively utilize the calculator to plan for college expenses:  Visit the EduFund Website:  Access EduFund's official website to find the College Cost Calculator. The calculator is usually prominently displayed on the homepage or can be located in the "Tools" or "Resources" section.  Provide Basic Information:  Begin by entering the required basic information. This typically includes the current age of the student, the age at which they plan to start college, and the expected duration of the course. Input College Expenses:  Next, input the various college expenses that need to be considered. These may include tuition fees, school fees, accommodation costs, transportation expenses, books, laptops, and other related costs. EduFund's calculator is designed to provide a comprehensive estimation of all potential expenses.  Consider Inflation:  To ensure an accurate projection, the calculator factors in inflation rates. Enter the expected inflation rate based on historical data or estimates. This step is crucial as it helps account for the rise in college costs over time.  Include Current Savings:  If you have any existing savings earmarked for college, include them in the calculator. Enter the current amount saved as well as any ongoing monthly contributions towards the college fund. This feature allows users to understand how their savings can grow over time.  Review and Analyze Results:  Once all the necessary information has been entered, review the results provided by the calculator. EduFund's College Cost Calculator typically generates a detailed breakdown of the estimated total cost of college education, including a year-by-year analysis. It may also provide insights into the amount needed to save monthly or annually to achieve the desired goal.  Adjust Parameters:  If the results do not align with your expectations or financial capabilities, you can adjust the parameters within the calculator. Try modifying the duration of the course, monthly contributions, or inflation rate to explore alternative scenarios and find a plan that suits your needs.  Save or Print Results:  To have a record of your calculations or to share the information with others, consider saving or printing the results. This allows you to refer back to the estimates and financial projections whenever needed.  Remember, EduFund's College Cost Calculator is a dynamic tool that helps you gain insights into the future cost of studying. As circumstances change, such as college selection, scholarships, or financial situations, you can revisit the calculator to adjust and refine your financial plan accordingly.  By following these steps and utilizing EduFund's College Cost Calculator, students and parents can proactively prepare for the financial demands of higher education, empowering them to make informed decisions and create a solid financial strategy for a successful college journey.  What is College Cost Calculator? Read More Conclusion Empowering Financial Preparedness with EduFund's College Cost Calculator. By providing accurate estimations, a user-friendly interface, and comprehensive insights, this tool equips students and parents to plan effectively, ensuring a stable financial foundation for higher education. 

The cost of education after 20 years in India is a major concern for many parents. The average cost of raising a child in our country is nearly 30 lakhs by the age of 18 years. If a parent wants to send their child abroad, this cost triples in amount. How can the average Indian keep up with these rising costs of education?  https://www.youtube.com/watch?v=tdwqQH0xkFw 1. Understanding Education Inflation in India  Education inflation refers to the increase in the cost of education over time. It is influenced by various factors such as increasing operational costs, infrastructure development, faculty salaries, and technological advancements. In India, education inflation has been a significant contributing factor to the rising cost of education.  2. The Current State of Education Cost Inflation  Over the past two decades, the cost of education in India has been witnessing a steady and substantial increase. Factors such as economic growth, population growth, and changing market dynamics have contributed to the escalation of education expenses. As a result, families and individuals must plan to cope with the potential financial challenges.  https://www.youtube.com/watch?v=mqJUewxyzS8 3. Impact on Families and Individuals  Education inflation poses a significant financial burden on families and individuals. The cost of schooling, tuition fees, textbooks, accommodation, and other related expenses continue to rise. This inflationary trend can make it increasingly difficult for parents to afford quality education for their children and put pressure on individuals seeking higher education. https://www.youtube.com/watch?v=aV0_hgP8S1w 4. Planning for Future Educational Expenses  Given the projected increase in education costs after 20 years, it is essential to develop effective strategies for planning future educational expenses. Some key considerations include:  Start Early: Begin saving for education as soon as possible to take advantage of compounding interest and mitigate the impact of education inflation.  Explore Investment Options: Research various investment avenues, such as education-specific savings plans, mutual funds, or fixed deposits, that can help accumulate funds for future educational needs.  Consider Scholarships and Financial Aid: Stay informed about available scholarships, grants, and financial aid options to alleviate the financial burden associated with education costs.  Evaluate Education Loan Options: Understand the terms and conditions of education loans and assess the feasibility of borrowing to meet educational expenses while considering repayment obligations.  To address the growing concerns related to education cost inflation, collaboration between the government and educational institutions is crucial. The government can introduce policies to regulate and monitor fee hikes, encourage transparency in cost structures, and provide financial support to deserving students. Educational institutions can also adopt responsible pricing practices and explore cost-saving measures to ensure access to education remains affordable.  Calculate Education Cost Read More 5. The Role of Technology in Mitigating Education Inflation  Technology has emerged as a powerful tool in mitigating the impact of education inflation. Online learning platforms, virtual classrooms, and digital resources have provided cost-effective alternatives to traditional education methods. By leveraging technology, educational institutions can reduce infrastructure costs and offer flexible learning options. Additionally, advancements in e-books, open educational resources, and digital libraries have made educational materials more accessible and affordable for students.  6. Addressing Socioeconomic Disparities  Education cost inflation can exacerbate socioeconomic disparities, making quality education unattainable for many. It is crucial for policymakers and educational institutions to address these disparities and ensure equal access to education. Initiatives such as need-based scholarships, subsidized education loans, and targeted financial aid programs can help bridge the gap and make education more affordable for disadvantaged students.  7. Advocating for Policy Reforms  To effectively address education cost inflation, advocacy for policy reforms is vital. Stakeholders, including parents, educators, policymakers, and students, should come together to raise awareness and voice their concerns regarding rising education expenses. This can prompt policymakers to take necessary measures such as regulating fee structures, promoting transparency in cost calculations, and implementing long-term strategies to curb education inflation.  8. The Importance of Financial Literacy  Financial literacy plays a significant role in preparing individuals and families for the future cost of education. By understanding financial concepts such as budgeting, saving, and investing, individuals can make informed decisions regarding educational expenses. Promoting financial literacy programs in schools and colleges can empower students to manage their finances effectively and plan for their educational aspirations.  Conclusion Addressing the rising cost of education after 20 years in India requires a multi-pronged approach involving technology, policy reforms, financial literacy, collaborations, and investments in infrastructure. By taking proactive measures, we can ensure affordable and accessible education for all.  Consult an expert advisor to get the right plan TALK AN EXPERT

Welcome to the world of joint degree programs! If you're dreaming of earning degrees from two different schools or countries, but are worried about financing it, an abroad education loan can be your gateway to realizing your educational aspirations. Discover how to make it work for yourself.  Understanding Joint Degree Programs  Joint degree programs offer students a unique opportunity to earn degrees from two different schools or countries. These programs often combine the expertise and resources of multiple institutions, providing a diverse and enriching academic experience. Before exploring how to finance such programs, it's essential to have a clear understanding of the joint degree program you wish to pursue.  1. Researching Abroad Education Loan Options  Identify Lenders: Start by researching financial institutions or lenders that specialize in providing education loans for international students. Look for lenders with experience in funding joint degree programs specifically.  Loan Criteria: Understand the eligibility criteria, interest rates, repayment terms, and other conditions associated with abroad education loans. Compare different lenders to find the best loan options that suit your needs.  Loan Application Process: Familiarize yourself with the loan application process. Gather the necessary documents, such as admission letters from both institutions, financial statements, and identity proofs, to support your loan application.  https://www.youtube.com/watch?v=4gTQkdePOWM 2. Financial Planning and Budgeting  Tuition and Living Expenses: Determine the total cost of the joint degree program, including tuition fees, accommodation, transportation, health insurance, and other living expenses. Create a comprehensive budget to estimate the amount of funding required.  Loan Amount: Calculate the loan amount you need to cover your expenses. Consider both tuition fees and living costs, ensuring you have a realistic estimate to avoid any financial difficulties during your studies.  Collateral and Guarantor: Some lenders may require collateral or a guarantor to secure the loan. Understand the collateral options available, such as property or investments, and assess the feasibility of providing a guarantor if necessary.  https://www.youtube.com/shorts/rTHsIe85tMY 3. Loan Repayment and Financial Management  Repayment Plans: Understand the repayment plans offered by the lender. Consider options such as deferred repayment, interest-only payments during the study period, and flexible repayment terms. Choose a plan that aligns with your financial situation and future goals.  Financial Management: While studying, practice effective financial management to ensure you make the most of your borrowed funds. Keep track of your expenses, stick to your budget, and explore opportunities for part-time work or scholarships to supplement your income.  Post-Graduation Financial Planning: Plan for the post-graduation phase, including job prospects, expected income, and repayment strategies. Develop a realistic financial plan to manage your loan repayments effectively once you start working.  https://www.youtube.com/shorts/uPGJr3BiXpI 4. Seek Professional Guidance  If you're uncertain about the loan process or need assistance in financial planning, consider seeking guidance from educational consultants, financial advisors, or student loan counselors. Their expertise can provide valuable insights and help you make informed decisions about financing your joint degree program.  Remember, an abroad education loan can open doors to incredible educational opportunities. By understanding the loan options available, conducting thorough research, and planning your finances wisely, you can turn your dream of pursuing a joint degree program into a reality.  https://www.youtube.com/watch?v=tdwqQH0xkFw 5. Scholarships, Grants, and Other Funding Sources  Explore Scholarships: Research scholarships and grants specifically designed for joint degree programs or international students. Many universities, governments, organizations, and foundations offer financial aid opportunities that can significantly reduce your financial burden.  Application Deadlines: Pay close attention to application deadlines for scholarships and grants. Start the application process early and ensure that you fulfill all the requirements and submit the necessary documents on time.  Additional Funding Sources: Look beyond scholarships and grants to explore other funding sources. This could include part-time jobs, crowdfunding platforms, sponsorships from companies or organizations, or even family contributions. Every little bit of additional funding can make a difference.  Banks for education loans? Read More 6. Consider Cost-Saving Measures  Exchange Programs: Investigate the possibility of participating in student exchange programs between the two institutions. These programs often offer reduced tuition fees or other cost-saving benefits, making your joint degree program more affordable.  Housing Options: Explore affordable housing options such as student dormitories, shared apartments, or off-campus accommodations. Choosing a cost-effective living arrangement can significantly lower your overall expenses.  Budgeting Strategies: Implement effective budgeting strategies to manage your finances efficiently. Cut down on unnecessary expenses, prioritize essential items, and take advantage of student discounts and special offers whenever possible.  How to transfer an education loan? Read More 7. Continuous Communication with Financial Institutions  Maintaining open lines of communication with your chosen financial institution is crucial throughout the process. Stay in touch with your loan officer or representative to address any concerns or questions that may arise. Inform them about any changes in your academic plans, financial circumstances, or repayment options to ensure a smooth and well-coordinated financing experience.  8. Understand the Risks and Responsibilities  Loan Repayment Obligations: Be aware of the responsibilities that come with an abroad education loan. Understand the repayment terms, interest rates, and consequences of defaulting on loan payments. Make informed decisions and ensure you have a clear plan to manage your debt effectively.  Currency Exchange Rates: If you're studying in a different country, fluctuations in currency exchange rates can impact your loan repayment amounts. Stay updated on currency trends and consider hedging options to mitigate the risks associated with exchange rate fluctuations.  9. Embrace the Opportunities  While financing a joint degree program through an abroad education loan may seem challenging, it opens doors to extraordinary educational experiences and global networking opportunities. Embrace the journey, make the most of the resources available to you, and stay focused on your academic and career goals.  Remember, with careful planning, research, and financial management, you can successfully use an abroad education loan to finance your joint degree program and embark on a transformative educational adventure.  Conclusion By exploring abroad education loan options, seeking scholarships, practicing financial discipline, and making informed choices, you can turn your dream of a joint degree program into a reality. Embrace the opportunities that lie ahead and embark on a remarkable educational journey.  Consult an expert advisor to get the right plan Talk To An Expert

Funding is the most important yet neglected aspect of sending your child abroad for higher studies. A majority of Indian parents do not realize how expensive it is to finance a foreign education and how hard saving for your child’s education abroad is. This is because certain factors like overlook when it comes to financial planning. Let’s dive in and understand the factors that directly affect your chances of saving for your child’s education abroad-  Education Inflation  Education inflation directly affects the cost of education. It affects your child’s tuition fees, application fees, accommodation as well as the cost of books and study supplies. In fact, the rate of education inflation far exceeds the rate of household inflation today; parents do not factor in inflation while planning or saving for their child’s education. They make the mistake of preparing for the prevailing tuition costs and living expenses rather than the future costs when their child will actually go off to college.   To ensure inflation does not eat your savings, you can calculate the future cost of education (that is when your child goes off to college) and start saving for that cost in place of the current tuition fees. Use a calculator that takes into account the study destination, your child’s desired courses, accommodation fees, and living expenses to know how much you need to save in order to help your child excel in their dream university.    Not Starting Sooner    Another factor that parents overlook when starting an education fund for their child’s education is time. Starting early is the best way to maximize gains and returns on your investments and savings. The ideal time to start planning for your little one’s education is before they are born. Parents who start early can reap the benefits of long-term investments and the magic of compounding.    Both Parents Can Save  By ensuring you and your partner contributes towards the education corpus, you can achieve this goal faster. Often, one parent takes the responsibility or ownership of saving for their child’s education but both the parents contributing to this humongous feat can be achieved far more quickly. This method of saving can help you save more and even get to the goal in time. It is a great way to ensure consistency and discipline.   Source: Pixabay Putting on your eggs in one basket  A rookie mistake that many Indian parents make is that they invest in only traditional forms of investment such as FDs, gold, and real estate and undermine the value of new-age investments like Mutual funds, ETFs, stocks, bonds, etc. This is a huge disadvantage because you miss out on the opportunity to save against inflation. New-age investments offer a unique opportunity and hedge against inflationary forces which means by investing with them, you get to beat inflation. The latter investments are also more flexible and offer liquidity. There is also an opportunity to save in dollars and not rupees with new-age investments through ETFs.    Not choosing the right platform to save  Saving with the right partner or financial expert is extremely important. If you pick the right guide, you can get to your goal faster and more efficiently. Though there are many platforms that help you invest, there is a high chance they do not understand your goals as parents who wish to save for their child’s foreign education and may not offer the guidance or financial expertise you need to build a strong and diverse education corpus that beats inflation. So do your research, and figure out the best platform that understands your needs and preferences before starting a savings fund for your child’s future.   These factors can help you determine how to save when to save and how much to save for your child’s education abroad. The right guidance can do wonders for your child’s future and dreams! FAQs How can I save for education abroad? There are many ways to save to study abroad. The most profitable way is to invest in mutual funds, ETFs, and US stocks. These investments allow you to grow your wealth in a such way that it beats inflation. As a working professional, investing 20% of your income every month is an ideal start. Based on your time horizon, consult an expert and find out what's the best way to reach the goal in time. How can I save money for my child's higher education? By investing, you can save up enough for your child's higher education. You can connect with EduFund experts and find out the best investment options for your financial goals based on your risk and time horizon. How can I save money for my child's higher education? Foreign education is a way to settle abroad, gain incredible cultural experience, and even grow your career. These advantages help your child grow as a person and gain opportunities that developed countries have to offer. Foreign education is extremely expensive so planning your child's education is important and investing in mutual funds, ETFs, and US stocks is the best way to do so. Consult an expert advisor to get the right plan for you TALK TO AN EXPERT

Investment advisors say this all the time - Save smartly, Save for your child's college. Saving for your child’s college education is a financial project in its own right. It requires planning, research, investing, and consistency. There are several things you need to do to ensure you have the necessary funds when you need them. Let’s understand why you need to save before understanding where, how, and how much! Why saving for your child’s college is important? The reason why you need to save is education inflation. Just to give you a heads up on the costs, as of 2022, a four-year undergrad course in the US can cost you anywhere from Rs. 70 lakhs to Rs. 1 crore, while a 2 year's master will cost you Rs. 60-70 lakhs. Other countries are comparatively cheaper. So, if you start working with the US figures, you are fairly well taken care of for the other countries. Yes, the amount may seem huge and it will keep going up over the years, but if you start well in advance, you will have the power of compounding working for you. And with the right investment strategies, putting together the corpus you need is quite achievable. Source: Pixabay How to start saving? 1. Collect information · Start Early: Your kid is bound to go to college, whether in India or abroad so start early! · Select the country: Pick a country that you know you will be comfortable sending your child to when the time comes. · Identify the universities: Get a handle on the kind of universities you would like to send your child to, and work out ballpark numbers in terms of fees, years of study, etc. · Talk to your friends: Even if your child is really young yet, start speaking to parents who have recently sent their children overseas. There are several insights that you will get when you speak to someone who has actually walked the path you wish to traverse. 2. Chat with a financial planner · Talk to experts: Once you have a fix on the funds you need to accumulate to send your child overseas, have a serious chat with your financial planner. · Set your goals: Define your goals, and strategies that will help you put together the corpus you will need and exceed it by a bit as well. · Plan your funds: Take inflation, currency exchange rate, and rising education, and travel costs into consideration. 3. Choose your investment instruments carefully 1. Long-Term Investments: (12 – 15-year horizon) You can consider investing in equities, and stocks. These instruments can give you high returns as the stock market grows over the decade. But these are also high-risk investments. You must have the patience to stay invested even when the market indices fall, for ultimately, they do go up. That is why you need a longer horizon to invest in these instruments: so, you can wait for the markets to correct and get the best return on investment. You can also balance the risk with investment in a provident fund, which gives one of the highest rates of return in the fixed-return market. 2. Mid-Term Investments: (7–11-year horizon) If this is your investment horizon, Mutual funds are your best bet. You can choose a basket of mutual fund schemes that are best suited for your kind of risk appetite: there are funds that invest in equities, small-cap, mid-cap, and blue-chip companies, and also debt funds. The last two are quite safe and give you better returns than the standard savings or Fixed deposit options. You must note that mutual fund investments are dependent on the market movement and will be impacted by the rise and drop in the indices. But compared to Equities, they are less volatile and the good ones are known to outperform the market index over a long period of time. 3. Short-Term Investments: (4 – 7 years) If you will be requiring the funds within the next few years, you must invest carefully ensuring your capital is protected at all times and the investment can earn you some additional benefits beyond the Fixed deposit rates. You can invest in debt instruments and bonds directly or invest in debt mutual fund schemes. These are quite safe and can earn you better interest than your regular savings options. But do keep in mind, that most of these also come with a lock-in period, so check that out before you commit your money. Apart from the capital market instruments, families also look at the traditional avenues of investment to block their monies. Real estate, gold purchases, gold bonds, and real estate mutual fund schemes are some of the other options that can be considered for long-term investments. Financial planning can be tricky if you are just starting out. With so many saving and investment opportunities, it's important to understand which ones will help you get to your goals faster. So, don’t shy away from seeking help and building a strong saving plan! FAQs Why saving for your child’s college is important? The reason why you need to save is education inflation. Just to give you a heads up on the costs, as of 2022, a four-year undergrad course in the US can cost you anywhere from Rs. 70 lakhs to Rs. 1 crore, while a 2 year's masters will cost you Rs. 60-70 lakhs. The cost of education is rapidly increasing in India - it takes roughly Rs. 30 lakhs to raise a child in India till the age of 18 years. This cost is likely to increase and investments can help you keep up with the fees and other expenses. What is the best way to invest for your child's college? The best way is to invest via equity based mutual funds if you have a long-time horizon like 12 to 15 years. Based on your investment period, you can choose an investment plan that can get you closer to your financial goal and send your child to a college of their choice. How to start saving for your child's college? · Start Early: Your kid is bound to go to college, whether in India or abroad so start early! · Select the country: Pick a country that you know you will be comfortable sending your child to when the time comes. · Identify the universities: Get a handle on the kind of universities you would like to send your child to, and work out ballpark numbers in terms of fees, years of study, etc. · Talk to your friends: Even if your child is really young yet, start speaking to parents who have recently sent their children overseas. There are several insights that you will get when you speak to someone who has actually walked the path you wish to traverse. Consult an expert advisor to get the right plan for you TALK TO AN EXPERT

You have probably read the term Liberalized Remittance Scheme in your NCERT books. LRS is a framework that allows the Indian government to govern remittance flow outside of India. It is a part of FEMA. Indian foreign exchange transactions are governed by the Foreign Exchange Management Act of 1999, which provides the necessary legal framework.  In accordance with the Foreign Exchange Management Act of 1999 (FEMA), which became effective on June 1, 2000, all foreign exchange transactions are classified as either capital or current account transactions.  Any transaction outside of India that doesn't affect a resident's assets or liabilities, including potential liabilities, is considered a current account transaction.  In accordance with Section 5 of the FEMA, residents of India are free to buy or sell foreign currency for any current account activity, with the exception of transactions for which the Central Government has prohibited the use of foreign currency, such as remittances from lottery winnings and remittances from racing, etc.  Let's learn more about the Liberalized Remittance Scheme (LRS)  What is LRS?  All residents, including minors, are entitled to freely transmit up to USD 2,50,000 per financial year (April – March) for any permissible current or capital account transaction, or a combination of both, under the Liberalized Remittance Scheme.   Furthermore, residents can use the foreign exchange facility for up to USD 2,50,000 for the purposes listed in paragraph 1 of Schedule III of the FEM (CAT) Amendment Rules 2015, dated May 26, 2015.  The Scheme was launched on February 4, 2004, with a USD 25,000 cap. The adjustment has been done to the LRS limit to reflect current macroeconomic and microeconomic situations.   The minor's natural guardian must countersign the LRS declaration form if the remitter is a minor. The Scheme does not cover corporations, partnerships, trusts, etc. What is permissible under the Liberalized Remittance Scheme?  Indian residents can use the LRS to send money overseas for tourism, education, medical treatment, stock, and property purchases, care of family living abroad, presents, and donations.   Individuals may also create, manage, and retain foreign currency deposits with foreign banks to conduct transactions.  What isn't permissible under the LRS?  Money from specific sources, such as gambling and lottery winnings, profits from certain corporations, and accrued interest from non-resident rupee bank accounts, cannot be remitted.   Individuals cannot remit funds for prohibited or unlawful activities like margin trading. Furthermore, if an individual reaches the maximum annual limit of US $250,000, the individual must seek special approval from the RBI.   The Financial Action Task Force lists nations and organizations to which you are not permitted to send money (FATF).  What documentation is needed for Liberalized Remittance Scheme?  The RBI requires remitters to fill out and submit Form A2, issued by RBI-appointed Authorized Dealers, to track the total amount of remittance sent by people.   The amount of the remittance, the purpose, and the individual's PAN number are all recorded on the form. The Authorized Dealer will validate the information and handle the remittance after receiving the document.  Is there a limit to the number of times a remittance can be undertaken?  The periodicity of transfers is unrestricted under the LRS. However, throughout a financial year, the total amount of foreign exchange purchased from or sent through all sources in India should not exceed USD 2,50,000.   A citizen would not be liable to earn anything in further money transfers under this Scheme after making one for funds up to USD 2,50,000 during the accounting year, even if the cash flows of the investments were brought back into the country.  TCS and the LRS  The government levied a 5% TCS (Tax collected at Source) on transfers sent through the Liberalized Remittance Scheme (LRS) that exceeds INR 7 lakh in the Union Budget 2020.   The new rule will be in effect from October 1, 2020. TCS will apply to all LRS payments, including equity investments in other countries.  Nature of remittancesTCSEducation expenses are financed through a loan (you will need to show proof of loan sanction)0.5% in excess of INR 7 lakhs in a financial yearEducation expenses not financed through a loan5% in excess of INR 7 lakhs in a financial yearOverseas Travel Package5% of the entire amount remitted Note: There’s no 7-lakh threshold, all transactions applicable for the TCSInternational Transaction on Debit Cards5% of the entire amount remittedNote: Same as above. All transactions are applicableTransfer from Domestic Account to NRO account5% in excess of INR 7 lakhs in a financial year (if the purpose of transfer under LRS i.e Loan to NRI/Gift to NRI etc)For any other purpose (including investments)5% in excess of INR 7 lakhs in a financial year It's a widespread misunderstanding that Indians can't invest in the United States.   Citizens of India can send USD and invest in US equities through the LRS as long as they adhere to the maximum limit rules and buy USD from an Authorized Dealer.   In reality, Indian people sent USD 442 million to invest in overseas shares and debt in 2017. FAQs How much money can you send abroad under the liberalized remittance scheme? All residents, including minors, are entitled to freely transmit up to USD 2,50,000 per financial year (April – March) for any permissible current or capital account transaction, or a combination of both, under the Liberalized Remittance Scheme. What money transfers are permissible under the LRS? Indian residents can use the LRS to send money overseas for tourism, education, medical treatment, stock, and property purchases, care of family living abroad, presents, and donations.   Individuals may also create, manage, and retain foreign currency deposits with foreign banks to conduct transactions. Who is eligible for LRS? Indian residents come under the gambit of LRS. Anyone who owns a valid pan card has a functioning bank account and a valid passport can avail of the benefits of Liberalised Remittance Scheme. Consult an expert advisor to get the right plan for you TALK TO AN EXPERT

With the tremendous growth of the technology industry, tech stocks have established a solid footing in the stock market, making it an attractive yet challenging place for first-time investors.   ETFs (exchange-traded funds) can significantly simplify the investing process. ETFs tempt investors who want to minimize the risk of engaging in individual securities while generating income over time.   Tech industry exchange-traded funds (ETFs) trade in shares of electronics and information technology manufacturers and service providers, which make up the technology sector.   This industry's technological solutions vary from consumer items to enterprise software. These companies' stocks often trade at high earnings multiples compared to other sectors and have a history of driving market cycles.   Small-cap and microcap companies, as well as large-cap and microcap companies like Apple Inc. (AAPL), Microsoft Corp. (MSFT), and Alphabet Inc. (GOOG), contribute to the sector's outlook and growth.  What are technology ETFs? Technology ETFs could be an excellent place to start for market players interested in investing in this industry. Continue reading to learn more about what you should know before buying a technology ETF.  There are roughly 110 technology ETFs in the United States, according to ETF.com. Some are focused on specific sectors, like artificial intelligence ETFs or fintech ETFs, but the Invesco QQQ Trust ETF is the largest technology ETF with remarkable capital gains (NASDAQ: QQQ).    It had US $195.26 billion in assets under management as of February 4, 2022.  Despite the generic nature of most tech ETFs, investors still have the option of selecting the market that most interest them. Apple (NASDAQ: AAPL), Microsoft (NASDAQ: MSFT), and Meta Platforms (NASDAQ: FB) are among the most crucial tech businesses tracked by the iShares US Technology ETF (ARCA: IYW).  The PureFunds ISE Mobile Payments ETF (ARCA: IPAY), which tracks the mobile payments industry, is another ETF that monitors a specific market within the tech sector. PayPal (NASDAQ: PYPL), Mastercard (NYSE: MA), and Visa are among its top holdings (NYSE: V).  There are several high-performing options for investors wishing to obtain exposure to the lucrative semiconductor business, including the iShares Semiconductor ETF (NASDAQ: SOXX) and the VanEck Semiconductor ETF (NASDAQ: SMH), and the Direxion Daily Semiconductor Bull 3x Shares (NYSE AMERICAN: SOXL).  Source: pixabay Based on data obtained from the ETF database as of February 2022, some of the better ETFs are ParameterTechnology Select Sector SPDR Fund (XLK)First Trust NASDAQ Technology Dividend Index Fund (TDIV)ProShares S&P Technology Dividend Aristocrats Fund (TDV)IssuerState StreetFirst TrustProSharesPerformance Over One-Year12.6%11.8%10.5%Expense Ratio0.10%0.50%0.45%Annual Dividend Yield 0.67%1.78%1.11%Three-Month Average Daily Volume13,524,775106,04812,147Assets Under Management$45.9 billion$1.8 billion$110.7 millionInception DateDec. 16, 1998Aug. 13, 2012Nov. 5, 2019 XLK tracks the Technology Select Sector Index, broadly indicative of the S&P 500 Index's technology sector.   Companies involved in technology hardware, storage, peripherals; software; communications equipment; semiconductors and semiconductor equipment; and various related services are the focus of the fund.  TDIV follows the NASDAQ Technology Dividend Index, an index of technology and communications businesses listed on the NASDAQ, NYSE, or NYSE Amex.   Companies must meet minimum market capitalization, average daily dollar trading volume, and yield standards to be included in the index and have paid an ordinary dividend in the previous 12 months.  How ETFs are different from mutual funds? Read More TDV invests in the S&P Technology Dividend Aristocrats Index, which comprises well-established technology companies that have grown their dividends for at least seven years.   The index's companies have solid fundamentals and a successful growth and profitability track record. The data processing and outsourced services firms, semiconductors, and tech hardware, storage, and peripheral companies are the significant holdings of the large-cap growth fund.  Even if investors are unsure about market intricacies, tech ETFs can help them get started. They're seen as a safe and straightforward method to start in the industry, with a better chance of making a profit.   Market participants who want more control over their technology stock investments should go elsewhere. ETF shares don't provide much flexibility because they simply track an index or commodity. FAQs What are technology ETFs? Technology ETFs could be an excellent place to start for market players interested in investing in this industry. Continue reading to learn more about what you should know before buying a technology ETF. There are roughly 110 technology ETFs in the United States, according to ETF.com. Are ETFs a good investment for a new investor? Exchange Traded Funds are usually considered to be low-risk investments as not only are they low-cost but also hold various stocks and securities, thus increasing diversification. How to invest in ETFs? You can invest in ETFs using the EduFund App. All you need is US account to start investing. Get started using this link - https://edufund.in/us-market Consult an expert advisor to get the right plan for you TALK TO AN EXPERT

State boards play a significant role in the Indian education system. This brief overview explores the advantages and disadvantages of state boards, highlights the top 10 state board schools in India, discusses the best state board, and examines the key differences between state boards and CBSE.   Advantages of State Boards   Regional Relevance: State boards design their curriculum to suit the cultural, social, and economic context of the respective state, ensuring students connect with their local environment. This promotes a sense of identity and familiarity, making education more relatable and meaningful to students.   Language Flexibility: State boards provide flexibility in choosing the medium of instruction, enabling students to learn in their preferred language. It also enhances language proficiency and communication skills.   Inclusive Approach: State boards often accommodate a wide range of student's abilities and learning styles. They emphasize inclusive education, offering support systems and alternative teaching methods to cater to the diverse educational needs of students.   Disadvantages of State Boards   Limited National Recognition: State board examinations may not carry the same national recognition as CBSE or other central boards. This can pose challenges for students aspiring to pursue higher education or seek employment opportunities outside their state, as their academic qualifications may not be universally accepted.   Variability in Standards: The quality of education and evaluation standards may vary across different state boards. This variability can lead to inconsistencies in learning outcomes and student performance, making it difficult to compare students from different state boards on a level playing field.   Limited Curriculum Choices: State boards might offer a narrower range of elective subjects and educational streams compared to national boards. This could restrict students' options when it comes to choosing specialized subjects or pursuing specific career paths.  Top 10 State Board Schools in India   Delhi Public School, R.K. Puram, Delhi   St. Xavier's Collegiate School, Kolkata, West Bengal   The Doon School, Dehradun, Uttarakhand   Bishop Cotton Boys' School, Bangalore, Karnataka   La Martiniere for Boys, Kolkata, West Bengal   Sishya School, Chennai, Tamil Nadu   Mayo College, Ajmer, Rajasthan   Mount Carmel Convent School, Chandigarh   Modern School, Barakhamba Road, Delhi   Loyola High School, Pune, Maharashtra   Advantages and Disadvantages of the CBSE Board Read More Best State Board in India  Determining the "best" state board is subjective and depends on various factors like infrastructure, faculty, extracurricular activities, and academic performance. However, state boards such as the Maharashtra State Board of Secondary and Higher Secondary Education, Tamil Nadu State Board of Secondary Education, and Karnataka Secondary Education Examination Board have been recognized for their consistent performance and student success rates. These boards have demonstrated a commitment to quality education and have produced outstanding academic results over the years.   Difference between CBSE and State Board  Curriculum: CBSE follows a national curriculum established by the Central Board, ensuring uniformity across the country. The curriculum provides a well-rounded education with a focus on core subjects like Mathematics, Science, and English, along with optional subjects. State boards, on the other hand, develop their curriculum independently, incorporating regional requirements and cultural aspects specific to their states. This allows state boards to emphasize local language, literature, and history, providing a deeper understanding of the state's culture and heritage.   Evaluation System: CBSE employs a uniform evaluation system throughout the country, consisting of a standardized marking scheme and grading system. The evaluation process is structured and follows a centralized pattern, with common question papers and a centralized checking process. In contrast, state boards have the flexibility to devise their own assessment methods and grading systems, which may vary from one state to another. State boards often have their own question papers and evaluation processes, allowing them to tailor assessments according to the specific needs and objectives of the state.   Recognition: CBSE is widely recognized across India and is accepted by most universities and colleges nationwide. It provides a broader scope of recognition, making it easier for students to seek admission or employment opportunities in different parts of the country. State board examinations, however, may have limited recognition outside their respective states. This can pose challenges for students who wish to pursue higher education or career prospects outside their home state, as they may be required to undergo additional evaluations or meet specific eligibility criteria.   Teaching Methodology: CBSE places emphasis on interactive and activity-based learning methodologies. The board encourages practical applications of knowledge, critical thinking, and problem-solving skills. State boards, on the other hand, may have different teaching approaches based on their regional context. Some state boards may prioritize rote learning and traditional teaching methods, while others may adopt innovative pedagogical practices. The teaching methodology can influence the student's learning experience and their ability to adapt to different educational environments.   Standardization and Syllabus Updates: CBSE maintains a standardized curriculum and syllabus across all affiliated schools. The board periodically updates its syllabus to align with emerging educational trends, changes in the industry, and advancements in various fields. State boards, however, may have variations in syllabus content and updates. The syllabus revision process in state boards can sometimes be slower, leading to a time lag in incorporating changes and updates.   State boards and CBSE have distinct advantages and considerations. While state boards offer regional relevance and inclusivity, CBSE provides national recognition and a standardized curriculum. Choosing between them depends on individual needs and aspirations, ensuring a well-informed decision for a student's educational journey. 

International students have always favored the United Kingdom as a study-abroad location. This has been particularly true for international students, including those from the European Union (EU), European Economic Area (EEA), and Switzerland. However, due to Brexit, new regulations have taken effect in 2021 for all EU/EEA and Switzerland citizens. We have compiled this blog with all the information you need about tuition and living expenses in the UK to clarify everything for your child and all the other international students. https://www.youtube.com/watch?v=o-xEGg3N0Os UK University tuition fees There have previously been two different tuition fee structures available in the UK: The cost for domestic students, Irish nationals, and those from the EU, EEA, and Switzerland often pay these lower fees. The cost for international students is significantly higher for all remaining non-EU/EEA students, sometimes by two or three times. However, after Brexit, a lot is different. For students who are from Switzerland or the EU/EEA and have started studying in the UK after January 1, 2021, the following are the key details they need to be aware of: They do not have the domestic fee status or access to student loans and are required to pay the total tuition costs set by each university individually if they have arrived in the UK after January 2021 and began their study program after August 2021. These changes do not affect Irish nationals and students who began courses before implementing this new policy. https://www.youtube.com/watch?v=EyP3Li4ofNg 1. Tuition fees at UK’s public universities Tuition fees at public UK universities can vary widely. Depending on the university, the discipline, and the length of the studies, the domestic cost typically runs from ₹5 to 9.2 lakhs per year. The international fee is typically more than the initial domestic fee by ₹2.5 – 7.2 lakhs. In some circumstances, it may even be twice as expensive as the domestic cost. 2. Tuition fees at UK’s private universities Private higher education is often more expensive, while private university study programs offer tuition fees equivalent to those at public institutions. Furthermore, these institutions frequently do not distinguish between people of the EU/EEA and those of other countries. Students may pay anything from ₹4.5 to over 32 lakhs per school year. Business and medicine are the most expensive majors at both public and private colleges. Living Expenses in the UK for International Students Read More Recommended universities in the UK Imperial College London King’s College London Coventry University Hult International Business School Leeds Beckett University Living expenses of students in the UK Living as an international student in the United Kingdom is not inexpensive. However, where they choose to live significantly impacts how much money they spend. Monthly living expenses in well-known locations like London might easily exceed ₹1.3 lakhs. But they can live comfortably in smaller towns with a monthly budget of ₹60,000 - 1.1 lakhs. 1. Costs of student accommodation  Many colleges offer dorms for students in the UK. These places provide excellent value for money and include utility fees in the final cost. First-year students mostly prefer student residential halls. Many graduates rent a private space after their first academic year, alone or with other students. Although it is more expensive, this choice provides a more accurate picture of what life is like in the actual world. These accommodations cost between ₹60,000 to 1.3 lakhs/month. Monthly expenses and utilities will cost another ₹10,000–17,000 to your expenditure. 2. Cost of food in the UK Students will be spending between ₹15,000 and 26,000 on food and groceries. This budget will increase quickly if they eat out and order food often.  3. Transportation costs Your child can choose from various public transport options for their daily commute, most of which offer discounts to students or young people. There may be regional or city-specific variations to these discounts, but the following are a few instances: Train: Full-time students who purchase a Young Persons Card, which typically costs ₹3,000, receive a 30% discount. Tube within London: 30% off the Oyster Student Card bus for students over 18.  Bus: For a one-way ticket, they must pay ₹150-300. 4. University scholarships and grants International students can apply for scholarships and other financial aid forms in the UK. They must fulfill the admission requirements to be a successful applicant. Scholarships are typically given out based on various factors, including financial need, nationality, prior academic success, etc. Criteria to obtain higher education loans for the UK Read More Conclusion  Universities and colleges in the United Kingdom are sought after for their quality of education. Hence, it is a great destination to send your child to study. But it is one of the most expensive countries to live and study in. Always look for scholarships and financial aid options before finalizing the university. If there is any confusion regarding the fee structure or a need for any advice, our team of efficient financial advisors is just a call away to clarify your doubts. Consult an Expert Advisor

In the previous article, we read about how to finance your child's education post-pandemic. In this article we will discuss are scholarships in the USA enough to cover your child's college costs. Traditionally, the USA has been the go-to destination for foreign education despite the price tag. The country tops the charts when it comes to higher education and offers grants, scholarships, and fellowships to international students as an incentive to study in the country. While many universities offer scholarships in the USA, the question remains are scholarships enough to cover your child’s college costs in the USA? Scholarships in the USA: Quick Overview There are various American universities and third-party organizations that offer scholarships. But most scholarships cover only a part of the expenses. For instance, While Fulbright Scholarships for Masters and Ph.D. programs and Yale University Scholarships for Undergrad, Master’s, and Ph.D. courses are proposed as fully funded, the fact is not every student is offered a full ride. While a Yale scholarship can go up to USD 70,000, the average scholarship awarded is around USD 50,000. This must be taken into consideration while planning overseas studies. Higher education in the USA in a well-reputed college gives your child access to the best networks, education, and teaching faculty but it's also a costly affair. Scholarships and grants offer relief to an extent and your child will either rely on a student loan or your savings for their education. In fact, the difference in currency rates makes the overall expense amounts even larger, especially if the savings are stored in the local currency. Things to know Know that scholarships in the US are available on a need basis and merit basis. Need-based scholarships need to be renewed annually following the submission of necessary eligibility documents. For most graduate courses, scholarships will fund only a part of the expense. The rest has to be covered by the student. There are various research assistantships and other on-campus job opportunities available that help students cover at least a part of their expenses. 1. Expenses to be considered When a student is planning to travel to the USA for a college education, there are several expenses to be considered. These include tuition fees, university registration, security deposit, flights, stay, meals, and even projects that may include travel. 2. Will my child get a full scholarship? Full scholarship for undergraduate students is rare in the US. Most local students apply for and get federal aid, but they are also required to fund part of their studies on their own. Most students at this juncture apply for an educational loan that takes years to settle. In most universities, similar rules apply to international students as well. Part of the tuition fee is covered under the scholarship for international students, but the remaining tuition fee and all other expenses have to be borne by students on their own. Even in the case of a few colleges that offer 100% scholarships to needy students, the same is applicable only for the first year of study. For the following academic years, the student must arrange funds at his/her end. 3. Criteria for applying for scholarships to study in the US for Indian students While each university will have its own eligibility criteria for scholarships, here is a list of some standard criteria that are considered for scholarships: Students must have good academic scores. This is considered along with your selected university, subject, and level. Universities in the US place significant weight on extracurricular activities such as hobbies, athletics, leadership camps, and volunteering work. The requirements of each scholarship vary and parents would do well to check the eligibility criteria a couple of years in advance to help the child build an appropriate application. In research-centric programs, students typically have to submit original written documents as proof of their capability and ability to think and work in their chosen field. 4. When to apply? The procedures are typically long, and at times applications being considered for the scholarship may also come back with queries or requests for additional documentation. Hence it is best for students to start with the scholarship application procedure about 8-12 months before their preferred intake begins. 5. Building your corpus for international education in the US This is where a planned financial approach comes in. Typically, a four-year undergrad program at any of the top-ranking universities in the USA, with tuition fees, flights, stay, and other standard expenses amount to Rs. 70 lakhs (as of 2022). Even for a post-grad course, the two-year course in a good university would work out to over Rs. 50 lakhs in just tuition fees. As parents, you need to be aware that while scholarships are available, these will only take care of only a part of your expenses. So, if your child is planning to pursue a college education in the USA, you need to start saving and judiciously investing funds at least 10 years in advance. This enables you to put together a substantial corpus over time. And when the time comes, your child will be free to choose the college and course of his/her choice! FAQs Will my child get a full scholarship to study in USA? Full scholarship for undergraduate students is rare in the US. Most local students apply for and get federal aid, but they are also required to fund part of their studies on their own. Most students at this juncture apply for an educational loan that takes years to settle. What are some popular scholarships to study in USA? Here are some popular scholarships to study in USA: US Fulbright Scholar Program.Fulbright Foreign students scholarship.Clark Global Scholarship Program.The HAAA Scholarship.Yale University Scholarships USA What is the criteria for applying for scholarships in the USA? While each university will have its own eligibility criteria for scholarships, here is a list of some standard criteria that are considered for scholarships: Students must have good academic scores. This is considered along with your selected university, subject, and level. Universities in the US place significant weight on extracurricular activities such as hobbies, athletics, leadership camps, and volunteering work. The requirements of each scholarship vary and parents would do well to check the eligibility criteria a couple of years in advance to help the child build an appropriate application. Consult an expert advisor to get the right plan for you TALK TO AN EXPERT

Scholarships for studying abroad provide an incredible opportunity for students to pursue their dreams and gain valuable international exposure. As you explore the various scholarship options available, it's important to understand what qualities and experiences make you an ideal candidate. Factors that can enhance your scholarship application 1. Academic Excellence One of the most crucial aspects of being an ideal candidate is a strong academic record. Scholarships often prioritize students with outstanding grades and a proven commitment to academic excellence. Make sure to highlight your achievements, such as academic awards, research projects, or publications, to demonstrate your dedication and intellectual prowess.  2. Passion and Purpose Scholarship providers seek individuals who are driven by a clear sense of purpose and a genuine passion for their chosen field of study. Clearly articulate why you are interested in the specific program or course you wish to pursue abroad and how it aligns with your long-term goals. Showcasing your enthusiasm and motivation can greatly impress the scholarship selection committee.  3. Leadership and Extracurricular Involvement:  Active involvement in extracurricular activities and leadership roles indicates your ability to balance academics with broader personal development. Engaging in student organizations, community service, sports, or cultural activities demonstrates your initiative, teamwork skills, and capacity to make a positive impact. Highlighting these experiences can set you apart as an ideal candidate.  How to write an application for a Scholarship? Read More 4. Diversity and Global Perspective Scholarship programs often value diversity and seek candidates who can contribute unique perspectives to the international academic community. Showcase your multicultural experiences, language proficiency, or participation in exchange programs to demonstrate your adaptability, intercultural competence, and ability to thrive in diverse environments.  5. Financial Need and Adversity Some scholarships prioritize candidates with financial needs or those who have overcome significant challenges to pursue their education. If applicable, provide a compelling narrative that highlights your financial constraints or personal obstacles and how the scholarship can be a transformative opportunity for you to overcome these barriers and fulfill your educational aspirations.  Scholarship for MBA in India Read More 6. Research and Career Goals Clearly articulating your research interests and career goals can be instrumental in making you an ideal candidate for scholarships. Describe your research experience, projects, or internships related to your field of study. Outline how the scholarship will enable you to further explore these interests, contribute to your chosen field, and make a meaningful impact in the future.  7. Strong Communication and Language Skills Proficiency in the language of instruction at the host institution or country can greatly strengthen your scholarship application. Demonstrating your ability to effectively communicate, both verbally and in writing, showcases your readiness to navigate academic and social environments abroad. Highlight any language certifications, language exchange programs, or international communication experiences to emphasize your linguistic abilities.  8. Personal and Professional Growth Scholarship programs value candidates who demonstrate a commitment to personal and professional growth. Highlight experiences where you have challenged yourself stepped out of your comfort zone or taken on responsibilities that have contributed to your personal development. Whether it's overcoming obstacles, pursuing independent projects, or participating in professional development workshops, showcasing your growth mindset can make you an attractive candidate.  9. Alignment with Scholarship Objectives  Each scholarship program has its unique objectives and values. Take the time to thoroughly research the scholarship you are applying for and tailor your application to align with its mission and goals. Show how your academic and personal aspirations resonate with the scholarship's focus areas and how you can contribute to the scholarship's community or society upon completion of your studies.  10. Strong Letters of Recommendation  Letters of recommendation play a vital role in showcasing your character, skills, and potential as a scholarship recipient. Select recommenders who can attest to your academic prowess, potential for leadership, and personal qualities. Ensure that your recommenders can provide specific examples that highlight why you are an ideal candidate for the scholarship.  11. Well-Crafted Application Essays Crafting compelling and well-written application essays is essential to stand out as an ideal candidate. Use this opportunity to share your unique story, motivations, and aspirations. Clearly articulate how receiving the scholarship will not only benefit you but also contribute to your community, country, or the world at large. Present a clear and coherent argument for why you deserve the scholarship and how you plan to leverage the opportunity.  12. Preparation and Attention to Detail  An ideal candidate for a scholarship demonstrates meticulousness and attention to detail throughout the application process. Prepare well in advance, carefully read and understand the scholarship requirements, and ensure that your application is complete, error-free, and submitted before the deadline. Pay attention to formatting, follow instructions precisely, and provide all the requested supporting documents to present yourself as a highly organized and responsible applicant.  Being an ideal candidate for a scholarship requires a combination of academic excellence, passion, leadership, diversity, financial need, strong communication skills, personal growth, and attention to detail. Presenting these qualities effectively can significantly enhance your chances of securing the scholarship and realizing your study abroad dreams. Good luck!  Apply for Scholarship and Fund your Dreams