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Affordable Universities in Canada

Affordable Universities in Canada

Canada has become a popular destination for international students who are looking for quality education at an affordable price. With a reputation for being a welcoming and safe country, Canada offers a range of universities that cater to students from around the world.   The best and most cheap education may be found in Canada, one of the top locations for international students. Canada is one of the most affordable countries that offers top-notch education, with tuition fees ranging from 12,000 to 30,000 CDN annually.  Hence, we can assure you that you're in the proper place if you're seeking cheap and economical institutions in Canada. Continue reading to learn about some of the most affordable institutions in Canada, as well as some of the most well-known Canadian cities, such as Toronto, Quebec, Vancouver, etc. 11 universities in Canada for international students 1. Brandon University  Located in Manitoba, Brandon University offers low tuition fees for international students. The university has a reputation for small class sizes and personalized attention from professors. The tuition fee for international students is approximately $12,000 CAD per year.  https://www.youtube.com/watch?v=x9B8449Iuw4 2. Memorial University of Newfoundland  The Memorial University of Newfoundland is located in St. John's and offers a range of programs at affordable prices for international students. The tuition fee for international students is approximately $11,000 CAD per year.  3. University of Manitoba  Located in Winnipeg, the University of Manitoba is one of Canada's largest universities and offers affordable tuition fees for international students. The tuition fee for international students is approximately $16,000 CAD per year.  Affordable Universities in the UK Read More 4. University of Prince Edward Island  The University of Prince Edward Island is located in Charlottetown and offers affordable tuition fees for international students. The tuition fee for international students is approximately $12,000 CAD per year.  https://www.youtube.com/watch?v=nyV0rwJu-7c 5. Athabasca University  Athabasca University is a distance education university that offers affordable tuition fees for international students. The tuition fee for international students is approximately $9,000 CAD per year.  https://www.youtube.com/watch?v=k8c_dfmXMkA 6. University of Saskatchewan  Located in Saskatoon, the University of Saskatchewan offers affordable tuition fees for international students. The tuition fee for international students is approximately $20,000 CAD per year.  https://www.youtube.com/watch?v=MwclWJ8Q2ZE 7. University of Regina  The University of Regina is located in Saskatchewan and offers affordable tuition fees for international students. The tuition fee for international students is approximately $20,000 CAD per year.  https://www.youtube.com/watch?v=2d3XNHbB8II 8. University of Northern British Columbia  The University of Northern British Columbia is located in Prince George's and offers affordable tuition fees for international students. The tuition fee for international students is approximately $20,000 CAD per year.  9. University of the Fraser Valley  Located in Abbotsford, the University of the Fraser Valley offers affordable tuition fees for international students. The tuition fee for international students is approximately $16,000 CAD per year.  10. Vancouver Island University  Vancouver Island University is located in Nanaimo and offers affordable tuition fees for international students. The tuition fee for international students is approximately $17,000 CAD per year. 11. The University of Toronto (Free University)  The University of Toronto offers a program called the School of Continuing Studies, which offers free courses online. These courses are available to anyone, anywhere in the world, and are a great way to explore a new subject or learn a new skill.  Check out our College Cost Calculator to know the future cost of studying!   In conclusion, there are numerous affordable universities in Canada from which to choose. Foreign students typically choose institutions with affordable tuition and academic programs that have won awards. Also, the majority of Canada's affordable universities have strong placement and ROI rates for international students.  FAQ Can I study in Canada for 10 lakhs?  Schooling in Canada could indeed cost anywhere between rs 10 lakh to 40 lakhs INR for a foreign student. In Canada, the annual tuition for undergraduate programs ranges from 5 lakhs to 10 lakhs INR. In Canada, the cost of living for students can range from 1.4 lakhs to 5 lakhs per year (based on the choice of accommodation).  Is Canada cheap to study in?  Canada has considerably lower tuition fees when compared to other affluent nations like the US and the UK. An overseas undergraduate student should budget, on average, 30 lakhs for one academic year, according to Statistics Canada. Can a poor student study in Canada?  If you want to study for free in Canada, you can pick a school with affordable tuition or get a part-time job. Another means of reducing your expenses is to apply for scholarships. International students are eligible to apply for a range of scholarships offered by different organizations and institutions.  Is Canada cheap to study for Indian students?   It is undoubtedly more expensive to study in Canada than in India. Nonetheless, studying in Canada is far less expensive than in other top nations like the US and the UK. 
Affordable universities in NewZeland

Affordable universities in NewZeland

One of the most popular places in the world to study abroad in New Zealand. This amazing country has something else to give right now. For overseas students looking to pursue graduate and higher education or who wish to study in New Zealand in a variety of fields at a less expensive and accessible cost, it has the potential and capability to provide high-quality education that is also affordable.   New Zealand is renowned for having a top-notch educational system and degrees, certifications, and diplomas that are accepted around the world. The most affordable New Zealand universities for overseas students are in this blog.  1. University of Otago  The University of Otago in New Zealand, established in 1869, is ranked 217 in the QS World University Rankings of 2023 and is well-known for offering affordable programs in various fields of study. It has a student population of around 21,000, including 3,000 to 5,000 international students. The university is divided into four academic divisions with faculties, schools, colleges, and departments. Humanities and Business programs tend to be less expensive than Science and Health Sciences programs.  Course duration and first-year tuition fees of some popular courses at the University of Otago are as follows:  MBBS (6 years): INR 16.8L  MBA (15-24 months): INR 31.3L  MS (12-24 months): INR 15.3L-19.2L  BE/BTech (3 years): INR 15L  MIM (1 year): INR 21L  BSc (3 years): INR 12.2L-15L.  2. Victoria University of Wellington  The Victoria University of Wellington, established in 1897, is a renowned university in New Zealand and is ranked 275 in the QS World University Ranking of 2023. The university has over 20,000 students from around the world and three campuses in Wellington, New Zealand. It is well-known for its comprehensive graduate and postgraduate programs in various fields of study and its affordable tuition fees. The university also offers New Zealand Excellence Awards.  The course duration and first-year tuition fees of some popular courses at the Victoria University of Wellington are as follows:  Executive MBA (18 months): INR 21L  MIM (1-2 years): INR 13.3L-19.9L  MS (12-24 months): INR 11.8L-26.6L  BE/BTech (3-4 years): INR 13.7L-15.3L  BSc (3 years): INR 13.7L  MEng (1 year): INR 16.6L  March (2 years): INR 16.6L Cost of the university for parents Read More 3. University of Waikato  The University of Waikato, established in the early 1960s, is another popular university for its quality and affordable education. The alma mater of the Prime Minister of New Zealand, it secured a rank of 331 in the QS World University Ranking 2023. The campus currently has over 10,000 students from different countries around the world. The university offers a wide range of programs in various fields of study including arts, social sciences, science, mathematics, education, health, business, language, mass communication, engineering, and management. It also provides international scholarships, such as the University of Waikato International Scholarships for Indian students.  Courses Duration 1st Year Tuition Fees  MBA 18 Months INR 19.1L  BE/BTech 4 Years INR 14.2L – 17L  MS 12 – 24 Months INR 14.4L – 16.2L  MIM 1 Year INR 13.9L – 21.3L  BBA 3 – 4 Years INR 13.6L – 14.2L  BSc 3 Years INR 13.6L – 14.2L  MEng 1 Year INR 17.6L https://www.youtube.com/shorts/BSAN2pff3Y8 4. Massey University  Massey University is one of the most affordable universities in New Zealand, making it to our list of cheapest universities. It was founded in 1927 and is publicly funded, offering scholarships to international students in a variety of courses. The university is in Palmerston North, New Zealand, with two additional campuses in Albany and Wellington. Massey University is known for its integrated programs, which are renowned in fields such as engineering, social sciences, medicine, management, and business.  Courses Duration 1st Year Tuition Fees  MBA 12 Months INR 25.3L  MIM 1 – 1.5 Years INR 14.2L  MS 12 – 24 Months INR 16.3L – 18.6L  BBA 3 Years INR 13.6L  MEng 1 Year INR 15.6L – 17.5L  BE/BTech 3 – 4 Years INR 13.6L – 16.6L  BSc 3 Years INR 14.8L  5. University of Canterbury  The University of Canterbury, located in Christchurch, has earned a spot in our list of the cheapest universities in New Zealand, with a ranking of 284 in the QS World University Rankings of 2023. This public university has been welcoming international students for decades and is known for its affordable education. Established in 1873, the university offers a range of courses in various fields such as medicine, engineering, natural sciences, business administration, and humanities at a reasonable price. International students can benefit from numerous scholarships provided by the University of Canterbury for both undergraduate and graduate programs. Moreover, the university offers several engineering scholarships, which are among the best scholarships available in New Zealand.  Courses Duration 1st Year Tuition Fees  MBA 16 Months INR 26L  MEng 1 – 1.3 Years INR 20.4L  MS 12 – 24 Months INR 17.8L – 20.4L  BE/BTech 3 Years INR 14.2L – 17L  BSc 3 Years INR 16.3L  6. Lincoln University  Next on our list of affordable universities in New Zealand is Lincoln University, established in 1878. Despite its smaller size, the university has a diverse student population of around 3,000 to 3,500 students, with almost 43% of the students coming from other countries. Lincoln University is ranked 368 in the QS World University Rankings of 2023 and offers a range of graduate and postgraduate courses at affordable fees to international students.  Here are the first-year tuition fees and duration for some of the courses offered by Lincoln University:  Courses Duration 1st Year Tuition Fees  MBA 12 Months - Global Management & Marketing: INR 22.9L  Accounting & Finance: INR 20.9L  MS 24 Months INR 13.2L – 15.5L  MIM 1 Year INR 18.5L  BSc 3 Years INR 14L – 14.4L  BHM 3 Years INR 13.2L  M.Arch 1 Year INR 18.5L  Conclusion New Zealand is quickly growing in popularity among international students looking for a good education at a reasonable price. Several institutions in the nation provide a variety of programs at tuition rates that are comparably lower than those in other nations, making it a desirable option for students on a tight budget.   The universities on our list, including the University of Otago, University of Waikato, Massey University, University of Canterbury, and Lincoln University, have made a name for themselves in the field of higher learning by providing a wide range of programs in various academic specialties. Furthermore, many universities offer financial aid and scholarships to foreign students, facilitating their pursuit of higher education ambitions. Overall, attending one of New Zealand's more affordable institutions can be beneficial for both academic and financial reasons. 
London School of Economics Scholarship

London School of Economics Scholarship

The London School of Economics allows students to study in an environment that is diverse and fascinating. As a result, a number of world leaders have come from these institution halls.   LSE is ranked among the top 50 universities in the world by QS Rankings 2022. So many students want to graduate from this prestigious university.   LSE Scholarships are available to students who achieve in the classroom. A list of LSE Scholarships for Indian Students is provided on this site. To learn more, keep reading!  List of documents needed for an academic degree  A transcript of grades  English language proficiency certification  An updated resume  A statement of purpose  Letters of recommendation are required.  Financial Report  A passport photocopies  LSE Scholarships: What are they about?  The eligibility requirements and documentation needed for the Scholarships are described below:  1. Undergraduate Support Program at LSE  International students from disadvantaged backgrounds who are unable to cover their educational costs may apply for a scholarship under this program. The sum will vary based on each candidate's unique situation. Documents  Details LSE Undergraduate Scholarship Application form. The form must be properly completed in accordance with the instructions and submitted. 1 Academic Reference This document can be submitted with the application, or separately as well. Supporting Documents Depends on the information provided in the application form  2. JN Tata Scholarship Endowment The JN Tata Endowment, established in 1892 by the creator of the Tata Group, encourages young Indians to pursue higher education overseas by offering loan scholarships.  Documents  Details Statement of Purpose It should be addressed to “Trustees of the JN Tata Endowment.” It must clearly reflect the candidate's objectives and the reason(s) for selecting the particular course.  Letter of Recommendation  One LoR is required It should be either from a professor of the candidate’s college/university or the employer if the candidate was working.  3. Inlaks Foundation Scholarship  Young Indians are given Inlaks Shivdasani Scholarships to pursue full-time Master's, MPhil, and Ph.D. programs at prestigious universities in the USA, UK, and Europe.  Documents  Details Valid Passport Candidates need to submit a copy of their passports. English Language Certification If it’s necessary for their admission, candidates need to produce the required Certification before applying for the scholarship. Letters of Recommendation Two LoRs are mandatory One must be from an academic supervisor/professor.  4. Margaret Basu Scholarship  Scholarships named after Margaret Basu are given to students who are currently nationals of India. For a full-time Master's program, applicants must be conditionally or unconditionally accepted by LSE. The selection of recipients is based on both academic ability and financial necessity.  Documents Details Application for Graduate Admission at LSE It is required to submit the program application. LSE Graduate Financial Application Form This form has to be submitted via the Graduate Application Tracker. Acceptance Letter, Conditional or Unconditional, for the Selected Course of Study The proof of the candidate’s acceptance has to be submitted while applying for the scholarship.  5. Marchant Foundation LLM Scholarship  A former LSE Law Graduate's gift enabled the Marchant Foundation LLM Scholarship to be created. Indian applicants who are currently residents of India will receive priority consideration. Applicants with UK and EU fee status will only be taken into consideration if there are no appropriate Indian candidates.  Documents Details Application for Graduate Admission at LSE After adhering to the instructions, fill out the application form. LSE Graduate Financial Support Application Form This form has to be submitted through the Graduate Application Tracker.  Statement of Purpose  A solid personal statement detailing the candidate’s motivation and goals is required. Proof of Admission to the chosen course of study Proof that the candidate has been accepted into the chosen course of study is required.  6. Lady Meherbai Tata Education Trust Scholarship  Indian women can receive scholarships from the Lady Meherbai D Tata Education Trust to study overseas. Candidates must have a track record of excellence in the classroom. They must apply for admission to reputable overseas universities or obtain admission there. Candidates must have a minimum of two years of relevant job experience.  Documents Details Letter of Confirmation Proof of confirmation of acceptance needs to be submitted. Course Fee The details of the Course Fee are required. Curriculum Vitae An updated CV detailing the candidate’s educational and work experiences are required. Financial Statements The details of the candidate’s financial background are required.  7. Rajeeb Mukherjee Memorial Scholarship Due to a significant endowment, the Rajeeb Mukherjee Memorial Scholarship is given to qualified applicants from Canada, Bangladesh, and India. It would pay for the price of attending LSE.  Documents Details English Language Certification TOEFL-iBT – minimum score of 100 is required IELTS – Minimum score of 7.0 is required PTE Academic – Minimum score of 69 is required Offer of Admission Proof of acceptance to the chosen course has to be attached to the application. Academic References Letters of Recommendation from academic supervisors are required. Statement of Purpose An essay detailing the candidate’s personal goals and motivation to study the UG course has to be provided. Extra Cost Proof of any extra cost that affects the student has to be submitted. If there are medical costs involved, for instance, medical bills must be supplied. Income Certificate Income Certificates of parents/spouse/partner have to be submitted  Indian students who want to attend the London School of Economics for their higher study will benefit from the above-mentioned comprehensive list of LSE Scholarships. However, applicants are urged to verify the official website of the specific scholarship in case minor changes are introduced. Consult an expert advisor to get the right plan TALK TO AN EXPERT
Cost of studying medicine in Europe

Cost of studying medicine in Europe

Many students seek out other nations to complete their medical degrees, especially in Europe. The cost of studying medicine in Europe is surprisingly more reasonable than in India. Many private universities in India charge nearly 40 to 50 lakhs per annum for a medical degree. In comparison to this, several European nations with their inexpensive medical education have emerged as promising choices for these students.  European institutions are a popular choice among students due to their cutting-edge facilities and academically outstanding professors. In this blog, we've discussed the cost of studying medicine in Europe. Cost of studying medicine in Europe One of the biggest benefits of studying MBBS in Europe is the ability to save money with European medical education while still receiving an excellent education. The approximate cost of an MBBS in Europe in Indian rupees is as follows. UniversityFees/YearEuropean University5000 USD (INR 3.7 lakhs)Lviv National Medical University4900 USD (INR 3.6 lakhs)Ivane Javakhishvili Tbilisi Medical University6000 USD (INR 4.4 lakhs)Taras Shevchenko National University6000 USD (INR 4.4 lakhs)Bogomolets National Medical University5500 USD (INR 4.07 lakhs)Gdansk Medical University12,000 USD (INR 8.8 lakhs) Now, when it comes to living expenses while studying in Europe, they might change depending on the nation you have selected as well as the place where you will be residing. Following is the average cost of living in Europe. CountryAverage Living Costs to Study in Europe (Per year)Belgium10,200 -11,400 EUR (8.56 - 9.57 lakhs INR approx.)Netherlands9,600 -13,200 EUR (8.6 - 11.8 lakhs INR approx.)Austria11,400 EUR (9.57 lakhs INR approx.)Denmark14,400 EUR (12.9 lakhs INR approx.)Ireland12,000 EUR (10.7 lakhs INR approx.)Finland9,600 EUR (8,6 lakhs INR approx.)France9,900 EUR (8.3 lakhs INR approx.)Germany10,200 EUR (8.56 lakhs INR approx.)UK12,180 EUR (10.22 lakhs INR approx.)SwitzerlandCHF 22,734 (18.02 lakhs INR approx.)NorwayNOK 139,680 (10.78 lakhs INR approx.)Spain10,800 - 13,200 EUR (9.05 - 11.07 lakhs INR approx.)RussiaRUB 242,160 (2.51 lakhs INR approx.)SwedenSEK 96,000 (99,600 INR approx.)Note: The given figures are projections and can be reduced or increased by the universities and countries. Please always cross-check with the official websites at the time of admission. Top courses offered by European medical universities The top programs provided by European medical colleges are listed below. CoursesDurationMBBS/ MD6 yearsDentistry5 yearsPharmacy4 yearsNursing4 years Eligibility criteria for studying medicine in Europe The fundamental qualifying requirements for studying medicine in Europe vary depending on the program; we have listed the basic eligibility criteria for studying medicine in Europe below: You must be at least 17 years old on December 31 of the admittance year or older. The 10+2 standard test must be passed with a scientific degree. You must have Physics, Chemistry, Biology, and English as subjects in 12th grade. Additionally, you must receive at least a 50% on your 12th-grade exam. In order to apply for MBBS in Europe, you must pass the NEET test. At the time of admission, all original documentation must be shown. Top Universities to study medicine in Europe  If you want to enroll in one of the next intakes, these are the top universities in Europe for medical studies: Ivane Javakhishvili Tbilisi Medical University European University Taras Shevchenko National University Bogomolets National Medical University Lviv National Medical University Gdansk Medical University Different investment options to fund your child's cost of studying medicine in Europe There are several investment opportunities to help pay for your child's medical studies in Europe. Fixed deposits and other traditional products might not be enough to cover your child's educational costs. It is crucial to take other products into account, such as shares, balanced funds, and equity funds. You can select one of the following investment techniques based on your time frame: If your child will want the money within five years, debt mutual funds are the best choice. Such funds have the ability to produce returns that are higher than the rate of inflation while also supplying liquidity. For long-term objectives, you can combine several financial instruments. Gold, equities, and debt are all investment options available to you. Buying stocks gives investors the chance to eventually generate more money, even if exposure to the stock market may be dangerous. One of the best investment alternatives for supporting a child's education is the PPF. To amass significant wealth, you must begin this early and invest consistently. A variety of Child-focused services are offered by several insurance companies. When your kid needs the money to pay for higher schooling, you could opt to set more responsible regulations in place. Children's investment plans can assist you in preparing financially for rising education costs, unexpected illnesses, and unfortunate circumstances. As soon as you can, you should start making plans for your child's future. By doing this, the associated risks are dispersed and your assets have more time to grow. Consult an expert advisor to get the right plan TALK TO AN EXPERT
What is the cost of studying MBA abroad?

What is the cost of studying MBA abroad?

The cost of studying for an MBA abroad can be high compared to studying MBA in India. Indian students have to pay higher tuition fees than international students and have to manage living costs in a foreign currency. All these factors can affect the overall cost of studying MBA abroad much higher.   Students can choose from any of the foreign nations to complete the MBA program. The cost of an MBA is determined by the area of expertise and study location you choose. The typical tuition cost and daily living expenses for international students are listed below Pre-arrival costs for studying MBA abroad  Even before departing for an MBA abroad, an international student must pay a range of expenditures. The pre-arrival costs associated with admission exam registration fees, application fees, visa application fees, flights, etc., must be included in the MBA fees in foreign countries. Look at the estimated pre-arrival costs included in the MBA abroad tuition for Indian students:  Costs:  IELTS registration fee – INR 18,000-19,000   TOEFL registration fee – INR 14,550   GRE registration fee – INR 15,700   GMAT registration fee – INR 21,000   Airfare (depending on destination) - INR 30,000-120,000   https://www.youtube.com/watch?v=sIJ5VeZQODE Application fees for International MBA  When enrolling for an MBA overseas, you will be required to pay an application fee. This cost is included in the foreign MBA pre-arrival costs. Application costs for MBA at universities abroad:  USA – INR 16,000 to 24, 000   UK – INR 20,000  Canada – INR 3,000 to 20,000   Australia – INR 4,000 INR to 20,000   New Zealand – INR 2,000 INR to 7, 000  These ranges are for a single application. The total cost of applying to multiple business schools can go higher. Some universities do waive application fees for candidates but a huge set of universities do levy these fees on international students.  Application fees for visas for MBAs abroad  The cost of applying for a visa is one of the many pre-arrival fees for overseas students. There are many types of student visas that are required by various foreign nations; applications must be submitted on time and with the required fee. Student visa categories and associated application costs for MBA study abroad:  F-1 student visa (USA) - INR 41,000 to 50,000   Tier 4 student visa (UK) - INR 35,000 to 40,000   Canadian study permit (Canada) - INR 12,000 to 15,000   Student visa subclass 500 (Australia) - INR 36,000 to 37,000   New Zealand student visa (New Zealand) - INR 28,000 to 29,000  Living expenses for international students abroad  The living costs for international students are one of the significant costs associated with an MBA abroad. Keep in mind that living expenses in other countries are much higher than in India and must be taken into consideration. Only a select few of you will be fortunate enough to receive an all-inclusive scholarship that will cover your living costs, so for the rest of you, you will need to properly budget for this when determining the cost of an MBA program overseas.  Before looking at the cost of living for an MBA abroad, you should be aware that the precise amount will depend on the type of housing you select, such as on-campus or off-campus facilities, whether you have a private or shared room, the amenities you desire, and where you are located in the country. When calculating the price of an MBA program overseas, you'll discover that certain places have significantly higher monthly costs than others. So, if money is limited, look for universities in areas with low costs of living. In the majority of foreign nations, international students are also permitted to work part-time, which can be a very helpful source of revenue for your daily expenditures.  Annual living expenses for MBA study abroad:  USA: INR 765,000 - INR 13,80,000   UK: INR 920,000 - INR 18,40,000   Canada: INR 840,000 - INR 12,25,000   Australia: INR 920,000 - INR 16,86,000   New Zealand: INR 765,000 - INR 11,50,000   If you want to calculate the cost of college then you can check this link here.  Conclusion  Yes, the expense of an MBA overseas may seem overwhelming to you, but try not to get discouraged if the price tag is out of your price range. There are many financial aid options available specifically for international students to allay your financial concerns and inspire you to pursue a degree overseas. You can achieve your objective by working harder, taking on part-time jobs, or saving as much money as you can. Once you finish the program, all of your investment will eventually provide fantastic profits.  FAQ Which country is the cheapest for MBA?  Germany is said to be the cheapest country for doing MBA. Is MBA abroad expensive? In India, an MBA will set you anywhere between INR 7,50,000 and INR 25,000. On the other hand, the cost of an MBA will range from INR 20,00,000 to 75,00,000 if you plan to study abroad in a country like the United States, the United Kingdom, Canada, or Australia. Is MBA cheaper in India or abroad? This is a completely different premise, and the solution is straightforward: if you can afford it, an MBA from a mid-level university abroad is preferable to an MBA from a private institute in India. The return on investment is just higher. A few foreign universities provide MBA courses at significantly cheaper costs than anticipated.  Can I study MBA abroad for free?  Search for grants and scholarships if you want to study abroad without breaking the bank. Each year, thousands of overseas students get financial aid from universities, foundations, charities, and government agencies for their living expenses and tuition.  Consult an expert advisor to get the right plan TALK TO AN EXPERT
Guide to calculating education costs for parents

Guide to calculating education costs for parents

Parents want the best for their children, especially a good education. The rising inflation rate makes it difficult for parents to determine the amount they need to save for their child’s education. Understanding the actual education costs with the help of a college cost calculator is important so that parents can become aware of the potential expenses. It surely becomes easy to plan, start early investments, and build a future education corpus. Here’s a guide to calculating education costs for parents! This blog will help parents to get an estimate of future expenses and plan accordingly.  What is an education cost calculator? An education cost calculator is a tool that helps the user to know about future education expenses effectively. It is easy to use and gives the best estimates so that parents can make necessary changes in their plans to suit their requirements.  The education calculator considers future value, inflation, number of years a person has to save and then calculates the amount. The objective of using an education calculator is to make the process easy and smooth. Once the calculator gives out the estimated amount, parents can take the help of financial experts to create a roadmap for achieving financial goals.  What will be the Cost of Education after 20 years? Read More Steps to Calculate Education Costs  Education inflation is at an all-time high, and it has led to a rapid rise in education costs. Parents need to factor in several metrics to get the nearest estimate of potential costs.  1. Calculate the current cost Determine the cost of education based on current market value. Suppose you want to send your child to the UK, then calculate the current amount you need to send your child abroad.  If you want to send your child to a reputed college in your home country, then calculate the total cost needed for that degree course in terms of the current fee structure and associated costs. It is now easy to visit the sites of reputed universities and learn about their fee structure and associated costs to get a general idea of the amount required for studying a specific course.  Parents can take the help of education counselors like the ones at Edufund to calculate the current amount needed for higher studies.  2. Determine the number of years Parents wanting to know about the education costs down the line need to determine how many years they have to save to create an education fund.  Is your child still young, or will they be ready in a few years to join the high school? Suppose the child is now 6 years old and they will need the money for higher education when they are 17 years old. The parents then have a maximum of 17 – 6 = 11 years in hand.  How many years approximately a parent has is important as the number of years affects the amount you can build. If a parent has a smaller number of years, then he needs to save a higher amount which might prove difficult for a middle-class family.  3. Consider the rate of inflation The amount you have calculated based on the current scenario will not be feasible down the line. Suppose your child enters college after ten years then the amount needed at that time will not be the same. You can consider the overall inflation rate or use available breakdowns.  It is vital to factor in the inflation rate to determine the costs that will go up in the future for correct estimates.  Factors responsible for Education Inflation in India? Read More 4. Consider the expected investment return Be realistic while determining the expected investment returns. Remember, when you have a clearer picture, it becomes easy to take the necessary steps that will take you closer to your desired goals.   5. Consider the education calculator Parents should consider an education calculator to give them the nearest evaluation of the amount parents should save to meet future education costs. The use of an education calculator will ultimately prove beneficial in making effective plans for the future. Once the parents have all the necessary information, then simply key in the details as per the instructions. The education calculator is an important guide to calculating education costs for parents as it will provide the probable future education cost and the monthly savings that need to be undertaken to build that amount.  Edufund’s college cost calculator is a comprehensive education calculator that can calculate the potential education expenses and give the nearest amount needed to meet your child’s education costs. It will also provide the parents with an estimate of the monthly savings that need to be undertaken to achieve goals. Conclusion The guide to calculating education costs for parents gives easy access to the required know-how and helps in making informed decisions. An education calculator like the one at Edufund helps to meet the educational needs of a child successfully. It is a blessing in disguise because besides providing estimates and extensive information, it helps to save the cost estimates and alter them to suit individual needs.
The growing costs of online courses for school kids.

The growing costs of online courses for school kids.

As per-student.org, “Blockchain Technology is the most demanding online course for students.” Furthermore, Business Insider Intelligence declares its exponential growth in the healthcare industry at a CAGR of 70.56% in the upcoming years. Online courses for school kids are fast growing in the new normal world, and most parents are curious about the expenses associated with online learning.  Let’s explore why. Growing costs of online courses for school kids Some online courses for school-aged children are a more affordable option since they provide a greater education at a far lower cost. It is important to stress that the average cost of online courses for school kids is still a sizable investment. Many parents started their search for a course under the impression that online education would be quite reasonable.  Online courses are gaining importance Online learning emerged as a safe and feasible option during the pandemic. Before the pandemic, the worldwide eLearning market was seeing rapid yearly growth. The eLearning market is predicted to expand at a compound annual growth rate of 9.1% from 2018 to 2026, reaching $336.98 billion by 2026.  A wide range of large-scale open online courses has emerged in response to the new employment channels and career possibilities that have already replaced traditional careers. Additional read: Does an education loan cover living expenses? Popular online courses for kids in 2022 Computer online courses related to -  coding applications data science Social and digital media management entrepreneurship and management psychology graphic designing Visual effects and film-making Foreign languages are among the courses available Costs of online courses The majority of the online courses are paid courses. When overseas universities and institutes offer these courses, they can easily cost a few thousand. Even a 10-day program may assist students in improving their overall resumes and gaining an advantage in further education in India and overseas.  Online courses for school students cost up ₹35,000 - ₹1 Lakh, depending on the popularity and course duration. The reason is the huge competition among peers. Parents aim to encourage discipline and keep children engaged in nurturing skills with online courses. These courses help children remain ahead of the learning curve. The whole advancement and competition are affecting the financial bottom line. As Statista puts it, “the average monthly income of a middle-class Indian is ₹15000 - ₹ 20,000.” Given the statistics, there is hardly any flexibility for online course fees. The parents are stuck between managing dreams and attending to necessities. Indian education industry Future valuation The Indian online education industry was valued at ₹247 crores in 2016 and is anticipated to reach ₹159 hundred crores by 2021. Simultaneously, the proportion of paid online education users is expected to reach ₹77 Crores by 2021. Because these calculations do not account for the COVID-19 pandemic, it is very feasible that the estimated estimations may fall short of reality as even more learning is brought online Trends in Online Education The drive for skill enhancement and skills training has increased the demand for online certification courses. As per weforum.org.“ The number of online learning users touched 747 crores in 2021”. This is bound to increase in the upcoming years. Almost 70% of the students have enrolled in online education to acquire a new skill or enhance their means of employment. Students gain skills without disrupting their study schedule. Top Trends in Online Education 2022: Does an education loan cover living expenses? Gamification education Reality Extension Honing communication and management skills AI-powered teaching lessons Bite-sized lessons for easy comprehension The personalized learning experience with analytics Invest, plan expenses, and hit short-term goals with Edufund Parents can categorize their short-term objectives depending on their duration and priority. Goals such as an emergency fund, school fees, and debt payments are critical. The cost of education in India will increase amid slow financial growth. Parents should be more focused when selecting an investment product for their short-term goals.  Parents can select investing strategies that last little less than a year and meet their short-term goals easily. They can choose the relevant SIP fund as per their income or business revenue. The platform highlights some important child education goals that guardians can save for. Choose and decide per month contribution and years until you wish to save. Once done, the platform reveals the total amount you could save given the expected inflation. You can reduce or increase investment accordingly and track the same.  Parents must build a good structure, plan, and set up when deciding on a short-term investment. Online courses help develop overall child personality. Planning once the child turns 10 is preferable. It helps budget early and invests according to short and long-term goals.  Consult an expert advisor to get the right plan TALK TO AN EXPERT
Which course is better - MBA or PGDM?

Which course is better - MBA or PGDM?

Your children have completed their bachelor's and are now thinking of pursuing a management course. MBA or PGDM? Is that the question they've been looking for an answer to? Then let us help you figure out the best option for your child. Difference between MBA and PGDM Every student has certain preferences with respect to the duration they want to invest in that particular course, location, future prospects, etc. Here are some characteristics of both MBA and PGDM which will help you understand how they're both different. By going through these differences, you can help your child choose the option that works best for them. Categories PGDMMBADuration 1 year2 yearsQualification Diploma CourseDegree CourseRequired Entrance ExamsATMA, SNAP, CAT, XAT, NMATMAT, CAT, XAT, MAT, GMATCourse Fees (Range)INR 5 - INR 24 LakhsINR 2 - 35 LakhsSyllabus Your child will get exposure to a more hands-on approach to workplace situations. The curricula at autonomous institutes frequently get updated to keep up with the changing business environment.Compared to PGDM, MBA is more theoretical. It also depends on the university your child is applying to. Top Job RolesProject Manager, Consultant, Data Scientist, Auditor, Tax Specialist, etc.HR Manager, Business Analyst, Marketing Manager, Finance Advisor, Investment Banker, etcInitial Salary OfferedUp to INR 30 LPA or moreUp to INR 60 LPA or more MBA vs PGDM - Reasons to Consider Reasons to choose MBA MBA is a prestigious degree that propels students toward management careers. It offers early professionals opportunities for senior roles with more responsibilities. The typical duration for a full-time MBA program is around 2 years. Candidates pursue an MBA to enhance their skills and become business leaders. The degree is not limited by one's prior field of study. What matters is the desire for a management career in a specific area. Careful consideration of key factors is essential before choosing an MBA program. Reasons to choose PGDM Post Graduate Diploma in Management (PGDM) suits recent college graduates and professionals with around two years of experience seeking career advancement. It's highly beneficial for business-focused, innovative, and sustainability-oriented individuals. PGDM offers extensive exposure to management concepts across functional areas. The program aims to integrate learning and boost awareness. Innovative curricula aligned with industry trends are a key feature. Mandatory internships provide valuable industry exposure. The PGDM program's ultimate goal is to prepare well-rounded professionals for the demanding business world. MBA vs PGDM - Which is More Expensive? Although it varies from university to university, if we talk about the affordability of both courses, an MBA is usually more economical than a PGDM.  While your child can get an MBA for about 2 lakhs or a little over, a PGDM usually begins at 5 lakhs.  In either case, you can find out the exact cost of your child’s education through our College Cost Calculator. Once you find out the cost, you can plan your savings for their education accordingly. Start Investing in Mutual Funds for Child Education MBA vs PGDM - Impact on Career In both India and abroad, both MBA and PGDM programs hold equal weight in terms of career opportunities. Possessing a postgraduate diploma rather than a degree is not viewed as a limitation. What truly counts is the standing of your university or institution and, more significantly, your professional competencies. With a clearer grasp of the distinctions between MBA and PGDM courses, take the time to assess both options and make your choice based on your academic and professional inclinations. Your educational journey should align with your personal aspirations and career objectives, considering the flexibility and equivalency of these programs in shaping a successful future. Studying MBA in the USA or PGDM in Canada? Thinking of a study abroad plan for your child? Maybe an MBA from the US or a PGDM course from Canada? Well then here's what you need to know to help them decide. Pros of getting an MBA in the USA Increased possibility for lifelong income.  Increased likelihood of employment and employability.  Professionally connect with the top talent in the field.  Become more knowledgeable and broaden your horizons.  Develop strategic leadership abilities for large corporations.  Expenses: For premier colleges, Indian students' MBA tuition in the USA can range from 50,000 to 1,000,000 INR.  Cons of getting an MBA in the USA Studying for an MBA abroad has various drawbacks, such as the expense of being unable to apply for employment. Students may find it more difficult than they anticipated to get visas or work permits for their studies abroad, which might force them to leave the nation quickly after graduation with little time for adjustment. Masters vs PGDM in Canada Read More Pros of Getting a PGDM in Canada  In Canada, PGDM programs are less focused on research and more job-oriented. Many MNCs are headquartered in Canada, which also has a low unemployment rate of 6.5 percent. While doing the course, students might complete an internship to get experience in the real world. Canada promotes the option of staying behind after graduation. To add to this, getting a student VISA for Indian students is much easier in Canada compared to the USA.  Cons of Getting a PGDM in Canada Comparatively speaking, Canadian PGDM courses are less costly than those offered in the US and other nations. PGDM programs typically cost between 15,000 and 17,000 CAD (INR 8,00,000 - INR 9,05,000 approx.)  Create Goal for Post Graduation Study Abroad Programs Conclusion  Be it an MBA or PGDM; be it in India, the USA, or Canada, what's important for you as a parent is to be prepared for the educational expenses. Download the EduFund App today and take the first step to fuel your child's dreams. FAQs What is the difference between a PGDM and an MBA? MBA is a 2-year-long degree program whereas, PGDM is a one-year-long diploma course. For senior positions, should one get an MBA or a PGDM? Although both hold great importance if issued by prestigious institutions, the degree is sometimes preferred over the diploma. Which is more expensive - an MBA or a PGDM? The answer completely depends on the institute one has applied to. However, in general, the diploma program is more expensive than the degree. Do MBA and PGDM have equal career prospects? Yes, both programs hold equal weight in career opportunities, with the institution's standing and your skills matter most.
Choose the “Best Fit” rather than the “Best” college

Choose the “Best Fit” rather than the “Best” college

By Eela Dubey, Co-Founder, Edufund India, and Namita Mehta, President, The Red Pen Most students pick their colleges based on rankings, which isn’t always the right strategy. Instead, they need to find the college that is the "best fit" for them. In India and globally, there are a staggering number of higher education institutions that offer world-class education. According to the All India Survey on Higher Education 2018-19, there are about 993 universities in the country, out of which 127 are deemed an Institute of National Importance. In the US, this number is significantly higher, with about 4,000 degree-granting postsecondary institutions, with US News only focusing on 1,400 for their ranking table and QS only including 160 in their World University Rankings list. The UK, on the other hand, has approximately 315 degree-granting universities and colleges listed on UCAS. This means you have choices. Many, many choices! Despite this, students opt to apply to only a handful of highly selective colleges. Since they are highly ranked on popular university lists, they are perceived as the “best”. The truth is that prospective students are fueling their hyper-selectivity. As more and more students apply to the same group of colleges year on year, they make the admit rate for these institutions smaller, leading to them becoming even more selective. The recent Netflix documentary, Operation Varsity Blues: The College Admissions Scandal which primarily focused on the recent college admissions scandal, also touched on how certain colleges are still attracting the majority of applicants. For example, over the last eight years, Harvard University has seen a steady increase in the number of applicants. From 34,295 applicants for the class of 2018 to approximately 57,000 for the class of 2025, the college has seen a 60 percent increase! And despite the pandemic, The New York Times reported that “Waiving standardized test requirements during the pandemic brought more hopefuls to the Ivy League and large state schools, while less-selective colleges face an alarming drop.” The question students need to ask is, “Which college is going to give me the education I need to reach my goal?” They need to understand how to choose the “best fit” college rather than the “best” college (which has been touted by rank tables and is based on common perception). There is no easy way of finding the right higher education institution for yourself. You need to research to understand each college’s ethos, and its USPs and see how its courses and offerings fit into your future goals. Learning about several colleges is time-consuming and hard work. Rank tables are often the go-to resource when families and students begin the college selection process. It does make sense on some level; “My child wants to study engineering and he/she has been academically successful in physics and mathematics. Let me go and check the top 10 colleges for engineering in the world.” No doubt this is a great starting point, but most often, this is where the research ends and a “dream, target, safety” list is quickly drawn up from the “top 50” options. Also, you need to understand what metrics each list is using. Universities are awarded ranks based on criteria, such as the amount of funding the faculty has secured, which may not have any impact on undergraduate teaching or a student’s undergraduate experience. The Times Higher Education World University Rankings for example, “judge research-intensive universities across all their core missions: teaching, research, knowledge transfer and international outlook.” The research area accounts for 30 percent and includes reputation survey (18 percent), research income, and research productivity (both at 6 percent). Conversely, for US News, faculty resources account for only 20 percent, which is broken down into five parameters–class size (8 percent), faculty salary (7 percent), faculty with the highest degree in their fields (3 percent), student-faculty ratio and proportion of faculty who are full time (both at 1 percent). This is why a parent and student’s research should not end here. They should deep-dive into the size, location, syllabus, job opportunities, and more before they come up with a list. “Brand value” is another aspect to which students and parents attach a lot of importance. The brand value of a college varies from region to region and is created by community opinion on the reputation of a university. In my experience, I have seen that at times, a college’s brand value is directly proportional to the number of years it has been marketing in that particular region. The more consistently the college has marketed to an audience, the more likely students will apply, enroll, graduate, and then come back and tell their peers about their experiences. When there are sufficient alumni from that college in your immediate network (and they are successful in some capacity), the brand value of that college automatically goes up and without even realizing it, prospective students will have that college on their list. The University of Warwick in the UK is a perfect case study for this. It was one of the first British universities in the UK to accept Indian local curricula such as the HSC and ISC for admission. As they were among the first, many students flocked to the university. As a result, it has a strong brand value in India. It is important to note that your “best fit” university might not be the same for you and your best friend, even if you both are interested in the same major. For example, you might benefit from a college that has substantial experiential opportunities such as the co-op opportunities at The University of Waterloo, where you have the option of working in the field. Your friend, however, might prefer significantly more traditional classes, that may not include any working exposure as a part of the curriculum. Understanding which learning environment you will thrive in is crucial! With the Covid-19 pandemic, world-class education can essentially become available to everyone who wants it. Even after the pandemic, you can access professors doing cutting-edge research on a topic of your choice, learn from them, and gain the skills you need to succeed. As the world becomes more connected and the next generation of learners becomes clear about their strengths and goals, choosing a college or learning program that will optimize their growth and potential will be critical. In the next article in this two-part series, we will talk about what components you need to look out for when you are crafting your college list. You can bet that it goes beyond rank tables and popular opinion
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