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April 17, 2024

Top Education Boards in India: How to choose the right one?

best boards in India

Parents can choose between a variety of education boards in India. India’s education system has undergone significant changes in the past few years. Innovative approaches are being applied in schools.

The framework is working to ensure that students receive a top-notch education; and a lot more. Let’s find out which is the best education board in India to help you choose the best for your child.

List of Education Boards in India

Before diving into the best education boards in India, here is a list of all the education boards in India:

  • Central Board of Secondary Education (CBSE)
  • Indian School Certificate (ISC)
  • Indian School Certificate Examinations (ISCE)
  • International Baccalaureate (IB)
  • National Institute of Open Schooling (NIOS)
  • State Boards in India
    • Andhra Pradesh Board of Intermediate Education (BIEAP)
    • Andhra Pradesh Board of Secondary Education (BSEA)
    • Bihar School Examination Board (BSEB)
    • Board of Secondary Education Rajasthan (RBSE)
    • Chhattisgarh Board of Secondary Education (CGBSE)
    • Gujarat Secondary and Higher Secondary Education Board (GSEB)
    • Himachal Pradesh Board of School Education (HPBOSE)
    • Haryana Board of School Education (HBSE)
    • Jammu and Kashmir State Board of School Education (JKBOSE)
    • Madhya Pradesh Board of Secondary Education (MPBSE)
    • Maharashtra State Board of Secondary and Higher Secondary Education (MSBSHSE)
    • Punjab School Education Board (PSEB)
    • Uttar Pradesh State Board of High School and Intermediate Education (UP Board)
    • West Bengal Board of Secondary Education (WBBSE)
    • West Bengal Council of Higher Secondary Education (WBCHSE)
Source: EduFund

Best Education Boards in India for schooling

If you’re looking to figure out what’s good and bad about different syllabi and education boards, here’s a list of the most popular and best education boards in India for education.

1. State Boards

State boards are amongst the most popular education boards in India. This education board is unique and distinct to each state, with its special curriculum and grading standards. As one of the premier educational boards in India, every state board has its educational strategy, resulting in curricular variations from one state to the next in India.

It focuses on state-level subjects and local material, allowing students to prepare for state-level professional and healthcare admission exams.

Some state boards have mandated all schools to use only NCERT texts, which are required for students to prepare for pan-India exams.

Features 

  • The medium of instruction is the state’s regional language along with English.  
  • The syllabus is designed by the Department of Education of the specific government. For example, the Maharashtra State Board of Secondary & Higher Secondary Education is given by the local government’s education department.  
  • Domicile students of the state have an advantage over other students. 
  • The syllabus recognizes and includes the local culture and traditions  
  • State boards are relatively cost-effective and have affordable fee structures 

Advantages 

  • The syllabus is easy to understand when compared to other boards. It is customized for state students.  
  • The second language is generally the state language which strengthens the love for languages and helps the students learn their mother tongue academically.  
  • The state board schools are relatively cheaper and more affordable. The tuition fees are less when compared to private schools offering CBSE, Cambridge, or IB board.  
  • It is easier to score in state boards than in national boards like CBSE, ICSE, or IB.  
  • State boards offer less competition and allow students to grow at their own pace.  

Disadvantages 

  • The state board’s syllabus is not uniform and can be tough for students whose parents move a lot across India.  
  • State boards offer limited subjects and may have a regional bias based on the state. The syllabus is generally influenced by the state, its language, local culture, and history.  
  • State boards are not an ideal choice for higher education as they may not be accepted by all universities.  
  • Marking schemes are lax and allow students to score better in exams but these scores are not real indicators of academic excellence.  
  • State board books are not a standard material for national entrance exams and students may have to buy NCERT books along with their state board books to prepare for 12th and entrance exams. 

2. Central Secondary Education Board (CBSE)

CBSE (Central Board of Secondary Education) is one of India’s most important and possibly most widely recognized education boards.

CBSE has managed this by implementing traditional teaching frameworks in most of the country’s schools. This also refers to the national level board that is followed by many private and public schools around the country. 

The board gives exams to both regular and private students. Candidates interested in distance learning can apply for admissions and evaluations.

Following grade 10, CBSE offers a variety of subjects in science, business, and humanities to its students. After completing high school, students can submit applications to various universities for further education.

CBSE is the most widely used and recognized board in India today. CBSE has succeeded in establishing a universal education board for the majority of schools in the country.

It is also the national scale board, used in many private and public schools around the country.

Features  

  • CBSE offers a uniform curriculum across states in India 
  • CBSE board is the oldest and most popular board in India 
  • It conducts 10th and 12th board exams across the nation and is responsible for conducting national exams for admissions to dental, medical, and engineering colleges.  
  • CBSE uses English and Hindi as a medium of instruction. It also uses other regional languages.   
     CBSE syllabus is relatively easier when compared to other boards. It’s a combination of practical and theoretical knowledge.  

Advantages

  • CBSE offers over 211 subjects to students to help them pursue a wide range of careers. There are popular subjects like science, and maths, and career-oriented subjects like business studies, legal aptitude, psychology, and entrepreneurship to focus on career development.  
  • The CBSE syllabus is uniform across India. This means students whose parents are constantly on the move due to their jobs can easily adapt without any academic lag.  
  • The CBSE is responsible for conducting national-level entrance exams for engineering, health, and dental institutes. Students preparing for these exams can make use of their NCERT textbooks to prepare for the paper without any extra work or stress.   
  • There are over 24000 schools in India that offer CBSE boards to students. It is one of the oldest education boards in India and a trusted education provider since 1929.  
  • The syllabus is easily accessible on the NCERT website and students can download it for free.  

Disadvantages

  • The focus is on theoretical knowledge and rote learning over practical and experimental learning.  
  •  The syllabus is not as challenging and students are forced to mug up answers to excel in exams rather than learn concepts in a unique fashion.
  • Students are encouraged to be free-minded and individualist. They are required to follow textbooks and focus on gaining marks over real skills and research acumen.   
  • The syllabus is standardized which means that it does not focus on local culture and learning.  
  • CBSE books are expensive when compared to state board books.  
  • Focus is on subjects like science and mathematics and it might prove difficult for students to excel in school if these subjects are not their strong suits. 
  • Regional bias towards the Emphasis Hindi language. Many CBSE-run schools require students to study Hindi as a second or third language which can be lengthy and tough on students whose primary language is not Hindi.  

advantages and disadvantages of CBSE board

Advantages and Disadvantages of the CBSE Board


3. CBSE Board Exams 2022

Approximately 35 lakh students appeared for the CBSE board exams 2022, which includes 21 lakh Class 10 and 14 lakh Class 12 students.

CBSE is far more accommodating to students than state boards. Its course structure guarantees that school children do not encounter a huge amount of pressure, and texts are made engaging and informative.

education boards in India

4. Indian Certificate of Secondary Education (ICSE)

The ICSE, or Indian Certificate for Secondary Education, provides a fantastic program that reflects on the fundamentals and principles of ideas.

It is yet another of India’s practical education boards. The Council for Indian School Certificate Examination is a private school board in India.

The purpose of this board is to undertake a basic education analysis using the English medium to the New Policy of Education 1986 (India) recommendations.

Features  

  • ICSE uses English as a medium of instruction 
  • It focuses on practical and experimental learning over rote learning.  
  • It offers a variety of subjects and extracurriculars for students to excel and encourage overall development 
  • ICSE helps students prepare for English proficiency exams like TOEFL and IELTS. It is helpful for students who wish to appear for SAT and ACT exams for US undergraduate admissions. 

Advantages  

  • ICSE board has a vast syllabus that covers different topics in great detail and provides students with a comprehensive understanding of each subject.  
  • Students from the ICSE board have an impressive command of the English language as compared to other boards. It only uses English as a medium of instruction. This is extremely if your child is planning to study abroad or appear for competitive exams like IELTS, TOEFL, and SAT. It will give your child an edge over others.  
  • From fashion design to legal studies, students can study a lot of subjects under the ICSE board.  
  • ICSE focuses on practical learning and goes beyond textbooks. It encourages students to apply their learning in the classroom to real life.  
  • ICSE board is internationally recognized and over 2500 schools in India use the ICSE board. ICSE board is one of the oldest boards in India and was founded in 1958. 
  • The board is extremely advantageous for students who wish to develop a strong command of the English language to study abroad.  
  • There is no bias when it comes to subject preference and students are encouraged to participate in physical activities.  

Disadvantages 

  • ICSE only uses English as a medium of instruction and no other language. This can be alienating for students who are well-versed in Hindi, Marathi, or other regional languages.  
  • ICSE has a vast syllabus that leaves little room for extracurriculars and physical activities.  
  • There is no special advantage or preference given to ICSE when it comes to studying abroad applications. It can help students crack TOEFL and IELTS but it does not guarantee admission. 
  • ICSE board is more expensive than the governing board or CBSE board. However, this too differs from school to school.  
  • In order to appear for ICSE board-led exams, students have to be enrolled in an ICSE-run school. This is an option under boards like CBSE or state boards where students can appear for the exam.    
  • Not a good option for students whose parents travel a lot. ICSE board is not offered by a majority of schools and it can be tough for students who are on the move.  

IB board school pros and cons

Sending your child to IB Board


5. Council for the Indian School Certificate Examination (CISCE)

CISCE is run by the private companies’ national education board in India which controls the Indian Certificate of Secondary Education (ICSE) and the Indian School Certificate (ISC) for grades 10 and 12.

It was established in 1958. The CISCE is affiliated with around 2,100 schools in India and across the world. The Council conducts annual evaluations for Grades 10 and 12 in February and March.

The board only gives exams to regular children.

6. National Institute of Open Education (NIOS)

The National Open Schooling Institute’s (NIOS) purpose is to create a system of education that is adaptable and accessible to all children. It was among India’s numerous student-friendly education boards.

It is child-centered and assists individuals in developing decisions about what to study and how or when to learn. The NIOS is a national board that administers intermediate and post-secondary exams similar to the CBSE and CISCE.

It also offers a collegiate education following high school.

Features 

  • NIOS is an open learning school board for students of all age groups. 
  • It is an alternative for students who have gap years, disabled students, and students who cannot afford regular school.  
  • NIOS is flexible and offers students an opportunity to study remotely.  
  • It is an option for parents who wish to home-school their children and design their own curriculum.  

Advantages 

  • NIOS is an open school and the biggest advantage of this education board is that it offers flexibility in terms of classes, attendance, courses, subjects, and time period. Students can complete a year in 4-5 years, and choose their courses and subjects.  
  • There is no age bar. Students of all age groups can enroll in any course and complete their schooling.  
  • NIOS conducts public exams twice a year for students.  
  • NIOS board paves the way to study at top universities and colleges.  
  • There are special facilities for students who are disabled. They are free to give exams at their own pace and complete the course as well.  
  • It is recognized by the government of India and completes their schooling to apply for higher education.  
  • It is extremely cost-effective and can help parents a lot of money. This is extremely useful for parents who want to home-school their children.  

Disadvantages  

  • There is no teacher supervision and students who not have proper guidance for subjects.  
  • There is no structure for choosing subjects. Students may end up opting for subjects that do not prepare them for college or higher education.  
  • Students have to opt for private tuition and self-study as they are no classrooms.  
  • Students miss out on the class environment and school experience.  
  • NIOS board does not help students prepare for particular exams or study abroad.  
  • Students have to be self-motivated and driven to excel in this board. 

7. International Baccalaureate (IB)

The International Baccalaureate is a non-profit academic organization that is one of India’s top-tier education boards, giving better educational opportunities to kids aged 3 to 19.

The IB schools are regarded as distinguished while also being expensive. It offers three key initiatives: the Primary Year (KG to Class 5), the Middle Year (Class 6 to Class 10) Program, and the Graduation Program (Class 11 and Class 12). 

Features 

  • IB board is an international board recognized in 160 countries.  
  • It offers a variety of subjects, extracurriculars, and sports to students.  
  • It helps students prepare for study abroad applications and has a curriculum designed to enable students to excel in foreign universities.  
  • The board offers 4 main programs called IB Primary Years Programme (PYP), IB Middle Years Programme (MYP), IB Diploma Programme (DP), and IB Career-Related Programme (CP).  

Advantages  

  • IB is a global program with 5000 schools in 160 countries. It is easily the most recognized and popular board in the world.  
  • IB offers students global exposure and the learning approach is dynamic and international. 
  • IB board prepares students for studying abroad and the transition to foreign universities is relatively smoother for IB students because the curriculum is global. 
  • IB board is great for skill building and gives equal importance to academics and extracurriculars.  
  • IB board helps with study abroad applications by offering subjects like essays and by including extracurriculars that add value to the student’s application.  
  • IB board also offers students constant guidance and has a great teacher-to-student ratio when compared to other boards.  

Disadvantages 

  • IB board is expensive and it can cost up to Rs. 3-4 lakhs per annum to send your child to this board.  
  • IB helps with study abroad applications but does not guarantee students a place in Ivy League or foreign universities.  
  • IB board schools in India are limited and generally located at the outskirts.  
  • The syllabus for students in 11th and 12th can be overwhelming. Students may feel burdened by the workload in their final year because they have to manage university applications and exams together.  
  • IB board lacks flexibility in subject selection. Students cannot opt for 2 subjects together from the same category (there are 6 categories and all subjects have to opt for one subject from one category) 
Source: EduFund

Is CBSE harder than IB and ICSE?

Here is a short comparison to help you decide whether CBSE is harder than IB and ICSE! 

  • CBSE

The Central Board of Secondary Education (CBSE) is the most widely recognized and popular board in India. It follows a comprehensive curriculum and offers a range of subjects across various disciplines.

With over 16,000 schools from 25 countries affiliated with it, CBSE provides a balanced education that caters to the diverse needs of students.

  • ICSE

The Indian Certificate of Secondary Education (ICSE) board is known for its rigorous and comprehensive curriculum.

The ICSE syllabus covers a wide range of subjects, including languages, sciences, humanities, and vocational courses.

The board emphasizes analytical thinking, research-oriented study methods, and an in-depth understanding of concepts. As a result, the ICSE board is considered more challenging than the CBSE board.

  • IB

The International Baccalaureate (IB) board offers a globally recognized curriculum that focuses on holistic education.

The IB curriculum is known for its rigorous academic standards, emphasis on critical thinking, and international-mindedness. It encourages students to develop skills such as research, inquiry, and independent learning.

The IB board does not delineate a prescribed list of textbooks and syllabi, providing schools with more flexibility in designing their curriculum. Consequently, the IB curriculum is considered more challenging than both CBSE and ICSE.

What is the toughest board in India?

While comparing the difficulty levels of these boards, it is crucial to understand that the perception of difficulty can vary among students.

Some students may find the CBSE curriculum more manageable due to its structured approach and clear guidelines. On the other hand, students who prefer a more comprehensive and research-oriented curriculum may find the ICSE board more challenging.

The IB curriculum stands out in terms of its demanding nature. Its focus on interdisciplinary studies, extended essays, and the Theory of Knowledge (TOK) course requires students to delve deep into subjects and engage critically with knowledge.

The IB’s emphasis on independent research and international perspectives adds another layer of complexity to the curriculum.

Which board is the best for the future?

Selecting the best board for your child’s future depends on their interests, strengths, and career goals. CBSE is a reliable choice for students who prefer a structured curriculum and aim for competitive examinations in India.

ICSE, with its extensive syllabus and focus on analytical thinking, is suitable for students who enjoy academic challenges and aspire to pursue research-oriented careers.

The IB board, with its global perspective and emphasis on critical thinking, is an excellent choice for students seeking international exposure and considering universities abroad.

The IB curriculum nurtures skills such as collaboration, cultural awareness, and independent thinking, preparing students for a wide range of academic and professional opportunities.

FAQs

Which board is best for education in India?

CBSE is the most popular and preferred education board in India. There are over 24000 schools that offer CBSE curriculum to their students.

Which is the No 1 Board in India?

CBSE is considered the no. 1 education board in India because of its popularity and uniformity.

Is CBSE better than ICSE?

CBSE is more popular than ICSE. Both are their set of merits and demerits and parents can choose the education board in India that matches their child’s academic preferences and interests.

Which education board is the biggest in India?

CBSE is the biggest education board in India.

Is ICSE harder than CBSE?

Yes, ICSE is considered tougher than CBSE because of its vast syllabus. However, the difficulty level differs from student to student.

What is the difference between CBSE, ICSE, and IB boards?

CBSE (Central Board of Secondary Education), ICSE (Indian Certificate of Secondary Education), and IB (International Baccalaureate) are different educational boards in India. CBSE follows a structured curriculum, ICSE emphasizes analytical thinking and research-oriented study methods, while IB offers a globally recognized and holistic curriculum.

How does the IB curriculum differ from CBSE and ICSE?

Unlike CBSE and ICSE, the IB curriculum does not have a prescribed list of textbooks and syllabi. It offers a more flexible and interdisciplinary approach to learning. The IB curriculum places a strong emphasis on critical thinking, independent research, and international-mindedness, making it distinct from CBSE and ICSE.

Which board is best for preparing students for competitive exams?

CBSE is often preferred for students preparing for competitive exams in India due to its focused curriculum and alignment with national-level entrance exams like JEE and NEET. The syllabus of CBSE covers topics in a structured manner, facilitating exam preparation.

Which board is considered the toughest in India?

The perception of difficulty varies among students, but the IB curriculum is generally considered more challenging than CBSE and ICSE. The ICSE board is known for its comprehensive and rigorous syllabus, making it relatively tougher compared to CBSE.

These are some of the best education boards in India for schooling. Each board has its own set of merits and demerits so make an informed decision before enrolling your child.

Parents can also switch the school board based on their child’s changing interests and help them advance in their dreams!

Consult an expert advisor to get the right plan
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10 Reasons Why You Should Study in the USA

10 Reasons Why You Should Study in the USA

The USA has emerged as a top destination for ambitious students, and for good reason! This blog explores ten compelling reasons why studying in the USA can be a transformative journey, opening doors to academic excellence, personal growth, and a bright future. 1. World-Class Education: The USA boasts some of the world's most prestigious universities, renowned for their exceptional faculty and rigorous academics. You'll find innovative programs designed to challenge and inspire across diverse disciplines, from engineering and medicine to humanities and business. Many universities prioritize cutting-edge research, offering students the opportunity to learn alongside leading minds in their fields. 2. Globally Recognized Degrees: A US degree is a passport to success. Recognized and respected by employers worldwide, a US education equips you with valuable knowledge and skills that will set you apart in the global job market. Whether you seek a career in India or internationally, a US degree opens doors to exciting opportunities. 3. Flexible Education System: Unlike rigid educational structures, US universities offer a refreshing level of flexibility. The credit system allows you to tailor your studies, choosing courses that align with your interests and career goals. This freedom to explore different fields before specializing allows you to discover your true passion. 4. Diverse and Inclusive Environment: US campuses are a melting pot of cultures, fostering a vibrant and inclusive learning environment. You'll have the opportunity to learn alongside international peers, broadening your perspective and developing valuable intercultural communication skills. This diverse environment prepares you to thrive in an increasingly globalized world. 5. Practical Learning Opportunities: US universities go beyond theory, offering a wealth of practical learning experiences. Internships, co-ops, and hands-on projects allow you to apply your knowledge in real-world settings. This practical experience enhances your resume and makes you a more competitive candidate for future jobs. 6. Cutting-Edge Technology and Resources: US universities are at the forefront of technological innovation. State-of-the-art facilities, advanced research labs, and access to cutting-edge software and equipment provide an unparalleled learning environment. Imagine conducting research in world-class facilities and having access to the latest technological advancements in your field! 7. Development of Life Skills: A US education is more than just academics. Universities cultivate essential life skills, fostering independence, critical thinking, and strong communication abilities. You'll learn to manage your time effectively, collaborate with diverse teams, and express yourself confidently. This holistic approach empowers you to succeed not just in academia, but also in your personal and professional life. 8. Vibrant Campus Life: Step beyond the classroom and immerse yourself in the rich tapestry of campus life. US universities offer a vast array of clubs, organizations, events, and activities catering to every interest. From sports and cultural clubs to student government and academic societies, you'll find opportunities to explore your passions, make lifelong friends, and contribute to a dynamic campus culture. 9. Scholarship and Financial Aid Options: Don't let financial concerns hold you back! Many US universities offer scholarships and financial aid programs specifically for international students. EduFund's expert advisors can help you navigate the financial aid process and explore scholarship opportunities to make your dream of studying in the USA a reality. 10. Post-Graduation Prospects: The Optional Practical Training (OPT) program allows international students to gain valuable work experience in the USA after graduation. This practical experience can strengthen your resume and enhance your career prospects. For some students, OPT can even lead to exciting job opportunities in the US after graduation. Wondering about how to finance your US education? Join our WhatsApp Community to know more! Embrace Your American Dream! Studying in the USA is an investment in your future, offering academic excellence, personal growth, and a chance to build a successful career. At EduFund, we're here to support you every step of the way. Contact our advisors today to explore your options and turn your dream of studying in the USA into a reality!
11 reasons to study in Australia

11 reasons to study in Australia

Australia, the land of incredible opportunities and job scopes is known for its top-class educational facilities. It is an excellent choice for international students who want to study abroad and gain vocational and technical education innovatively and effectively. There are several reasons why children who study in Australia have found the experience academically and emotionally rewarding. Let us go through some of them. Get an education loan for Australia at just 9.85%! https://www.youtube.com/shorts/Ew2MC3RCo68 https://www.youtube.com/shorts/Gs1p_6rVuI8 Important reasons to study in Australia 1. World-class institutions Out of the top 100 global universities, the best-known six, including the University of Sydney and the University of Melbourne, are located in Australia. The world-class institutions offer international standards of education in fields like technology, finance, medicine, accounting, engineering, etc. The technologically-advanced classrooms, impeccable lectures, outstanding training facilities, and extensive support services are a magnet for international students who aspire to study abroad.  2. Teaching and learning process Parents should send their children to study in Australia because of a unique education system that supports innovative teaching and advanced learning programs. The strategies encourage students to become critical thinkers so that they can easily achieve their personal and professional dreams later on.  3. Globally-recognized programs The degree programs offered by Australian universities are authorized by the Australian Qualification Framework (AQF) and accepted by national and international agencies adding high value to the acquired qualification.  4. Affordability Both the college fees and the cost of living in Australia are affordable if someone has planned their finances well. The government also offers different earning opportunities to students that prove an immense help in meeting daily expenses successfully.  Additional read: Fund your child's master's in Ireland 5. Scholarships Lots of students want to study abroad but are unable to do as it is an expensive affair. In Australia, almost 300 million dollars worth of student scholarships are for grabs every year. If your child is one of the lucky ones who has managed to win a scholarship for higher education then they are up for a winning ride.  The Edufund App has a dedicated team of experts who provide support for children’s overseas education. They counsel students and their parents so that it becomes possible to apply for scholarships and make their dreams true.  6. Advanced research opportunities  Australia offers advanced country-based research opportunities to learners who want to boost their careers with help of research and development. Several universities spend a significant budget on R&D to ensure progress in different fields. They also offer fellowships to interested students to undertake research in their area of choice.   7. Easy access to student visas One of the major reasons why students prefer to study in Australia is because of the easy accessibility to a student visa. The process is simple and quick for applicants who have their health insurance and finances in order.  8. Gain work experience and earning opportunities along with studies Students in Australia are allowed to work 40 hours every two weeks or 20 hours every week during the semester and full-time during the semester break. This is a golden opportunity for students who want to gain work experience and earning opportunities along with their studies.  The minimum wage for part-time jobs is 17 dollars per hour and this earning opportunity is a blessing in disguise for students struggling to meet their financial needs.  8. Multi-cultural society Australia boasts of a multicultural society that promotes cultural diversity. This place is a boon for international students with diversified backgrounds who can easily find familiar people within the communities.  9. Safe environment According to the UN’s World Happiness Report, Australia is among the top 10 safe and happy places in the world. The government has a strong infrastructure in place that provides security and safety to all its citizens including domestic and international students all over the country.  10. Student support system The Australian government has an excellent student support system in place that provides help to international students facing any issues. The Federal Department of Education in Australia operates an easy-to-contact helpline that offers help to students with issues related to safety, accommodation, education or work, etc.  11. Numerous employment opportunities The career-focused programs offered by Australian universities offer extensive knowledge in different subjects. The diverse curriculum empowers students with the necessary skills to face challenges in the outside world and gain employment opportunities.  https://www.youtube.com/watch?v=TNVvKy460dQ Conclusion Australia has proved itself as one of the most welcoming education providers in the global arena. International students who study in Australia are attracted because of the interactive learning environment, globally-acclaimed universities, affordable educational programs, and scenic attractions. Moreover, the country is known to open new doors of opportunities that promote personal and professional growth. Consult an expert advisor to get the right plan TALK TO AN EXPERT
4 essential tips on investing in your child's education

4 essential tips on investing in your child's education

Life becomes easier and more manageable with planning. A very important part of a happy and balanced life is managing your finances well. This responsibility becomes manifold if you have a family to provide for. Prioritizing the prior planning of your child’s college education can make your retirement life effortless and stress-free. Put away savings to preserve wealth. Invest money to generate more wealth. At the end of the day, gaining that fine balance between your savings, investments, and spending habits is what will secure a beautiful future for you as well as your family. Here are some pro tips on how to invest and save for your children’s college education. 1. When to start? Timing is everything. The logic is simple - the earlier you start, the more wealth you can generate and accumulate. You may begin as early as the family planning stage itself. Even if you do not have a clear sight of the stream of academics your child might pursue later in life, it does not hurt to put away money. As your child grows up, they might decide upon what line of academics they want depending on their career goals. Your savings will come in handy in reassuring your child that you are perfectly prepared to back them in realizing their dreams as there will already be a considerable amount of funds they can count on. 2. Compartmentalise your savings The habit of saving money regularly is one of the healthiest habits one can inculcate. But mastering the art of saving requires self-regulation and a sense of organization. Putting away a bulk of money indiscriminately is not the most effective way of saving. Keep track of your expenses and your income; device upon an amount you can afford to put away as savings. Make a list of all the things you need to save for - emergencies, education, health, housing, and so on. Divide your savings accordingly. The act of compartmentalizing savings can also be effective in regulating your spending habits. You can also inculcate this healthy habit in your child from an early age by encouraging them to save money from their monthly allowances. 3. Consider different investment options Investing is always an improvement upon saving because investments can generate new wealth. Thus, it is not enough to just put away money as savings; you also need to allocate funds to certain investments that suit your monetary goals. There are different kinds of investment channels you can opt for. Some of us prefer fixed or recurring deposits while others want to generate more returns and go for mutual funds. Mutual funds can be of different types depending on the factors like the amount of risk, duration, return rates, etc. The mode of payment can also vary. For example, you can go for a one-time investment or you can choose monthly SIPs. Be well aware of all kinds of investment plans available so that you can choose the best one for yourself. 4. Invest in a global education Your savings and money made from investments will be especially useful when you send your child abroad to pursue a college education. Even if you are not sure about the possibility of global education in the future, it is always advisable to remain prepared for the same. Simply saving money is not enough. Investing is a better idea and in the case of global education, it can be beneficial to invest in foreign stocks. This is because the value of the Indian currency is forecasted to fall in comparison to other stable currencies in the world. This means that the cost of living and studying abroad will be way higher than the cost of living and studying in a new city within India. Once you set your financial goals, find out about investment schemes with international equity funds from countries like the US, so that you can make money in a more stable currency. Conclusion There can be several investment goals relating to different parts of your life like yourself, your spouse, relatives, housing and accommodation, health, gadgets, and emergencies. Mixing these up will only cause chaos and distress. Hence, it is important to think separately about saving for your children’s college education and indulge in smart investments. Consult an expert advisor to get the right plan TALK TO AN EXPERT
4 Reasons why you should have an EduFund

4 Reasons why you should have an EduFund

Why should you have an education fund dedicated to your child’s college education? Don’t you already have to worry about saving up for your home, your retirement, and any other emergency that may arise? With all these goals it might look daunting to have another fund for education as well. Is it such a big deal? Well yes, It is a very big deal! Here are the top 4 reasons why you need to start saving up for education, as soon as you can, even if your child is just 4 years old! 1. The cost of education will most likely jump (a lot!) education-cost-jump In India, the cost of education is increasing at a rate far higher than the inflation rate. According to a report by the National Sample Survey Office (NSSO) - between 2008 and 2014, the average annual private expenditure for general education (primary level to post graduation and above) shot up by a staggering 175 percent while during the same period, the annual cost of professional and technical education increased by 96 percent. ‍The expenses typically include course fees, books, transportation, coaching, and other related costs. A recent ASSOCHAM survey also reflected this trend -  parents are ending up spending almost 50% of their income on children’s education, today. Studying abroad provides more options to students compared to the highly competitive and increasingly expensive higher education landscape in India. However, getting admitted into a premier institute abroad requires students to shell out nothing less than a crore/per year, just for tuition fees. For e.g. Stanford’s tuition fee for its MBA program is USD 140000/year and which is more than one crore, considering the currency rates that are prevalent now. Even if you factor in an inflation rate of just 10%, it's going to cost double the amount to send your child to college, say 15 years later, than what it costs today. Whichever destination you might choose to send your child to college, the money that you are going to spend, just on tuition fees, will be very high. 2. To avoid dipping into your retirement corpus! retirement-corpus It is more prudent to maintain separate funds for your savings and your child’s education. ‍This is due to the simple reason that no one is going to give you a loan to take care of your expenses post-retirement. While your child may get a loan that will fund his/ her education expenses, you need to make sure that you and your spouse, are not dependent on one post your retirement. Hence, EduFund comes to the rescue! 3. Let your child be debt-free! Education loans are easily available from banks and other financial institutions and are attractive to many students who are not able to afford higher education – especially abroad. But then again, education loans are termed at extremely high-interest rates, not to mention the collaterals attached to them. In this scenario, having an education fund will help. Your child will not start her career with a debt burden hanging over her choice of job. And with the growing uncertainty in jobs due to the current global economic slowdown, there is no job security that assures steady income to pay off an education loan. 4. The Competition is just going to increase! The competition to get into the best colleges, foreign or Indian, has always been high. We all know the importance of studying well to get into the best colleges. But the increasing population and increasing enrolment in higher education have ensured that what was possible to achieve with 80% marks in the year 2000, now requires at least 95% marks. And, there are more people competing for the same number of seats. So, getting into one’s college of choice on merit alone or with a scholarship is going to be much more difficult than it was. In fact, parents are now having to prepare to handle competition even for KG admissions for toddlers. Many of them start planning right at child-birth on which school their child should go to. So, start planning now! When you start early, you have the freedom of choice in college as you don’t have to worry about the cost of college. Having a corpus fund for education to draw from when the time arises is imperative to ensure a good education and a good career for your child. And even if your child’s choice of career changes as time passes, you can adapt and be ready with the funds, when required. FAQs What is EduFund? EduFund is an investment app dedicated to helping Indian parents save, invest and plan for their child's education needs. How can EduFund help you? EduFund can help you invest, save and plan for your child's education needs. It allows you to customize your plan, and invest in tools like mutual funds, US stocks, ETFs, and digital gold to diversify your investments. It sets long-term and short-term goals for parents and children to save up time and help them achieve their goals. EduFund also helps you with education loans and connects you with the best loan partners in India and USA. How can you set up an account with EduFund? You can download the App from Play Store or apple store and set up your account free of cost. All you need is a bank account, an Aadhar, and a pan card to open your account and start investing in mutual funds. Conclusion We live in a world that is marred with competition, whether it's getting into a good college, or choosing the right investment instrument, being prepared for the future equips you to handle things better. The stability of having a corpus and not being dependent on an education loan is a reassuring move for your child to choose his/ her dream college. An EduFund may seem a far-off thing today, but it is a necessity for the future. Plan, invest, and educate! Invest Now!
5 Reasons why Global Education is the Best for Indian Students

5 Reasons why Global Education is the Best for Indian Students

It is universally acknowledged that education is a very powerful weapon. Education can transform an individual and colleges can broaden a child’s horizon. Every child deserves to receive a quality education. There are various reasons why global education is the best for Indian students. ‍From our experiences, we know that when a student receives a world-class education, it helps them become their best version – professionally and personally. Pursuing higher education outside of India seems to be promising in more ways than one. In this blog, we will talk about how studying abroad can affect your life for the better. Let's get started. 5 Reasons why Global Education is the best for Indian Students When you think about it, there are innumerable ways in which a global education can benefit an Indian student. In this article, we will talk about the 5 major ones. Let's get started. 1. Changes Your Life, for Good! International exposure to study at a foreign university and the experience of living in a new country can be life-changing! The combined power of both results in gaining practical knowledge that can help you in life immensely. Living alone in a foreign country can be daunting in the beginning, but it teaches you an immense number of values, and ethics, and not to mention, you become a pro chef! You learn what is not written in the textbooks. Such experiences also shape your personality and groom you as a responsible professional. 2. Holistic And not just Academic Development The Indian education system offers academic rigor. However, there still is room for improvement and development. The cut-offs in premier Indian colleges soar to touch the sky. But whether these colleges provide excellent holistic development is still a big question mark. Regardless of the foreign country you prefer to study in, most global universities focus on not just academics, but also professional qualifications, leadership, and personal development. Foreign programs have gained popularity because the faculty is invested in a student's all-around growth. 3. Opens closed doors Whether it is studying for a master's abroad or a Ph.D. – Foreign universities offer what you commonly don’t find in India. An array of courses across all fields and subjects like - Artificial Intelligence and Data Security or Criminology, and Media Relations. You name it and they have it. As per reports released by the USIEF, in 2019, Indians studying in the U.S. made up 17% of the international student population there. If you want to take the road less traveled or pursue a career in a highly specialized niche, global education opens closed doors. 4. Brighter Career Prospects ‍Indian students who have received good foreign education have an edge over others. You wonder why? Recruiters view international experience as an asset. It is reflective of many things like your skills to compete in a global setting and your ability to adapt to diverse cultures. Global education helps you hone your skills and grow exponentially. ‍After completing their degree, outstanding students can bag an international job as well. 5. Diversity They appreciate unique students. Many top-notch B-schools and other universities seek to promote diversity and inclusion. This means that the admissions team deliberately tries to encourage people from different walks of life to join the classroom. Highly reputed universities welcome meritorious international students. Some even try to strike a balance in their gender ratio thereby including talented girls and giving them an equal chance to fly. As the saying goes- "Sometimes the smallest step in the right direction ends up being the biggest step of your life!" Take the first step towards a brighter future. And, live the life of your dreams! FAQs Why is global learning important for students?   International exposure gained while studying at a foreign university and the experience of living in a new country can be life-changing! The combined power of both results in gaining practical knowledge that can help you immensely in life.  What is the value of global learning?   ‍Indian students who have received good foreign education have the edge over others. You wonder why? Recruiters view the international experience as an asset. It is reflective of many things like your skills to compete in a global setting and your ability to adapt to diverse cultures. International education helps you hone your skills and grow exponentially.  Why foreign education is better than Indian education?   They appreciate unique students. Many top-notch B-schools and other universities seek to promote diversity and inclusion. This means that the admissions team deliberately encourages people from different walks of life to join the classroom. Highly reputed universities welcome deserving international students.    Why do Indians prefer foreign education?   Indian students prefer foreign education because of many factors. Studying at an international university will give students great exposure in terms of meeting people from different cultures and countries. It will also create excellent employment opportunities abroad. Having studied at a foreign university will add value to a student’s resume.   Conclusion These are some of the major reasons why global education molds an individual for the better. In reality, there are many more points that one can consider. Whether it is the quality of education- or the experiences one attains, education abroad is a stepping stone toward untapped opportunities. We know many of us are now thinking, "What about the funds required to study abroad?". Well, saving up for higher education is not as hard as you think.
5 reasons why your child's college education is at stake

5 reasons why your child's college education is at stake

A college education is integral for every child. Not only does it provide your child with a degree and a career, but it also helps them grow as individuals. Yet there are many obstacles to good quality education. Let’s look at 5 reasons why your child’s college education is at stake!  1. Education Inflation  Education has to be the top-most factor when it comes to a child’s college education. Usually, the first thing which comes to our mind when we talk about inflation is the rise in the prices of fruits, fuel, rations, and so on. But education inflation is one domain that tops the chart. Especially after the pandemic, it has been really difficult to keep up with the ever-growing education inflation. Every year, universities hike up their fees in response to the growing prices in different sectors.    According to data generated by the Government of India, it is seen that between the years 2012 and 2020, the inflation in education rose by 10% whereas the food inflation was 9.62%. This data proves that the inflation in education has far surpassed the inflation in other necessities of life. The factors like tuition fees, higher cost of living, improved infrastructure, security, and so on. There are certain hidden costs such as flights, food prices, daily transportation, and accommodation also add up to the overall amount. 2. Lack of Savings  Lack of Savings is one reason why your child’s college education can be at stake. Many Indian parents struggle to save up for college fees and expenses. The way to avoid this hassle is by starting an education fund for their child’s education as early as possible. This helps in improving the potential to counter inflation in education. Your child might want to move abroad for their higher education. In such a case, you would need even more funds. Savings can be done either by going for a savings plan or by investing your money in a potential plan. Parents whose kids are still very young are advised to go for mutual funds. The time horizon can help manage the volatility and crashes that may come up. Also, it can help you gain a good return which will add up to the corpus for your child’s education. source: pixels 3. Lack of Research  A lack of research can lead to poor decisions and consequences. Certain universities are blacklisted and are not accredited by any board or council. The degree that a student gets from this college holds no value. It can prove to be a hurdle in your child’s education and a huge financial burden. Thus, proper research can help you avoid these mistakes and stay from university scams.   Furthermore, you need to ask your child about the course he or she is interested in and pursuing and conduct thorough research on the same. You must look for job opportunities that are offered after the end of that particular course. Avoid going for courses that do not have a properly retained market. 4. Lack of Opportunities  Recognized universities provide you with the opportunity to land a job. It should provide the return on the investment that has been put in. Furthermore, the course that your child selects should have demand in the market. The positions which are in high demand in the market tend to pay you better. If the university is renowned, many companies will conduct their drive for campus placements. Students even opt for off-campus placements if they want to get a specific type of job. 5. Lack of Guidance  Before your child applies to any university, it is important that he or she reads and understands the eligibility requirements of the particular institution. Make sure that your child has the necessary academic performance, extracurricular and entrance requirements to meet admission criteria. Most universities ask for 60% or above as an aggregate to get admission to undergraduate courses. In addition, they also require entrance exam results.    You need to have all the documents prepared beforehand. If your child does not fall in the eligibility category or is unable to produce the required documents, then his or her application might get rejected. Hence, it holds vital importance to take care of these minute details which may cause to be an obstacle.  Plan your child’s education with care to avoid some of the biggest obstacles!   TALK TO AN EXPERT
5 steps to apply for art school admission

5 steps to apply for art school admission

If you are of an artistic bent, becoming a professional artist must have crossed your mind at least once. Art is exciting, certainly more exciting than being buried in spreadsheets in a corporate job. It is through art, and through art only, that we can realise our perfection.” Oscar Wilde But what does art as a profession really entail? What are the things you need to know? What kind of education plan do you need to follow? Is a scholarship enough or do you need an education loan? Also, how do you make money from an art degree anyway? Well, here are some things you can do. 1. Knowing your education & career options Art degrees are not really as monolithic as you may think. They can lead to many different career avenues. As a matter of fact, there are many different kinds of art degrees! You have to figure out which degree is right for you. A Fine Arts degree is quite different from an Applied Arts or Design degree. In addition, there are specialized design degrees like graphic design, fashion designing, web designing, and many more. Fine arts, similarly, has specialized degrees in fields like painting, sculpture, printmaking, and so on. There are also degrees and disciplines that are loosely allied with arts but have different scopes and interests, for example, art history and curation.  Not all artists spend all their time in their studios or make money the same way. Design degrees can get you a well-paying corporate or freelance career. Fine arts degrees can also be lucrative, especially if you plan on teaching. It is important that you determine what kind of art course you want to take to understand the career options that would be available to you. 2. Finding the best fit Once you have determined what kind of degree and career path you want to undertake, you need to find a university or school that would be the best fit for you. Art school is one career path where studying abroad is worth it and makes a lot of sense. This is because universities abroad offer much better infrastructure, networking, and job opportunities, all crucial for any budding artist.  Image from Andrea Piacquadio on Pexels Research universities that are the best fit for you. This involves looking at their location, faculty, infrastructure as well as funding opportunities. Make sure that the university you are choosing is a good fit for the kind of artistic career path you have in mind. Choosing the right university is crucial to your education plan if you want to study abroad. 3. Convincing your parents If your parents are encouraging and supportive of your choice to pursue an art degree, that’s great! You are lucky! In fact, you are part of a lucky minority. Most parents tend to be a little iffy about any non-traditional career paths. If your parents fall into that majority, you may need to sharpen your persuasion skills a little.  Talking to your parents and persuading them is not as difficult as you may think. What you need to do is research and prepare a proper education plan. This plan is to show your parents that you have properly considered the details and intricacies of your decision and are prepared for any issues that might pop up. Image by Rodnae Productions on Pexels If that does not work, you can take the help of an education and guidance counselor. Counseling can help bridge the gap between you and your parents and bring them on the same page as you. Education counseling can also help you smooth out any kinks in your education plan. It can help you come up with comprehensive and pragmatic solutions that will enable you to follow your passions without reaching a career dead end.  You can even look for education counseling online if in-person sessions are not possible. 4. Securing Funding Art school is expensive. Not just tuition costs, but the costs of procuring materials and art supplies for projects and assignments can get pretty high.  You should look into the websites of the colleges you are applying to and talk to the admissions officer about funding opportunities. Look into the kinds of scholarships they have available and that their students and alumni have availed. Research one-time grants or fee waivers that you may be eligible for. You may need to secure an education loan. In that case, you should try to familiarise yourself with them. Find out how to apply for an education loan, the procedure, documents required, interest rates, repayment rules, etc. It could also be helpful to use an education loan calculator to figure out how much you can borrow and how much you would have to repay.  Talk to your parents because they are likely to have investments and savings set aside for your education. Education funding can be stressful but it is a necessary part of higher education planning. 5. Creating A Portfolio Portfolios are important when you are applying to an art school. A portfolio is a collection of your best work that basically acts as your resume. It presents the work you have done and are capable of doing so that admission committees can judge your skills and workmanship. A portfolio should therefore feature your best work but should also be diverse. You want to show people that you can do more than one kind of artwork and have more than one skill set.  You should refer to the websites of the universities you are applying to find out what they are looking for in a portfolio. Talk to admissions officers and current students and alumni of that university. You can also try to go online and look at other people’s portfolios to get an idea of how you should structure your own and what kind of artwork you should include. A portfolio contains artwork that is not just simply pretty to look at but also showcases the versatility of skills. For example, a simple landscape may be pretty to look at but does not really show any exceptional talent, skill or vision. Choose pieces that show your artistry with brushwork or impasto work. Pieces that are unique and show complexity and expertise with different materials or media are perfect for portfolios. What’s Next? Art school is a great place to both satisfy your passion and begin an exciting and promising career. You will be learning not just how to make great art but also how to sell and market that art. You will need to remember that you are not just here to learn artistry but to learn how to make a career out of that artistry. But even more than that, you are in college on an adventure! Remember to have fun on this adventure! FAQs How do I get into art school? There are many art schools across the world. The best way to start is to build a portfolio and check out the requirements for your chosen course. What subjects are needed for art school? You do not need to study any particular course for enrolling at art school. However, having an art subject like drawing, photography, fashion, designing or painting can be helpful. It gives a creative outlook and helps you build your portfolio that is required by most design/art schools in the world. What are the five steps for applying to an art school? Here are the 5 steps for applying to an art school - Knowing your education & career options Finding the best fit Convincing your parents Securing Funding Creating A Portfolio Consult an expert advisor to get the right plan TALK TO AN EXPERT
5 ways to deal with rising college fees for your child!

5 ways to deal with rising college fees for your child!

According to Money Control’s recent statistics, “education inflation in India rose by 10% from 2012-2021” It has disrupted the lives of parents and aspiring children to ensure ease of admission. The data shows that education costs rose above food and healthcare despite the hard-hitting pandemic. "IIT (Indian Institute of Technology)- all units in the country, doubled their fees by Rs. 90000 to Rs 2Lakh for all undergraduate courses in 2021." The worst figures are yet to blow the minds. According to the Economic Times, “parents will have to spend 1.5 crores on the child’s education.” To ensure parents do not struggle to meet the growing costs of raising a child, here are some ways to deal with rising college fees for your child!  https://www.youtube.com/watch?v=VvqzQx8kCpw Ways to deal with rising college fees for your child 1. Invest via SIPs SIPs are ideal if you wish to begin small in the market. In this, you can start by saving ₹5000 every month for ten years at 15% interest (assumed), and you can accumulate up to 7.93 lakhs for your child’s education. A SIP provides long-term gains and consistent savings. Continuously diversify your SIP investments in 2-4 equity-oriented mutual funds with a mix of large and mid-cap investments. Tap into equity-linked saving schemes to save for a child’s college fees and save on tax. The earlier you invest in SIP for a child’s education, you may reap more returns. Start Investing in Mutual Funds 2. Invest in US Stocks You can invest in US stocks from India in 2 ways, that is, Direct investments in stocks and Indirect investments in stocks through Mutual Funds In the case of Direct Investments, you can invest in stocks through an overseas trading account with a domestic broker or by creating an overseas trading account with an overseas broker. In the case of Indirect investments, you can invest in US stocks from India in the form of  Mutual Funds, or ETFs (Exchange Funds Transfer and Investing Applications. As per RBI guidelines under the Liberalized Revenue Scheme (LRS), one can invest up to 1.9 crores or 250000 dollars per year. 3. Invest in PPF (Public Provident Fund) A PPF is a 15-year scheme that helps create a tax-free savings account for your child’s educational expenses. A guardian may withdraw some amount after 6 or 7 years of maturity. If your child wants, he too may contribute towards the fund after maturity. One can extend the account’s validity after maturity. Always remember, that PPF is a debt account. Hence, inflation blows might affect investments. The combined limit for the PPF account is 1.5 lakh per annum. Under Section 80C of the Income Tax Act, a PPF account with 1.5 lakh is eligible for tax benefits. One can leverage the use of interest and maturity amount tax exemptions. 4. Unit Linked Insurance Plan (ULIP)  Insurance companies provide ULIP with the flexibility to cover multiple investments under a single scheme for investors. With one policy, you can choose among high, medium, and low-risk investments. An investor can either choose a fixed sum or an investment premium. Evaluate the risk appetite and invest accordingly in the low, medium-, or high-risk investment options. In an unforeseen situation, investors can withdraw a sum after 5 years. The premiums offered are exempt from tax under section 80C. As per research, “A ULIP fund provides 10% returns on average.” For this, an investor must invest for 10 years in the ULIP funds. It is considered an ideal investment for a long-term child’s educational goals. 5. Fixed Deposit It is one of the safest options to eliminate the college fees blues regardless of inflation. Fixed Deposits provide guaranteed returns on investments. Always analyze the interest rates, yield, and interest compounding frequency from different providers before settling for one. The higher the interest rate you get on FD, the bigger the child education fund corpus. However, FD may not provide 10-15% returns, but it is a volatile-free debt instrument.  The current educational costs may vary significantly from future educational costs. EduFund eliminates the guessing game by providing a tangible view of investments through a trusted college calculator. The experts help design a personalized child education investment plan highlighting the guardian’s current income and future educational costs, hassle-free. FAQs What are some best ways to deal with college fees? While there is no one-size-fits-all solution, a few options can be explored depending on your monthly budget, your choice of college, and the stream your child wishes to pursue. Below are some of the best ways to deal with college fees.  Manage your Budget Creating a budget to manage your finances efficiently goes a long way in setting up a disciplined way of life. It helps in monitoring your spending, prioritizing essential expenses, and cutting down on unnecessary costs, thereby helping you save for your child’s education.  Invest Early Investing early on is a smart move as you get enough time to create a corpus of a substantial amount for your child’s education. This also saves you from borrowing money from relatives and taking on educational loans.  Invest in SIP (Small Investment Plan) Begin by investing small amounts in a smart investment plan. This will help you get comfortable with the idea of investing in education. A flexible investment plan is also a good option that allows you to increase your investment at a later stage.  Invest in US stocks You can invest in US stocks, either through Direct Investments or Indirect Investments.  Direct Investments allow you to invest in stocks through an overseas trading account with a domestic broker or by creating an overseas trading account with an overseas broker.  Through Indirect Investments, you can invest in US stocks from India in the form of Mutual Funds, or ETFs (Exchange Funds Transfer and Investing Applications).  Educational Loans An educational loan is also an option for those seeking to study abroad as well as for those who wish to educate their child in one of the expensive institutions in India. Edufund helps you in calculating your college costs along with living expenses providing you a transparent report of the expenses involved. Based on this, a suitable hassle-free loan option is provided.  Scholarship Programs Most educational institutions provide scholarships to students who excel in academics but are unable to bear the cost of expensive institutions. You can apply for the same after reading all the terms and conditions. The first step should be to avail yourself of a counseling session to deal with all the doubts and queries you may have. EduFund provides this first step in a very transparent and efficient manner. As mentioned above, solutions are provided based on your budget and requirements and you can choose the one that suits you the most. What is the best time to save for college fees? The best time to start investing would be as soon as you plan to have your child, or even earlier if possible. This helps in accumulating a decent amount by the time your child starts college. Having said that, it’s never too late to start investing. Begin your investment journey with right now! What are the 5 ways to save for college fees? Here are the 5 ways to save for college fees: Invest in SIPs (Small Investments Plans) Invest in US Stocks Invest in PPF (Public Provident Fund) Unit Linked Insurance Plan (ULIP) Fixed Deposit Why are college tuition costs rising so fast? There are several common factors which contribute to escalating tuition costs: Administrative costs: Many universities have seen significant growth in staff and expenses and investing in appropriate technology. Infrastructure costs: With growing competition, institutions need to keep adding or upgrading their existing infrastructure and facilities. Additional Services and Facilities: Additional services and facilities such as providing counselors, a robust medical service, and co-curricular activities such as sports, arts, trekking, excursions, etc. require additional manpower driving up costs for parents. Education inflation: Inflation that affects the general public also affects universities and institutions increasing operational costs. It increases the costs of studying and related education expenses. Technological costs: Technological advancement improves the overall education system, but it also drives up costs due to investment in infrastructure and equipment as well as in their usage training. Reduced Government Funding: The government can reduce its funding for several reasons and universities have to face the rising costs. It forces them to increase tuition costs to make up for the shortfall. What are the solutions to rising college tuition costs? Here are 2 solutions to the problem of rising college tuition costs:Invest in mutual funds: Mutual funds are the best way to beat the rising college tuition costs. They offer great returns and are often known to beat inflation. You can start an investment plan for your kid's future when they are in school and invest till they are off to college. Invest in US ETFs: Another way to beat college costs is US ETFs. They are great if you want to send your kid abroad to study. They can beat inflation, and rupee depreciation and they offer great returns in US dollars.
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