Nurturing the Future: A Look into Nursery Schools in India

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!

College can be expensive, especially when you are studying overseas. The education fund investment and planning your parents undertook for you should be enough to cover your tuition and housing. However, a side hustle can help you earn some extra disposable income to offset an overstretched budget. Here are some side hustle ideas for college students across the globe! Easy side hustle ideas for college students A side hustle is basically a part-time job that you can do in your free time when you are not engaged in classes or coursework. You need to pick a job that is easy, requires skills you already possess, and fits into your schedule as a college student. 1. Freelancing Freelancing can be an easy and flexible side hustle for college students. Freelancing involves offering your skills or services for hire on a contract or project-to-project basis. Depending on your skill set you can freelance as an artist, a writer, a programmer or developer, or a translator. Freelancer marketplaces and platforms like Fiverr and Upwork let you take up projects and clients on a flexible schedule which is perfect for students. Additionally, freelance work can be done remotely and you do not need to go to an office. This is great for students who study abroad and may not have a car or a license. 2. Tutoring Tutoring is a great option for you if you like working with kids or teaching. You can offer personalized tutoring services for high school students, especially students who are starting to apply to colleges. These students can benefit from your experience with college applications and admissions. You can offer them both education and mentorship.  If you are studying abroad and worried about not being able to connect with non-Indian students, or if you do not have a car to move around, you can offer to tutor online. Holding online classes saves you time and enables you to offer your services to a much larger potential demographic. 3. Sell hand-made crafts & products If you are creatively inclined and skilled in arts and crafts, you could make some money selling your work online. Products like hand-made candles, soap, decor, and knickknacks sell really well on marketplaces like Etsy and through social media. You can start by starting an Instagram or Facebook page advertising your products to students on your campus. After that, you can expand your little business on other platforms.  Keep in mind that your college may have rules or guidelines in place if you are starting your business from your dorm room. If you are making products like soap, that involve harmful chemicals, you may have to get special permission and take appropriate precautions. 4. Get a retail job Retail jobs are jobs that involve selling products or dealing with customers or inventory in a retail store. These jobs have been traditionally popular with students who go to study abroad. You can work as a sales representative, as a stockist, or as a cashier.  These jobs may seem like they are trivial or unsubstantial, but they teach you a lot of real-world skills that you can later bring to the job market when you graduate. They teach you the basics of sales, inventory, accounting, and customer management. They also give you the experience of working in a real workplace environment with co-workers, managers, and bosses. Retail jobs can be a real learning experience. 5. Get a restaurant job Jobs working in a cafe, restaurant, or coffee shop are also popular with college students who study abroad. In fact, you may not even have to go off-campus for one of these jobs. Usually, cafes and coffee shops on college campuses have barista, wait staff or line-cook jobs available for students.  The benefit of restaurant jobs, especially if you are a server or wait staff is that you can earn money on top of your salary through tips. This makes these jobs quite lucrative. Like retail jobs, restaurant jobs can also teach you valuable skills like customer management, order management, and accounting.  6. Food delivery service If you have a vehicle, like a car or even a bicycle, you may be able to work as a food delivery person. You can work with a restaurant directly or work through a food delivery service application. These jobs can pay well and, just like with writing, you can expect to rely on tips as well which can be lucrative. A downside of food delivery is that it can be time-consuming and involve a bit of travel. However, college campuses house hundreds of students and faculty who tend to order a lot of food. This means you may not even have to travel to far-flung areas to deliver your orders. Your location may be able to offset some of the downsides that are usually typical of food delivery gigs. 7. Library assistant If you are an international student with big study abroad dreams but not enough knowledge of the job market in a foreign country, you may like to work close to campus. Campus libraries are always looking for extra help with reshelving books and managing the lending software.  A library assistant job will keep you close to campus so you do not have to worry about traveling to and fro and missing classes. It can also be extremely rewarding, especially if you are a book lover. Being familiar with your college library will also be useful during exams and assignments. You may even be able to snag important and popular books before someone else issues them out! 8. Get paid for taking online surveys Marketing research companies are constantly looking for data on consumer behavior and preferences to improve their products and advertisements. These companies often pay people to take surveys for them so that they can sell this data to product designing and manufacturing companies and ad agencies. This is a good side hustle that does not even require you to leave your dorm room. You can squeeze in some questionnaires and short surveys in your free time and get paid for them! Conclusion Your parents have, no doubt, given you everything to the best of their ability, investing in education fund trusts and taking on education loans for your future. However, as you grow into adulthood, it is time for you to start learning to take responsibility for your own income. One of the things that make your decision to study abroad truly worth it is the independence and self-sufficiency it teaches you. A part-time job can teach you the hard work it takes to earn real money out in the world. Being on your own in a foreign country is a unique adventure that you should take full advantage of. A side hustle can be part of that adventure! FAQs How can a college student earn a side income? There are many ways for a student to earn a side income while studying. One can start tutoring, blogging, becoming an influencer on social media, getting an internship or a part-time job that aligns with their college schedule, and many more. What are some of the best college student-friendly side hustle ideas? Some of the best side hustle ideas for college students are - affiliate marketing, participating in paid online surveys, blogging, doing paid internships that are relevant to the subjects they're currently studying in college, etc. Is it important for students to have a side hustle? The answer varies from student to student. For some, it's a necessity as their families are unable to fully support them financially. For some, it's a way of transitioning toward financial freedom.

Australia is one of the top destinations for Indian students who wish to study abroad. Its culture, universities, language, and student policies have allowed Indians to settle there and build careers. Fun Fact: In order to study in Australia, students must have $24,505 (₹13 lakhs) in savings to apply for a student visa. This tells us that studying in Australia is not cheap, but by planning, budgeting and finding the most affordable universities in Australia, you can make your dreams a reality. However, the costs of pursuing higher education in Australia can be a major concern and barrier for many students. Fortunately, there are many affordable universities in the country that provide excellent education and a supportive learning environment. https://www.youtube.com/watch?v=MwQWKYxxJ8o https://www.youtube.com/watch?v=AbYbP-HKAd8 Source: EduFund Top 10 Cheapest Universities in Australia 1. University of the Sunshine Coast Located in Queensland, the University of the Sunshine Coast is renowned for its affordable education and commitment to providing high-quality facilities. The university places a strong emphasis on practical learning and industry engagement. They offer a diverse range of undergraduate and postgraduate programs in fields like business, science, education, and health. The annual tuition fee for international students is approximately A$22,000, making it one of the most affordable options available. Moreover, the cost of living in this area is lower than in other Australian cities, further easing the financial burden on students. 2. Charles Sturt University Situated in New South Wales, Charles Sturt University is celebrated for its exceptional teaching and research facilities. With a strong focus on industry-relevant programs and practical learning experiences, the university offers a wide array of undergraduate and postgraduate programs, including business, education, and health-related disciplines. The annual tuition fee for international students is around A$24,000, making it an attractive and affordable choice for higher education. Additionally, the cost of living in this region is relatively low, providing students with a conducive and affordable living environment. Bachelors in Australia Read More 3. Federation University Australia Nestled in Victoria, Federation University Australia stands out as one of the most affordable universities in the country. The university is committed to providing quality education and offers a range of undergraduate and postgraduate programs in various fields, including business, science, education, and health. With an annual tuition fee of approximately A$25,000, international students can pursue their academic goals without breaking the bank. Moreover, the cost of living in this region is relatively affordable, making it an attractive choice for budget-conscious students. 4. Southern Cross University Situated in New South Wales, Southern Cross University is known for its excellent teaching and research facilities. The university prides itself on fostering a supportive and inclusive learning environment for its diverse student population. Offering a range of undergraduate and postgraduate programs in fields such as business, education, and health, the university provides an affordable avenue for international students to pursue higher education. With an annual tuition fee of around A$26,000, students can access quality education without incurring excessive financial burdens. Additionally, the cost of living in this region is relatively low compared to other cities, ensuring students can manage their expenses effectively. How to Finance a Child's Australian Dream? Read More 5. Victoria University Based in Melbourne, Victoria University is recognized as one of the cheapest universities in Australia for international students. The university offers a wide range of undergraduate and postgraduate programs across various disciplines, including business, science, education, and health. With a focus on industry connections and practical learning experiences, Victoria University provides students with valuable skills and knowledge for their future careers. The annual tuition fee for international students is around A$28,000, making it an affordable option. Furthermore, the cost of living in Melbourne, while higher than in some other cities, can be managed with careful budgeting. https://www.youtube.com/watch?v=Ew2MC3RCo68 6. Torrens University Situated in Adelaide, Torrens University is renowned for its excellent teaching and research facilities. The university offers a diverse range of undergraduate and postgraduate programs in fields such as business, education, and health. With a commitment to providing industry-relevant education, Torrens University equips students with the skills and knowledge necessary to thrive in their chosen careers. The annual tuition fee for international students is around A$29,000, making it an affordable option for pursuing higher education in Australia. Additionally, the cost of living in Adelaide is relatively lower than in other cities, allowing students to allocate their resources effectively. 7. Australian Catholic University Located in Sydney, the Australian Catholic University stands out as one of the cheapest universities in Australia for international students. The university offers a range of undergraduate and postgraduate programs across various fields, including business, science, education, and health. With a focus on holistic education and fostering a strong sense of community, the Australian Catholic University provides an enriching learning experience. The annual tuition fee for international students is approximately A$29,000, offering an affordable pathway to higher education. Although the cost of living in Sydney is higher than in some other cities, students can manage their expenses through careful budgeting and availing of available resources. 8. Charles Darwin University Charles Darwin University, situated in Darwin, offers outstanding education and research facilities. The university provides a diverse range of undergraduate and postgraduate programs in numerous fields, including business, education, and health. With a strong emphasis on practical learning and industry engagement, Charles Darwin University prepares students for successful careers in their respective fields. The tuition fee for international students is around A$30,000 per year, and the cost of living in Darwin is relatively lower compared to other Australian cities, allowing students to stretch their budget effectively. 9. James Cook University Situated in Queensland, James Cook University is known for its affordability and commitment to international students. With a strong focus on research and tropical expertise, the university offers a range of undergraduate and postgraduate programs across various fields, including business, science, education, and health. The annual tuition fee for international students is around A$30,000, making it an attractive option for those seeking affordable education. Moreover, the cost of living in this region is notably lower than in other cities, allowing students to manage their finances efficiently. 10. Western Sydney University Located in Sydney, Western Sydney University is recognized for its excellent teaching and research facilities. The university offers a range of undergraduate and postgraduate programs across various fields, including business, education, and health. With a strong emphasis on practical learning and industry connections, Western Sydney University equips students with valuable skills and knowledge for their future careers. The annual tuition fee for international students is around A$31,000, providing an affordable option for higher education. Furthermore, the cost of living in Western Sydney is relatively affordable, allowing students to make the most of their educational journey without compromising their financial stability. While the expenses of higher education in Australia can be a concern for several students, the universities mentioned above are some of the cheapest options in Australia, providing a wide range of programs across various disciplines. Want to save for your child's Australian Dreams? Start Investing! Affordable Universities in Australia for Undergraduate Programs By considering these options, students can choose affordable universities without compromising the quality of their education. Here are some Australian universities known for being easier on the wallet (tuition fees mentioned are yearly estimates in Indian Rupees): University of Southern Queensland (USQ): USQ offers bachelor's degrees starting around ₹3.3 Lakhs and postgraduate programs around ₹3.6 Lakhs. University of the Sunshine Coast: This university boasts bachelor's programs starting at ₹18 Lakhs and Master's programs at around ₹18 Lakhs. Edith Cowan University (ECU): ECU is known for its budget-friendly Master's programs, some starting as low as ₹13.2 Lakhs. Charles Darwin University: Explore the unique landscape of Australia while studying at Charles Darwin, with undergraduate programs starting at ₹19 Lakhs. Charles Sturt University: This university offers a good range of affordable programs, with Bachelor's degrees starting at ₹16.8 Lakhs. Beyond Tuition Fees: The Cost of Living in Australia While tuition fees are a significant factor, remember to factor in living expenses: Accommodation: On-campus housing or shared apartments are budget-friendly options, ranging from ₹30,000 to ₹50,000 per month. Food: Groceries and eating out can vary depending on your preferences. Expect to spend around ₹20,000 to ₹30,000 per month on food. Transport: Public transport can be expensive in major cities. Consider purchasing a student travel pass for concessions. Budget around ₹8,000 to ₹12,000 per month. Visa and Overseas Health Cover (OHC): Factor in the cost of your student visa application (around ₹14,000) and Overseas Health Cover (mandatory for international students - costs vary depending on the provider). Finding the Right Fit While affordability is important, remember to choose a university that aligns with your academic goals and interests. Research programs, faculty expertise, and campus life to ensure a well-rounded educational experience. Planning Makes Perfect! Start researching scholarships and financial aid options well in advance to ease the financial burden. Many universities offer merit-based scholarships and work-study programs for international students. Studying in Australia can be an enriching and life-changing experience. With careful planning and these tips on affordable universities, you can turn your dream into reality! FAQs What are some of the affordable Australian universities for Indian students? University of the Sunshine Coast (A$22,000), Charles Sturt University (A$24,000), Federation University Australia (A$25,000). What's the cost of studying at the University of Sunshine Coast, Australia? The annual tuition fee for international students is approximately A$22,000, making it one of the most affordable options available.

While the cost of education in Singapore can be relatively higher compared to other Asian countries, the government provides tuition fee discounts and subsidies for local and international students. In this article, we will explore some of the most affordable universities in Singapore, along with their programs, fees, and available financial assistance. How Affordable Are Universities in Singapore? While Singaporean universities may not be the most affordable in Asia, the government offers financial aid to international students. These grants enable students to benefit from lower tuition fees than other international students. Additionally, many scholarships are available to support students financially throughout their academic journey. Scholarships in Singapore Read More What is the Cost of Living in Singapore? It is important to note that the cost of living in Singapore can be higher than in other Asian countries. Accommodation expenses typically constitute a significant portion of the budget. For more cost-effective options, students can explore the possibility of securing a place in student residences or seeking affordable rental accommodations. The official currency in Singapore is the Singaporean dollar (SGD), with an exchange rate of approximately 1 SGD = 74 INR. For instance, renting a one-bedroom apartment in Singapore can range from approximately 1,18,700 INR to 2,04,500 INR, depending on the location and size of the unit. Monthly expenses for public transportation can amount to around 8,100 INR. Depending on personal preferences, groceries can cost approximately 15,000 to 18,750 INR monthly. Eating out can vary in cost, with some local restaurants and street markets offering meals for less than 750 INR. At the same time, higher-end establishments may charge more due to Singapore's popularity as a tourist destination. Top Value German Universities Read More Cheapest Universities in Singapore 1. National University of Singapore (NUS) Tuition Fee Range: 4,00,000 INR to 9,00,000 INR per year (varies by course and program) The National University of Singapore (NUS) is Singapore's oldest and largest higher education institution. It offers various programs across disciplines and consistently ranks among the top universities globally. NUS is known for its academic excellence and is divided into 17 schools and faculties, including business, medicine, arts and social sciences, and engineering. The university also collaborates with prestigious international institutions to provide exceptional learning opportunities. 2. Nanyang Technological University (NTU) Tuition Fee Range: 3,50,000 INR to 7,50,000 INR per year (varies by course and program) Established in 1981, Nanyang Technological University (NTU) is the second-largest university in Singapore. It offers a wide range of humanities, arts, social sciences, business, science, and engineering programs. NTU is known for its research and innovation and consistently ranks among the top universities globally. 3. Singapore Management University (SMU) Tuition Fee Range: 6,50,000 INR to 12,50,000 INR per year (varies by course and program) Singapore Management University (SMU) was established in 2000 and specialized in business and social sciences. It offers undergraduate and graduate programs across various disciplines. SMU emphasizes employability and provides internship programs in collaboration with companies to enhance students' practical skills and work experience. 4. Singapore University of Technology and Design (SUTD) Tuition Fee Range: 8,00,000 INR to 14,00,000 INR per year (varies by course and program) The Singapore University of Technology and Design (SUTD) was established in 2009 and focused on design, humanities, arts, social sciences, data science, and artificial intelligence. It is a specialized institution with a commitment to innovation and collaboration. SUTD offers programs that differ from those offered by universities in the United States, such as partnerships with prestigious institutions like MIT and Duke University. 5. Singapore University of Social Sciences (SUSS) Tuition Fee Range: 10,50,000 INR to 17,50,000 INR per year (varies by course and program) The Singapore University of Social Sciences (SUSS) was established in 2005 and offers various flexible part-time programs. SUSS specializes in humanities and behavioral sciences, science and technology, law, business, and human development. It prioritizes partnerships with polytechnics and overseas universities to provide accelerated pathways and diverse learning opportunities. While education costs in Singapore may be relatively higher compared to some Asian countries, the government's provision of tuition fee discounts and subsidies for international students makes pursuing education in Singapore an attractive option. The National University of Singapore, Nanyang Technological University, Singapore Management University, Singapore University of Technology and Design, and Singapore University of Social Sciences offer excellent programs at affordable rates. By taking advantage of available scholarships and financial assistance, students can navigate the cost of living in Singapore and access world-class education in a dynamic and vibrant environment. Talk To An Expert

The Indian Institutes of Technology (IITs) stand as highly sought-after engineering institutions among students. Their global reputation as some of the finest engineering schools is attributed to several factors. Renowned for their challenging academic programs, robust research capabilities, and exceptional faculty, IITs have consistently produced top-tier engineers who embark on successful careers in both industry and academia.  IITs excel in providing unparalleled expertise and securing placements with leading multinational corporations worldwide. Graduates from IITs often find themselves on lucrative career paths.  To qualify for the IIT JEE Advanced exam, candidates must first clear the JEE Mains. Successful performance in JEE Advanced opens the door to admission to IITs. Prospective IIT students frequently express curiosity about the fee structures of these institutions. This article aims to shed light on the fee structures at various IITs across India.  Overview of IIT Fee Structure  The cost of the complete program at IITs generally ranges between Rs 8-10 lakh for students in the general category. In the last six years, there has been a substantial increase in the yearly fees for general category students pursuing a BTech degree at IITs, escalating from Rs 50,000 annually to Rs 3 lakh.  Average Fee Ranger Across IITs  The average fee range for BTech programs varies across different Indian Institutes of Technology (IITs). Generally, for students in the general category, the fees for the entire BTech course typically fall within the range of Rs 8-10 lakh. It's worth noting that specific fee structures may differ among individual IITs, and prospective students are encouraged to refer to the respective institutes' official websites or contact them directly for precise and up-to-date information on fees for BTech programs.  Look at the average fee structure of a few IITs:  Indian Institute of Technology, Madras: Rs.8,25,000  Indian Institute of Technology, Delhi: Rs. 9,00,000  Indian Institute of Technology, Bombay: Rs. 9,67,000  Indian Institute of Technology, Kanpur: Rs. 8,68,000  Indian Institute of Technology, Kharagpur: Rs. 9,50,000  Hostel and Accommodation Costs  The costs associated with hostel accommodation at IITs can vary, and it's essential to consider several factors. Generally, the hostel fees cover accommodation, basic amenities, and certain services. However, specific details might differ between IITs. Here is a broad overview:  1. Accommodation Fees:  Hostel fees typically include the cost of lodging. This covers the room provided to the student for the academic year.  2. Mess Charges:  Many IITs have a mess or canteen facility within the hostel premises. The mess charges cover the cost of food provided to the students. These charges can vary based on the menu, quality of food, and additional services.  3. Utilities and Maintenance:  Some IITs include utility charges, such as electricity, water, and maintenance, within the hostel fees. This ensures that students have access to basic amenities without additional costs.  4. Security Deposit:  IITs may require students to pay a security deposit at the beginning of their stay in the hostel. This deposit is usually refundable at the end of the academic year, contingent upon adherence to hostel rules and regulations.  5. Other Amenities:  Depending on the IIT, there might be additional amenities or services provided in the hostel, such as Wi-Fi, laundry, and recreational facilities. These could contribute to the overall cost.  It's crucial for students to check the specific details and breakdown of hostel fees at the respective IIT they are interested in. Fee structures can be subject to change, so it's recommended to refer to the official IIT website or contact the institute directly for the most accurate and up-to-date information.  Detailed Fee Breakdown by IIT:   College BTech fee per Semester  Hostel fee per semester  Total fee for general OBC candidates Total fee for SC/ST/PH candidates IIT Bombay Rs. 1,19,750 Rs. 13,000 Rs. 9,50,000 Rs. 1,36,000 IIT Bhubaneswar Rs. 1,07,800 Rs. 19,300 Rs. 10,00,000 Rs. 2,17,000 IIT Hyderabad Rs. 1.19,000 Rs. 28,000 Rs. 9,00,000 Rs. 2.99,000 IIT Kanpur Rs. 1,12,142 Rs. 12,175 Rs.8,50,000 Rs. 1,84,536 IIT Madras Rs. 1,12,633 Rs. 23,750 Rs.8,00,000 Rs. 3,00,000  Understanding the Components of IIT Fee Structure  The fee structure at Indian Institutes of Technology (IITs) typically consists of various components that contribute to the overall cost of education and campus facilities. While specific details may vary among IITs, here are common components found in the fee structure:  1. Tuition Fees:  This is the core component covering the academic expenses, including the cost of faculty, infrastructure, and educational resources.  2. Hostel Fees:  Charges for accommodation in the hostel, including room rent, maintenance, and utilities like water and electricity.  3. Mess Charges:  Costs associated with the hostel mess or canteen facility, covering food expenses for the students.  4. Security Deposit:  A refundable deposit paid at the beginning of the academic year, usually returned at the end, subject to adherence to hostel rules and regulations.  5. Other Amenities Fees:  Charges for additional facilities and services provided by the institute, such as Wi-Fi, laundry, recreational facilities, and other campus amenities.  6. Examination Fees:  Fees related to the conduct of examinations, including the cost of exam papers, evaluation, and administrative processes.  7. Library Fees:  Charges for access to the institute's library, covering the cost of books, journals, and other academic resources.  8. Medical Insurance:  Some IITs include health insurance fees to provide medical coverage for students during their time on campus.  9. Gymkhana Fees:  Fees associated with the student activity center, which may include sports facilities, clubs, and cultural events.  10. Development Fees:  Contributions towards the development and maintenance of the institute's infrastructure and facilities.  It's important to note that fee structures can change, and there may be variations among different IITs. Additionally, certain categories of students, such as those from economically disadvantaged backgrounds, may be eligible for fee waivers or scholarships. Prospective students should refer to the official website of the specific IIT they are interested in for the most accurate and up-to-date information on the fee structure.  Tuition Fee and Other Academic Charges  Tuition fees and other academic charges constitute a significant portion of the overall cost of education at Indian Institutes of Technology (IITs). Here's an overview of these components:  1. Tuition Fees:  The primary component of academic charges is the tuition fee. This fee covers the cost of academic instruction, faculty salaries, infrastructure, and other educational resources. Tuition fees can vary for different programs and may be different for Indian and international students. They are typically charged on a per-semester or per-year basis.  2. Examination Fees:  These fees cover the costs associated with conducting examinations. This includes the preparation, printing, and distribution of examination papers, as well as the expenses related to evaluation, result processing, and administrative tasks.  3. Library Fees:  Charges associated with access to the institute's library. This fee supports the acquisition of books, journals, and electronic resources, and the maintenance of library facilities.  4. Laboratory Fees:  Some technical and science-based programs may have laboratory fees to cover the costs of maintaining and equipping laboratories with necessary instruments and materials.  5. Project Work Fees:  For certain programs, particularly those involving extensive project work, students may incur additional charges related to project materials, mentorship, and project evaluation.  6. Academic Deposits:  Refundable deposits may be collected to ensure the proper use of academic resources, such as laboratory equipment, library books, or other materials. These deposits are typically returned to students upon completion of their program.  It's crucial for students to carefully review the fee structure provided by the specific IIT they are interested in, as the details can vary between institutes and academic programs. Additionally, some IITs may offer financial aid, scholarships, or fee waivers to deserving students, so it's advisable to inquire about such opportunities during the admission process. For the most accurate and up-to-date information, students should refer to the official website of the respective IIT or contact the institute directly.  Additional Fees for Specific Courses  The fee structure for specialized BTech courses at Indian Institutes of Technology (IITs) can vary, and additional fees may be associated with certain specialized programs. The specifics of additional fees depend on the nature of the course and the resources required. Here are some potential examples:  1. Field-Specific Materials/Equipment Fee:  Specialized BTech courses, especially those in fields such as robotics, nanotechnology, or aerospace engineering, may have an additional fee to cover the cost of materials or equipment specific to that field.  2. Software and Technology Fee:  Programs that heavily rely on specific software tools or advanced technologies may impose an additional fee to cover the licensing or maintenance costs associated with these tools.  3. Industry Internship Fees:  If a course includes a mandatory industry internship or practical training component, there might be an additional fee to facilitate and support students during their internships.  4. Study Abroad Program Fees:  Some IITs offer BTech courses that include study abroad programs or collaborations with international universities. Students participating in such programs may incur additional fees related to travel, accommodation, or program-specific costs.  5. Special Workshops or Seminars Fee:  Certain specialized courses may involve hosting special workshops, seminars, or guest lectures by industry experts. An additional fee may be charged to cover the expenses associated with organizing these events.  6. Field Trips and Excursions Fee:  Programs that involve field trips, excursions, or industry visits may require an extra fee to cover transportation, accommodation, and other related costs.  It's important for students interested in specialized BTech courses to carefully review the detailed fee structure provided by the respective IIT offering the program. The institute's official website and admission office are valuable sources for accurate and up-to-date information regarding the specific fees associated with specialized courses. Additionally, students may inquire about any available scholarships or financial aid options that could help offset these costs. Fee Waivers and Financial Support  Indian Institutes of Technology (IITs) often provide fee waivers and financial support options to ensure that deserving students have access to quality education. While the specifics can vary among institutes, here are common avenues for fee waivers and financial assistance:  1. Merit-Based Scholarships:  IITs may offer merit-based scholarships to students who demonstrate exceptional academic performance. These scholarships can cover a portion or the entirety of tuition fees.  2. Economically Weaker Section (EWS) Quota:  Some IITs allocate a percentage of seats for students from economically weaker sections. These students may be eligible for fee waivers or reduced fees.  3. Freeships:  Freeships are grants or scholarships that cover tuition fees. They are often awarded based on financial need and academic merit.  4. Teaching Assistantships (TA):  Postgraduate students, and in some cases, exceptionally qualified undergraduate students, may have the opportunity to work as teaching assistants. In exchange, they may receive fee waivers or stipends.  5. Research Assistantships (RA):  Students involved in research projects may receive financial support through research assistantships, which can include fee waivers and stipends.  6. National Scholarships:  Students may be eligible for national-level scholarships, such as those provided by government agencies, foundations, or corporate entities. These scholarships can contribute to covering educational expenses.  7. Government Schemes:  Various government schemes aim to provide financial assistance to students pursuing higher education. IITs may facilitate the application process for these schemes.  8. Special Assistance for SC/ST Students:  Scheduled Caste (SC) and Scheduled Tribe (ST) students may receive special assistance, including fee waivers and additional support, to promote inclusivity and diversity.  9. Financial Aid for Persons with Disabilities:  IITs often have provisions for financial aid and support services for students with disabilities, including fee waivers or assistance in accessing necessary accommodations.  It's essential for students to check the specific fee waiver and financial support policies of the IIT they are interested in. The institute's official website, admission office, or financial aid office are valuable resources for detailed information and application procedures. Students are encouraged to explore these options during the admission process and inquire about any available assistance that aligns with their circumstances.  Economic Assistance for Meritorious Students  Indian Institutes of Technology (IITs) often have financial aid options in place to support economically backward or financially disadvantaged students. Here are some common financial aid options for meritorious students with economic constraints:  1. Fee Waivers:  IITs may offer partial or full fee waivers for economically backward students. This can include tuition fees, hostel fees, and other academic charges.  2. Merit-Based Scholarships:  Meritorious students with limited financial means may be eligible for merit-based scholarships. These scholarships can be awarded based on academic excellence and may cover a significant portion of educational expenses.  3. Economically Weaker Section (EWS) Quota:  Some IITs reserve a percentage of seats for students from economically weaker sections. Students admitted under this quota may receive fee concessions or additional financial assistance.  4. Freeships:  Freeships are financial grants provided to students based on both academic merit and financial need. They can cover various educational expenses, including tuition fees.  5. Financial Aid from Government Schemes:  Students from economically backward backgrounds may be eligible for financial aid through government scholarship schemes. IITs often collaborate with government initiatives to facilitate the disbursement of financial assistance.  6. Educational Loans:  IITs may assist students in securing educational loans from financial institutions. These loans can help cover tuition fees, hostel charges, and other educational expenses. Some institutions might also have special arrangements for low-interest or collateral-free loans.  7. Work-Study Programs:  In certain cases, economically disadvantaged students may have the opportunity to participate in work-study programs. These programs allow students to work part-time on campus, helping them earn a stipend to support their educational expenses.  8. National Scholarships:  Students can explore national-level scholarships provided by government bodies, private organizations, or corporations. These scholarships may offer financial support to economically backward students pursuing higher education.  9. Special Assistance for SC/ST and OBC Students:  Scheduled Caste (SC), Scheduled Tribe (ST), and Other Backward Class (OBC) students may have access to special assistance programs, including fee waivers and additional financial support.  10. Emergency Financial Aid:  IITs may have provisions for emergency financial aid to assist students facing sudden financial crises. This could include unexpected medical expenses or other urgent needs.  Prospective students are encouraged to check the specific financial aid policies of the IIT they are interested in and inquire about the application procedures. The institute's official website, admission office, or financial aid office can provide detailed information on available options and support services for economically backward students.  Planning Your Finances for BTech  Financial planning is crucial for prospective IIT BTech students to ensure a smooth and sustainable journey through their academic years. Here are some key pieces of advice:  1. Research and Understand Costs:  Thoroughly research and understand the complete cost of education, including tuition fees, hostel charges, mess fees, and other miscellaneous expenses. Consider any potential fee increases over the course of your program.  2. Explore Financial Aid Options:  Investigate the various financial aid options available, such as scholarships, fee waivers, and government schemes. Check the specific eligibility criteria and application processes for each option.  3. Budget Wisely:  Create a realistic budget that covers all aspects of your student life, including accommodation, food, study materials, transportation, and personal expenses. Stick to your budget to manage your finances effectively.  4. Consider Educational Loans:  If needed, explore educational loan options from reputable financial institutions. Compare interest rates, repayment terms, and other conditions before choosing a loan.  5. Participate in Work-Study Programs:  Some IITs offer work-study programs that allow students to work part-time on campus. This can help you earn a stipend to cover some of your expenses while gaining valuable work experience.  6. Save and Invest:  If possible, start saving for your education early. Explore investment options that align with your risk tolerance and financial goals. Consult with a financial advisor if needed.  7. Emergency Fund:  Establish an emergency fund to cover unexpected expenses. Having a financial safety net can provide peace of mind and prevent financial stress in times of need.  8. Plan for Internships and Placements:  Consider the potential earnings from internships and placements. Participating in these programs not only provides valuable industry experience but also helps you financially.  9. Minimize Unnecessary Expenses:  Be mindful of your spending habits and avoid unnecessary expenses. Cut down on non-essential items and prioritize your needs over wants.  10. Seek Guidance:  If you're unsure about financial matters, seek guidance from financial advisors or counselors. Many educational institutions have support services to assist students with financial planning.  11. Explore Campus Resources:  Take advantage of resources provided by the campus, such as libraries, labs, and recreational facilities. This can help reduce personal expenses on study materials and entertainment.  12. Network and Explore Opportunities:  Build a strong network with peers, seniors, and faculty. This network can be valuable for accessing information about scholarships, part-time opportunities, and other financial support.  Remember, effective financial planning involves a combination of careful budgeting, resource exploration, and proactive decision-making. Being well-informed and making informed choices will contribute to a financially sustainable experience during your BTech program at IIT.  Estimating Total Costs Over Four Years  Estimating the total cost of a BTech program at an Indian Institute of Technology (IIT) over four years involves considering various expenses. While specific costs can vary between IITs, here's a general breakdown to help students estimate their total expenses:  1. Tuition Fees:  Check the annual tuition fees for your specific BTech program. Multiply this by the number of years in your program (usually four years).  2. Hostel Fees:  Include the yearly hostel charges, considering whether the fees cover both accommodation and food (mess charges). Multiply this by four for the total hostel costs.  3. Other Academic Charges:  Account for examination fees, library fees, laboratory fees, and any other academic-related charges. Multiply the annual total by four.  4. Miscellaneous Expenses:  Factor in miscellaneous expenses, such as study materials, personal expenses, travel, and unforeseen costs. This can vary widely, so estimate a reasonable amount for each year.  5. Health Insurance:  If health insurance is not included in the fees, consider obtaining a health insurance policy. Multiply the annual premium by four.  6. Internship and Placement Expenses:  Consider any costs associated with internships, placements, or travel for these opportunities. This will depend on the program and industry, so estimate based on potential requirements.  7. Emergency Fund:  Allocate a small amount for an emergency fund each year to cover unexpected expenses.  8. Inflation and Fee Increases:  Consider potential fee increases or inflation over the four years. Some IITs may have a standard percentage increase each year.  9. Financial Aid and Scholarships:  Deduct any potential financial aid, scholarships, or fee waivers from the total estimated cost.  10. Part-Time Work Income:  If you plan to work part-time during your studies, estimate potential earnings and deduct this from the total cost.  11. Savings and Investments:  If you have savings or investments, consider how these can contribute to covering your expenses during the four years.  12. Budget for Graduation and Convocation:  Include costs associated with graduation ceremonies and convocations.  Summing up all these components will give you an estimate of the total cost for your BTech program over four years. Keep in mind that this is a rough estimate, and actual expenses can vary based on personal choices and circumstances. It's advisable to revisit and adjust your budget regularly, taking into account any changes in fees, living arrangements, or financial circumstances.  Scholarship Opportunities and How to Apply  Indian Institutes of Technology (IITs) offer various scholarship opportunities to support students in pursuing their BTech programs. The specific scholarships and application processes may vary among IITs, so it's crucial to check the details on the official website of the respective institute. Here's a general guide on scholarship opportunities and how to apply:  1. Institute-Specific Scholarships:  IITs typically have their own scholarship programs. These scholarships may be merit-based, need-based, or a combination of both. Explore the official website of the particular IIT you are interested in to find information about scholarships they offer.  2. National Scholarships:  Several national-level scholarships are available for engineering students. These may be provided by government agencies, non-profit organizations, and corporate entities. Some well-known national scholarships include:  Central Sector Scholarship Scheme (CSSS): Offered by the Ministry of Education, Government of India, for meritorious students.  National Talent Search Examination (NTSE): Conducted by the National Council of Educational Research and Training (NCERT), this scholarship is awarded to students based on a national-level examination.  3. State Government Scholarships:  State governments in India often offer scholarships to support students pursuing higher education. Check with the education department of your respective state for available scholarship programs.  4. Special Scholarships for SC/ST and OBC Students:  Special scholarship schemes are often available for students belonging to Scheduled Castes (SC), Scheduled Tribes (ST), and Other Backward Classes (OBC). These are designed to promote inclusivity and provide financial assistance.  5. Industry-Sponsored Scholarships:  Some IITs collaborate with industries to provide sponsored scholarships. These scholarships may come with certain conditions, such as internship commitments or work placements with the sponsoring organization.  6. Application Process:  Review the eligibility criteria and application procedures for each scholarship. Some scholarships may require a separate application, while others may automatically consider all eligible students based on merit or financial need.  7. Submission of Documents:  Prepare and submit all necessary documents, including academic transcripts, proof of income, and any other documents specified in the scholarship application guidelines.  8. Online Portals:  Many scholarship applications are now submitted through online portals. Familiarize yourself with the application platform and ensure that you submit all required information within the specified deadlines.  9. Regularly Check for Updates:  Stay informed about scholarship opportunities by regularly checking the official website of the IIT and other relevant scholarship providers. Updates on new scholarships or changes in application processes are often posted online.  10. Financial Aid Office:  If you have questions or need assistance, contact the financial aid office of the IIT. They can provide guidance on available scholarships, eligibility criteria, and the application process.  Remember to start the scholarship application process well in advance to ensure that you meet all deadlines and requirements. Thoroughly read the guidelines provided by each scholarship program and seek assistance from the relevant authorities if needed. 

Parents who genuinely want to ensure that their kids receive the best are going above and beyond and spending a sizable sum of money on their children's upbringing.  Young children have many options, particularly in large cities like Bangalore, Pune, Delhi, etc. Expensive foreign schools, premier engineering universities, luxury dance academies, and a large variety of extracurricular activities are all options.  Any prospective student and their parents should start saving money now. Even if your child starts college in a few months, it's always possible to start saving, mainly since the first few months may be the most expensive. Cost of Universities  Parents' spending on their children's university education includes various costs, from tuition fees and accommodation to laptops and textbooks. The tuition fee is only one part of the expense. The travel cost is relatively high if the child is abroad and wants to visit home at least twice a year. Not considering the living expenses is one of the most common mistakes people make while planning their child's education. Eating out and takeaways make for the biggest spend. Educational tech purchases like laptops make for a large chunk of the total expense. However, globally, students spend most on paying credit card bills, personal loans, and student debt. 1. Indian universities Universities in India are highly competitive and provide quality education and co-curricular activities. Government universities and private ones, have a lot of scopes and offer great placements. Engineering, commerce, and medicine are a few fields that are given maximum value due to their sought-after departments in most Indian universities. Indian parents roughly contribute about ₹10 lakhs towards their child's higher education in India. The overall expenditure is about ₹20 lakhs for the university program, including living expenses, bills, and lifestyle costs. There are, of course, scholarships available, but they depend on many factors, including merit and availability. 2. American universities The charm of the United States will never fade. The United States of America is desirable for students and citizens everywhere. Hundreds of American colleges and universities have made it onto lists of the most outstanding universities in the world, proving that they are of the highest caliber.  The estimated cost of living is ₹80 lakhs or roughly ₹20 lakhs per year to cover living expenditures. For the full degree, the cost of undergraduate studies can be between ₹90 lakhs to ₹1 crore. Scholarships for education in the USA are available, which can lessen the financial load. Institutions in the United States provide need-based and merit-based scholarships. Enrolling at public or state-funded universities in the USA is another way to ensure affordable education. Compared to private universities, these are less expensive. 3. Canadian universities Canada is steadily rising in popularity as a top choice for students looking to study abroad. Students from across the world view Canada as an affordable and secure location for education because of its multicultural culture and inviting atmosphere.  For Indian students, the cost of studying in Canada can range from ₹50 to 60 lakhs for living expenditures and ₹80 to 90 lakhs for undergraduate programs. These significant expenses include many small expenses like study materials, clothes, travel expenses, etc., given that your child does not follow a luxury lifestyle. 4. UK universities In the UK, there are many top-notch institutes of higher learning. It is a well-liked location for higher education abroad because of its policies regarding post-study work visas, as well as the financial aid and scholarships provided to international students.  The cost of living varies depending on where you live and the kind of housing you choose. You might spend less on other needs in the UK if you plan to stay with a family. Most of your daily costs will be covered by a homestay, which can help you budget for the price of studying abroad. For the length of the program, the average cost of living in the UK can be between ₹30 lakhs. and ₹35 lakhs. Additionally, undergraduate courses would cost between ₹75 - ₹85 lakhs. 5. Australian universities Australia has been and always will be one of the top choices for students worldwide seeking higher education. The nation is renowned for its top-notch educational institutions, especially the Group of Eight. Another element luring individuals to this nation is the standard of living there.  For the duration of the program, living expenses in Australia can be in the range of ₹50 – ₹60 lakhs. You should budget an average of ₹80 – ₹90 lakhs for the cost of an undergraduate program. It's tougher to get into an Australian University as they require higher merit, and there are fewer scholarships available due to the same. Conclusion  University tuition is typically expensive. When budgeting for your child's education, be practical and factor in all expenses. Today's students tend to spend more on lifestyle costs, so talk to your kids about this to help them make better financial decisions. Help them find ways to save money, and encourage them to use apps and calculators for budgeting.  Also, make early preparations to ensure that your child attends the university of their preference without putting you under a financial burden. FAQs How much do universities cost in India? Studying in India will cost anywhere between INR 30,000 to INR 350,000 ($5,000) per academic year. The tuition cost is determined by a host of factors like course fees, type of institution (private or public), candidate's financial background, and nationality of the candidate. What is the average budget of a student? The budget of any student depends on their course, country, and college. Course fees are the biggest expense for a student, followed by the country's living expenses and finally the college's lifestyle and extra expenses and annual costs. In India, it can range between 20,000 to 2 lakh for college students based on their lifestyle and expenses. Are any universities free? Yes, there are many universities in countries like India, Taiwan, Mexico, Denmark, Finland, Iceland, Norway, and Sweden all offer opportunities to study free or at low cost. However, it depends on the university and the course you opt for. How much do universities cost in the UK? The average tuition fee in the UK can be between ₹30 lakhs- 35 lakhs per annum for international students. International students are charged a higher fee than national students in the UK. TALK TO AN EXPERT

Introduction When it comes to pursuing a quality education while soaking in the lively city life of India, two prominent options that often stand out are Bangalore and Mumbai. Yet, amidst the excitement of embarking on your academic journey, there's a crucial factor that deserves your attention: the affordability of living in these urban centers. In this detailed comparison, we'll delve into the intricate web of living costs in Bangalore and Mumbai, empowering you to make a well-informed decision that resonates with your financial capacity and personal aspirations. 1. Understanding the Cost of Living In order to unravel the question of affordability in these cities, we are required to observe and go through multiple aspects that come into play. These elements encompass various aspects such as housing expenses, electricity bills, recreation expenditures, grocery outlays, and the relative purchasing power of money. By closely examining these dimensions, we can decipher the intricacies of life in Bangalore versus Mumbai and make a more insightful comparison. 2. Accommodation: The Quest for a Suitable Abode One of the most significant monetary outlays for students revolves around securing suitable accommodation. While both Bangalore and Mumbai offer a wide variety of residential options at different price points, Mumbai tends to take the lead in terms of rental costs. This implies that if you are opting for Mumbai, a more substantial portion of your budget might need to be allocated to housing. However, it's noteworthy that the property purchasing prices in Bangalore might lean towards the higher end in comparison to Mumbai, a factor that might influence long-term investment thoughts. Expensive Schools in Banglore Read More 3. Energy Bills: Navigating the Terrain of Electricity Costs The sphere of electricity bills often exhibits significant disparities across cities, and Mumbai emerges as a city with comparably higher electricity expenses. The high cost of electricity in Mumbai could potentially contribute to an overall uptick in living expenses for students. In contrast, Bangalore steps forth as a potential economic refuge, as it offers relatively lower electricity bills. This unique feature positions Bangalore as a potentially more economically viable choice, especially for those who are seeking a budget-conscious academic journey. 4. Entertainment: Immersing in Cultural Offerings and Their Financial Implications Mumbai's reputation for its dynamic nightlife and vibrant cultural scene adds an enriching layer to the student experience. However, it's imperative to weigh this against the potential for escalated entertainment costs. On the flip side, Bangalore, renowned for its thriving music, arts, and technology ecosystems, mirrors Mumbai's vibrancy, yet with a potentially softer hit on your wallet. This renders Bangalore an attractive option for those inclined towards a more financially prudent approach to embracing cultural and recreational activities. Expensive Schools in Mumbai Read More 5. Groceries: Navigating the Terrain of Grocery Expenses The significance of budgeting for groceries cannot be overstated, especially in a student's life. This is where Bangalore asserts its edge, with grocery expenses tipping the scale slightly lower compared to Mumbai. The marginally lower grocery costs in Bangalore could translate into tangible monthly savings, thereby rendering it a desirable destination for students aspiring to manage their financial resources judiciously. 6. Purchasing Power: Maximising the Value of Your Money The concept of purchasing power essentially gauges the capacity of money to procure goods and services. In this domain, Bangalore emerges triumphant, boasting notably higher purchasing power in comparison to Mumbai. This implies that the same amount of money possesses enhanced potential in Bangalore to secure a wider array of commodities and experiences. The superior purchasing power aligns Bangalore as a city where students can potentially relish a comparatively elevated standard of living without stretching their financial constraints. Conclusion: Navigating the Crossroads In essence, both Bangalore and Mumbai hold a distinct allure for students, underpinned by their unique offerings. However, the cost of living bears immense weight in shaping the final decision. While Mumbai lays claim to higher accommodation expenses, electricity bills, and conceivable entertainment disbursements, Bangalore adeptly counterbalances these factors with lower grocery costs and augmented purchasing power. Nevertheless, the ultimate choice between these two urban hubs hinges upon personal predilections, lifestyle proclivities, and financial realities. Considerations such as your chosen academic path, the depth of cultural immersion desired, and the viable budget envelope warrant meticulous thought. Embarking on your educational voyage in either Bangalore or Mumbai is poised to be transformative, and an astute analysis of living costs arms you with the discernment to extract the maximum value from your student experience. Prioritize prudent financial planning, explore the gamut of accommodation alternatives, and seamlessly integrate into the myriad offerings of either metropolis. Both Bangalore and Mumbai stand as repositories of distinctive experiences, and your student tenure is destined to be colored by these unique facets. Armed with a comprehensive understanding of living expenses, you stand poised to embark on a thrilling sojourn across the urban landscapes of India. Talk To An Expert

Education loans are a tremendous option if you don’t have enough funds to fuel your child’s dream. If you have the ability to pay your tuition and other expenses in installments, education loans may be a good fit for you. Let’s look at the list of expenses covered under education loans. Does an education loan cover living expenses? The simple answer is Yes! The amount of living expenditure coverage provided by banks varies from one bank to the next. Food, rent, everyday expenses, and other living costs are all included in the extremely broad area of living expenses. The manner expenditures are paid for by the loans is not consistent. While some banks may have a different system for determining the cost of living assessment, others may impose a cap on the monthly costs subject to a particular percentage of the entire loan amount. The reason it's crucial to focus on the specifics of the degree of loan coverage being provided on a certain loan. List of expenses covered under education loan Get in touch with our specialists at EduFund if you want to get an education loan so you can quickly get loans up to INR 1 Cr to study in India or abroad. Simply compare and use. It's that easy! 1. Tuition fees The majority of your expenditures, which include tuition fees, are covered by all forms of student loans. All lenders will pay for the tuition, which is the foundation of your international education. Even the smallest student loans mostly pay for school 2. Cost of living  Your living costs while you reside in the UK, the USA, Australia, Canada, etc., are occasionally greater than those of your complete family in India. The local and foreign currency exchange rates are to blame for this. Rent, food, local transportation, and other costs are all paid for by the education loan. The bank or lenders will determine how much they are covered. 3. Exam and studies-related costs  Education Loan expenses include those for books, computers, exams, extracurricular activities, and other things needed for studying. Some banks are only permitted to pay for these costs if they don't equal more than 20% of the overall loan amount. 4. Air travel tickets For students from low-income and middle-class families, traveling to a distant country requires a major financial commitment. Flights from India to London or Toronto one day may be expensive. An aircraft ticket may cost between 50,000 and 1 lakh Indian Rupees. Many lenders may let the provision include the cost of the aircraft ticket in the total loan debt even though it is not a sizable sum. It must be taken into account that travel expenditures are not often counted as a loan failure by banks. The borrower may choose to include this. It is advised to include the cost of transportation in the loan for those who cannot pay it. 5. Health insurance Student loans frequently do not include health insurance. Most lending organizations don't pay for the cost of health insurance. However, depending on the borrower's request, certain banks may agree to pay the cost of health insurance. Because of this, very few banks would count health insurance as part of the loan. What costs are not covered by a student loan? Tickets to movies, individual travel, and other such entertainment costs are not covered by student loans. Only tuition fees are in default across all college loans from different banks, even for costs reimbursed by education loans. Other costs, such as rent or other living expenses and airline tickets, are either not covered at all or only partially reimbursed (30–40%). How to calculate expenses covered in education loans? Make sure you have a good idea of the costs you anticipate incurring while studying abroad before you approach banks or other lenders for school loans. Here are some things to take into account when estimating school loan repayment costs: The cost of lodging close to the university where you have been accepted. Depending on whether you can cook, the cost of food. the price of gasoline and other forms of public transportation. Therefore if you're interested in studying abroad, don't delay any longer because there are accessible education loans available to help you reach your dream university! Finally, before making any decisions, always be sure to carefully study all documentation relating to the scheme. Consult an expert advisor to get the right plan TALK TO AN EXPERT

How do education inflation and rupee decline affect the cost of studying in the USA? After remaining low during the first & second waves of the pandemic, education inflation is now emerging drastically.  According to the Ministry of Statistics and Programme Implementation, the rate of education inflation in India was approximately 0.63 percent until April 2021. In May 2021, it increased to 1 percent. But in 2022, the rate has increased to 4.12 percent! On the other side, the rupee depreciation continues to affect overseas education, from everyday items becoming pricer to skyrocketing tuition fees. How education inflation and rupee decline is affecting USA academic costs? According to reports, the rupee hit 79 against dollars. This means, that the rupee currency is falling, while the dollar is increasing. The fall in the currency can be a result of certain parameters, including: Emerging crude oil prices Higher current account deficit The rising educational cost cannot solely be attributed to higher tuition fees. Different parameters affect the overall academic expense in the USA. Some are: Accommodation cost: Students stay in hostels or pay guests. Nearly 50% stated that their living costs have increased around 1.5 times. Food expenses: Increased food prices lead to a higher budget on daily products a student spends each day. Because of the increased prices of travel expenses, food, and beverages, students abroad need to deal with expensive educational costs. Important factors that affect the educational expense in the USA Administration expenses Technological updates by academic institutions Transportation charges become another factor In short, the depreciating Indian rupee against US dollars directly impacts a student’s education. Learners who plan for higher education overseas in the US will bear the brunt of the sharp depreciation of rupees against US dollars.   They must determine the exchange rate fluctuations and plan their finances accordingly. Nonetheless, the ongoing rupee-dollar exchange rates shouldn't influence a scholar's dream of studying abroad. So, they must plan & evaluate the alternatives too. Outlining the impact: cost of living & tuition costs Tuition & living costs are two crucial elements that affect a scholar's overall expenditures while studying in the USA. In today's age, the rupee is losing streak, leading to higher cost of living and fees. So, an Indian scholar who had paid 65 rupees per dollar in 2017 has to pay 78.20 rupees for every dollar in 2022. How should parents support a child to overcome this situation? Managing the situation is the only step left for students who wish to study abroad. Aspirants and their parents set aside a value of the corpus for foreign education after factoring in the initial requirements. The calculation evaluates the total loan amount. Pupils who don't determine the charges of native currency fluctuation against the destination's currency may face difficulties in the future. The INR's depreciation against dollars impacts the burden of studying in the USA. Exchange rate fluctuations send financial planning downhill. And it adds to the overall financial stress. Parents who fund educational expenses can save in US stocks. On this note, the EduFund app comes in handy. The app is India’s first investment advisory application that focuses on higher education. It allows you to invest in the SIP mutual funds & build a more prosperous future for a child. Alternatively, loan schemes are also important for scholars. Students who manage their own finances may choose financial loans to cover tuition fees and their cost of living. They can also invest in secured education loans tied to the collateral's value or education expenses. They cover full tuition fees as determined by the university and the living cost. In addition, students can also apply for a second education loan when they have an existing loan. But in that case, additional funds are required to finance their overseas education.  Another striking way to escape the fluctuations is by getting a scholarship. Scholarships are a blessing in disguise for deserving candidates.  FAQsHow does inflation affect the education system?  Inflation can impact the education system by driving up the cost of tuition, textbooks, and other educational expenses. As prices rise, students and families may struggle to afford higher education, potentially limiting access to quality schooling and increasing student loan debt.  Why is education so expensive in the US?  Several factors contribute to the high cost of education in the US, including administrative expenses, faculty salaries, infrastructure, and the availability of federal loans. Additionally, a lack of strong government funding for public universities and the competitive nature of higher education can drive up tuition fees.  What is the inflation rate for higher education in the US? The inflation rate for higher education in the US varies from year to year but tends to exceed the general inflation rate. On average, it has been around 2-3% higher than the overall inflation rate, making college and university costs grow faster than other goods and services.  What is the correlation between inflation and rupee value?  Inflation can have an inverse correlation with the value of a currency like the rupee. When a nation experiences high inflation, the purchasing power of its currency reduces, leading to depreciation. However, other factors, like interest rates and economic stability, also influence currency values.  Conclusion Since the rupee is losing its value against dollars, foreign education becomes more expensive. One's decision to pursue higher education abroad doesn't necessarily have to be influenced by ongoing trends of rupee-dollar exchange rates. Aspiring students and parents must conduct an intensive survey about both countries' economic aspects. In addition, they must also plan to send students for overseas education. These are just some ways education inflation and rupee decline affect the cost of studying in the USA. Consult our professionals today to protect your child’s fine future! Consult an expert advisor to get the right plan TALK TO AN EXPERT