Tag Archives: education

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. Start Investing in US Stocks 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.

In the last 8-9 years, Canada has steadily grown in social standing as the desired location for higher education. It ranks among the most popular destinations for Indian students. Quality education, graduate assistantships, and many government policies regarding immigration are some of the reasons why you should consider Canada for your child’s higher education.  For students who are seeking programs that are cost-effective and shorter in duration, allowing them to cut down on living expenses, Canada has the most acceptable community education system in the world. https://www.youtube.com/watch?v=2d3XNHbB8II&t=84s Source: EduFund Major Benefits of Studying in Canada 1. Academic Skills Education is a federal responsibility, regional governments ensure that the standard of education is uniformly high across Canada, no matter what kind of institution - college/university. Regarding educational streams, all types of programs from different strands are accessible in Canadian academic institutions. Financing Children's Masters in Canada Read More 2. Developmental skills Co-operative work is a wonderful concept in Canada that supports students with employment options in their related sectors while attending university. As a result, an engineering student is granted the chance to participate in work for an engineering firm while studying. This gears up students for actuality by exposing them to a work situation early and instills professionalism with skill development. 3. Quality of life  Canada has repeatedly been graded as being among the world's safest countries. The Global Peace Index ranked Canada as the sixth most peaceful place in the world in 2018. International students enjoy the same entitlement as any other Canadian student. Standard of living also refers to necessities of life such as atmospheric air, safe drinking water, the feeling of space, and so on, as well as other life-related factors such as significant exposure to the best health care services, and strong educational infrastructural facilities.  Can your Child Study MBA in Canada for under INR 40 lakhs? Read More 4. Cultural diversity  Canada is a friendly and accepting community. Individuals from different countries of the world have been planning to migrate to Canada for a long time. This gives Canada a competitive advantage in terms of diverse cultures. Canadians respect other cultures and see them as a symbol of motivation and strength. Students can enjoy festivals of all racial backgrounds year-round, and the best part is that the festivities are not confined to the ethnic community. Still, the rest of the country embraces all festive celebrations. 5. Immigration opportunity  Since overseas students spend much time in Canada, they will become potential Canadians. They are given adequate opportunity to comprehend and adopt Canadian culture while studying and up to three years to recognize Canadian work culture. What it ends up in is likely to be prospering once the studies are completed. Indian students are opting for Canada for their university education, and interest in Canada is growing significantly yearly. https://www.youtube.com/shorts/x9B8449Iuw4 EduFund The number of Canadian college graduates between 2000 and 2019 From 2000 to 2019, the number of university graduates in Canada increased Number of postsecondary graduates in Canada in 2019, segmented by degree type Better paying jobs for children of Canadian immigrants According to a Statistics Canada report, the children of economic immigrants attend school longer and have higher-paying jobs than the typical Canadian-born employee. By the age of 30, the children of economic immigrants in Canada earn more than the average Canadian worker by 29.3%, commanding a median annual wage of $55,500 versus the $42,940 made by the average Canadian employee of the same age. Economic immigrants' children can command higher wages because they attend college or university at a higher rate than Canadians. International students in Canada International students enrolling in formal education increased from 142,170 in 2010/2011 to 388,782 in 2019/2020 in just ten years. As a result, by 2019/2020, the amount of international enrolled students improved from 7.2 percent to 17.8 percent. Within ten years, one out of every ten international students arrived in Canada in 2000 or became a landed immigrant. As a result, new ideas are being inspired, innovation is being boosted, and people-to-people relationships are being strengthened, all of which are important for international commerce and worldwide trade. The number of international students intending to study at the secondary and primary school levels has been declining in recent years. Meanwhile, that has been countered by an increase in the percentage of individuals planning to study for a college or master's degree. More advantages of studying in Canada 1. Affordable and Quality Education Compared to other options such as the US and the UK, Canada offers a highly affordable and quality education for its students. Education fees may differ depending on your chosen university, but you can still save a lot of money while studying in Canada. These universities and colleges offer high-quality academic programs and research opportunities and are consistently ranked among the top global institutions.  2. Cost of Living A single person's monthly cost is approx Rs. 83,307.6 (1,347.1C$) excluding rent.  Most institutions offer courses with tuition fees starting from CAD 15,000 (Rs. 9,03,999). The cost of living for a single student is around 880 CAD (Rs. 53,034) per month. Monthly expenses including rent are approx $1,708 per month per person and $3,911 for a family of four.  If we count accommodation, food, clothing, groceries, health, transportation, entertainment, travel, etc., a student will require approx Rs. 9,00,000 to Rs, 22,00,000 to cover all expenses. (CAD 18,340 approx). To counter this, students can apply for an International Student Identification Card upon their arrival in Canada. This provides many benefits to the global student community such as discounts for shopping, culture, food, access to student services and facilities internationally, etc. It helps prove your student status in over 130 countries since it is the only internationally recognized proof of full-time student status endorsed by UNESCO.  3. Standard of Living After reading about the cost of living in Canada, you might say it is expensive, however, the standard of living here makes it all worth it. High-quality education, lucrative job opportunities, cultural diversity, and accessibility of public services on par with its own citizens make Canada one of the countries with a high standard of living.  4. Safety and Security Canada takes its student safety very seriously, particularly for international students. Students living on campus have a 24-hour security measure in place for them. Canadian citizens on the other hand are warm and welcoming and respect diverse cultures making these students feel comfortable in their home country. There are many safe options for student accommodation outside the campus as well.  5. Work opportunities for students  The study permit in Canada allows international students to work up to 20 hours/ week, which helps them supplement their income. Apart from the opportunity to earn extra income, students also get to experience the professional environment of working in Canada. However, be mindful of not violating the terms of this study permit which can lead to loss of student status and permission to work in the future.  6. Job Opportunities Canada provides a Post Graduate Work Permit (PGWP) to its international students which allows them to work for up to 3 years after the completion of their course. However, a PGWP is issued only if you have graduated from a Designated Learning Institute. Also not all Designated Learning Institutes and programs of study make you eligible for PGWP. There are several other criteria you need to fulfill. Go through them carefully then make an informed decision.  Several immigration policies also allow students to apply for permanent residency and work while they study.  FAQs How much does it cost to study in Canada? The cost of studying in Canada depends on your chosen institution, your type of education/ course, as well as your living expenses. However, the cost would be approximately CAD 36,000 (INR 22,00,000) a year for international undergraduate students and CAD 21,100 (INR 13,04,434) a year for international graduate students.  Is it safe for female students to study in Canada? According to the Canadian Bureau of International Education (CBIE) annual international student survey of 2021, 79.2% of respondents consider Canada to be a safe and stable country. Plus, the on-campus 24-hour security measure allows you to be tension-free regarding the safety of your child. So, yes it is safe for girl students.  Which are the best places to study in Canada? Montreal, Toronto, Vancouver, Ontario, and Quebec City are some of the best places to study and work in Canada. These places also offer several part-time job opportunities for international students.   What is a Letter of Intent (LOI) and do I need to submit it to study in Canada? A Letter of Intent is a document that states your reasons for studying in Canada, your professional and academic goals, and your past qualifications in your home country.  Yes, you need to submit the LOI to acquire a study permit in Canada.  Can students work while studying in Canada? Yes, the study permit in Canada allows you to work for 20 hours/ week. You have to be careful not to violate the terms of the study permit.  One of the main reasons students like to study in Canada is the high quality of education. Many Canadian universities offer cutting-edge innovative exploration and new technologies. Canadian universities typically hold the highest international rankings and offer amazing placements and a chance to live in the world’s most peaceful cities in the world. Hence, considering Canada for your child's higher education is a good choice.

I am a father and I want to save for my child's gadgets. How do I start? We have an easy solution for it! Electronics have evolved into a vital component of our day-to-day lives. It's crucial to teach your kids how to use technology responsibly in today's digitally driven world and to develop the knowledge and behaviors that will help them succeed as digital citizens. The latest gadgets for youngsters are rarely inexpensive and often appear out of reach. Are you looking for methods to save money on your child's gadgets? This article will assist you in planning your desired gadget without trying to empty your bank account. Follow these simple recommendations to keep your child's new tech costs low. Ways to save for child's gadgets 1. Start a SIP  Start a SIP plan to meet your short-term and medium-term goals. SIP allows an investor to invest a certain amount of money in a mutual fund scheme at predetermined intervals. SIP allows you to acquire units on a set date each month in order to create a savings strategy for yourself. EduFund assists parents in budgeting for electronic gadget purchases. It has a separate section dedicated to saving children’s electronic gadgets. The app also shows you different gadget options and provides you with savings plans to start saving for the gadgets on the app.  Electronic device prices have been skyrocketing, and with the Covid-19 outbreak, electronic prices are rising even further. EduFund addresses the financial needs of parents since electronic gadgets have become essential for children’s education in today's society. Start SIP with EduFund 2. Do your research Before actually buying electronic gadgets, it is essential to research. It is a good practice to look around at wide varieties and brands. Examine both offline and online retailers to gain a comprehensive analysis.  If you wait until your old equipment cracks, you'll feel compelled to purchase a brand-new one without looking around or looking for a good deal. When you browse online, you can instantly comprehend the pricing and position yourself for a good deal when it arises. Track the progress of the valuations of the gadgets you want to buy to save money on electronics. 3. Return old gadgets The need for reconditioned technology has increased exponentially in recent years. In addition to global supply chain disruptions, customers have been convinced to buy used technology owing to price considerations, environmental considerations, and the accessibility of lifetime management solutions. While purchasing new gadgets, parents should look to return their old gadgets and concentrate on a buyback offer. They can exchange old products with the purchase of new products. Useful Gadgets for Students Read More 4. Request a price match or a discount Many retailers meet their competitors' electronics market prices on the same product. If you're loyal to a favorite retailer, find out if they can fit the competition's offer. You can also participate in a membership program that will earn you points or discounted rates once you connect.  If the seller fits a competitor's offer, you could use that membership program to get electronics at a cheaper rate. If you can't obtain a comparable object for a reduced price, it Is better to negotiate.  Most traditional retailers might not provide the same benefit; however, they might be more willing to cooperate with you to make a deal and discuss electronic purchases. 5. Warranties aren't worth it Numerous parents fear their child's new phone will end up in a pool of water or, even worse. Purchase extended warranties for their electronic gadgets. Read the fine print to avoid paying extra for something you don't need - or paying large amounts for a product that doesn't even protect against water damage.  A void warranty is a waste of money and certainly cause for concern. Choose a standard complimentary warranty over an extended warranty. The advantages of gadget use Children of all ages can benefit from technology, which offers tools that encourage learning via play, let them express their creativity, and keep them socially linked. For kids under the age of five, it serves as stimulation. It can be applied to speech as well as to encourage learning. The young ones' visual representation may help them develop their senses. The use of technology to play games fosters cognitive development and analytical abilities. This encourages the child to think more creatively, strategically, and generally to be more productive. Tech-savvy children will also be more equipped for a workforce that will be largely digital. A few fundamental parenting principles will assist you in establishing ground rules and preserving technological harmony at home. Conclusion Students nowadays rely heavily on technology. These devices are critical for children as they are required to boost their learning abilities and knowledge. Nowadays, independent learning is supported since children can study without the aid of teachers. Students use the internet for research and online libraries to complete their homework. As a result, technological devices have become unavoidable in the current world. FAQs Is it good to give gadgets to children? Yes, some gadgets are good for your children. However, you should have a time limit on how long they can use the gadgets in a day. Too much usage can affect your kid's attention span and even strain their eyes. How to save for your kid's gadgets? The best way to save for your child's gadgets is to start a goal and a SIP for it. Rather than buying or taking an EMI, you can start a SIP and save for the amount. You can do all this on the EduFund App. It helps you save for your kid's education expenses like buying a phone or a laptop. How can gadgets help children? Some gadgets are known for helping kids with motor skills, learning languages, and even sharpening their spatial knowledge.

Introduction The Fulbright scholarship for US education is one of the most prestigious awards offered by the US Department of state. The fully-funded merit-based program is administered by the Fulbright Commission along with the US embassies all over the global arena. The Fulbright Scholarship helps deserving students to continue with their academic endeavors. It is a brilliant way of promoting cross-cultural understanding and international collaboration because the scholarship is meant for both US students and international students. Fulbright scholarship program The Fulbright scholarship for US education is a fully-funded scholar program that includes two different scholarships. The first is for US students who want to travel abroad, and the other is meant for international students who want to travel to the US for further studies. Students who already have an undergraduate degree can apply for this scholarship program which covers funding for graduate studies, Ph.D. programs, Master’s degrees, or scholarly research. The program is for almost all fields of study like STEM fields, social sciences, business, agriculture, humanities, performing arts, etc. The Fulbright US student program is offered to 2,200 US students who want to travel to one of the 160 countries where the program is operational and 4,000 international students who want to travel to the US for higher studies. Important facts about the Fulbright scholarship program for US Education The Fulbright scholarship for US education is for an academic year only. Whether it is for the US academic year, which lasts from August to May, or the academic year of the host country depends on the course study. It is possible to extend the period to one more year only if the host country’s Fulbright Commission deems it necessary. The application form is available on the Fulbright Scholarship website, where the candidate has to select their country and fill it up with the necessary documents. The grant is fully funded, which helps students to lead a comfortable life without the worry of funds for the fee structure. The purpose of the grant is to support both US and international students who are interested in further studies but are unable to do so because of a lack of funds. The internationally acclaimed award encourages cultural exchange and cooperation between students of different countries. Additional read: Rhodes scholarship program Eligibility criteria for entering the Fulbright Scholarship Program The eligibility criteria for the Fulbright scholarship for US education include Applicants should be a citizen of the United States at the time of application, whereas international students entering the US must also be a citizen of their home country. Candidates who have served in the armed forces of the United States are given preference if their qualifications match the requirements and are equivalent to the qualifications of the rest of the candidates. Students in the US should have their bachelor’s degree, and international students should have an equivalent degree by the time they leave their place for further studies. Candidates must show proficiency to complete their study course or project. They must have experience in community service. Foreign applicants must not have any other degree in the US before they submit their application. Employer's endorsement is necessary for working candidates. Applicants have to be willing enough to represent their culture and serve as noble citizens of their country. Members and staff of the scholarship board, along with their immediate families, are not eligible for the Fulbright Scholarship Program. Is the Fulbright Scholarship program enough to meet the needs of your child’s US education? The Fulbright Scholarship Program is funded by the US Congress through an annual appropriation to the US Department of State’s Bureau of Educational and Cultural Affairs. It is also supported by host institutions, participating governments, various corporations, and different foundations from all over the world.  The Fulbright Scholarship grant includes Coverage of full tuition fees  Provides the required textbooks to the students Accommodation Two tickets from and to the country of study J-1 exchange visitor visa Monthly maintenance or living stipend Health insurance Settling-in-allowance Research materials and enrichment activities (optional) Computer (optional) Even though a Fulbright grant is a fully-funded program, it might not cover all the associated costs of studying abroad.  It is important to plan and save money for a study-abroad experience. The Edufund app helps Indian parents in the process of planning, saving, and managing money for their child’s education, be it abroad or in India.  FAQsWho is eligible for the Fulbright Program?   Eligibility criteria for the Fulbright Program can vary by country and program type. In general, applicants should be citizens or nationals of the participating country, hold at least a bachelor's degree, and have proficiency in English. Specific eligibility requirements will be available on the Fulbright Program website for each country.  What is the Fulbright scholarship?   The Fulbright scholarship is a prestigious international exchange program sponsored by the U.S. government. It provides opportunities for students, scholars, and professionals from various countries to study, conduct research, or teach in the United States and for Americans to do the same abroad. The initiative fosters intercultural dialogue and mutual understanding.  What is the Fulbright Program about?   The Fulbright Program is about fostering international cooperation and understanding through educational and cultural exchange. It offers a wide range of scholarships and grants to individuals from diverse backgrounds and fields, allowing them to engage in academic and cultural experiences abroad. The program emphasises promoting global peace and collaboration.  What is Fulbright Scholarship India? Fulbright Scholarship India refers to the Fulbright Program's opportunities and initiatives specifically tailored for Indian citizens. Indian participants can apply for various Fulbright scholarships, fellowships, and grants to pursue academic and professional experiences in the United States, such as research, teaching, or advanced study in their respective fields. These opportunities aim to strengthen ties between India and the U.S. through educational exchange.  Conclusion The Fulbright scholarship for US education is an educational exchange international program to build long-lasting connections between the US and other countries. The flagship program is one of the most effective ways of making dreams come true, enhancing learning, gaining diverse experiences, and unlocking innumerable opportunities for career growth. TALK TO AN EXPERT

According to an Indian Government survey, 44% of Indian students wish to move to the USA for higher education. Good quality of education, better job opportunities, and a healthy lifestyle are some reasons behind this demand.   However, there are many obstacles like high costs, limited seats, and intense competition. Let's look at 5 reasons why your child could miss their American dream! 5 reasons why your child could miss their American dream! 1. Lack of funds and savings Lack of funds is the top reason why your child could miss their American dream. The United States of America is home to some of the costliest universities in the whole world. Some of them are the University of Chicago, the University of Pennsylvania, Tufts University, Harvey Mudd College, and so on. The tuition fees of universities in the USA depend on which course you are pursuing. If you are pursuing an undergraduate degree in engineering, it will cost you around $40,000 to $80,000 per year (Rs 31,79,800 to Rs 63,59,600). Similarly, if you go for a medical or law degree, it will cost somewhere around Rs 1,98,73,500 if you go for a public institution and Rs 2,62,33,185 if you go for a private institution. Your child can apply for scholarship programs in the universities. If you feel that the cost is going beyond your budget, you can apply for a loan from a bank. Another solution is to start investing in long-term instruments like mutual funds if you have a time horizon of 8-10 years. You speak to a financial expert if you are looking at a shorter duration. Invest in the US Market 2. Not meeting the Eligibility Criteria  Another reason why your child could miss their American dream is eligibility criteria. To get admission to the respective university, you need to fulfill all their requirements. It is essential to understand the eligibility criterion so that your child might not face any problems later.   For example, if your child wants to get admission to Harvey Mudd College, then he or she needs to present a coalition application, school report, counselor recommendation, official high school transcript, and appropriate funds to cover the fees and cost of living. All the documents should be presented properly and your child should meet all their requirements.  3. Incomplete university applications   Application is one of the most important parts of the complete procedure. During this process, you should make sure that all your documents are ready beforehand and that your application form has no errors. The application form goes through a verification process in which every detail that you have filled in is checked. If the management of the university you are applying to finds out that the information you have provided is wrong, they might reject your child’s application.   Let’s take the example of the Massachusetts Institute of Technology. If you are applying to this university, you will have to fill out an online application which costs $75. They require you to present your past grade scores, coursework, competitive scores, and so on. Furthermore, they also expect you to take up competitive tests like SAT, PTE, TOEFL, and IELTS depending on the course you want to pursue.  USA University Fee Structure Read More 4. Not getting a US visa on time It is extremely important to get a USA student visa if you are going for higher education in the USA. Before you get a visa, a recognized university in the USA needs to accept your application which is certified by the student exchange and visitor program. Once your application gets accepted by the server, you will receive a form I-20 or DS-2019 which you will have to fill out accurately. The process can take weeks and the US visa office may require a set of documents that you need to provide to get the stamp. 5. Currency conversion rates   The rising cost of education is one of the major factors that can affect your child’s American dream. The inflation in education in the USA has been on the rise. According to EducationData.org, the inflation in higher education in the USA is 8% more than the annual retail inflation. The general living cost in the US is more than in India.   Furthermore, most of the parents make money in Indian Rupees rather than Dollars. The currency conversion rate provides 1 USD for every Rs 80. The currency rates alone can make US education far more costly for Indian parents.  These 5 reasons why your child could miss their American Dream should not stop you! Saving in dollars and preparing your child academically to impress the admissions committee – are two ways to support their dreams! Connect with our financial and education experts to turn this dream into a reality. FAQs How much does it cost to study in America? The USA is considered one of the most expensive destinations for studying abroad. : On average, public universities charge an annual tuition fee ranging from $8,000 to $35,000. Private universities in the USA charge between $25,000 to $55,000. The costs differ based on duration, university, and course. Is the USA cheap to study? No, the USA is not a cheap place to study. The costs can go up to Rs. 50 to 60 lakhs for many courses in the country. Is the USA good for Indian students? The USA is great for Indian students and the most preferred destination for Indians. It offers a wealth of opportunities to grow and make a successful career.

Planning to teach kids about taxes? Then this blog is for you. Taxes are an integral part of human lives and every person must be aware of how to manage them from an early age. Children can understand financial concepts quite early in life and most of their monetary habits are also developed during these times. Every person on earth knows that taxes are inevitable and you cannot escape from them. So why not take a progressive step forward and understand how to teach your kids about taxes as it will prove beneficial for them in the long run? 6 basic ways to teach kids about taxes 1. Start the lessons from home The first step in how to teach kids about taxes is becoming their teacher at home and giving them lessons relevant to taxes. Some children are aware that we pay taxes, but the majority are unaware of the fact. Remember, it is the basic responsibility of every parent to make their kids aware of all the things that are relevant in their lives. Personal finance and taxes are important topics of discussion as kids should know how and why a portion of their earnings is given to the government and how it uses the said money for the welfare of its citizens. Start Investing in TAX Saving Mutual Funds 2. Start from the basics Explain the basic concepts of taxes; for example, what are taxes, and why are taxes levied on earnings? If your child has grown up, you can also discuss the various types of taxes levied by the government and related topics like income tax, property tax, sales tax, capital gains, deductions, and tax credits. Inform the kids about why taxes are important and how levying taxes helps the community on the whole. Tax Benefits on Child Education Fees Read More 3. Make it as real as possible  Make it as real as possible with the help of real-life examples because children learn more quickly when they have live demonstrations in front of them. Parents should apply the basic concept of taxes in everyday life to make the kids understand. For example, when you take your kids shopping, show them the price tag of a commodity and the price that is shown on the bill. Explain that the difference is the tax that every person has to pay the government. Familiarise your child with deductions and tax paperwork and how it impacts the total individual income. Making it real will help the child get a better grasp of the concept. https://www.youtube.com/shorts/p2Bj4VgVHgQ Source: EduFund 4. Explain why we pay taxes Teaching the kids about taxes from an early age gives them a solid foundation in the concept of finances and how to tackle the various types of taxes later on in life. Explain to them who pays the taxes and why they have to pay them. Point out the essential infrastructure that is maintained with the help of the taxes that the government levies on its citizens. Examples include parks, schools, hospitals, roads, post offices, etc. Make sure to use simple words and common examples to explain why we pay taxes so that the kids can understand the concept of taxes and the reasons behind why we pay them. Learn about Taxation in Mutual Funds Read More 5. Make it a fun game Sometimes the best way to learn about a topic is by making it into a fun activity. Parents can take the help of a simple piggy bank to explain their point. Make it a fun game as games are effective learning tools that kids can easily relate to. Whenever you pay your child’s weekly/ monthly allowance ask them to pay specific funds on allowance and expenses as tax. For instance, the child is given INR 2000 as a monthly allowance, then levy 1% tax on their total allowance. This will amount to INR 20. Ask them to deposit it in the piggy bank. Next, whenever they make an expense that is higher than INR 200, ask them to deposit INR 5 as tax.  This is a simple method that can help the kids to grasp the concept of taxes more easily. By now you must have gained a basic understanding of how to teach your kids about taxes. Take all the related points into consideration and start talking about taxes, personal finance, and how taxes impact human lives with your kids to create an engaging environment. https://www.youtube.com/shorts/wzl2t-Czh8o Source: EduFund FAQs What is a tax? A tax is a fee paid by citizens to the government that helps fund public goods and services. Why should you teach kids about taxes? Taxes are a big part of our lives. We pay taxes on the food we eat, the services we use, and the money we make. By explaining why we as citizens are responsible for paying taxes to the kids will help them become more informed and aware of the financial responsibility of every individual. It is also a good practice to help teach kids the value of money. What is the best way to teach kids about taxes? Use everyday examples to help your kids understand taxes. The income tax you pay, the toll tax on the roads, the GST on everyday items, and much more. This is a simple start to explain why we pay taxes and helps children understand the importance of money.

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

Education inflation directly affects your child’s higher education decisions. From which country to study to what they should study is directly affected by inflation. Education inflation increases the cost of tuition and a host of other educational expenses that are bound to impact your child’s future plans.   Education inflation affects your child’s higher education decisions in a number of ways such as:   1. Location of Study   While many students aspire to study abroad or at top-notch universities, not everyone can afford it. The cost of education across the globe is rising and to attend the world’s best universities, you either need an education fund or take on student loans to pay the fees. Unfortunately, most Indians do not have an education fund and not everyone is entitled to an education loan, thus, students have no choice but to look for cheaper alternatives without compromising on the quality of their education. For instance, a medical degree in India from a private college can cost you up to 1 crore, since most parents cannot pay this expense, they send their children to countries like Russia, Ukraine, Bangladesh, or Nepal to study medicine.   2. Course Preference  Education inflation can affect the child’s higher education decisions like what to study. Your child may be a great artist or cartoonist and aspire to study graphic design and illustration. The cost of studying in a graphic design program can be huge and most parents cannot afford it. Unfortunately, this may push the child to opt for a different course that is cheaper and inexpensive in comparison.   There are certain degrees that can be more expensive to afford and may force students to choose inexpensive alternatives affecting their course preferences as well as future career preferences.   3. Monthly Expenses  Education inflation affects your monthly expenses as well. It not only drives the cost of studying to rise but also affects everyday costs that are linked with education. As a student living abroad or in a different city, there are living costs to consider. Students have to bear the growing cost of rent, food, travel, and other expenses and budget accordingly. There are some cities that are cheaper than others and students must make certain lifestyle decisions in response to the rising education inflation in the world.   Sharing an apartment with your friends, limiting your expenditure, or taking up part-time jobs to cope with daily expenses are some ways education inflation may affect your child’s higher education decisions. Many students even opt for countries that allow longer working hours for students to cope with the expenses and ease the burden on their parents.    Additional read: 5 reasons why your child's college education is at stake 4. Variable Costs   There are many hidden costs of studying that parents do not consider. Buying a new laptop for a course, paying maintenance fees, security deposits or opting for a program to upskill can be some variable costs of studying. These are hidden expenses that all students and parents have to pay and can affect your overall education budget.   5. Career Prospects   Another aspect of higher education is career prospects. Every child has to consider the scope and ROI of their course and whether the college provides any placement assistance. Consider you want to send your child to the UK for their higher education, you need to consider if they can apply for a post-study work visa and make the most of their degree. This gives them a greater ROI on their course and the prospect of working in the country directly impacts their decision to study there in the future.   6. Dropout Rates  The 2020-21 report by Unified District Information System for Education Plus (UDISE+) revealed that the annual dropout rate of secondary school students was 14.6%. Girls are more likely to drop out of school or college due to rising costs than boys. While college is a stepping stone to success, many are not fortunate enough to apply for it or see it through.   These are some ways education inflation can affect your child’s higher education decisions. Many students are forced to change their career plans and even drop out of college to support their families because of the sheer cost of studying. To combat this situation, parents can start saving early on for their child’s college and ensure that the education inflation does not ruin their child’s bright future!  FAQsHow does inflation affect the education system?  Inflation can impact the education system in various ways. It often leads to rising costs for educational institutions, resulting in higher tuition fees and expenses for students. This can make education less accessible and increase the burden of student loans.  What is the inflation rate of child education?  The inflation rate for child education can vary significantly by region and over time. It generally reflects the rising costs of school fees, books, uniforms, and other educational expenses. It's essential to consult local data or financial experts for specific inflation rates in your area.  How to beat education inflation?  To mitigate the effects of education inflation, consider options like:  Saving early and consistently in education-focused accounts.  Exploring scholarships, grants, and financial aid.  Comparing costs between institutions and choosing more affordable options.  Investing in education savings plans that offer tax advantages.  Which country has the highest inflation?  Venezuela had one of the highest inflation rates globally, with hyperinflation causing rapid price increases. However, inflation rates can change rapidly due to economic and political factors, so it's crucial to check the latest data for up-to-date information on countries with the highest inflation rates.  Consult an expert advisor to get the right plan TALK TO AN EXPERT

Your daughter comes running breathlessly only to tell you her selection for the next basketball match. Oh! Did she mention the money she needs for the uniform and kit? Children's enthusiasm touches heights when they get the correct exposure. For this, their skills must align with their passion. To do this, parents must work on exploring the child's inert capabilities/passion and provide them with the right platform. Exploring activities that can help your kid's career is the first step toward this discovery. Let’s know why. Importance of extracurricular activities for kids Help gain expertise in a niche Learn teamwork Develop problem-solving skills Improve creativity  Enhances career prospects Top 5 Activities That Can Help Improve Child’s Career Prospects Here is the list of activities that may help boost your child’s career. You may also find some tangible ways to fund your child’s extracurricular activities. 1. Music Some children prefer to play music while others sing. Your child may excel at both. When your child learns music, apart from knowing how to play instruments and knowing about music's origins, they may also learn discipline, how to socialize, and cultural skills. They feel confident about themselves and perform well academically. Analyze the inclination of your child and the instrument they like the most. Gaining expertise in playing a musical instrument requires consistent practice. Thus, the expenses may include- musical classes, buying instruments, etc. You can buy a used instrument initially or check out the discount on the same by exploring multiple sites. 2. Sports  Cricket is the most popular sport in India. Cricket, chess, badminton, or basketball, every game helps nurture discipline, competitiveness, and strategic and creative thinking. The sporting journey entails various expenses, from tournament participation to buying the kit, travel, coaching, etc. You can seek a scholarship to fund these. 3. Cooking and baking Most kids are naturally inclined towards the interesting blend behind delicious dishes. Cooking teaches your kids important concepts like the right balance, temperature, volume, quantity, and taste. If you find your child experimenting in the kitchen, fund his dreams. Set up a different savings fund to pay for their sudden demands- cooking classes, setting, or attending overseas cooking competitions. 4. Martial arts Martial Arts like Karate, Taekwondo, and Judo help your child develop personality by learning self-defense skills and strengthening muscles. These skills help your child master overcoming aggression and control strength. It also helps build a good physique. 5. Sewing Classes Sewing may not be the first thing on a parent's mind as an extracurricular activity, but it helps one get creative with colors and patterns. Many children grew up as fashion -designers learning the skill. Additional read: How to know you are investing in the right mutual fund? How to fund your child’s short-term dreams easily? Parents often shiver at the price tag associated with kids' activities. And worse, sometimes it falls uninvited. As per the News 18 Survey of 2218 households, "63% of guardians have an average income of below six lakhs". On average, a guardian spends Rs. 850 a month on children's extracurricular activities.” The growth of extracurricular activities fueled by smartphone use will increase by 8 billion by 2023. Here is how you can plan financially before exploring activities that can help your kid's career: 1. SIPs SIPs enable investors to make fixed-amount investments instead of a lump sum in a mutual fund scheme. You could invest as little as 500 a month and set it up as a recurring deposit. Market volatility and timing hardly affect it.  2. Scholarships If your child is pretty good at sports, they may qualify for a scholarship. Scholarships help cover stay costs, practice costs, equipment, and travel.  It grants ample opportunity to experiment, learn, and gain knowledge and expertise over a certain skill. 3. Invest in high-dividend stocks  Investing in high dividend stocks means investing in equities yielding good dividends for your investment. Some companies provide up to 200 rupees in dividends. Investing in companies like this can help you earn 4000-5000 in 3 months. It could assist you in meeting the child’s extracurricular activities.  4. Fixed Deposits It is the best high-return option for short-term investment. Capital safety and guaranteed returns make it a viable saving option. With a fixed deposit calculator, you can calculate the total amount to deposit and the returns to expect after maturity. It can help you fund activities that can help your kid's career.  5. Savings account Savings accounts provided maximum liquidity. You can earn interest on your savings yearly. The account helps improve an individual's income. Explore the highest interest rates before opening an account. TALK TO AN EXPERT

Introduction New Zealand boasts of a top-notch education system that is preferred by many students in the world. The world-renowned universities, unique learning environment, and academic reputation especially for bachelor’s degrees are revered by the global faculty as simply the best. Parents from all over the world, especially in developing countries like India, want to send their children to get a bachelor’s degree in New Zealand. The only roadblock to this dream is the high fee structure that most middle-class families cannot afford. Parents who are serious in their desire to send their child to New Zealand for a bachelor’s degree must try to save at least 50 lakhs so that their dream of a better future can prove fruitful. Parents who do not save for their child’s education have to take on education loans which put a lot of mental stress on the student as well as the parents. The pressure of keeping everything afloat can prove harmful in the long run hence it is better to save and invest in safeguarding your child’s future. Start Saving with EduFund Top bachelor’s degrees in New Zealand  New Zealand is a hub of an entire range of bachelor courses for both domestic and international students. Some of the best bachelor’s in New Zealand include Bachelor of Business  Bachelor of Nursing  Bachelor of Advanced Science Bachelor of Agriculture Bachelor of Law Bachelor in Arts Top Scholarships in the USA for your child Read More Cost of studying in New Zealand The cost of a bachelor's degree in New Zealand for overseas applicants is affordable compared to some of the other countries in the world. The cost of a Bachelor in Nursing degree is an estimated 51 lakhs whereas a Bachelor of Information Technology costs nearly 10.1 lakhs. Bachelor's in Law degree costs nearly 19.80 lakhs whereas a Bachelor's in Journalism degree costs INR 13 lakhs for online programs Besides the fee structure, there are also related expenses like accommodation (8,000 INR to 13,000 INR per week), traveling, food, books and study materials, etc. You can calculate the total cost that the student will have to incur after adding all the relevant expenses with the College Cost Calculator.  There are hidden expenses like health insurance, travel insurance, visa fees, and security deposit that you may have to consider before planning your child’s journey. Although the country is not as expensive as some of the other countries like the USA, UK, and Australia, compared to India it will seem highly expensive. As the course lasts from two to three years the total amount becomes considerably higher. Students can apply for scholarships but not every student desiring to get a bachelor’s degree in New Zealand can benefit from it.  Save 50 lakhs for a child’s bachelor in New Zealand Parents who are interested in saving 50 lakhs for their child’s bachelor’s in New Zealand have to take some concrete steps. These include: Start planning as early as possible as it will give you a large window to plan, invest, and save at least 50 lakhs for your child’s bachelor’s in New Zealand. It is important to set goals and keep a specific sum of money aside for your child’s education because the fee structure of reputed universities abroad is quite high. Do not get fixated on only one plan instead take the help of financial experts to know more about how, when, and where to invest for higher returns.  Look at various investment opportunities like mutual funds, fixed deposits, government-backed schemes, specially designed child endowment schemes, term plans, etc.  SIPs are the most preferred investment options in recent times as they help regular investors to accumulate funds quickly. Consult reputed investment advisors who are adept at handling the planning and investing stage. Edufund is the best platform that has reputed analysts and investment advisors attached to the platform. They help parents to plan and invest so that they can easily save at least 50 lakhs for their child’s bachelor's in New Zealand. Remember to build a portfolio of several schemes so that the money is evenly distributed and you are not dependent on any one plan.   Remember you are investing for a longer period and the compounding factor will help to gain interest on interest over time and ultimately give you more returns down the line. Choose and create a plan that you consider will reap the maximum benefit. Conclusion New Zealand boasts of a high influx of international applicants every year interested in the various bachelor courses provided by the top universities. The benefit of studying at such highly acclaimed universities and getting a bachelor’s in New Zealand is immense as they open innumerable doors of opportunities in a person’s career path. FAQs How to afford to study in NZ? There are many ways to finance your foreign studies: You can opt for scholarships, financial aid, and education loans and if you have time, you can start investing so that you have an education fund. The best way to achieve an education corpus is mutual funds. They offer amazing returns and are managed by experts so you don't have to worry about an investment strategy. If you are a parent, you can start an SIP for your child and give them enough funds to study anywhere in the world. Is New Zealand good for Indian students? Yes, New Zealand is a friendly and well-developed country with plenty of opportunities for Indian students. The country has a limited number of universities but all these offer amazing programmes and courses that can build your career. How much does MS cost in New Zealand in Indian rupees? On average, studying MS in New Zealand will cost between INR 24,00,000 to INR 35,00,000. The cost also depends on the university and program. However, there are scholarship programs available for meritorious students that can offer partial and full funding. DisclaimerMutual funds are subject to market risks, read all scheme-related documents carefully.

Did you know that international students have to pay college fees on top of tuition fees to study at Cambridge University? This is why you need to save to send your child to Cambridge University. UK’s oldest and top institute with the lowest acceptance rate and skyrocketing tuition fees – getting admission at this college is not enough. From expensive tuition costs to living expenses costing £12,400 on average (11-12 lakhs yearly), the need to invest and save is urgent! Suppose, if your child goes for an MBA in this university, he or she will have to pay Rs 58 to 59 lakhs per year for tuition fees. Similarly, if your child is going for BTech or MBBS here, he or she will have to pay somewhere around Rs 33 – 58 lakhs per year for tuition fees. How do you need to save to send your child to Cambridge?  1. Preparing an education fund  Preparing an education fund helps in growing your financial corpus. You can do this by investing in financial assets which have a longer-term plan. These plans include mutual funds, ETFs, and so on. Start by deciding your monthly budget. Choose an investment plan which suits your need and budget. Make sure that you do not invest in a plan which offers low returns. ULIPs are a really good option if you are saving up for your child’s education at the University of Cambridge.   Public Provident Fund is another great option that you can go for. Parents prefer going for PPF because it provides a specific interest rate and is extremely secure. Apart from this, you must always prepare a long-term investment option.   Start Investing in Mutual Funds 2. Balanced investment options  Fixed deposits are great ways to invest but do not beat inflation. You cannot rely on them for the long term since they provide fixed returns of 5-6% while inflation in the current economy averages around 7-8%. The chances are that as an investor, you will lose the opportunity to gain from the markets.   Equity funds will be a good option for you if you start early as a parent. Around eight to ten years are required for you to build the right amount of corpus. You can go for SIPs in equity funds because they have a good return value and do not require heavy sums of money in one go.   Equity exposure until five years to the date of maturity can prove to be extremely beneficial. In the last decade, equity mutual funds have delivered an average return of 15%.   If you consider yourself a moderate-risk investor, you can still invest 60% to 70% of your total investment amount in equities. Make sure that you have a sufficiently long investing horizon so that you can counter crashes and volatility. Remember investing is risky but a good plan and a great advisor can help you manage your money better even in the worst climate.    Start Investing in US Market 3. Aggressive investment options  Equity investment leads to higher risk but also good returns. If you want to add more options to your portfolio, you can go for aggressive investments. In such a type of investment option, the investor takes on more risk to that he or she can achieve a higher potential return. Investing in stocks is a way of doing so. Although it is quite volatile and requires daily inspection, it has the potential to offer a chance for greater gains when compared to other types of investment.   Some other types of aggressive investment options are stock mutual funds, real estate investment trusts, hedge funds, emerging markets, small-cap stock funds, private equity, foreign stocks, global funds, and so on.  There are many ways to save to send your child to Cambridge but all start with smart planning for the right cost with the right experts. If you want the best for your child’s education, connect with us!  FAQs What are the fees of the University of Cambridge in Indian rupees? Tuition fees - 21.57 - 56.31 lakhs. Is Cambridge expensive for students? Ans. Yes, the University of Cambridge is generally considered expensive for students due to tuition fees, living costs, and other associated expenses. However, scholarships, grants, and financial aid options are available to help mitigate the costs for eligible students. How much does it cost to go to Cambridge for 4 years? Ans. The expected four-year cost of tuition for members of the class of 2026 who were admitted in the fall of 2022 is $71,364. The anticipated four-year cost of enrollment, including living expenses and personal fees, is $132,625.

Oxford University ranks first in the global subject rankings for humanities and life science. According to QS World University Rankings (Quacquarelli Symonds), Oxford is the second-best university in the world. As per CNBC, it costs above £39,010 (37 Lakhs) to study at Oxford for international students. However, the price may vary as per personal circumstances and course structure.  If you are willing to know how much I need to save to send my child to oxford university? and the costs associated, read the full piece below. Start Saving for Child Education What are the primary University education costs for Indian students? The primary educational costs that you must cover to send your child to Oxford debt-free include -  1. Tuition fee Tuition fees for undergraduate students can range from 15-56 Lakhs at the University of Oxford. The courses like MBA and Engineering have slightly high tuition fees in Oxford. The tuition fee for courses at the University of Oxford CoursesDurationTuition fees (In rupees)Medicine and Healthcare6 years₹17 LakhsMBA1 year - 21 months₹37 - ₹56LakhsEngineering4 years₹21 lakhsScience9 months - 4 years₹16 - ₹36 lakhsArts3 - 4 years₹16 - ₹17 lakhsInformation Technology1 - 3 years₹19 - 23 lakhsManagement13 months - 3 years₹16 - 21 lakhs 2. Application Fee  The application fee at the university is ₹7,169 (£75) for every course. The students must pay this in GBP (British Pound Sterling) by credit or debit card. 3. Student Visa costs If you are planning to stay at the University of Oxford for over 6 months, you will need a student visa. The short-term visa may cost you up to ₹9,000. If you plan to live for an extended period (11 months or over), the cost for the same will be about ₹17,000. 4. Monthly costs of living  The monthly costs of rent, food, stationery, social activities, and personal items at the University of Oxford costs around ₹1,16,187.78. So, you nearly have to save around ₹5,148,845.26 (5 crores) to fund your child’s Oxford dreams. Intersted in taking Education Loans? Ways to Save for a Child’s Oxford University Dreams 1. Tap into scholarships There is an array of scholarships for Indian students to Study at Oxford. One can leverage a scholarship of up to £30,000 per annum. These include Felix scholarship for Indian Students. It enables Indian students to study any undergraduate course at the University of Oxford. It covers 100% of course fees and living cost grants. Chevening Scholarships for Indian students seeking post-graduation at Oxford with good leadership skills. Commonwealth Scholarship and Fellowship plans Oxford and Cambridge Society of India (One can qualify for a scholarship of up to ₹4,00,000) Oxford Weidenfeld & Hoffman Scholarship for PG programs for Indian students seeking to serve their nation. 2. Invest in 529 Fund 529 fund helps one avoid tax on additional educational expenses. One can withdraw money tax-free to cover university and vocational expenses. The fund can be used to finance Oxford studies. Please enquire about the eligibility before leveraging it for a particular university. Using the fund, one can cover expenses like-Tuition fees, stationery, equipment, and room. It does not cover travel or basic living expenses. 3. Apply for education loans Student loans are another alternative to cover your child’s Oxford degree and can be used as a last-minute resort. At Edufund, you can get easy education loans up to 1 cr for your child. This all-digital process offers you low-interest loans with no hidden charges, fast approval, and no collateral for up to ₹75 lakhs. 4. Graduate teaching assistance program The Graduate Teaching Assistance Program is ideal for students pursuing Doctorate or Postgraduate programs at the University of Oxford. It covers a partial tuition fee cost. Instead, he may be paid a salary or internship for the services. It is calculated based on the hours one contributes. It helps cover the university’s educational expenses. 5. Tap into the departmental concessionary fee scheme The University of Oxford provides fee reductions for short-term courses for international students. It is for Weekly classes, Weekend events, Lecture Series, and Weekly Oxford Worldwide programs. It ensures a 50% tuition fee reduction for low-income international guardians. One must be a full-time international student with a UK state benefit. FAQs How much does it cost to study at Oxford University? The cost of studying at Oxford University is different for every course. As per CNBC, it costs above £39,010 (37 Lakhs). The official website has listed that it costs between £28,950 and £44,240 to study at Oxford for international students at the undergraduate level. While the cost of living in the city is approx. £16,560. How much does Oxford cost for international students? The official website has listed that it costs between £28,950 and £44,240 to study at Oxford for international students at the undergraduate level. Whereas for domestic students, it is capped at £9,250. How many Indian students are at Oxford University? According to their website, there are 497 Indian students enrolled at Oxford University. TALK TO AN EXPERT

COVID has increased the cost of studying abroad and impacted the world economy significantly. The increase in the rate of education inflation has thrown budgets off the chart. It caused unprecedented disruption and major changes in the education system.   Although COVID increased the cost of studying abroad, it did not diminish the demand. Student-friendly policies and universities welcoming international students back to campus encouraged this demand. Let’s look at how the pandemic and other economic changes increased the cost of studying abroad and how you can manage it.  Start Investing in Mutual Fund Exchange rate and annual cost hit for Indian students According to a survey conducted by the Indian Government, the education inflation in India rose to 4.12% after the COVID pandemic. In countries like the USA or the UK, inflation rose to 10%, touching an all-time high. This has directly impacted the fee structures as well as the cost of living in these countries.   The pandemic led to a steep depreciation of Indian Rupees against the US Dollar. According to the government data, $1 had a value of Rs. 73.12 as of June 12, 2021. As of 2022, there is a 6.16% decline in the Indian Rupee compared to the US Dollar. Hence, if you had to pay 1 lakh until the previous year, you will have to add Rs. 6,575 to your amount this year.  When it comes to tuition fees, in particular, the annual inflation in higher education in the USA is 8% which exceeds the annual retail inflation.   The National Centre for Education Statistics conducted a survey in which they found out that the average fee for a 4-year degree program in the USA was around Rs. 25,22,000 in 2010-2011 which rose to Rs. 29,91,000 in the year 2020-21. If you consider the example of Harvard University, you will know that the total cost of education for an undergraduate program for one academic year has increased from Rs. 65,38,000 in 2021-22 to Rs. 68,15,000 in 2022-23.  Take Education Loans to Study Abroad Negative financial impact and intention of studying abroad Before the era of the pandemic, the cost of higher education abroad was often more than justified based on substantial long-term economic return on that investment. Tertiary education is considered to have a significant impact on the starting salaries of graduates and lifetime earnings. Getting an education abroad is a transformative experience for students. Also, the experience and income gained are further extended if the students seek temporary or permanent migration to the country.  Despite the existence of COVID-19, 91% of Indian students still choose to study abroad. This survey was conducted by UNESCO during the year 2021. Out of this 91% of students, 71% of them want to move abroad because of better healthcare facilities. The Ministry of External Affairs sent out a report that states that 261,406 Indian students were admitted to a university abroad in the pandemic year 2020. No exchange rate shock for education in the UK or Canada There has been huge volatility in the exchange rates of the Indian Rupee to the British Pound and Canadian Dollar in the last year. But if you compare the volatility on a year-to-year basis, you will not find a significant difference in it. Hence, we can say that the students studying in these countries did not have to face major exchange rate movements and a hike in the tuition fees of the universities.   To counter future exchange rates and sponsor your child’s foreign education, you can invest in global equities, and US stocks and diversify your investments.  While COVID increased the cost of studying abroad, it also revealed how underprepared Indian families are to deal with financial and health crises. Break the cycle, don’t rely on education loans to sponsor dreams. Save for them and invest in tools you trust to create wealth!  FAQs Is it more expensive to study abroad? Yes, generally speaking, the costs of studying abroad outweigh the costs of studying in your home country. There are factors like currency exchange, living expenses costs, accommodation, and even the tuition fees is higher, especially if you are an international student. How does the US recession affect Indian students? Yes, big economic events like the US recession do affect Indian students. They can lead to higher tuition fees and living expenses for students who are on a budget. What was the impact of COVID-19 on the cost of studying abroad? Despite the pandemic and the introduction of online classes, many foreign universities increased the cost of studying by raising their tuition fees. Dalhousie University in Nova Scotia increased their fees by 3%, and the University of Calgary and the University of Alberta increased their fees by an average of 7% for new students.