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When it comes to studying abroad, the top countries that come to light are UK, Germany, and USA. Not many people aspire to study in countries like Netherlands or Norway. There are misconceptions like the cost of studying in the Netherlands is beyond the Indian budget or that there are no programs in English. Reasons to study in the Netherlands! 1. A multicultural and international atmosphere  Why study in the Netherlands is something that some individuals would wonder. But others would argue, "Why not?" if given the chance to relax on beaches, take boat excursions on canals and lakes, take in the beauty of the woodlands, enjoy a beautiful climate, and be where many people with diverse cultures mix.  Students from a wide range of countries are sent to the Netherlands to study abroad. International students attended schools in 157 different nations in 2014–15, with the majority coming from Germany, China, Belgium, Italy, and Spain. International student associations are present at the majority of Dutch universities and support students during their academic careers.  Moreover, the Netherlands is a singular non-Anglophone nation where roughly 95% of the populace speaks English. This makes living, studying, and working in the Netherlands immensely convenient, at ease, and pleasurable for international students. The Netherlands is a similarly free and liberal nation that promotes individual expression. This is strongly recommended throughout your academic career.  2. Inexpensive study fees  Studying in the Netherlands is less expensive than in other English-speaking countries like the UK or the US. In the Netherlands, higher education is financially supported by the government, and tuition is affordable. Due to the well-known high quality of instruction and comparably low cost of living, studying in the Netherlands will give you the most value for your money. Annual tuition fees for a degree program or course at a Dutch higher education institution start at about €1,900 for EU students and €6,000 for non-EU students, depending on the institution.  Also, if you choose to work in addition to your education, you can claim these costs and receive a tax refund. In addition, a lot of Dutch institutions provide grants and scholarships that help fully or substantially defray the cost of the tuition for educational programs.  3. Creative approaches to education  The Dutch educational system is of the greatest caliber, and Dutch institutions are well-known across the world for their infrastructure and curricula that are organized and cutting-edge. The Netherlands' emphasis on teamwork in the classroom makes it simple for international students to interact with both Dutch and other international students.  In Dutch universities, it is highly prized when professors and students form close relationships. Most tutorials and seminars are conducted in small groups of 15 to 30 students. You will complete the majority of your schoolwork in groups, which will improve both your academic and teamwork abilities. Universities in the Netherlands include a lot of practical elements in their degree programs. Universities place a lot of focus on relevant practical experience and have numerous connections with both Dutch and foreign businesses.  Universities of applied sciences, which offer more specialized degrees, are in addition to normal universities. Those who enjoy learning about real-world issues may find a university of applied sciences to be more intriguing. They give more weight to practical experiences and less weight to theoretical and intellectual concerns.  CALCULATE COLLEGE COST FOR STUDYING IN NETTHERLANS 4. Affordable costs of living  When compared to other nations in western Europe, the Netherlands has a relatively low cost of living.  If you are a student in the EU, you are still eligible for a grant of €265 and an OV-Chipkaart for student discounts on weekdays and weekends even if you work 32 hours a month.  There are many websites available for students to use to find dorm rooms. There is a high need for housing, so you should start looking for it right away. Also, many clubs, restaurants, museums, and theatres offer student discounts. A bicycle makes getting around town simple. Not only is this a typical Dutch means of transportation, but it is also reasonably priced. It is without a doubt advisable to request an ISIC student card if you want to benefit from several benefits and savings.  5. English is common as a medium of instruction  In order to draw in international students, the Netherlands is renowned as the first non-English speaking nation where universities began to design higher education study programs in English. In the Netherlands, there are more than 2,100 study programs and courses taught in English that can be completed to earn a bachelor's, master's, Ph.D., diploma, or certificate.  It sounds wonderful to have access to affordable, top-notch education in a range of areas in a multicultural, tolerant country. Nonetheless, if you are from a nation where English is not the native tongue, Dutch colleges do have severe language requirements. If you're an international student, you must take the TOEFL, IELTS, or a comparable English language test. For further information on the prerequisites of the university to which you intend to apply, check their website.  6. Exceptional chances to travel  Due to its geographic center on the continent, the Netherlands is easily reachable from all major European cities. The Netherlands is frequently referred to as the "gateway to Europe." It only takes around an hour to fly from Amsterdam to Paris, Berlin, Brussels, or London. Also, it has excellent rail accessibility and connections to all significant European cities.  Also, the Netherlands boasts a sophisticated and well-connected transportation infrastructure, and several student discounts make travel fairly reasonable. As previously indicated, you can also obtain a student OV-Chipkaart, which grants you access to cost-free public transit, by working 32 hours each month. This makes exploring the entire nation very easy and affordable. You will also enjoy how simple it is to move around on a bike, which is the Dutch people's primary and least expensive mode of transportation. Since there are roads specifically designated for bikers, you can cycle in privacy, security, and tranquillity.  7. Global recognition for degrees  The Netherlands has a long tradition of academic brilliance and is considered a center of knowledge. At Dutch universities, scientific research is highly regarded both domestically and internationally. The educational system in the Netherlands is well-known internationally and adheres to all norms. A degree from a Dutch university provides the opportunity to start one's own business and can be very helpful for developing a successful career in any nation in the world. Some of the most well-known universities in the Netherlands include the Universities of Amsterdam, Leiden, and Utrecht. Consult an expert advisor to get the right plan TALK TO AN EXPERT

One of the biggest financial issues that many students have is solved by getting an education loan. While receiving loan approval lessens the anxiety and worry associated with paying vast sums of money, students are frequently perplexed by the real loan repayment problem. Loan default is not an option because it lowers your credit score. Nevertheless, restructuring the loan is a simple solution to ease the financial load. This can be accomplished by refinancing the student loan, which entails replacing the current loan with a new one. What does refinancing mean? Refinancing student loans is just taking out a new loan at a different interest rate to repay the existing education debt, to put it simply. Refinancing is done to obtain a lower interest rate and further terms and conditions. Refinancing an education loan taken for studying abroad can be a smart financial move. It can lower monthly payments, reduce the overall interest cost and help you simplify the loan repayment process. In this article, we will go over the process of refinancing an abroad education loan and when it might make sense. https://www.youtube.com/watch?v=4gTQkdePOWM Steps to refinance an Abroad education loans 1. Assess your current loan Before refinancing, it's essential to understand the terms and conditions of your existing loan, including the interest rate, loan balance, and remaining duration. This information will help you determine if refinancing is a good option. 2. Shop around for refinancing options  Research different lenders that offer to refinance for abroad education loans. Compare the interest rates, loan terms, and repayment options each lender offers. Consider contacting multiple lenders to compare offers and determine the best option for you. 3. Apply for refinancing Once you have chosen the right refinancing lender, you can begin the application process. The lender will typically require information about your current loan, credit score, and proof of income. 4. Review and approval The lender will review your application and determine your eligibility for refinancing. You'll receive a refinancing offer with the new terms and conditions if approved. Review the offer carefully to ensure it meets your needs and expectations. 5. Sign the refinancing agreement If you accept the refinancing offer, you'll sign a new agreement with the refinancing lender. The new lender will pay off your existing loan and provide you with a new loan. APPLY FOR EDUCATION LOANS Advantages of refinancing an education loan Refinancing an abroad education loan involves paying off your existing loan with a new loan from a different lender. This process can help you take advantage of lower interest rates, better repayment terms, or a more favorable loan structure. Here are some benefits of refinancing an abroad education loan: 1. Lower interest rates  Refinancing your loan when interest rates are lower can significantly reduce the overall cost of your loan. A lower interest rate means you'll pay less over the life of the loan, potentially saving you thousands of dollars in interest payments. 2. Better repayment terms Refinancing can also allow you to select better repayment terms, such as a longer loan term, which can lower your monthly payment and make it easier to manage your finances. 3. Improved credit score  If your credit score has improved since taking out your original loan, you may qualify for a lower interest rate when refinancing. This can result in substantial savings over the life of the loan. 4. Simplified repayment process  Refinancing multiple loans into one loan can simplify the repayment process and make it easier to manage your finances. You'll only have to make one monthly payment instead of multiple payments to multiple lenders. In addition to these benefits, refinancing an abroad education loan may allow you to switch from a variable-rate loan to a fixed-rate loan. This can provide peace of mind, as your interest rate will remain the same over the loan's life, regardless of market changes. When considering refinancing, weighing the potential benefits against any costs associated with the process is important. Some lenders may charge fees for refinancing, so review the terms and conditions of any refinancing offer before making a decision. Consult an expert advisor to get the right plan TALK TO AN EXPERT

As more and more individuals move out, earning a degree from an international university may sound fancy and appear aspirational, but there are expenses associated with it, and handling them is not always easy. Although obtaining student loans is now quite simple, statistics suggest that few people appear to be aware of this. Although more students are traveling to study abroad, there are also more defaulted student loans. The Indian Banks' Association said that as of March 2018, there were around 9% more education loan defaults than there were in March 2016 (7.3%).   Data from the Mumbai-based credit agency CRIF High Mark reveals a rise in the average amount of new loans disbursed annually. The average ticket size for new student loans as of September 2018 was $8,95,000 compared to $7,08,000 at the end of FY18. "Indian demographics favor youth and high academic achievement, which boosts employability. Due to rising educational costs, the majority of students need loans.   The number of students who can obtain employment based on non-immigrant visas for temporary workers is capped under the new H1B visa laws in the US, which is one of the factors contributing to the shrinking of the ability to repay loans. Each fiscal year, there is a cap of up to 65,000 visas, with an additional 20,000 visas reserved for those who have obtained their master's degree from a US university. However, a much bigger number of people apply for the H1B visa. 236,000 applications were received by US Citizenship and Immigration Services (USCIS) in FY17.   Thus, the student's employability has greater significance. The student and the guarantor can experience more financial strain if that market slows down. How to avoid the negative long-term consequences of education loans?  1. Avoid Purchasing a Home  One's capacity to buy a home is severely impacted by student loan debt. In a 2015 survey by Equifax, 55.7% of millennial renters cited "school loan debt/not enough money saved" as their main deterrent to home ownership. Even if you have the ability to make the required monthly payments, paying down student debts may prohibit you from setting aside enough money for the minimum down payment needed by many lenders.  2. Live and work at Home  While some renters cannot afford to buy a home, other millennials with student loan debt, particularly those who reside in large cities like New York, Chicago, or Boston, cannot even afford to rent apartments.   According to Apartment Guide, the national average rent for a one-bedroom apartment in the US will rise from $1,596 in 2019 to $1,621 in 2020. When you have a student loan debt of approximately $30,000, that might be pretty difficult to pay. Many of these young adults choose to stay in the nest since their income is insufficient to cover their rent and school debt repayment.  3. Bringing Down Your Net Worth  Significant student loan debt can undoubtedly lower your overall net worth. There are differences between college graduates with and without student loan debt, according to a 2014 Pew Research Center analysis. A household led by a college graduate under the age of 40 who has student loan debt had a median net worth of $8,700. On the other hand, the median net worth of a household with a college graduate under 40 and no student loan debt is seven times higher, coming in at $64,700.  https://www.youtube.com/watch?v=4gTQkdePOWM 4. Postpone your dreams  Your standard of life and financial independence aren't the only things that are impacted by student loan debt. It also decides which of your dreams you can pursue and which ones will only serve as a faint recollection. You can find yourself forgoing a career with better compensation for one that provides you with a greater sense of fulfillment and purpose.   For instance, you might aspire to work for a charitable organization. But if you find out that the money that comes with it could not be enough to cover your financial commitments, you might have to give that up. In reality, you'll have to give up on these goals in favor of a higher-paying position so you can make your student loan payments.  5. Student loan debt persists Debt from student loans is distinct from other forms of debt. For instance, if a customer can't afford auto payments, they can return the vehicle to the dealer, and if a homeowner can't make their mortgage payments, they can return the keys to the bank. Your student loans are not subject to that rule. Nothing is left to return when you complete the student loan repayment process. Whether you used the money for education or not, it has already been spent.  Conclusion  More students are taking out education loans to pay for their education. It's crucial to understand the repercussions of borrowing money and to be self-disciplined enough to borrow what is necessary before even considering taking out a loan. Make cautious arrangements to repay your loans when you borrow, making sure to account for the earnings you can anticipate after graduation in the sectors that interest you.  Consult an expert advisor to get the right plan TALK TO AN EXPERT

The Norwegian educational experience is one of the best and most rewarding. Located in the heart of Europe, Norway is an affordable place to study abroad. It’s well-connect with the rest of Europe and offers impressive universities and opportunities to its students. Reasons to study in Norway  1. A secure location to study  In Norway, there is not much crime. Very low. There are ten times as many prisoners and eight times as many murders committed each year in the US despite the stark demographic gap. The causes are numerous, but they can all be traced to Norway's political system, which is a social democracy.  Aside from everything else, this indicates that income is distributed more fairly in Norway than it is in some other countries, and Norway is a wealthy country. Most importantly, since social responsibility is a shared responsibility, many see crime as a duty of society rather than a personal failing. Although the details of that rehabilitation are regularly disputed, even among Norway's generous people, the objective is to rehabilitate offenders rather than punish them. Finally, it seems likely that neither crime nor police harassment will taint your years at school in Norway.  2. Free teaching  The majority of higher education institutions are funded by the Ministry of Education and Research, which is another advantage of a nation governed by people rather than a business.  Even so, if you fly internationally, Students, even those from overseas, are not required to pay tuition unless they attend a private university. The expenses will still be low. The student union will charge you a fee each semester (around the cost of a textbook) to cover access to some amenities, but this is nothing in comparison to ordinary tuition costs.  The main qualification in this situation is the high cost of living in Norway. Meals and booze are expensive, and unforeseen expenses like a last-minute cab ticket can severely cut into your monthly budget. The other side of this is that Norwegian wages are very high for graduates in Norway and if you have the time and energy to work while you study.   If you have a limited budget, it's crucial to think about whether attending school in a country with more tuition and a lower cost of living would benefit you more or if you can manage your expenditure and benefit from everything a Norwegian education has to offer.  CALCULATE COST OF STUDYING IN NORWAY 3. Strong English   In Norway, if you ask someone if they speak English, they can first look confused before saying, "Of course!" The majority of Norwegians, especially the younger generations, are fluent in English, and the nation has moved up to third place on the EF English Proficiency Index.  Learning Norwegian is advantageous, especially if you wish to live or work in Norway or communicate with Norwegians. Fortunately, it's not too difficult to learn the language, especially if English or another Germanic language is your first tongue.  4. Tolerant culture  The majority of Norwegians are accepting of LGBTQ+ people and have a laid-back attitude. In fact, Norway is ranked among the top five nations in the world for LGBTQ+ tolerance by the UCLA School of Law Williams Center. The Scandinavian custom of "keeping oneself to yourself" can be difficult for newcomers who are accustomed to saying hello to neighbors and rarely conversing with strangers. Yet, after you get to know some Norwegians, you'll discover that they have a sharp sense of humor as well as the aforementioned caring sense of communal welfare. In actuality, the meaning of the Norwegian word "dugnad" is the local or national community cooperating for the good of all.  The majority of society benefits from Norway's stable economy, which is based on its natural resources. There is a healthy economy with low unemployment and a generous welfare system. The economy is growing well compared to other developed economies, notwithstanding the krone's current weakness. As a result, graduates have a high standard of life and a promising future.  Consult an expert advisor to get the right plan TALK TO AN EXPERT

The USA is considered one of the most expensive destinations in the world. The most popular course is MS in the USA. In this blog, we've covered all you need to know regarding the cost of studying MS in the USA. The number of credits required for the course and the type of university determines how much an MS in the USA costs (private or public).  An MS program must have 30 hours of credit hours as a minimum. The typical cost of pursuing an MS in the USA ranges from USD 30,000 USD to USD 1,20,000 (INR 22.7 – INR 90.9 Lakhs). Additionally, it differs from one institution to another. Top universities in the USA to pursue MS Top UniversitiesTuition Fee in INRHarvard University41.5 lakhsStanford University28 lakhs- 41 lakhsYale University33 lakhs- 40 lakhsColumbia University28 lakhs- 60 lakhsDuke University43 lakhsMIT64.92 lakhsUniversity of California, Berkeley24 lakhsCornell University14 lakhsCalifornia Institute of Technology46 lakhsPrinceton University36 lakhsUniversity of Chicago42 lakhs 1. Cost of living in the USA  Planning to study abroad requires setting up money for living expenditures including rent or mortgage, food, transport, and shopping, among other things. The incidental costs resulting from your lifestyle choices are what make the most impact when you consider how expensive studying in the US may be. Type of ExpenseCost Per Month in INRHousing Expense70,000 - 1.48 lakhsFood Expenses2,200 - 3,000/ mealTravel Expenses7,398 - 22,194Health Insurance33,000 - 51,000Miscellaneous Expenses22,000 - 44,000 2. Cheap universities to study MS in the USA  There are several economical institutions in the United States for students on a tight budget. Here is a list of a few American colleges that charge master's degree candidates tuition that is relatively reasonable: UniversitiesTuition Fee in INRAlabama State University14.22 lakhsUniversity of North Carolina15 lakhsUniversity of Minnesota21.20 lakhsPurdue University10.88 lakhsFlorida State University15.90 lakhs EduFund Cost Calculator Best MS courses to study in the USA The course you choose to take will rely on a number of variables, including your area of interest, potential career paths, the course structure and content, length, and overall cost for an MS in the USA. The following are some of the top programs to enroll in the USA in 2023. MS in Cyber Security MBA Master of Science in Information Systems MS in Computer Graphics Technology Master of Science in Materials Science and Engineering MS in Information Systems Management Master of Science in Data Science Master of Science in Civil Engineering Master of Science in Computer Science MA in Animation 1. Eligibility for studying MS in the USA Depending on the university and course you want to pursue, there may be different qualifying criteria to study MS in the USA. However, the following requirements must be satisfied generally for you to be qualified to pursue your MS in the USA: The candidates must have completed their master's degree at a reputable school in a related discipline with a minimum average GPA of 3.5. Must have a good GRE score. Students from other countries must have passed one of the English language competency tests. TOEFL and IELTS are recommended. As an undergraduate, the candidate must have had relevant professional experience. Experience is said to be gained through field internships Different investment options to fund your child's cost of studying MS in the USA There are several investment opportunities to help pay for your child's MS studies in the United States. Fixed deposits and other traditional products might not be enough to cover your child's educational costs. It is crucial to take other products into account, such as shares, balanced funds, and equity funds. You can select one of the following investment techniques based on your time frame: If your child will want the money within five years, debt mutual funds are the best choice. Such funds have the ability to produce returns that are higher than the rate of inflation while also supplying liquidity. For long-term objectives, you can combine several financial instruments. US stocks and ETFs, gold, equities, and debt are all investment options available to you. Buying stocks gives investors the chance to eventually generate more money, even if exposure to the stock market may be dangerous. One of the best investment alternatives for supporting a child's education is the PPF. To amass significant wealth, you must begin this early and invest consistently. A variety of child-focused services are offered by several insurance companies. When your kid needs the money to pay for higher schooling, you could opt to set more responsible regulations in place. Children's investment plans can assist you in preparing financially for rising education costs, unexpected illnesses, and unfortunate circumstances. As soon as you can, you should start making plans for your child's future. By doing this, the associated risks are dispersed and your assets have more time to grow. Consult an expert advisor to get the right plan TALK TO AN EXPERT

Specially tailored scholarships for MBA in India have been a blessing for students pursuing the Master of Business Administration degree.  MBA is an advanced degree course with a high fee structure that varies between INR 16 lakh to INR 27 lakh for the entire course. Generally, students studying for an MBA degree need financial aid to pay for their courses.  Applying for an MBA Scholarship will reduce education costs and help learners to avoid significant loan debt to a great extent. What is an MBA scholarship? An MBA scholarship is a type of financial assistance provided to students who are interested in pursuing an MBA degree course.  MBA Scholarships are often based on academic scores, overall performance, and financial circumstances of a family because it is difficult to arrange the required amount of money for a common person.  MBA scholarships and fellowships are generally merit-based or identity-based and do not require repayment from the students. This monetary aid acts as a strong incentive for students who are good at studies and want to follow the MBA course but are unable to do so because of the high fee structure. Types of MBA Scholarships in India 1. Institute-based MBA Scholarship Institute-based MBA Scholarships are offered by the MBA institutes. It is based on merit and considers previous academic results and the overall performance of the student during the ongoing degree course. Some of these scholarships are also merit-cum-need based as it considers both academic records and the need for financial aid of the student pursuing an MBA degree. 2. Corporate-sponsored MBA Scholarship Corporate Sponsored MBA Scholarship is offered by companies at reputed institutes. These are often started by alumni students who want to help aspiring students in getting an MBA degree.  3. Bank-sponsored MBA Scholarship Bank Sponsored MBA Scholarships are offered by specific banks to students who have excelled in their studies and whose family income does not exceed more than INR 6 lakhs per annum.  4. Government-sponsored MBA Scholarship Government Sponsored MBA Scholarships are provided by government-led institutions like IIMs to aspiring MBA students who belong to backward classes like ST, OBC, or SC. MBA scholarships in India: List of Top 5 Scholarships 1. PNB Housing Finance Protsahan Scholarship PNB Housing Finance Protsahan Scholarship, offered by PNB Housing Finance Limited, is a merit-need-based scholarship program for 1st-year students enrolled in MBA/PGDM study courses.  The application timeline is December to February, and the scholarship amount is INR 2 lakhs. Applicants with a family income of less or equal to INR 8 lakh and minimum marks of 65% in class-12 and UG studies who want to study in either BIMTECH (Greater Noida), IMT Nagpur, or Indira Institute of Management, Pune can apply.  2. Aditya Birla Group Scholarship Aditya Birla Group Scholarship is a corporate-sponsored MBA scholarship offered by Aditya Birla Group for students who want to pursue an MBA degree at IIMs Ahmedabad, Bangalore, Calcutta, Lucknow, Indore, Kozhikode, Indore, Shillong, and XLRI Jamshedpur.  The top 20 students, based on the ranking of entrance exams, can apply for this INR 1.75 lakh MBA scholarship. 3. IDFC First Bank Scholarship IDFC First Bank Scholarship is a need-based bank-sponsored MBA scholarship offered by IDFC First Bank to students enrolled in the 1st year of a full-time MBA study course.  Only students with an annual family income of equal to or less than INR 6 lakhs who want to pursue the course in the list of colleges given by the program can apply. The financial aid is INR 1.0 lakh per annum throughout the MBA program.  4. IIM Ahmedabad MBA Scholarship IIM Ahmedabad MBA Scholarship provides several scholarships to aspiring students. IIMA Special Needs Scholarship is for students pursuing a postgraduate program with a family income below INR 15 lakhs.  The financial aid for each applicant is determined by the IIM-A authorities based on several criteria.  5. IIM Bangalore MBA Scholarships IIM Bangalore MBA Scholarships are offered to PGP students with a family income of less than INR 6 lakhs.  Citi Women’s Leader Award is a scholarship program in IIM Bangalore only for girl students studying for the MBA course. Students are selected at the end of 1st year from the top 25% in their class. The final call is taken by CitiGroup after one-on-one interviews with the ambitious students.  Conclusion  An MBA degree is not just a degree course but a promise of a good career for aspiring students, but it comes at a great cost as the degree is very expensive. Scholarships for MBA in India help to fulfill the dreams of many students deserving a better chance at life through the study course.  Consult an expert advisor to get the right plan TALK TO AN EXPERT

When it comes to quality education, Indian parents leave no stone unturned. To safeguard your child’s future against all odds, you need a child investment plan. With the growing cost of education, saving for multiple goals like school, higher education, college, marriage, and house, and keeping up with different education needs like gadgets, school trips or books is becoming harder for Indian parents.   A child investment plan helps you manage all these expenses timely and seamlessly. It helps you create a solid plan based on your child’s unique goals. With a good child investment plan, you not only secure their tomorrow but you save money in terms of taxes and reduce the looming threat of financial stress on your family. In this blog, we cover all you need to know about child investment plans and how easy it is to secure your child’s bright future!   Child investment plans guide Chapter 1: Best Child Investment Plans in 2022   Chapter 2: Importance of child investment plans   Chapter 3: Benefits of child investment plans   Chapter 4: The right time to invest in child investment plans   Chapter 5: Key milestones to plan for child investment plans   Chapter 6: Types of child investment plans  Chapter 7: Child investment plan calculators    Chapter 8: How to choose the right child investment plan Best child investment plans There is no better gift that a parent can give to their child, than the promise of a secure future. There are critical aspects that a parent should never ignore like the rising cost of education, stationary, books, medical expenses, etc.  Here are some of the best-saving child investment plans:  UTI CCF – Investment Plan – Growth Direct child plan Tata Young Citizens’ Fund Direct-Growth child plan HDFC Children Gift Fund Direct Plan child plan Axis Children’s Gift Direct No Lock in Growth child plan SBI Magnum Children’s Benefit Fund Direct-Growth child plan Aditya Birla Sun Life Bal Bhavishya Yogna Direct-Growth child plan LIC MF Children Gift Fund Direct Plan child plan 1. UTI CCF – Investment Plan – Growth Direct child investment plan  The fund is investing predominantly in equity and equity-related instruments across market capitalization. The fund has invested 98.21% in stocks, 0.12% in debt, and the remaining 1.66% in cash. The fund has a diversified portfolio that consists of 55 stocks. The fund follows a growth style of investing which means that the fund invests in stocks with high growth potential. The fund has given consistent performance over the period. Parents who want to invest in a child investment plan can consider this as one of the options.  Invest now 2. Tata Young Citizens’ Fund Direct-Growth child investment plan   The fund is investing predominantly in equity and equity-related instruments across market capitalization. The fund has invested 97.88% in stocks and 2.12% in cash. The fund has a diversified portfolio that consists of 55 stocks. The fund has given consistent returns with lower volatility. Parents can consider this plan as one of the child’s investment options to save for their child’s future.  Invest now 3. HDFC Children Gift Fund Direct Plan child investment plan  - (HDFC investment plan for child) The fund is investing has invested in different asset classes including equity and debt. The fund has invested 66.88% in stocks, 24.67% in debt, and the remaining 8.45% in cash. The fund has a diversified portfolio which consists of 46 stocks and 16 bond holdings. The fund follows a growth style of investing which means that the fund invests in stocks with high growth potential. The fund has given consistent performance over different trailing periods.  Invest now 4. Axis Children’s Gift Direct No Lock in a Growth child investment plan   The objective of the fund is to generate income by investing in debt & money market instruments along with long-term capital appreciation through investments in equity & equity-related instruments. The fund has invested 70.08% in stocks, 18.84% in debt, and the remaining 11.08% in cash. The fund has diversified its investment in different asset classes to minimize the risk and maximize the returns. The fund's focus is to reduce volatility and enhance returns.  Invest now 5. SBI Magnum Children’s Benefit Fund Direct-Growth child investment plan  The objective of the fund is to provide the investors an opportunity to earn regular income predominantly through investment in debt and money market instruments and capital appreciation through an actively managed equity portfolio. The fund has invested 22.25% in stocks, 48.05% in debt, and the remaining 29.67% in cash. The fund has very low volatility as the major portion of the money is invested in debt and debt-related instruments. Also, the fund holds AAA-rated quality bonds. The fund is good to invest for a child’s future as the volatility is low and has delivered good returns.  Invest now 6. Aditya Birla Sun Life Bal Bhavishya Yogna Direct-Growth child investment plan   The investment objective of the Wealth Plan is to seek the generation of capital appreciation by creating a portfolio that is predominantly investing in equity & equity-related securities and debt and money market instruments. The fund has invested 98.64% in stocks and 1.36% in cash. The fund has invested across sectors and follows a growth style of investing with a major portion invested in large-cap companies. Parents planning to save for their child’s future can consider investing in this fund.  Invest now 7. LIC MF Children Gift Fund Direct Plan child investment plan - (One-time investment plan for child in LIC)   The primary investment objective of the fund is to seek to generate capital appreciation & provide long-term growth opportunities by investing in a portfolio constituted of equity securities & equity-related securities and the secondary objective is to generate consistent returns by investing in debt and money market securities. The fund has invested 86.36% in stocks, 3.82% in debt, and the remaining 9.82% in cash. The fund is a consistent performer and has delivered good returns over the period.   All the above-mentioned plan has a lock-in period for investment for children having a lock-in for at least 5 years or till the child attains the age of majority, whichever is earlier. This also provides you consistency in your investment journey.  Invest now *Disclaimer: This is not investment advice Importance of child investment plans Child Investment plans for children help you and your child prepare financially for growing education costs, unanticipated illnesses, and bad circumstances. Planning for your child's future must begin as soon as feasible. This lengthens the time frame over which your assets can increase and balances the associated risks.   1. Funding for children's education  As your child gets older, a significant portion of your resources will go into paying for your child's education, thus preparing for higher education is essential for guaranteeing their future. You may generate the money required so that your child can follow their ideal job by investing in their education. With college costs increasing, every day matters when it comes to being financially prepared for your child’s education. Get in touch with our experts at EduFund and you can save up to 2.5 Cr by starting today.   2. Flexibility to withdraw part of funds  By selecting a child investment plan that gives you the freedom to withdraw funds as per your kid's requirements, you may easily access a portion of your funds while the remainder of your investments continues to grow.  3. Protection against uncertain times  Many kid insurance policies have advantages including premium waivers. This makes it such that, in the sad event that anything bad happens, future premium payments won't be necessary. The investment yields a lump sum payment upon maturity and grows without the requirement for premium payments. This guarantees that no matter what, your child's dreams are protected.  4. Different investment options for your child  Fixed deposits and other traditional products might not be enough to cover your child's college costs. Other products like equities funds, balanced funds, and shares should be taken into account. You can select one of the following investment strategies depending on your time frame:  The best option is debt mutual funds if your child will need the money within five years. Such funds can provide liquidity while producing returns that are more than the rate of inflation.  You can mix several financial products for long-term aims. You have the option of investing in gold, stocks, and debt. Although exposure to the stock market is hazardous, investing in equities gives investors the chance to generate larger profits over the long run.  PPF is one of the greatest investment options for financing a child's education. To establish a sizable corpus, you must begin this early and invest steadily.  Numerous insurance providers provide a range of kid-focused solutions. When your child needs the money to pursue further education, you may choose to implement more mature policies.  5. Investment strategy for children's investment plan  List concrete objectives from the outset, such as the child's desired schooling and associated fees. This will enable you to estimate how much you can afford after paying all of your usual bills and how much you need to save each month. You must keep in mind, though, that loans can also be used to pay for education. Saving for your child's education does not, therefore, require you to forgo other expenses like healthcare and retirement. Reduce your stock exposure as the financial objective approaches to lower the chance of negative market moves. Benefits of child investment plans 1. Financial security   Savings plans for kids offer a lump sum payout in the form of the claim amount in the event of an unexpected circumstance. The plan is still in effect, and the life insurance company is responsible for all future premium payments. The payoff received after the insurance period guarantees that your children's wishes will always come true.  2. Tax benefits   Additionally, these plans provide Section 80C tax advantages on premiums paid up to INR 1.5 lakh in a fiscal year. According to Section 10(10D) of the Income Tax Act of 1961, the pay-out received after the policy term is likewise tax-exempt.  3. Education costs benefits   Almost all parents, when asked about their top worry for their child's future, will quip about how expensive schooling has become in the modern world. It costs money to send your child to a decent school. Additionally, as the years pass, your child could opt to pursue other education that would cost the earth. Your financial load will be lessened if you make wise financial decisions and enroll in a kid insurance plan that matures throughout these seasons.  4. Withdraw part of the funds  After the policy term, child plans provide maturity benefits in the form of a lump payment. You may choose a maturity date based on how soon your child will require money in the future. Your investment accumulates a tidy corpus over the course of the term, which is sufficient to pay for your child's dreams.  5. A habit of saving  As we have indicated, childcare plans offer the benefits of both insurance and investment. Go back to your financial plan before purchasing a child care plan and estimate your financial needs at each stage of life. Determine the expenses you are saving for, such as elementary and secondary education, college, a wedding, etc. Additionally, evaluate your other obligations, such as a mortgage, and decide on an insurance plan that perfectly complements your financial strategy. Although it may at first seem like a nuisance, making regular premium payments will eventually become a habit that will serve you well as your child becomes older.  The right time to invest in child investment plans    The best time to start investing is right now since there are several advantages to beginning early. The sooner you begin investing, the more you can eventually give your kids. Your biggest ally is time, so even if you just save a tiny amount today, it will eventually grow into a sizable corpus.   The power of compounding should be fully utilized in order to maximize the profits that will be created on any current investments you make. Starting to save for your children as soon as possible is a wise move. You may make sure that every monetary element of their lives is taken into consideration in this way. But it's never too late to start saving. Even if you start saving while your kids are young (1 to 8 years old), you can amass enough money to support them as they age and their expenditures rise.  Here are some factors to help you determine the right time to invest in child investment plans:    a) Time Horizon When do you need the invested money and how long can you stay invested? Based on your time horizon and risk assessment you can take the help of a financial advisor to figure out the best child investment plan for your child’s needs. The benefits are often larger the longer the time horizon.  b) Risk Assessment What is your risk appetite? This is a very common question every investor should ask themselves before investing their money in any investment. Are you risk-averse or are you willing to take a risk? Based on your answer, you can figure out the best investments.    c) Cost of Education The average cost of your child's future education must be considered as the second element. Costs for postgraduate education are sometimes greater than those for graduation, however, this varies per school. You should also think about whether you want your child to have a local education or a global education. You could also consider your child's graduation in your own nation as well as their subsequent post-graduation in a foreign nation.  Key milestones to plan for child investment plans  There are key milestones that you need to focus on when planning your child’s investment plans. What do key milestones mean? It means certain events for which you need to be financially prepared like your child’s school, college and marriage. It is important to keep these events in mind before allocating funds toward a child investment plan.   1. School  When budgeting and preparing their investment for their child's education, parents should expect the primary school tuition price, and expenses like uniforms, books, extracurricular activities, transport fees, yearly vacations, picnics, etc., to be between (INR 1.25 - 2 lakh per year).  2. Higher education  The yearly cost of study and living is the first and most important element that one has to take into account before enrolling in college. Universities offer housing on their campuses for both domestic and international students. However, if the institution you have selected to attend does not provide this amenity, you may simply obtain personal accommodations. Following is the estimated cost of studying UG and PG courses from India and abroad:   Govt Colleges in India will cost around Rs 5-6 lakhs.  Private Colleges in India will cost around Rs 8-10 lakhs.  Studying Abroad can cost up to INR 1 crore.  3. Marriage  Although it is stated that marriages are created in paradise, they take place on Earth and require a lot of money to make them memorable. You arrange your "Big Day" to be a special occasion for both you and the family that attend the ceremony. The Indian wedding market is presently worth over Rs. 1,000 crores and is expanding quickly, at a pace of 25–30% annually. The average cost of a wedding in India ranges from INR 20 lakhs to 5 crores. According to estimates, the average Indian spends one-fifth of his lifetime earnings on his wedding. Also, you need to assemble a skilled team, including event planners, florists, caterers, and fashion designers, to make your special day extraordinary. Types of Child investment plans for girl and boy child There are several types of child investment plans to consider your child’s unique goals. Based on your risk assessment, time horizon, and your child’s education goal, you can choose one or more child investment plans to give your child an edge. Here are the different types of child investment plans you need to consider:   1. Sukanya Samriddhi Yojana  Sukanya Samriddhi Yojana is a unique child investment plan for parents of a girl child. This is offered by the Indian government to encourage parents to save and invest in their daughters early on. The main objective of the SSY program is to encourage parents to make substantial financial commitments to a strategy for their daughters’ future education and marriage.  Parents who have girls under the age of ten can invest in the SSY program. The SSY program investment is locked in for 21 years post-account opening. After the account is opened, the parent is allowed to invest for a total of 15 years. Investments made in SSY accounts are eligible for tax deductions under Section 80C of the Income Tax Act of 1961. Each year, a minimum investment of ₹250 must be made, and a max investment of ₹1,50,000 may be made. SSY accounts can be opened and utilized at any location of an accredited bank or the India Post Office.  2. Equity Mutual Funds  When your child is still small and you have at least 15 to 20 years till retirement, it is excellent to begin investing in equities mutual funds. This enables you to withstand shocks like stock market collapses and volatility. Equity investing is not for everyone since it demands technical expertise and the capacity to keep current. To choose equities mutual funds is, therefore, the better option.   These are managed by professionals who are aware of how to choose the least hazardous stocks while still making sure that your money grows over time. You may put together a portfolio of equity mutual funds just for your child's schooling. When your child is 4 or 5 years old, you may accomplish this by creating an account specifically for children and choosing Systematic Investment Plans (SIPs) in risky products like equities mutual funds. Then, when you and your child become older, you can take a more conservative approach.  3. Public provident fund (PPF)  Parents continue to favor PPF even after the government lowered interest rates on provident fund accounts. Because you cannot take the corpus until the conclusion of the 15-year maturity period, PPF deposits promote discipline. You may build your corpus for educational purposes because the principle, interest, and total maturity amount are all tax-free.  You may rest certain that your money is secure because the government backs PPFs. However, because PPFs' official interest rates have already decreased, relying only on them can result in a cash flow problem. Build your portfolio to provide larger returns to prevent this. For your child's future, choose a well-balanced investment portfolio that includes both PPFs and Unit Linked Insurance Plans (ULIPS).  4. Direct Equity  Direct equity, sometimes referred to as stock investing, is perhaps the most effective investment strategy. You get a stake in a company when you buy stock in it.  You are personally responsible for funding the business's growth and advancement. You need to have the necessary time and market knowledge to make money from your investment.  Publicly traded companies provide their stocks on reputable stock markets. Stocks are the finest long-term investments. You must actively manage your assets since several economic and commercial factors influence shares. You must also be aware that profits are not guaranteed, and you must be willing to assume the associated risks.  5. Fixed Deposits  Banks and other financial organizations provide FDs as one sort of investment. You earn a fixed rate of interest for a predetermined amount of time after making a deposit. Compared to mutual funds and equities, fixed deposits offer complete capital protection and guaranteed returns.  You give in, though, since the rewards remain the same. The banks establish the interest rate on fixed deposits by the RBI's policy review decisions, and it changes depending on the status of the economy. Despite being typically locked-in investments, fixed deposits are commonly accepted as collateral for loans or overdraft facilities by investors. A fixed deposit with tax advantages and a 5-year lock-in is also available.  6. Employee Provident Fund  The EPF is one of the investment vehicles geared toward retirement, and it enables salaried individuals to take advantage of a tax credit under Section 80C of the Income Tax Act of 1961. EPF contributions are often provided by the employer in addition to employee deductions that are typically made as a percentage of monthly wages.   Once it reaches maturity, the EPF withdrawal corpus is entirely tax-free. The Indian government also determines the EPF rates each quarter and provides a guarantee on your EPF deposits.  7. US stocks  By purchasing US stocks, you may gain exposure to the most well-known brands, like Nike, Starbucks, and other well-known companies like Tech Giants Google, and Apple. These businesses are well-known and present around the world. You may diversify your portfolio by investing in such businesses. Over the previous five years, the US dollar has increased. You acquire US Dollars when you invest in US stocks. When these assets are kept for a lengthy period, the value of your investment rises about the USD exchange rate.  8. National Pension System   The National Pension System is a more modern alternative for tax-saving investments (NPS). NPS plan subscribers must stay committed until retirement and can anticipate higher returns than those from PPF or EPF. This is true since the NPS offers plan choices that include stock investments. A portion of the tax-exempt NPS maturity corpus must be utilized to purchase an annuity that will give the investor a regular pension.  Child investment plans calculators   By using different child investment plan calculators, you can prepare yourself for the increasing cost of education. Child investment plan calculators like the mutual fund, SIP calculator, lumpsum calculator, and step-up calculator enable parents to make informed decisions about their child's investment plans. These calculators will help you figure out how much you need to save every month and your one-time investment based on your investment choice. Let’s find out in detail how child investment plan calculators work.  Mutual fund calculator?    A mutual fund calculator is used to calculate and estimate the returns yielded via investing in mutual funds. There are two ways in which you can invest in mutual funds – Lumpsum (one-time investment method) and SIP (systematic investment at pre-decided intervals).   Lumpsum investment calculator?   When you invest in a mutual fund through the lump sum method, it means a single, bulk amount has been invested into a mutual fund scheme in one go. The user must enter the investment amount, duration, and expected return rate to get the estimated future value of the investment. The calculation is based on the following formula:   Future Value = Principal * (1 + r/100)^n where:   n = duration of the investment   r = Rate of return   For example, if you have invested a lumpsum amount of ₹50,000 in a mutual fund scheme for three years and have estimated the rate of return at 8% per annum, the future value of your investment is ₹62,986. Systematic Investment Plan (SIP)?   SIP is a method of investing in mutual funds that enables an individual to invest a fixed amount in a mutual fund scheme at regular intervals (monthly, quarterly or semi-annual) instead of making a lump sum investment. The amount can be as low as ₹500 a month depending upon the selected fund. The aim of investing in mutual funds through SIP is to create wealth in the long run and to invest systematically over a long period.   SIP Calculator?   The SIP calculator helps estimate the returns you would earn on your SIP investments. The user must enter the SIP frequency (monthly, quarterly, or semi-annual), the amount to be invested in each SIP, the investment duration, and the expected return rate to get the estimated future value of the amount accumulated at the end of the SIP tenure.   The calculation is based on the following formula:   FV = P [ (1+i)^n-1 ] * (1+i)/i where:   FV = Amount you receive upon maturity   P = Amount you invest at regular intervals   n = Number of payments you have made   i = periodic rate of return   Suppose, you invest ₹500 per month for 12 months at an annual rate of interest of 12%, the monthly rate of return will be 1% (which is 12% ÷ 12). Hence, the estimated future value of the amount accumulated at the end of the SIP tenure is ₹6405. How to choose between Lumpsum or SIP investment?   Both are great tools of investment for all types of investors. If you have a surplus and wish to invest the amount in a well-researched fund then the lumpsum tool is a great idea, it allows you to pool your money immediately. Another method is SIP which is extremely useful for investors with limited resources. It allows you to invest small sums of money at pre-decided intervals in a chosen mutual fund. The greatest benefit of investing via SIP is that it builds wealth in the long, and gives you the flexibility to choose the amount you wish to invest and your chosen timeline.    Another benefit of SIP investment is that you can stop it at any given moment or increase the amount if you have a surplus. A SIP investment works as a reverse EMI option where you have the flexibility to invest a portion of your income into your chosen fund and cultivate a disciplined manner of investing.    Suppose you wish to start saving for your child’s higher education and do not have a surplus amount to start with. This is where a SIP comes in, it allows you to invest a nominal amount in one or many mutual funds so that you do not miss out on the opportunity of saving and investing for your child’s future.    Investors can opt for both tools. You can start a SIP and place lumpsum orders on certain funds whenever you have a surplus of funds so that you can achieve your goals faster and more efficiently. Step-up SIP calculator?   Step-up SIP, also known as top-up SIP, is an automated facility through which SIP contributions can be increased by a predetermined amount, or a fixed percentage, at periodic intervals in sync with your financial goals and level of income.    Step up Sip calculator gives you the future value of your SIP investments, increasing periodically by a given percentage. The user must enter the SIP frequency, amount to be invested in each SIP, investment tenure, the growth percentage of SIP investment, and the expected return rate to get the estimated future value of the amount accumulated at the end of the tenure.   If you want to step up your SIP in the future, it's important to activate the option on your chosen fund and find the minimum SIP amount you may need to invest if you want to avail of this option in the future. For example, most funds allow you to activate the step-up SIP option if you invest a certain amount recommended by the fund. This is a great method to periodically increase your investments as your income appreciates and your goals shift.    A college cost calculator powered by EduFund is another tool to help with a child's investment plans. The college cost calculator helps you as a parent to find out the future cost of studying and living in a new country and city. For instance, you want to send your child to the US to study MBA in 10 years. Fill out these details onto the college cost calculator and the calculator will tell you the exact cost of studying 10 years from now.   It accounts for inflation and increases in fees to help you save for the right amount so that your child’s dreams can soar high! Stop guessing, click here to find out how much you need for your child’s college. College cost calculator How to choose the right one-time child investment plan?  Choosing the right child investment plan is the toughest decision you will make as a parent. To help you simplify this process, here is a small checklist to guide you:  1. Know your financial goals   You may have multiple goals to achieve. But prioritize the goals that are important for you and have to be achieved within a restricted timeline. Always know what you are saving for. Remember to quantify your goal. How can you quantify the goal? Know what you are going to be spending on that goal by adjusting for inflation for the time period when you will be achieving that goal. In this case, the goal would be the child’s education. Now knowing what costs you are going to incur for your child’s higher education can be easily determined by using EduFund’s College Cost Calculator.   2. Find out your risk profile   Based on the phase of life you are in and the career stage you are in, you can figure out your risk profile. Usually, the risk profile can be determined by knowing what is time left for achieving the goal. Usually, short-term goals comprise less risky investments whereas long-term goals comprise very high-risk investments mainly for long-term capital appreciation.   3. Know your investment horizon   Always know what is the timeline for your investments. By knowing the time you have left for your investments, you can always plan better to have a proper time frame for your investments. Having a set timeline helps you prepare well in advance to make your investments and helps you achieve the goal more efficiently by knowing what amount you have to set aside periodically to achieve your goal. For example, equity-based investment options are suitable for long-term investment horizons, whereas debt-based options are better for short-term investment options.   4. Analyze different investment options   Always perform a thorough analysis of any investment option before putting your money in it. Just don’t invest in any fund or instrument purely based on past performance. Other factors to consider while evaluating investment options are fundamentals of the fund, underlying asset or portfolio holding of the fund, cost of investing or expense ratio of the fund, downmarket capture of the fund, etc. All this will help you know the suitability of the fund for your portfolio.   5. Have a goal-based planning approach   Having a goal-based planning approach helps you tick all the boxes at once. It helps you plan your investments in such a way that it creates a well-diversified portfolio with proper periodical rebalancing to help reduce the overall portfolio volatility. A goal-based plan, takes your investment objective, risk appetite, time horizon, and your disposable income into consideration and    6. Have an exit strategy   Have a well-planned exit strategy. If you don’t have proper liquidity at the time when you actually need the money, then you fall short of achieving your goal! But when you have a properly planned exit strategy, it ensures that one, your portfolio doesn’t have high volatility towards the end of your investment horizon, and two, your portfolio has the liquidity to achieve the goal you have planned for.   7. Choose the right investment advisor   Are you still confused with all this jargon? Do not worry! This is when an Investment Advisor comes in to help you achieve your goals and make the entire investment journey smooth for you. An Investment Advisor understands your goals, your timeline, your requirements, etc, and formulates a customized plan to get you closer to achieving your goal. The Advisor also periodically rebalances your portfolio so that your investments do not face very high risk and volatility. Choosing the right Investment Advisor can be a deal breaker for you to achieve your financial goals, so make the right choice after completing the evaluation. FAQs How to plan investment for a child?  To plan your child’s investment, you need to find out your financial goals and create a plan to achieve them. Figure out what, when, and where your child wants to study, find out the cost using the College Cost Calculator, and then pick a variety of recommended funds to meet your goals faster. You can also reach out to an investment advisor and plan investments for your child with expert guidance and monitoring.  How do I secure my child's future?  To secure your child’s future needs and ambitions, you need a child investment plan. The cost of raising a child is increasing every year and a majority of this expense goes toward quality education. As costs hike up, the need to invest and save needs rises as well so that your child is not left behind.   How do I plan for my child's future?  You can plan your child’s future by setting your financial goals and creating a concrete financial plan to achieve them. One way is to start a SIP in a chosen investment plan to give your child an early start.   How do I save money after marriage?  After marriage, the best way to save money is to start budgeting and investing routinely. Whether it's investing Rs. 100 or 1,00,000, starting a habit of investing every month can help you save better. If you are planning to start a family then start saving through SIPs for your child’s education needs. You can start a small SIP of R.s 200 or 2000 and watch it grow over the years.   How do I save money for my son?  To save money for your son, you can start a small SIP in a chosen investment based on your goals, time horizon, and risk profile. You can connect with a financial advisor on EduFund or use the College Cost Calculator to customize your child's investment plan based on the future cost of education and living expenses for your child’s favorite course What is the minimum amount of investment required?  The minimum amount for investment is Rs. 100 for SIP and Rs. 500 for lumpsum in mutual funds. Different mutual funds have different criteria but the minimum amount is generally low and investor-friendly to encourage more investors to secure their family’s future. What documents are required for starting an investment plan?  To start investing you need to be 18 years of age, must have a bank account, and must have an ID card (Aadhar card in India) and a PAN card to open an account. Once your KYC is complete and approved, you can start investing in India.   Quality education is the key to a successful career and life, so don’t compromise your child’s education. Start investing in child investment plans so that your child can dream big and achieve bigger!     Consult an expert advisor to get the right plan TALK TO AN EXPERT

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

Education loans for MBAs in India can be easily found but applying for them is harder than you think. The process is rigorous and time-consuming. Here is everything you need to know about education loans for MBAs in India before you start preparing for your application.   Want help with your loan application? Click here to connect with our experts and apply for loans with multiple banks with one application!  Why an MBA education loan? MBA is considered one of the most expensive and career-altering courses in the world, it can cost you anywhere between 10 to 40 lakhs! Many students opt for an education loan for this program. This is because an education loan is an easiest and most efficient way to finance your MBA program without any added financial stress. It allows you to complete your education and start paying for the loan after the course is over. The interest rates are reasonably designed to help students and professionals pay off their loans over a period of time. https://www.youtube.com/watch?v=4gTQkdePOWM Advantages of taking loans for college  Boost your pocket: An MBA school loan can make it possible for you to complete a degree that you otherwise might not have been able to afford.  Don’t miss opportunities: Without taking out a student loan, many students would be unable to pay the MBA course cost. It is a crucial investment that can boost your professional standing and open up new development prospects for you.  Nearly all of the expenses you'll pay while completing an MBA will be covered by your student loan, which offers almost 100% coverage.  Affordability: An MBA program might cost thousands of rupees. At IIMs, tuition prices range from INR 13 lakhs to INR 23 lakhs. The leading business schools charge between INR 10 lakh and INR 20 lakh in tuition. The cost of the student's personal expenses, project costs, and dorm fees should also be included. Therefore, if you want to feel confident and at peace, while enrolled, paying for an MBA program is just as important as being admitted. Alternative methods of Achieving Dreams  A spot in one of the best MBA colleges in India requires funding the program, which is a difficult task given the high cost of the curriculum. Therefore, whether an MBA is given in India or abroad, managing the program's funding through educational loans is the most common and effective option. List of National Banks that Provide MBA Education Loans  MBA education loans are available from a number of major banking organizations at competitive interest rates. Below are a few of the most important student loan programs offered by various financial organizations that can assist you in paying for your MBA programs:  State Bank of India  Canara Bank  Dena Bank   Punjab National Bank   Union Bank of India   Central Bank of India List of private banks and NBFCs providing loans for MBA education  In addition to the above-mentioned public institutions, one should look at what private banks and NBFCs have to offer. the following have been mentioned:  ICICI Bank   Axis Bank   Kotak Mahindra Bank  Charges paid for by Education Loan  Education loans help you cover a variety of expenses. From lab fees to tuition fees, they can help you cover financial woes easily. However, these loans only cover educational costs and are not for personal use. Some of the expenses paid for by the education loan are:  Fees due to the hostel and the college  Examinee costs  Library fees  Laboratory costs  Traveling costs (if pursuing MBA abroad)  If applicable, the student's insurance premium  Buying a laptop (if required for the course)  Other costs, such as travel for research, project work, or a thesis  Acquisition of books, tools, and instruments  Building fund, refundable deposit, and caution deposit  If you want to know how much loan you need to take and your eligibility, check it out here.  Documents needed to apply for an MBA Education Loan  Address and age verification if you do not already have a bank account  copies of the qualifying exam score reports (CAT, GMAT, IELTS, TOEFL, and others)  A schedule of the course's costs (course prospectus where the course fee is mentioned)  Statement of the borrower's or co-bank borrower's account for the previous six months  Income tax assessment orders for students or parents that are no older than two years  A concise list of the borrower's assets and liabilities  Copy of a passport Loan application in bank format  Evidence of enrollment in the course (in India or abroad)  Passport-sized pictures  Don’t let finances stop you from achieving your dreams, get an education loan to pay for your college with us! Consult an expert advisor to get the right plan TALK TO AN EXPERT

Do you intend to study abroad and are an Indian student? There are many financial avenues to achieve this goal. Here are 7 Indian scholarships that help Indian students turn their dream of studying abroad into a reality.  Indian government provides financial aid to Indian students who want to pursue their aspirations of studying abroad. Some well-known Indian government scholarships for studying abroad are given below. Let's start!  1. Fullbright-Nehru master’s scholarships  The Fulbright- Nehru Master’s Fellowships can be claimed by talented and determined Indian scholars with applicable work experience. These scholars need to display significant rates of leadership, in addition to work experience and academic qualifications.  It's a merit-grounded and need-grounded program offered by the United States- India Educational Foundation. Please note that the quantum is variable and can be renewed yearly.  Coverage of accident and sickness costs as per the United States government guidelines. also, this education also funds the round-trip frugality class chow.  scholars who have completed a degree fellow to the United States bachelorette’s degree are eligible to admit this education. This includes the completion of a four-time bachelorette’s program, master’s program, or postgraduate parchment. 2. Great Wall Program  Learn about The Great Wall Program if you're interested in pursuing higher education in China. You can achieve it with the help of this scholarship.  You should be aware of a few things regarding this government scholarship for studying abroad. Among them are:  First, this scholarship will cover the cost of tuition, a regular stipend, health insurance, and housing.  Second, applicants for this scholarship must be under 45 years old and have a bachelor's, master's, or comparable degree.  Last but not least, UNESCO created this government scholarship program for academics and students looking for financial support to study and conduct research in China. 3. The JN Tata Endowment Scholarship  If you want to pursue a degree at a global university, you are eligible for this government award for students.  Depending on whether the student meets the eligibility requirements, the scholarship amount may range from INR 1,000,000 to INR 10,000,000.  A gift scholarship worth INR 75,000 can also be suggested for students. Based on the student's academic standing at their university, gift scholarships may be given. However, you must pay back the scholarship money in equal payments of 20%. Repayment can start if you're a resident between both the third and seventh years of your stay. You will have to start paying back the government scholarship money if you start working before your third year.  4. Aga Khan Foundation International Scholarship Program  Students have a wonderful opportunity to study at institutions in Portugal, France, the United Kingdom, Canada, and the United States thanks to the Aga Khan Foundation Scholarships. As a result, it is among the most sought-after government scholarships offered by India for international study.   Even so, when applying for this govt full scholarship overseas, there are some points to bear in mind. Students who apply for this award will receive a 50/50 loan and grant. Most applicants for the master's programs are given preference. However, you might need to look into other scholarship options for short-term programs like certifications and postgraduate degrees.  The demonstration of continuous intellectual effort and achievement is one of the qualifying criteria for this scholarship program.  5. Lady Meherbai D Tata Education Trust Scholarship  The Lady Meherbai D Tata Education Trust Scholarship stands out since it is designed exclusively for Indian women. Students now have a great chance to continue their academic education at an academic institution abroad.  If you're planning to qualify for this scholarship, read the following information. This scholarship can be used for Masters-level courses in places including the United States, the United Kingdom, and Europe.  You should have at least two years of professional experience in your chosen industry.  Proof of financial status is another crucial document needed to be eligible for this government scholarship FAQs How can an Indian student get a scholarship to study abroad? There are many ways to get a scholarship to study abroad. One of the most common is academic excellence, many scholarships have eligibility criteria where they evaluate students based on merit and check their overall academic performance before selecting them. The most common selection parameters are 12th board exam results, IELTS/TOEFL scores, extracurriculars, SOP, and LORs submitted by the candidates. Interviews play an important role in the selection process. How can I get a 100% scholarship to study abroad? To win a 100% scholarship to study abroad you need an excellent academic history and an overall high caliber resume. Many scholarships like Fulbright or Rhodes offer 100% scholarships, you can apply for them and get your ticket to your dream school. Which scholarship is best for Indian students to study abroad? There are many scholarships for Indian students to study abroad such as: Fullbright-Nehru master’s scholarships Great Wall Program The JN Tata Endowment Scholarship Aga Khan Foundation International Scholarship Program Lady Meherbai D Tata Education Trust Scholarship Consult an expert advisor to get the right plan TALK TO AN EXPERT

The abroad education loan process can prove tricky if you are not aware of the intricate details about the steps involved in the procedure, for example, how to apply, the documents that need to be submitted, and the time to get the loan process approved.  Education loans are one of the common sources of funding education abroad in recent times. As education inflation is reaching new heights and education costs are rising day by day, one can consider applying for education loans to support their already existing savings. An overview of the abroad education loan process Each year thousands of students apply for an abroad education loan as they want to pursue further studies at top universities of the world. The biggest challenge is arranging funds through education loans, as the cost of studying and living abroad is very high.  Students in India can apply for secured abroad education loans from government banks, private banks, PSU banks, and unsecured loans from non-banking financial corporations. Students also have the option of getting education loans from foreign banks that offer loans to non-native students for global education. How to apply for an abroad education loan process? Fill out the online application form provided by the bank that you have shortlisted for the education loan. Visit the bank and confirm all the documents that will be needed by the bank for forwarding the loan process further. Gather all the required documents in a file and submit them to the proper authority in the bank. Enquire about the lawyer and valuator and get the legal opinion and valuation report from the lawyer and valuator, respectively, which will be later submitted to the bank by the valuator. The complete documents are then sent to the loan processing cell, and the processing officers go through the submitted documents and verify the loan application. The bank then sanctions the loan, and the loan applicant will have to visit the bank and sign all the necessary documents.  Post visa approval, applicants will have to revisit the bank and complete the property mortgage process if any property has been mortgaged against the loan.  Funds are disbursed after signing a disbursement agreement.  Applying for an abroad education loan through the Edufund app is simple. Submit all the documents and the loan application form once you have received the offer letter from a university. As soon as you clear the eligibility criteria, the loan gets approved, and you can sign the loan agreement. https://www.youtube.com/watch?v=4gTQkdePOWM Documents required for applying for abroad education loan process The financial institution where you have applied for the abroad loan application will require details of the applicant and the co-applicant.   Properly-filled application form. Documents confirming identity details and residence proof of the applicant and co-applicant. It can be a passport, voter ID, pan card, driving license, or Aadhar card that would show personal details and current address. Passport-size photographs of both the applicant and the co-applicant Academic documents of the applicant that depicts the total academic and professional experience.  This includes mark sheets and certificates of class – 12, graduation, and the results of the admission test that the applicant has taken, like SAT, TOEFL, LSAT, GMAT, IELTS, or GRE.  The acceptance letter that the applicant has received from the university is the admission proof for studying abroad. Last six months' bank statements of the applicant and the co-applicant. Income proof of the co-applicant that shows that they are capable of fulfilling the terms of loan payment in case the applicant is unable to do so. In the case of collateral, the property title deed, building approved plan and NOC for a mortgage from the builder is needed.  Time required to get the loan process approved It takes nearly 45 days to 2 months to start the processing for the submitted loan application. Edufund has tied up with several top banks in the country and can process the loan in comparatively fewer days. The experts associated with the app will negotiate on your behalf and get the best possible offer on loan rates.  Conclusions  Students who are aware of the various steps involved in the abroad education loan process can plan, prepare and take full advantage of the knowledge so that the application process for the loan procedure is smooth, fast, and quick.  Take the help of the experts on the Edufund app to choose the best possible education loans with top banks. Qualified counselors will help to make the process smooth and easy and ensure that the education loan is available on time at the best possible rates. There are no hidden costs and zero commission, which will help to save on unnecessary fees.  Consult an expert advisor to get the right plan TALK TO AN EXPERT

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

261,406 Indian students studied abroad in 2022, according to the Ministry of External Affairs, and more students are anticipated to enroll in top-notch programs next year.  The best way to pay for studying abroad is often thought to be through student loans. Loans for studying abroad come in a variety of forms. Let's learn about them and help you choose your best option. Types of education loans  Let's first explore the two major forms of education loans accessible to international students who want to study abroad through collateral-free education loans: 1. Collateral education loan  To get the required loan amount for a collateral education loan, the borrower must pledge collateral (such as a house, property, gold, insurance policies, land, fixed deposits, etc.) as security. Collateral loans can further be divided into three categories; Immovable property: This comprises buildings, flat surfaces, uncultivated land, and areas with well-defined borders. Liquid security: This covers LICs, government bonds, fixed deposits, etc. Third-party collateral: Only government and public banks are covered by this law. In this situation, if a candidate lacks the necessary assets listed above or is unable to provide the value to match the necessary loan amount, they may pledge the asset of a third party as collateral. In essence, the term "third party" refers to those who are not members of the candidate's close family. For instance, the candidate's uncle, aunt, pals, or the major co-applicant, etc. 2. Non-collateral education loan  The borrower of an education loan for international studies without collateral is not required to provide collateral as security, in contrast to an education loan with collateral. In the case of an education loan without collateral for abroad, borrowers are required to submit documentation and fulfill relevant requirements and eligibility criteria. Types of education loans based on lenders The following are the different types of education loans based on lenders:  1. Loans from Public-Sector Banks In India, public-sector banks or government banks give education loans to those who want to study abroad mostly based on collateral that is given as security. Government banks offer unsecured loans to students for INR 7.5 lakh. Applicants must offer collateral as security for sums more than this. Compared to commercial lenders, public sector banks provide lower interest rates. Section 80E offers tax advantages for government bank student loans. Major public-sector banks that provide loans for international schooling include: State Bank of India Bank of Baroda Punjab National Bank Union Bank of India 2. Loans from Private Banks Both secured and unsecured loans for study abroad are available from private Indian banks to students. The amount that may be approved depends on several variables, including the applicant's profile, the co-applicants financial situation, the nation, the course, etc. Private-sector banks provide better interest rates than NBFCs and foreign lenders, but they are higher than government banks. ROI generally begins around 11% annually. Private bank student loans are also eligible for Section 80E tax advantages. Compared to government banks, private banks require less time to approve an education loan. Several of the largest private sector banks providing loans for international schooling are: ICICI Bank Axis Bank 3. Loans from Non-Banking Financial Companies (NBFCs) NBFCs provide unsecured and secured student loans for international studies. The maximum loan amount that can be approved varies depending on several variables, including the applicant's profile and the financial status of any co-applicants. When compared to commercial banks and government banks, the interest rates on loans from NBFCs are on the higher side. The interest rate for NBFC education loans normally ranges from 11.5% to 16% per annum. NBFC education loans do not qualify for Section 80E tax advantages. Compared to government banks and commercial banks, NBFCs require less time to complete an education loan. Some of the largest NBFCs providing loans for international schooling include: HDFC Credila Avanse  InCred Auxilo https://www.youtube.com/watch?v=4gTQkdePOWM&feature=youtu.be&ab_channel=EduFund How to choose the right abroad education loans for higher education?  Research and thorough comparison are necessary while selecting the best education loan for higher education. Before choosing an education loan, compare the interest rates and repayment options offered by several institutions. You may also get in touch with an expert. They can assist you in negotiating a lower interest rate and in organizing your repayment plan to help you save money. Before choosing to take out an education loan, ascertain how much money you require to fund your higher education. Our College Cost Calculator will help you determine how much additional money you'll need to live comfortably in your college city by providing you with information on the tuition and living costs there. In the modern, dynamic world, a good education is crucial because it gives students more self-confidence and gives them the tools they need to live their best lives. Therefore, although taking out a loan first seems scary, as long as the student is dedicated and makes the most of the opportunity, it will ultimately pay off. Consult an expert advisor to get the right plan TALK TO AN EXPERT