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Ever wondered why international students pay more tuition than domestic students in a foreign country? In countries like UK and Canada, the tuition cost for international students is double the amount charged to domestic students.   Let’s take the example of Kings College London, UK. The current tuition fee for 2023-24 to study BA English for international students is £23,160 per year while for domestic students, it is £9,250 per year. In Indian rupees, the yearly cost would be nearly Rs. 21 lakhs for international students while for domestic students, it is Rs. 8. 34 lakhs!   This is not just the story of Kings College London, UK. Many more universities charge international students more than their domestic counterparts. Let’s explore why! Reasons why international students pay more   There are multiple reasons why international students pay more tuition fees than domestic students.  Lack of government funding or government caps like its present for the UK and European students in the United Kingdom.    International tuition fees are a major source of income for the government and foreign universities.   Education inflation refers to the rising cost of education on a yearly basis. Inflation affects the cost of education directly and has led to an increase in annual tuition fees not just at top universities in foreign countries but in government universities in India as well.   Universities are employers and a hub for research. This means that they need revenue to facilitate their yearly expenses like research, paying salaries, and maintaining the infrastructure. The revenue for these costs comes largely from tuition fees which is why international students end up paying more Are higher tuition fees problematic for international students?  Higher tuition fees can be an obstacle for many international students. International students struggle with annual fees as well as the rising costs of accommodation, travel, and daily expenses in foreign countries. Most international students depend on their parents to finance their education which means that they not only have to pay more in tuition fees but their purchasing power is less because their parents are earning in local currencies.   For instance, the fall of the rupee against the dollar has financially affected Indian students studying in the US currently. The price of living expenses has gone up due to rising inflation. How can you manage to manage higher tuition fees?  The cost of education is readily increasing and the only way to cope with it is to start saving and investing. If you are a parent and want to send your child abroad then investing in mutual funds via SIP and exploring US stocks is a great saving strategy. The benefits of both investing strategies are limitless:   A SIP in mutual funds allows you to save and invest gradually. You can start with Rs. 2000 every month or more depending upon your goal target and gradually increase the invested amount to combat the rising inflationary prices.   Investing in US dollars gives you an edge because you not only get better returns but you will be able to secure your purchasing power if your child decides to study abroad. Gaining returns in dollars and spending in dollars is better than earning in rupees and spending in dollars! Thus, investing in US stocks and funds gives you an upper hand and helps you plan a solid future for your child.   There are many more options that can help you fund your tuition fees. You can opt for an education loan, and explore scholarships and grants that can partially or fully fund your education expenses. Knowing the cost of tuition fees and the consequent living expenses and calculating it can truly help you plan this education journey better; it will allow you to make strategic decisions and create an education corpus fit to study anywhere in the world.   Consult an expert advisor to get the right plan TALK TO AN EXPERT

Do you think education loans are the only way to pay for higher education? Do you think the moratorium period is interest-free or that you can only get an education loan from foreign universities? It’s time to burst the myths about education loans and help you plan for your child’s higher education smartly with all the facts in check! The moratorium period is interest-free  A myth about education loans is that the moratorium period wherein the borrower is not obligated to make payments is interest-free. This is not true; the moratorium period is a time when it is not compulsory for the borrower to start making payments to the bank. The interest accumulated during this period is added to your next installment and not waived.   Banks generally calculate the interest generated during the moratorium period and add it to the principal repayment amount. Most banks offer a moratorium period for education loans. During this time horizon, the borrower must figure out their expenses and work on a financial repayment plan for the loan. Apply for Education Loans Education loans are only for foreign universities  Education loans are offered for Indian and foreign universities. The myth about education loans and lenders is that education loans are only given to students planning to go abroad and for huge amounts like Rs. 50 lakhs or more. This is incorrect, parents who wish to educate their children in India can avail of education loans starting at Rs. 50,000 and more. They have the flexibility to choose their lender and figure out the best interest rate and the most favorable loan requirements for their child’s education.   In fact, most banks allow students to take on a personal loan to take online courses and even online master's programs to upskill and aim for better job opportunities. Yet seeking an education loan for an online degree is not an option at the moment.   Education Loan Process Read More Using savings is better Using savings is better than taking a loan is another misnomer and myth about education loans. While it is ideal to have an education fund that can sponsor your education, it may not be possible for everyone. In fact, 60% of Indian parents regret not saving for their child’s education but that should not stop you.  Neither should you opt for selling assets or borrowing informally, education loans offer flexibility and can be a good alternative for children who are in need of immediate funds from trusted institutions.   Taking an education loan means you won’t have to sell your assets, you will have time to start the repayment process and the stress of paying immediately will be lifted off your shoulders. Taking a loan can also help you in the long run with credit building and other expenses.   Education loan is only for Ivy League Another myth about education loans is that only students going to Ivy League colleges can opt for them. Education loans are given to candidates who have a good application and are applying to a recognized university. You do not have to go for an Ivy League to apply for an education loan, all you need is a good course and a recognized university so that your application can be processed and verified!   Education loans only cover tuition fees  Education loans cover a number of expenses including tuition fees, accommodation, application fees, flights and books, and more. It helps you sponsor your education and not just tuition fees. It gives you the flexibility to decide how you spend your money and how much you need to comfortably settle into your new life as a student.   Applications without collateral are rejected   Applications without collateral are not rejected; in fact, many education loans are collateral-free. Collateral-free means you don’t have to pledge an asset (like land, house, or FDs) to avail of an education loan. Education loans are designed to make education more affordable and accessible for the general public which is why some education loans do not have a collateral clause as well.   You can only finance your education with a loan No! There is ‘n’ a number of ways to finance your education and a loan is just one of them. You can sponsor your education with scholarships, grants, bursaries, and an education fund your parents may have saved up for you. As a parent, you can help your child fund their education through SIP in mutual funds, by investing in US stocks, and by exploring different investment options. An education loan is also a great alternative to help you finance your dream college and career, it helps you with big expenses like tuition fees, accommodation as well and visa applications where you have to show proof of funds in order to fly to a study abroad destination.   You can finance your study abroad or higher education dreams in combination. If you have some savings and lack the rest of the funds then an education loan is the right way forward.   We hope this article helped you break all the myths about education loans! If you are looking for the right education loan for your child then look no further, contact our savings experts to get the best loan at attractive interest rates.  TALK TO AN EXPERT

The level of education in the UK is undeniably high, but one of the most worrisome realities is how expensive it is for international students to study in the UK. Living expenses in the UK for international students 1. Accommodation cost  The cost of housing is a significant factor that raises the price of studying in the UK for international students. Following are the types of accommodations and their costs in the UK: University Accommodation: For overseas students, the majority of institutions provide housing on campus or at a reduced rate. This can be obtained at no additional cost as part of your offer or for a fee. University residence halls are frequently where the best and most affordable solutions may be found. Private Accommodation: Look for housing that is closer to your institution if you decide to live in a private house. You can find a respectable location to live and study for GBP 350 to 550 (INR 31,000 to 49,000) each month. The most expensive of these cities in the UK is London, however, prices may var 2. Travel Cost  The subway is the least expensive form of transportation in and around the UK. The London Underground has a huge network and affordable rates. There are a variety of student discounts available to reduce the cost of travel. For Short Distance: Buses, regional trains, and tubes are all readily accessible. Getting a monthly bus or tube pass is the most cost-effective option. It is advisable to make sure that a taxi is on the meter before you order one. It is essential to decide on a sum in advance in cases when the meter is not functioning to prevent misunderstanding. For Long Distance: It is advisable to choose any of the following alternatives if you want to travel a great distance, such as from one city to another: Railways Air An intercity bus 3. Utility Cost  The monthly cost of essential services like electricity, water, gas, etc. ranges from GBP 50 to 120 (INR  4,500 to 11,000). The following are the necessary lists for utilities and daily/monthly necessities: Bills (electricity/ gas/ water) Mobile phones Clothes Toiletries Food and housekeeping Books and stationery Transportation, etc. 4. Food Costs Meal expenses may be kept to a minimum to save money. If you cook at home, you can spend about GBP 80 to 100 (INR 7,100 to 8,900) each month, or about GBP 250 (INR 20,000) if you buy meals or go out. 5. Entertainment cost Your monthly expenses for leisure and pleasure activities might range from GBP 50-250 (INR 4,500-23,000). 6. Taxes and insurance cost The greatest approach for overseas students to handle their everyday living expenses in the UK is through part-time employment. The opportunity to work 20 hours per week is available to every international student in the UK. While their lessons are in session, they are engaging in this behavior. During breaks, it switches to full-time. However, you will be required to pay national insurance and tax if you obtain employment in the UK while you are still a student: National Insurance: If you make more than GBP 166 (INR 16,458) each week, you must pay National Insurance.  Income Tax: If you make more than GBP 1,042 (INR 1.03 Lakhs) each week, you must pay income tax.  As a student, you must carry insurance, for which you must pay a monthly cost of between GBP 15 to 25 (INR 1,400 to 2,300). Other personal expenditures including clothing, hygiene, books, study materials, etc., run around GBP 100 (INR 8,900) each month. Top budget cities for international students in the UK How to save for living expenses in the UK for international students? You may save for your child's future studies in the UK is using a few short- and long-term tactics. One simple strategy is to divide the sum assumed to be 1 crore and set aside around 40,000 per month, or roughly 4.5 lakh yearly for 18 years, and to start saving when your child is still a little child. Invest your money for up to 18 years to put it to work. SIPs might provide you with incredible rewards in 18 years if you keep investing for the future. Applying for and then repaying an education loan is the last and most difficult option. The rising expense of attending school in the UK can be somewhat countered by education subsidies, scholarships, and part-time employment. If your child intends to pursue further education in the UK while studying abroad, start saving now before it's too late!

Though the question may seem simple, there is no “one size fits all” response. Many Indian students going abroad for higher studies choose the US, Canada, or the UK to pursue law, an MBA, or STEM courses because of the standard of education and quality of reputed universities present in these countries.    The US and the UK offer students various benefits: quality education, a standard of living, excellent career opportunities, and part-time job offers, amongst others. To help you with the question, we will be doing a basic comparison between studying in the US and the UK to give you better clarity on education opportunities in these two countries. Top 5 universities in the US:   Massachusetts Institute of Technology- World Rank 1   Stanford University- World Rank 3   Harvard University- World Rank 5   California Institute of Technology- World Rank 6   University of Chicago- World Rank 10   Source: QS World University Rankings 2023   Top 5 universities in the UK:   University of Cambridge- World Rank 2   University of Oxford- World Rank 4   Imperial College of London- World Rank 6   University College London- World Rank 8   The University of Edinburgh- World Rank 15   Source: QS World University Rankings 2023   The US and the UK are home to most of the top 10 universities in the world. You can choose the US or the UK if your course and budget align with the universities mentioned above. Top courses - US vs UK The US offers top study programs for courses - Engineering, Business Management, Maths, and Computer Science, Social Science, Law, Medical Science, Fashion Design, Accounting, and Economics.    While the UK is best suited for the courses - Business and Administration Studies, Bioscience, Health and Medicine, Computer Science, Design Studies, Nursing, Law, Psychology, Sports and Exercise Science, and Subjects allied to Medicine.   Depending on the course of your choice, you can pick the best-fit country for you and pursue your education. Cost of education & living - US vs UK  The tuition fees for undergraduate courses in the US can cost you anywhere between 16 lakhs- 50 lakhs per year, while postgraduate courses can cost you between 16 lakhs - 57 lakhs per annum. The undergraduate courses can last for 4 years, and the PG courses go up to 2 years.    You would have to spend between 14 lakhs- 34 lakhs per year for undergraduate courses that last for 3 years in the UK. Postgraduate courses that last between 1-2 years can cost you 14 lakhs- 85 lakhs. The cost of studying is comparatively cheaper in the UK, given the duration of UG and PG courses are shorter.   The cost of living can vary depending on the type of accommodation, and the choice of lifestyle students prefer. The average cost of living in the US for an international student is 8 lakhs - 15 lakhs per year, while the average cost in the UK can be between 9 lakhs - 14 lakhs per year. Additional read: MBA in finance vs Masters in finance Can you work while studying in the US and the UK?   You can work up to 20 hours per week and 40 hours per week during holidays inside the campus in the US. However, working off-campus in the US is challenging as many universities don’t prefer international students working off-campus due to visa-related restrictions.    International students can work up to 20 hours per week inside the campus under a university employer, part-time in the UK. A few universities allow students to work off-campus in the UK depending on their choice of study program.    Both the countries offer to stay back option to international students post-completion of their course. The British government recently made amendments to its rules allowing international students to stay back for two years post-degree completion. The US allows international students to apply for OPT (optional practical training), which helps them to gain work experience in their field of study for 1 year after completion of the course. Employment opportunities - US vs UK  Both the US and the UK offer international students a variety of job opportunities. The US provides better options in finance, dentistry, management, and software engineering roles. And the UK provides good opportunities in aviation, corporate management, nursing, and mechanical engineering.     We hope the comparison helped you get some clarity on the diverse opportunities the US and the UK offer international students. Make a wise choice depending on your passion, study program, and budget limitations. For better insights and information, talk to educational counselors on the EduFund app.      Note: Choosing a country or course to study is all about finding your best-fit university/course/nation that matches your interests and affordability. Map out your priorities and goals and conduct extensive research before applying to a university.  Consult an expert advisor to get the right plan TALK TO AN EXPERT

The demand for education loans has increased in India due to rising costs, increased demand for foreign education, and the need for upskilling courses or executive programs to boost career growth. While student loans may seem scary, there are many benefits of education loans that you can avail of while financing your child's higher education!    Tax break   Tax exemptions are the most incredible benefits of education loans. Under Section 80E of the Income Tax Act of India, the interest paid on education loans can be claimed as a deductible by the beneficiary. Tax benefits do not cover the principal amount of a loan but can be claimed when paying the interest amount. Parents can claim this deduction for the next 8 years from the start of payments after the moratorium period is lifted.    Moratorium period Education loan payments do not start the right way. Banks that offer education loans give you a period wherein you are not required to pay your EMI, which is called a moratorium period. T his period is generally for six months to 1 year; in exceptional circumstances, it can be more. This period is provided to help students find employment to start paying their loans without financial stress.     Attractive Interest rates   Educational loans have relatively low-interest rates than personal loans or house loans. Banks constantly compete to provide the best possible interest rates to students who need education loans. This gives students the advantage of shopping around for the best and most interest rates to reduce the final amount and quickly pay off their debt.    Zero collateral    Education loans do not require collateral in the form of an FD, land, bond, or other assets! Your child can get a collateral-free education loan to study abroad or in India. Banks assess requirements like the third-party guarantor, the parent's credit history, and your child's educational background to decide if your application is strong enough for approval. Banks also place heavy emphasis on the course and university your child is going to study.    Wide coverage   Contrary to popular belief, education loans provide blanket coverage. Education loans cover many payments like tuition fees, living expenses, and flights and help parents settle their child comfortably in a foreign land.    Additional read: Does education loans cover living expenses Cashback on Refundable Deposits   Education loans cover refundable deposits your child may have to pay during their university application process. This is not a feature offered by every education loan provider. It also depends on the loan amount and whether your loan is collateral free or dependent. Do check with your bank if you have the facility to get your money back on refundable deposits.   Secure your retirement savings   Another benefit of an education loan is that you do not have to use your savings for your child's education. If you do not have enough savings or investing stored, especially for schooling, then opt for an education loan that covers your tuition fees. The education loan amount you should be going for should be 25% of your child's total expenses. For example, if the cost is Rs. 50 lakhs, then your loan amount should be Rs. 12 to 13 lakhs.   An education loan can help you ensure quality education for your child and keep your retirement savings intact for the rainy day.   https://www.youtube.com/watch?v=4gTQkdePOWM Helps build Credit   One of the tremendous benefits of education loans is that it helps with credit building. Your child may want to buy a house in the future in a foreign country, and having a good credit history can accelerate that process. If you want your child to settle in a foreign country, then ensuring they have a good credit history is essential. Education loans can help them build a credit history with regular payments. This shows the financial institutions that you are a safe bet and trusted client for future loan applications.     A significant benefit of education loan is that it helps parents support their child's dream and build their future. Education loans are convenient if your child plans to go abroad or opt for an expensive degree in India. They provide financial support to those in need of immediate funds. Consult an expert advisor to get the right plan TALK TO AN EXPERT

With over 1,30,000 funds globally, it becomes challenging and confusing for an investor to choose funds best suited for their goals, objectives, risk appetite, and investment horizon. As investors, when we need guidance and assistance, we often get confused between Investment Managers, Investment Advisors, Financial Planners, Wealth Managers, and Asset Managers!   In this article, let's see the difference between Investment Managers vs Investment Advisors and which professional help you should take based on your requirement. Who is an Investment Advisor?  An Investment Advisor performs detailed research, analyzing the market movements and cycles. During this research and analysis, they inform clients of profitable or growth-oriented assets. Investment advisors work with you to understand your financial worth, goals and objectives, preferred investments, risk tolerance, phase of life, etc.   Advisors first understand their client's financial requirements, risk capacity, and investment goals and then create a detailed investment plan. Depending on the agreement type with the client, the Investment Advisor will periodically review the client's portfolio and rebalance the asset allocation if required to ensure the investments are aligned with the client’s financial goals.  Fee: Investment Advisors charge a flat fee, whether time-based or asset-based, for their services.   Additional read: Short-term vs long-term savings for your child’s education Who is an Investment Manager?  An Investment Manager’s primary role is to manage investments on their client’s behalf. Their clients could be an individual, an organization, or even the government. An Investment Manager handles all activities required to manage an investment portfolio. The activities mainly relate to performance management and buying and selling investment instruments. Their objective is to ensure safety but, at the same time, provide optimized returns on investments. Investment Managers rely on day-to-day financial analysis to ensure the investment products recommended to their clients provide optimized risk-adjusted returns.   Fee: Investment Managers work only on a fee cost model, usually in terms of commission.  Difference between an Investment Manager vs Investment Advisor Parameters Investment Managers Investment Advisors Role They offer data and analysis on fund performance and risk capacity to help pick the correct fund. They offer complete advice regarding your financial standing and well-being, including your budget, retirement, taxes, investment planning, etc. Scope Offer to advise only related to your portfolio creation and management. Offer advice by assessing your financial position and creating a plan to help you reach your financial goals. Services offered Investment Managers cannot be investment Advisors.  Investment Advisors can offer portfolio management services. Fee They work on a fee cost that is usually a commission-based model. Their fee is fixed based on a period or the volume of assets they handle. Bias There are chances of little advice as they might sell certain funds that offer them higher commissions. Meager chances of biased advice as they receive a fixed fee from you. The client’s growth is beneficial to the Advisor's goodwill. Eligibility To be an investment manager, one should have a bachelor’s degree in finance, business or accounting and an MBA if required by certain institutions. To be an investment advisor in India, one should have passed both levels of the NISM Series X – Investment Adviser certifications.   Conclusion  In volatile market conditions, consulting an experienced Investment Advisor proves beneficial as they provide a detailed goal-based planning approach with proper diversification to reduce the overall portfolio volatility. A goal-based planning approach considers all your investment objectives and commitment and ensures that you are financially prepared to achieve those goals. Consult an expert advisor to get the right plan TALK TO AN EXPERT

Japan continues to amaze people all over the world with its distinct culture and traditions that perfectly blend with technology and innovation. Japan has grown tremendously throughout the years to occupy a key position when it comes to innovation, progress, and growth.  Aside from being a technological powerhouse, Japan is also renowned as an educational powerhouse. The credit for this goes to Japan's renowned institutions, which provide world-class education, training, and research opportunities.  Today, over 3 lakh foreign students from over 170 countries have chosen to study in Japan. International students are lured to Japan to study for its simplicity, diversified culture, and employment prospects, in addition to academic achievement. Why choose Japan to study? Here are a few factors that foreign students should know if they plan to pursue higher education in Japan: Instruction language: English and Japanese Average Study Cost: ₹3 - 8 lakhs per year Average Living Cost: ₹6 -  9.60 lakhs yearly Funding sources: Fellowships, Scholarships, and Grants Exam Requirement: IELTS, TOEFL, GMAT, GRE, EJU, and more. Intakes: 3 times per year - Spring, Fall, Summer  Top programs:  Welfare and Health Biological Sciences Food Science and Technology Fine Arts and Social Sciences Electronics and Engineering Business and Management, etc. Best cities for Students:  Tokyo Kyoto Sapporo Osaka Yokohama Fukuoka, etc. Cost of attendance The study cost in Japan is determined by the course and university your child chooses. The lifestyle they pick influences the total cost as well. The overall cost is divided into two categories: tuition fees and living expenses. 1. Tuition Fees In Japan, tuition is substantially lower than in the United States and the United Kingdom. It is best to send your child to a public institution if you want to save money. In Japan, unlike in other nations, the pricing structure for international and domestic students is nearly identical. Here are the rough fees for bachelor's and master's degrees- Bachelors: ₹3 - 8 lakhs annually Masters: ₹3 - 11 lakhs annually  2. Cost of Living The lifestyle chosen by international students determines the living costs in Japan. They should consider student living and applying for multiple scholarship programs if they have a limited budget. Some expenses, though, are unavoidable.  Depending on the location and lifestyle, the average student spends between ₹45,000 and 60,000 per month on housing and other basic needs. Cities such as Osaka and Tokyo are costlier than smaller towns in rural Japan. Additional read: Living expenses in Canada Top scholarships For Indian students, studying in Japan can be an expensive experience. This is when scholarships come in handy. Every year, Japanese universities and the Japanese government provide numerous scholarships to international students. The majority of the scholarships are entirely funded and open to students of all nationalities. The following are some of the top scholarships available at Japanese universities. Additional read: Living expenses in France Special scholarship in the Ph.D. program at Otani University 2022 International students with merit who are pursuing a Ph.D. at Otani University in any field. Benefit: A half-month stipend offered by the Student Services Organization. 1. Super KUAS-E Scholarship Students at Kyoto University of Advanced Science's Faculty of Engineering who have excelled academically.  Benefit: ₹6 - 7 lakhs stipend + tuition waiver + admission fee waiver 2. KUAS-E Scholarship Students at the Kyoto University of Advanced Science who have excelled in the Faculty of Engineering.  Benefit: Tuition tuition waiver (100%, 50%, or 30%) + Admission fee waiver (100%, 50%, or 30%) 3. MEXT Asia Pacific University Japanese Government Scholarship  Students with merit at the Asia Pacific University who are pursuing a full-time bachelor’s, master's, or Ph.D. degree.  Benefit: Full Tuition Fee waiver, Monthly Stipend as well as Airfare Tickets 4. ADB Scholarship University of Tokyo Students with merit at the University of Tokyo who are pursuing a two-year master’s degree. Benefit: Full Tuition Fee waiver, study material, Housing, Stipend, Airfare Tickets, and Medical Allowance. 5. Tokyo Institute of Technology Scholarship Students with merit at the Tokyo Institute of Technology pursuing their master’s or doctoral programs. Benefit: ₹80,000 - 85,000 per month for Master’s as well as Doctoral Programs. 6. KGU Graduate School International Scholarships Students with merit at the Kwansei Gakuin University pursuing postgraduate programs in Japan.  Benefit: 50% tuition fees covered per annum. Work Opportunities Students with work permits can work in a variety of part-time employment in Japan. They need to have a current student visa to apply for a work permit, which is placed on their passport as a sticker.  International students with a work permit are permitted to work 28 hours weekly during the school year and 40 hours weekly during the semester break. This is a great way to start earning and managing their funds and also gives them a work-life experience. Consult an expert advisor to get the right plan TALK TO AN EXPERT

According to a study by DNA, “A child begins its tuition by the age of 4 and continues until graduation”. From primary education to clearing competitive examinations like IAS and IPS, coaching remains an indispensable part of a student’s life. CRISIL (Credit Rating Information Services of India Limited) says- “ Preparing students for coaching classes may hit 70,000 crores by 2022, growing at a CAGR of 16%". Popularity reasons 1. Personalized and detailed guidance Coaching teachers and staff provide needed guidance to students based on personal experiences and teachings. They help students master concepts from scratch and eliminate any confusion. Their personal experiences help children clarify career goals and peep into the new options available to excel. Personalized interaction helps a child clear doubts and understand the subject in depth. 2. 1:1 attention Coaching institution aims at dividing the batch into limited students to pay attention to every student. According to a psychological fact, children learn better in a familiar environment. The coaching teachers help students progress according to their caliber. In schools, the teacher could hardly concentrate on every student given the time constraints. 3. Simplified learning with easy techniques and technology  With advanced techniques paving the way for all-inclusive education, private coaching classes prioritize personal attention. Using different learning and technological techniques for a defined group of students helps each student grow. They do so by grasping the learning pattern and ability of a child. This way, children could perform 60% better.   Using animated videos, quizzes, stories, and images on a projector helps children relate better to the concept. Children capture visuals better than text. 4. Specific attention in every subject  Students missing a day in school miss essential concepts. They cover up each idea quickly in situations with the flexibility of timing and learning concepts. Following half-known concepts in class becomes challenging but learning from scratch helps garner a grip over the concept. Even if they don’t understand, they could clarify the exact multiple times from the coaching teacher.  5. Flexibility to attend online classes  In cases where students struggle to follow up on concepts, they can arrange a 1:1 session with the coaching teacher. Additional read: Importance of an optimistic mindset in mutual funds investments Growth spectrum of private coaching classes in India by 2030 According to Economic Times, “India will become a 313 US million-dollar education industry market by 2030.” Upskilling and private coaching classes increased dramatically following the pandemic. Top 7 Productive ideas for growth Affordable Online test preparation and exam platforms Extra-curricular inclusive course structure Teacher training and development Affordable finance options- loans Innovative finance options in education and skilling Micro and alternative credentials to boost the employability of children Vast social and emotional learning opportunities How can technology bridge the remaining coaching gap?  The sudden closure of schools affected around 150 million girls. Many girls in rural India are devoid of any such educational opportunities. If the government makes adequate investments in this regard, one can bridge the education gap. Initiatives like affordable loan schemes, laptops, and internet connectivity in rural areas could help these kids enroll study in the best private coaching classes. Conclusion With private coaching fees increasing incessantly along with higher study costs, Edufund helps parents save through a personalized investment plan. You can invest in your child’s coaching class costs via short-term goal savings plans well ahead. Consult an expert advisor to get the right plan TALK TO AN EXPERT

The United Kingdom has a long tradition of intellectual success. It is one of the well-liked destinations for overseas students pursuing higher education. Regarding MS, UK institutions are at the frontline of offering a diverse selection of courses according to the student's interests.  MS in the United Kingdom provides full-time 1 or 2-year long courses. Specialists from various roles, industries, and courses are available at UK institutions, allowing overseas students to follow their selected degree programs. Popular MS specializations in the UK The following is a listing of the best MS Specialisations in the UK for Indian students. MS in Biology (Sciences)  MS in IT & Networking  MS in Engg (others)  MS in Geology  MS in Computer Science & Engineering  MS in Health Science  MS in Electronics & Electrical Engineering  MS in Mathematics Ways to save for MS in the UK A Master's degree might boost your child’s income potential. It might also be an opportunity to explore something your child is interested in. Saving in advance is the most effective way to reduce the expenditure burden your child will have to handle with student loans. Here's how to get started. 1. Set a goal and a budget for savings Setting a clear objective for the amount to finance your child’s Master’s can assist you in planning for the future. Calculating how much you'll need to save boils down to weighing costs. First, estimate how much money you'll require to pay for their tuition and living expenses. Then consider obtaining student loans, but proceed with caution. Calculate the monthly payment cost of the loan after your child graduates. 2. Refinance private student loans To save money, refinance outstanding private student loans. If your child is currently paying their student loans with a bachelor’s degree, the interest rates may have decreased since then. Interest rates on student loans are predicted to surge throughout 2022. In June, the federal funds rate was raised by 75 basis points, and fed officials anticipate future hikes. This might result in increased interest rates on both private & federal student loans. If you hold private student loans, refinancing replaces your loan with a new loan with a reduced interest rate. Refinancing existing student loans may allow you to free up a few additional rupees in your monthly budget for savings. 3. Choose the best option to start saving There are several options to save for future college fees, ranging from a traditional high-yield savings account to a college investing account. However, the best way to save will be determined by the timing of your strategy.  Select investment programs that offer investment possibilities customized to various periods and risk sensitivities. If you gradually adapt to being more conservative, you may invest more aggressively. Some of the options to start savings include - Mutual fund investing US ETFs (Exchange Traded Funds) Purchasing insurance policies Purchasing real estate Making an investment in PPF With these ways to save for your child's education, you may stop worrying about the cash needed to send your child to his or her ideal college. 4. Prepare early savings Investment needs time to mature. Education costs are often long-term goals that require more than five years to attain. Consider how much time you will need to create your children's education fund for MS in the UK.  The more time you have, the lighter your load will be. The sooner you begin investing & saving, the better. Top 10 MS colleges in the United Kingdom There are around 115+ MS Colleges in the UK. MS costs about INR 27.40 lakhs in the UK (approx.). The top specializations are IT and networking, Engg (others), Biology (Sciences), Geology, Health Science, Computer Science and engineering, Electronics and electrical Engineering, and Mathematics.  A bachelor's degree + Statement of Purpose (SOP) + IELTS/TOEFL/PTE score+ Letter of Recommendation (LOR) + GMAT/GRE scores + resume + job experience is required for admission. Consider looking at the best colleges in the UK for overseas students seeking an MS. Top MS Courses in the United Kingdom MS tuition prices in the United Kingdom Conclusion According to Census Bureau data, earning a master's degree may earn you up to $400,000 more than a bachelor's degree throughout your life. However, because this is throughout a lifetime, you may not see any significant financial rewards at first. As a result, it is critical to begin planning and conserving as soon as possible.  Senior financial counselors and planners urge parents to examine the higher education level they expect their children to achieve before developing a plan. More importantly, gathers information about current tuition costs and detects yearly increases. Make wise financial decisions, and you'll experience a lot less worry in the future. Consult an expert advisor to get the right plan TALK TO AN EXPERT

There is no doubt that universities are charging today's students more for higher education in comparison to prior generations. The average cost of undergraduate tuition, fees, and living expenses climbed 169% between 1980 and 2020. While parents may plan their finances according to their child's higher education and invest in funds on time, they may still not be able to factor in inflation while focusing on the foreign application process in general. There are some rules to be followed to get your visa accepted, any error can cause your visa rejection. Canada alone rejected nearly 41% of the visa applications in 2022 itself. 1. Visa refusal Rejection of your request for entry into another country by an embassy, consulate, or high commission is known as a visa refusal. They offer the necessary reasons for the visa denial, which can enable you to make amends in subsequent visa applications. There are requirements you must meet to apply for a visa. You will not be granted a visa if you do not fulfill them. You might need to meet certain requirements, such as not having any pending criminal charges against you and not having given incorrect facts on the application for the visa. Your biggest nightmare might be having your visa application rejected. It is agonizing to put in numerous hours and efforts to obtain a visa only to have it denied. Whatever the grounds for the visa rejection, it not only crushes your plans to visit your destinations but also significantly impacts your future travel. 2. Lack of funds in the bank account This is among the most frequent reasons for visa denials. You must prove that you have the resources to support your stay for the entire period of your trip before entering a country. The expense of your travel in a certain country has been determined by the consulate at a specific amount. This is to prevent you from having a difficult time in the nation and from turning into a burden on it. A visa application may be denied if your account does not show the anticipated amount. It may also be denied if the money is difficult to obtain. For instance, to obtain a visa for a 15-day stay in the USA, you must have between $5,000 and $10,000 in your bank account. Your visa application will be denied if your bank statement reveals a balance of less than $ 5,000 and you requested a stay of 20 days. Additionally, if you send a credit card or other paperwork in place of an account statement, your application may be denied. An applicant for a student visa must be able to demonstrate their financial capacity to cover the cost of their first academic year. Consuls stationed in poor nations are extra careful against fraud in this area. Presenting a bank statement that demonstrates a $50,000 transfer onto your sponsor's account two days before the interview would raise concerns about the source and the authenticity of the funds' availability to cover the cost of the education. Parent-sponsors who work in low-paid government posts could come under suspicion. Friends who serve as sponsors could be questioned about their level of dedication. How familiar are you with this uncle-sponsor? How recently did you last see him? Most governments investigate how you came by the presented funds. Additional read: Financial Planning for Contingencies Steps to avoid Visa refusal and rejection You should generally be aware of the causes of visa rejection to prevent refusal or rejection. You must be extremely careful to follow all rules and regulations, provide the required documentation, and keep all differences to a minimum when applying for a visa. Check out the instructions on the embassy's website. After reading the directions, submit an online application. No section or column should be empty. To give the correct information, follow the directions provided in the relevant section. Include legal documentation. Maintain sufficient funds in your account. Clearly state why you want to visit, remain, and then leave the country. Do not make grammatical or spelling errors. Prepare your application well in advance. Complete the appropriate visa application processes. Some important factors to think about are your bank account balance, travel insurance, income tax obligations, legal situation, health, and medical status. How to overcome visa refusal? By supplying further evidence in support of one's eligibility, a visa applicant can overcome a refusal. If your application is denied, you will often receive a letter outlining all of the reasons why, so you can learn from your mistakes and be more cautious the next time you apply. The same visa may be reapplied for after a predetermined amount of time. Conclusion Undoubtedly, applying for a visa is a very busy and demanding process. The least you can do to avoid having your visa application rejected is to double-check that you complete everything correctly and follow all the guidelines carefully. Even though you can reapply, the aim should be to clear the process in one go as it becomes tougher to get a visa after a rejection. However, using a firm or expert to help you with your application is a wise choice but try to remain vigilant and proactive in the process! TALK TO AN EXPERT

One of the oldest & greatest universities, Harvard University is situated in Cambridge, Massachusetts. An Ivy League school, Harvard University is one of the most renowned universities in the world. In addition to being old, it has a low admittance rate because of the high caliber and variety of programs it offers. Some of the most well-liked courses at Harvard are offered by the Graduate School of Arts and Sciences (GSAS), which is the university's largest graduate school. The Ranking of Harvard University The acceptance rate at Harvard university Harvard's current admission rate for 2021-2022 is 4.7%. It is among the most difficult institutions in the United States, with a notably difficult enrolment process, prerequisites, and extracurriculars.  The Harvard University admissions office selects the best and most deserving individuals by evaluating each candidate in many categories such as academics, volunteerism, extracurricular activities, statement of purpose, and letter of reference. To get admitted to the university, students need to focus on their applications and distinguish themselves. The postgraduate acceptance rate at Harvard university Harvard University has about 22,000 students, 15,250 registered in professional and graduate study programs. Harvard is a stiff competitor for P.HD and other business qualifications, with an acceptance rate of 3.1%.  Every year, over 5% of overseas students enroll in postgraduate programs. Before getting into the Harvard admission rate, understanding the eligibility conditions is essential. A student must complete specific prerequisites to register for any course at Harvard. It is required that they meet their GPA criteria and take the SAT/ACT. These results reflect the prospective student's academic potential. A minimum of 80% in the 12th board test is required for a student to gain a strategic advantage in undergraduate courses. A letter of recommendation (LOR) and a statement of purpose (SOP) are also significant in the application's consideration. To prove their command of the language, international students must pass an English proficiency test, such as the standardized IELTS, TOEFL, and others. Harvard wants students to be at the top of their Class with a GPA of 4.18. Furthermore, students should take online programs - AP or IB courses - to demonstrate that school-level scholastics is simple. If the overall GPA is at or below the school average of 4.18, individuals will need to improve their SAT or ACT scores. It will help them compete effectively against other candidates with greater GPAs than you As per the last admitted class of 2026 at Harvard University, admission count details are as follows: 1. Number of Students Applicants - 61,221 Admitted - 1,984 Admitted from the waiting list – 36 2. Geographical breakdown New England - 16.6% Middle Atlantic - 22.3% South - 17.8% Midwest - 9.8% Central - 2.0% Mountain - 3.2% Pacific -13.4% Territories - 0.2% International - 14.8% 3. Popular specialization subjects The acceptance rate at Harvard in 2022 Harvard, which is already regarded as one of the most demanding colleges in the world, has become much more selective in recent years. In a typical summer semester, Harvard accepts around 5% of candidates. Because of the changing global climate and the elimination of the SAT/ACT, Harvard attracted 61,220 applications for the Class of 2026. (compared with 57,435 for the Class of 2025). The record-low acceptance rate for the Class of 2026 fell to 3.1% or 1,965 accepted students. All through history, Harvard's admittance rate has progressively declined. The admission percentage for the Class of 2001 was 12.3% in 1997. Only a decade later, in 2007, the Class of 2011 admission rate had dropped to 9%. After a decade, in 2017, the admission rate for the Class of 2021 dropped to 5.2%. Tips for your child to beat the low acceptance rate at Harvard Harvard candidates must be among the highest level of their class and have a certain GPA in order to get admitted. Students with GPAs ranging from 4.0 to 4.18 have the highest probability of acceptance. Harvard University requires a minimum SAT score of 1460, with students commonly obtaining between 1460 and 1580. A composite ACT score of at least 33 is required for admission to Harvard University. Admitted students normally score between 33 and 35. Applicants must be fluent in English and be able to communicate themselves properly. Conclusion Harvard University students have an average GRE score of 155-166 in verbal and 155-170 in quantitative. The MBA program at Harvard University is the university's flagship curriculum. To be considered, candidates must have an average GMAT score of 730. To be considered for admission to Harvard, Indian candidates must have a GMAT score of 700 or above. Harvard is looking for students who will add value to the campus community and who are unique and diverse. They seek out driven individuals who will excel in any field they choose. They want students to enthusiastically represent Harvard around the world in addition to improving it as a university. Consult an expert advisor to get the right plan TALK TO AN EXPERT

“We don’t have to be smarter than the rest. We have to be more disciplined than the rest”. Warren Buffett. In a volatile market, many investors see their portfolios as sometimes positive and sometimes negative. So, there are some investors who asked if should we book short-term profits on our investments or if should we hold them. Read on to know what you should ideally do. Why did you start SIP? First, answer yourself why you have started a SIP. With what objective you have started your investments? Generally, people save and invest their money with long-term objectives like saving for a child’s higher education, retirement, buying a house, buying a car, etc. Mostly we make investments to achieve our financial goals. The volatility in the market will always remain there, but we need to stick with our goals and investments. When should you book profits? Investments in mutual funds should be based on financial goals. If you have achieved your financial goal, then you can book profits or redeem your units to utilize the amount for that specific goal, or you can book profits when you are near your goals, and you have achieved your financial target, or if your fund is underperforming. In such scenarios, you can book profits. Majorly investments in mutual funds are for long-term financial goals. You should avoid booking short-term profits on your SIP. Additional read: What are alternate investment funds? What if the market crashes or falls? In case, if the market crashes or falls, then should either consider it as an opportunity to buy at a lower level or remain invested with your SIP. Don’t get fear out with the fall in the market. In the short-term, the funds or market may not perform, but in the long-term market has generated positive returns. Nifty 50 Performance in 6 months and 5 years’ time frame Power of Compounding Compounding is basically earning profits on capital invested and profits as well. It’s like getting interested in interest and principal amount. The longer you remain invested the better compounding will work. Let’s understand this with an example, suppose there are two-person A & B and both are planning for their child’s higher education, but A has 10 years to save and B has 20 years to save and both have invested in equity mutual funds. Let’s see the difference in their savings amount. In the above table, we can see that person A’s invested money has just got doubled but person B’s money has grown to 5x because he has more time to save for his goal. The more you remain invested, the more benefit you will get out of compounding. Conclusion The wealth is created over a long-term period, not in the short-term. Consider investing with a financial objective and stick with your investments, don’t let the market volatility impact your decision. Only redeem or switch your investment if your funds are not performing, else remain invested and let it grow. Consult an expert advisor to get the right plan TALK TO AN EXPERT

Your 20s are the time to make mistakes, take risks and throw caution to the wind. While the 20s is a time to learn from your mistakes and enter adulthood, it is also time to avoid making substantial money mistakes that may follow you later in life. Accumulating debt, living carelessly without saving or investing, and making impulse financial decisions are just some money mistakes to avoid in your 20s, no matter how tempting they seem.    Not saving or investing money  Contrary to popular belief, enjoying your 20s does not mean you have to live on the edge and party daily. Most people in their 20s make the mistake of living paycheck to paycheck. They avoid saving and investing their money for the future. Rather than saving and investing for short-term goals like buying a laptop or phone, the go-to option is to buy on EMI and pay for it in installments. Neither do they create contingency plans in case of job loss or medical emergency that can lead to significant financial distress?   Not saving and investing is a huge money mistake to avoid in your 20s. The 20s is the best time to invest money and reap the benefits of compounding. Suppose you earn Rs. 40,000 monthly salaries and decide to invest Rs. 10,000 monthly towards mutual funds (assuming a 10% interest rate for the next 20 years). You can amass nearly Rs. 77 to 76 lakhs by doing so consistently. If you keep increasing this amount as your salary increases and decide to diversify your investment, your corpus could be large enough to support your long-term plans.    Borrowing money from parents, friends, and family Another money mistake to avoid in your 20s is to borrow money from your parents, friends, or family. Try to budget your expenses and spending so that you don't have to borrow money from your family members. The 20s is the time to take charge of your life financially; relying on your friends or relatives can create rifts and make you more dependent.    The best way to avoid this mistake is to keep your expenses less than your income and actively reduce any debt!    Additional read: Money mistakes to avoid in your 30s Taking on too many EMIs and Loans   In your 20s, getting a new phone or taking a spontaneous trip abroad is tempting to shake off the week's stress. These luxuries are guilty pleasures you should enjoy when you have the money to spare; taking a loan to finance your foreign trip or buying a new phone on EMI can be problematic and a huge money mistake.    Budget your expenses, take trips without your budget, and destress through activities that do not cause you financial stress later in life. Try to be practical and save for your luxuries rather than take loans to satisfy them.    Living to the fullest    The 20s is the time to live life to the fullest! It is true, but the 20s are not the end of your life; you don't have to disturb your future financial goals or take on debt to keep up with an unrealistic lifestyle. Live your life, think about the future pragmatically, and invest cash towards your retirement. Try to be careful and responsible with your money early on so you don't have to regret it later!    Spending more than your income    Spending more than your income is a money mistake to avoid in your 20s! Most young adults make the mistake of not budgeting and overspending. This can easily be avoided by creating a budget and following it properly. Try to be conscious of where your money is going, and avoid eating out too much or ordering in. If possible, place a daily limit on your credit card to avoid the urge to overspend.    Young adults often end up overspending out of peer pressure and to fit in. Whether it's buying trendy clothes you don't need or partying every day, it's essential to embrace your limits and not follow others blindly!   Not investing in yourself  Not investing in yourself is crucial to avoiding money mistakes in your 20s. While learning to budget, save and invest money, you might forget to invest in yourself. Like the late Rajesh Jhunjhunwala said in a conference that his worst investment had been his health, you too need to find time to invest in yourself. Whether it's exercising, learning new skills, or indulging in a recreational activity. Take some time out for yourself and prioritize your physical and mental well-being to stay happy and healthy!    Live in the present but invest for the future. Make sure you make the most of your 20s and avoid money mistakes that can cost you or your family a bright future. The 20s is the time to cultivate futuristic habits like financial planning and budgeting that can change your life for the better!  Consult an expert advisor to get the right plan TALK TO AN EXPERT