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As we have stepped into 2024, although the year has changed, what has remained constant is parents' worry about rising inflation and education costs. Despite the uncomfortably high inflation (5.69, general, as of Dec. 2023), these rising figures do not reflect the hardship brought on by rising education costs. According to one news article, education inflation is higher(twice) than the inflation rate. Education costs include tuition fees, co-curricular fees, and other fees. Parents can consider the investment a suitable tool to mitigate these worries and the inflation risk.  When parents start investing in their child's future early, it is always beneficial as they will see the magic of compounding over the years. Along with inflation, the return on investment will also rise. One can beat rising inflation by making the right decision at the right time.  Generally, when a person wants to start investing, there are a few parameters that he needs to keep in mind before planning.  What amount does an investor want to invest? The investment amount should be pre-decided, like the amount you are ready to start your journey. (E.g. An investor can start an SIP with an amount as low as ₹100)  What is the time horizon? The asset class to be invested in will depend on the time horizon. Generally, the longer the time horizon, the greater the risk an investor can take and vice versa. Therefore, the investor should decide when he would require the money, and based on that, he can consider the risk he can undertake.  What is the risk appetite of that investor? Every asset class has different risk characteristics. Few asset classes are considered highly risky, such as equity funds, but rewarding, whereas few other asset classes, like debt funds, can be less risky but have low return potential. The risk appetite will depend on factors such as time in hand, the financial position of the investor, the amount of investment, certainty of the cashflows or income, etc. Considering these factors, the investor should decide his risk appetite and which asset he can invest in.  Considering this, the following are a few investment options that people generally undertake:  FD (Fixed Deposit) – A traditional tool of investment that provides steady returns of 5-7% over the period, but the return on FD generally fails to beat inflation.  PPF – A secure investment that provides a 7-8% (est.) return on your investment. It falls under the EEE(Exempt-Exempt-Exempt) concept, which means the principal amount, the interest earned, and the maturity amount of PPF are completely Tax-free.  LIP – Endowment plans are offered by life insurance companies that facilitate both risk protection and investment options, and many people consider these for the child’s investment planning.  Gold – Gold is one of the most popular investment options that act as a hedge against inflation.  Real estate – Although real estate provides decent return potential, it has limitations, such as high-ticket size, high transaction costs, high maintenance costs, illiquidity, etc.  If we look at all the above asset classes, they all come with various limitations, the primary and the most important being their underperformance against the elevated education inflation. Therefore, the investors lose their money in real terms if the investment cannot beat the education inflation, which is often seen in the case of the above asset classes. However, one asset class offers a solution to this and many other problems.   Mutual Funds - Investment in mutual funds is an excellent option. Mutual funds offer different products for the different needs of the investors. There is always a product available for every need of the investors. For example, investors can consider debt funds for short-term time horizons, which offer better return potential than bank deposits with lower risk. Hybrid funds can be considered for medium-term time horizons, providing limited growth potential and portfolio stability. Equity funds are suitable for long-term time horizons, which provide high growth potential with reduced volatility over a longer duration. Apart from this, mutual funds offer benefits such as professional money management, liquidity, diversification, lower ticket size, etc. Thus, parents can start their investment journey by regularly investing through SIP or one-time investment through lumpsum.  Top Performing Mutual Funds Following are some of the top-performing mutual funds from different categories:  Fund Name Category Sub-category Inception AUM  (Rs Cr) Expense Ratio 3Y Return  5Y Return  Nippon India Small Cap Fund Equity Small Cap 01-01-2013 43,816 0.67% 41.76% 30.94% HDFC Mid Cap Opportunities Fund Equity Mid Cap 01-01-2013 56,033 0.80% 32.32% 24.97% SBI Contra Fund Equity Contra 01-01-2013 21,482 0.69% 32.20% 26.29% DSP Nifty 50 Equal Weight Index Fund Equity Index (Large) 23-10-2017 1,004 0.40% 21.79% 18.48% HDFC Balanced Advantage Fund Hybrid Balanced Adv. 01-01-2013 73,349 0.80% 26.29% 19.43% ICICI Prudential Multi-Asset Fund Hybrid Multi-Asset 01-01-2013 30,650 0.84% 25.51% 19.79%  Note – All are Direct Plan and Growth Option; AUM and Expense ratio are as of December 31, 2023; 3Y/5Y returns are annualized and as on January 29, 2024  Source - valueresearch.com  Nippon India Small Cap Fund Nippon India Small Cap Fund is among the best performers and has consistently outperformed the category over the last 1/3/5/7/10 years.  It has delivered the highest returns in the category over the last 7 and 10 years and has been in the top 3 over the three and 5-year period.  The fund has delivered the best risk-adjusted returns over the last three years, depicted by the highest Sharpe ratio.  HDFC Mid Cap Opportunities Fund HDFC Mid Cap Opportunities Fund is the largest fund in the mid-cap space with an AUM of Rs. 56,033 crores and is the only fund in the category to have an AUM of more than Rs. 50,000 crores.    The fund has consistently outperformed the category and the mid-cap index over all the 1/3/5/7/10 years.  The fund has delivered better returns per unit of risk, depicted by the lower standard deviation and the beta compared with the category average.  SBI Contra Fund The fund follows a contrarian strategy while investing in equity and provides exposure to companies of all sizes.  The fund has been in existence for approximately 25 years and has generated a since inception return of 17.13% for its direct plan as of January 29, 2024.  The fund has delivered the best risk-adjusted returns in the category, as depicted by the highest Mean Return, Sharpe Ratio, Sortino Ratio and Alpha.  DSP Nifty 50 Equal Weight Index Fund This fund tracks the Nifty 50 Equal Weight TRI, providing exposure to large-cap equities where the probability for alpha generation is very low.    Compared with the Nifty 50 TRI, the Nifty 50 Equal Weight Index TRI has delivered better returns with lower volatility over a long-term period.  The fund has delivered an alpha of 4.23%, whereas the other funds in the category have barely managed to generate the alpha in the last three years.  HDFC Balanced Advantage Fund HDFC Balanced Advantage Fund is one of the oldest funds in India and is the largest fund in the balanced advantage category, with an AUM of Rs. 73,349 crores.  The fund has been the top performer in the category for over 1/3/5 years and has delivered an impressive return of 16.15% for its direct plan since its inception.  Although the fund has been volatile more than the category, it has delivered a significantly higher alpha of 10.98% compared to the category average of 2.62% over three years.  ICICI Prudential Multi-Asset Fund ICICI Prudential Multi-Asset Fund has the largest AUM of 30,650 crores in the category.  The fund provides exposure to various asset classes such as equities, debt, real estate, commodities, etc.  It has delivered a significantly higher alpha of 11.90% against the category average of 4.70% over the three years.  Note: All the details of the funds mentioned above are of direct plan growth option unless otherwise specified and as of January 29, 2024.   Source: valuereasearch.com  Investing in your child's future will provide a world-class education to help them remain competitive among peers. Here, competitive means allowing them to be well-settled with their career choices and to live a confident and happy life. The sooner you start, the better you can provide for your child eventually.  Choosing the right plan and sticking to your investment decision will reward you with an extensive corpus. Investors can research before selecting any fund or consult a financial advisor who can give investment advice suitable to their risk appetite.  Happy Investing!  Disclaimer - Mutual Fund investments are subject to market risks, read all scheme related documents carefully. The past performance of the mutual funds is not necessarily indicative of the future performance of the schemes. The mutual fund schemes mentioned are only for educational and informational purposes, and no investment is recommended.  Join our robust WhatsApp Community that helps parents invest!

Choosing between government and private colleges is a critical decision that greatly influences a student's educational journey. In India, this choice is often guided by factors such as the quality of education, infrastructure, faculty, placements, fees, and overall reputation. In this article, we will delve into the debate of government vs private colleges in India, taking a closer look at each aspect to help students make a well-informed decision. https://www.youtube.com/watch?v=gmV3uxT7cSw Best Choice: Government vs Private Colleges Advantages of Government Colleges Quality of Education: Government colleges in India have a long-standing reputation for providing high-quality education. These institutions often have experienced faculty members who possess extensive knowledge and expertise in their respective fields. The curriculum is well structured and designed to meet industry standards, ensuring a strong academic foundation. Affordability: Government colleges are known for their affordability compared to private colleges. The tuition fees in government institutions are usually lower, making education accessible to students from diverse socio-economic backgrounds. Additionally, government colleges may offer scholarships and financial aid programs to deserving students, further reducing the financial burden. Infrastructure and Resources: Government colleges typically boast well-established infrastructure and state-of-the-art facilities. They are equipped with extensive libraries, well-equipped laboratories, research centers, and other resources that facilitate holistic learning. The availability of such resources enhances the overall educational experience and enables students to engage in practical learning. Recognition and Reputation: Government colleges in India are highly recognized and hold a good reputation both nationally and internationally. Degrees obtained from government institutions often hold significant value in the job market. The reputation of these colleges can provide an advantage during job interviews and open up better career opportunities for graduates. Hidden College Fees Parents Need to Pay Read More Advantages of Private Colleges Specialized Courses and Flexibility: Private colleges in India often offer a wider range of specialized courses compared to government colleges. They are more agile in responding to changing market demands and can introduce new programs to meet industry requirements. Private colleges also provide greater flexibility in terms of curriculum design and course offerings, allowing students to tailor their education to their specific career goals. Industry Connect and Placements: Private colleges often have strong industry connections and collaborations, which can lead to better internship opportunities and campus placements. Many private colleges have dedicated placement cells that actively engage with employers and organize job fairs, thereby increasing the chances of securing employment after graduation. However, it is important to note that top government colleges like IIT, IIM, NIT, IIIT, SRCC, DU, etc., often have far better placements compared to many private institutions. Modern Infrastructure and Facilities: Private colleges invest significantly in infrastructure, providing modern facilities and amenities that create an optimal learning environment. They may have state-of-the-art classrooms, well-equipped labs, advanced technology resources, and interactive learning spaces that promote innovation and practical learning. These facilities contribute to a more enriching educational experience for students. Smaller Class Sizes and Personalised Attention: Private colleges generally have smaller class sizes compared to government colleges. This allows for more personalized attention from faculty members, fostering better student-teacher interactions, individualized guidance, and mentorship opportunities. The smaller class sizes create a conducive learning atmosphere where students can actively engage in discussions, seek clarifications, and receive personalized support. Government colleges in India are subsidized by the government, making them more affordable for students. The fees in government colleges vary depending on the course and the college. However, the average annual fee for a bachelor's degree in a government college in India ranges from Rs. 10,000 to Rs. 50,000. According to the All India Survey on Higher Education (AISHE) 2019-20, the average annual fee for a Bachelor of Technology (B.Tech) course in a government engineering college is Rs. 15,000. The average annual fee for a Bachelor of Medicine and Bachelor of Surgery (MBBS) course in a government medical college is Rs. 30,000. Cost of Studying in Private Colleges in India Private colleges in India are not subsidized by the government and have higher fees compared to government colleges. The fees in private colleges vary depending on the course and the college. However, the average annual fee for a bachelor's degree in a private college in India ranges from Rs. 50,000 to Rs. 2,00,000. According to the AISHE 2019-20, the average annual fee for a B.Tech course in a private engineering college is Rs. 1,50,000. The average annual fee for an MBBS course in a private medical college is Rs. 7,50,000. Comparison of Cost of Studying in Government and Private Colleges in India The following table compares the average annual fees for some popular courses in government and private colleges in India: CourseGovernment CollegePrivate CollegeB.TechRs. 15,000Rs. 1,50,000MBBSRs. 30,000Rs. 7,50,000MBARs. 30,000Rs. 3,00,000B.ComRs. 10,000Rs. 50,000B.ScRs. 10,000Rs. 70,000 Conclusion: When deciding between government and private colleges in India, it is crucial to consider individual preferences, career goals, and financial capabilities. Government colleges offer quality education at an affordable cost, strong infrastructure, and a recognized brand name. On the other hand, private colleges provide specialized courses, industry connections, modern facilities, and a more personalized learning experience. To make an informed decision, students should consider various factors such as the reputation of the institution, the course of study, placement records, and the overall fit with their aspirations and financial situation. It is advisable to refer to reliable college and university rankings such as the National Institutional Ranking Framework (NIRF) and QS World University Ranking. Additionally, connecting with seniors and alums from the college can provide valuable insights and help students gain a better understanding of the college culture, curriculum, and placement opportunities. Join our robust WhatsApp Community that helps parents invest! By considering all these factors, students can choose the college that aligns best with their aspirations and sets them on a path to success. Furthermore, if you require guidance and assistance in choosing your dream college, you can consult EduFund. Remember, the ultimate key to success lies not solely in the type of college you attend but in the determination, dedication, and passion you bring to your education. With the right mindset and a commitment to learning, you can excel in any institution and achieve your goals. So, make an informed choice, stay focused, and embark on your journey toward a bright and successful future. FAQs What are the advantages of government colleges? Affordability: Lower fees compared to private colleges. Quality education: Experienced faculty and well-structured curriculum. Strong reputation: Recognized degrees and good brand value. Infrastructure: Well-established facilities and resources. What are the advantages of private colleges? Specialized courses: Wider range of programs and flexibility in curriculum. Industry connections: Strong industry links for internships and placements. Modern facilities: State-of-the-art infrastructure and advanced resources. Smaller class sizes: Personalized attention from faculty and a better learning environment. How do I choose the right college? Consider individual preferences, career goals, financial situation, reputation, course options, placements, and rankings. What are the fee differences? Government colleges: Range from Rs. 10,000 to Rs. 50,000 annually. Private colleges: Range from Rs. 50,000 to Rs. 2,00,000 annually. Talk To An Expert

The Ivy League is a group of eight private colleges and universities located in the United States. The eight Ivy League schools are: Brown University Columbia University Cornell University Dartmouth College Harvard University University of Pennsylvania Princeton University Yale University These schools are known for their academic excellence, rigorous curriculum, and selective admissions process. They are also known for their long history and tradition, as well as their commitment to providing a well-rounded education that emphasizes critical thinking, intellectual curiosity, and leadership development. Graduates of Ivy League schools are highly sought after by employers and are often well-prepared for success in a variety of fields. Originally, the term "Ivy League" referred only to the athletic conference formed by these schools in 1954, but over time it has come to represent the group of institutions as a whole. How to get into IVY league Colleges from India? Getting into an Ivy League school in India can be a highly competitive process, but there are several steps you can take to increase your chances of success. Here is a step-by-step procedure to help you get started: Focus on academic excellence: Ivy League schools are known for their high academic standards, so it's important for Indian students to have a strong academic record. Indian students often follow the CBSE or ICSE curriculum, so it's important to aim for top grades in these programs. Ivy League schools typically look for students with a GPA of around 4.0 on a 4.0 scale. Indian students can also take Advanced Placement (AP) courses or International Baccalaureate (IB) courses to demonstrate their readiness for college-level coursework. Prepare for standardized tests: Ivy League schools require applicants to submit scores from standardized tests such as the SAT or ACT. Indian students can prepare for these tests by taking practice exams and reviewing the material covered on the tests. The average SAT score for admitted students at Ivy League schools ranges from 1470-1570 out of a possible 1600, while the average ACT score ranges from 32-35 out of a possible 36. Indian students can also take the SAT Subject Tests to demonstrate their proficiency in specific subjects. Build a strong extracurricular profile: Ivy League schools are interested in well-rounded applicants who have demonstrated leadership, creativity, and a commitment to their communities. Indian students can participate in extracurricular activities such as sports, music, dance, drama, or community service. Ivy League schools value leadership, so Indian students should aim to take on leadership roles in their extracurricular activities. Get involved in research or internships: Ivy League schools place a strong emphasis on research and internships, so Indian students can gain experience in these areas by working with professors or professionals in their field of interest. Indian students can also participate in research programs or internships in India or abroad Seek out strong letters of recommendation: Ivy League schools require letters of recommendation from teachers or other professionals who know the student well. Indian students should choose recommenders who can speak about their academic abilities, character, and potential. Indian students can seek recommendations from their teachers, coaches, or mentors. Write a compelling personal statement: The personal statement is an important part of the application for Ivy League schools. Indian students should write a well-crafted essay that showcases their personality, experiences, and goals. The essay should highlight the student's strengths and demonstrate their fit for the Ivy League school they are applying to. Apply early: Ivy League schools offer early decision and early action options, which can increase the student's chances of acceptance. Indian students can apply early if they feel confident about their application. However, it's important to note that an early decision is binding, meaning that if the student is accepted, they are obligated to attend the school. https://www.youtube.com/watch?v=peDFdmed0Nw Remember that the application process for Ivy League schools is highly competitive, and there are no guarantees of acceptance. However, by focusing on academic excellence, engaging in extracurricular activities, gaining experience in research or internships, and presenting a strong application, you can increase your chances of success. The fee structure for international students at Ivy League schools can vary depending on the school and the program. Generally speaking, Ivy League schools are among the most expensive colleges in the United States, with total costs of attendance ranging from $70,000 to $80,000 per year for international students. This includes tuition, fees, room and board, books, and other expenses. Here's the table that breaks down the approximate annual costs for international students at Ivy League schools into tuition and living expenses, converted into Indian rupees: Ivy League SchoolApproximate Annual Tuition Cost for International Students (in INR)Approximate Annual Living Expenses for International Students (in INR)Brown University₹54,01,519₹19,08,664Columbia University₹53,75,521₹19,41,572Cornell University₹53,64,333₹18,83,983Dartmouth College₹52,41,462₹18,98,450Harvard University₹47,11,883₹18,79,900University of Pennsylvania₹48,24,982₹16,52,230Princeton University₹49,14,461₹15,80,265Yale University₹53,25,165₹16,70,038 It's important to note that these figures are estimates and that the actual cost of attendance may vary depending on factors such as the student's program, housing arrangements, and personal expenses. International students may also be required to purchase health insurance, which can cost several thousand dollars per year. Additionally, the exchange rate may also vary, so the above figures are subject to change. Many Ivy League schools offer financial aid to international students, but the availability and amount of aid can vary depending on the school and the student's financial need. It's important for international students to research the financial aid options available to them and to plan ahead for the costs of attending an Ivy League school. How can EduFund help you? Receive guidance from top-notch education counselors of your choice on the EduFund's app and get assistance in acing the admissions process, clearing all your doubts, and securing a spot in your dream university. Our partners are highly sought-after study abroad consultants in India, making EduFund a reliable source for one-on-one counseling. Sign up now!

A degree is necessary for success in today's extremely competitive work market. However, soaring college fees have turned into a serious hurdle for many people who want to pursue their aspirations. The good news is that degrees with a high return on investment (ROI) are still accessible and reasonably priced.  These degrees provide students with a valuable opportunity to gain the knowledge and skills necessary for lucrative careers without burdening themselves with excessive student loan debt. This blog post will explore some of the most affordable degrees with high ROI, enabling individuals to make informed decisions about their educational and financial futures. What does ROI mean? ROI is a metric used to compare a financial advantage, such as an annual income, to the investment made to obtain that benefit, such as college tuition. When you make back more money than you spent, you have a positive ROI. For instance, it's crucial for medical students to locate employment that will allow them to repay their $200,000(INR 1.64 cr) in school debt and make enough money to maintain themselves. Lucrative employment offers them a great return on their educational investment. Degrees with high ROI Abroad? Read More Affordable Degrees | Optimize Your ROI 1. Computer Science and Information Technology The demand for experts in computer science and information technology is rising as a result of the quick development of technology. Earning a degree in this area of study might open up lucrative job options. Programs in computer science and information technology are available online and in many accessible universities and colleges. These programs frequently include practical experience, internships, and links to the business, all of which considerably improve graduates' employability. Graduates with a degree in computer science can expect average salaries ranging from $65,000 to $120,000 (INR 53.3 to 98.4 lakhs)  per year, depending on factors such as specialization and location. 2. Nursing and Healthcare Nursing and healthcare degrees are widely sought after since the global healthcare business is one of the fastest-growing industries. Numerous respectable universities provide reasonably priced associate's and bachelor's degree nursing programs. Nursing graduates frequently land in highly sought-after, lucrative careers, making this degree a great financial investment. A job in healthcare also offers the chance to improve people's lives, which adds to its inherent rewards. Nurses with a bachelor's degree can earn average salaries between $60,000 (INR 49.2 Lakhs) and $100,000 (INR 82 Lakhs) per year, depending on their location and level of experience. https://www.youtube.com/watch?v=q5JdCRkgcT8 3. Engineering Mechanical, civil, electrical, and aerospace engineering degrees routinely rank among the most cost-effective degrees with the highest ROI. Many businesses, including manufacturing, construction, and technology, are in need of engineering graduates. These courses often give students a strong foundation in science, math, and problem-solving techniques. Additionally, university-sponsored engineering co-ops and internships enable students to network with future employers while gaining real-world experience. Although this degree typically requires a higher upfront investment, graduates can enjoy high earning potential, with average salaries ranging from $90,000 to $150,000 (INR 73.8 to 1.2 cr) per year. 5 Degrees that provide better ROI Abroad than in India Read More 4. Business Administration and Management A degree in business administration or management opens doors to a wide range of career paths and can be obtained at affordable institutions. These programs equip students with essential skills in leadership, finance, marketing, and entrepreneurship. Graduates often find employment in various industries, such as finance, consulting, and marketing. Moreover, pursuing an affordable business degree can also serve as a stepping stone for aspiring entrepreneurs, providing them with the knowledge and network necessary to start their own successful ventures. Depending on their role and experience, professionals in this field can earn average salaries between $60,000 (INR 49.2 Lakhs) and $120,000* (INR 94.8 Lakhs) per year. 5. Renewable Energy and Environmental Science Degrees in environmental science and renewable energy have become increasingly important as the globe concentrates on sustainability and tackling climate change. Numerous colleges provide reasonably priced courses in environmental sciences, environmental engineering, and renewable energy. Graduates in this sector can benefit from great employment possibilities while also helping to create a more sustainable future. Professionals in this sector should anticipate competitive remuneration and long-term job security as a result of the growing need for renewable energy solutions. Professionals in the field of environmental science can earn average salaries between $50,000 (INR 41 Lakhs) and $80,000 (INR 65.6 Lakhs) per year, depending on their specific role and industry. Research respected universities that provide top-notch programs and have a history of turning out successful graduates while looking for cheap degrees. Scholarships and other forms of financial assistance can also lessen the cost of attending college. The secret is to select a degree that fits your hobbies and interests while also taking the cost into account. You may open up a world of options and start along a path to professional and financial success by making an informed choice and making a judicious investment in a degree that is cheap and has a good return on investment.

Are you planning to go abroad to countries like the UK or Canada? Have you compared the cost of living in the UK vs Canada for international students yet? Don’t worry, in this blog, we are going to give you a ballpark figure for both countries to help you prepare monetarily! Both countries have a rich history in academia and offer world-renowned universities and colleges. The UK is home to prestigious institutions such as the University of Oxford, the University of Cambridge, and Imperial College London, while Canada boasts top universities such as the University of Toronto, the University of British Columbia, and McGill University. Both countries offer a wide range of courses across various disciplines, with some of the most popular courses including Business, Engineering, Computer Science, and Medicine. International students have the opportunity to receive a high-quality education and gain valuable international experience while studying in the UK or Canada. Studying abroad is a dream for many Indian students, but it can often come with a hefty price tag. The cost of living and tuition fees vary greatly depending on the country and city you choose to study in. In this article, we will compare the costs of living and studying in the UK and Canada for international Indian students. We will also compare the costs of living in the two countries.  Cost of Living & Studying Comparison: UK vs Canada 1. Tuition Fees The cost of tuition fees can vary depending on the course and university you choose to attend. In the UK, international students can expect to pay an average of £20,000 to £30,000 per year for undergraduate courses (equivalent to INR 20,00,000 to INR 30,00,000) and £15,000 to £20,000 per year for postgraduate courses (equivalent to INR 15,00,000 to INR 20,00,000), according to the UK Council for International Student Affairs. In Canada, the average cost of tuition fees for international students is CAD 27,159 per year for undergraduate courses (equivalent to INR 14,84,000) and CAD 16,497 per year for postgraduate courses (equivalent to INR 9,02,000), according to the Canadian Bureau for International Education. https://www.youtube.com/watch?v=o-xEGg3N0Os 2. Housing Expenses The cost of housing can vary depending on the location and type of accommodation. In the UK, international students can expect to pay an average of £500 to £700 per month for a shared room in a student accommodation (equivalent to INR 50,000 to INR 70,000) or £800 to £1,200 per month for a one-bedroom apartment (equivalent to INR 80,000 to INR 1,20,000), according to the UK Council for International Student Affairs. In Canada, the cost of accommodation can range from CAD 500 to CAD 1,500 per month (equivalent to INR 27,500 to INR 82,500), depending on the location and type of accommodation, according to the Canadian Bureau for International Education. https://www.youtube.com/watch?v=HkkgFT67GdU 3. Everyday Expenses Everyday expenses such as food, clothing, and entertainment can vary depending on the location. In the UK, international students can expect to spend an average of £200 to £300 per month on food (equivalent to INR 20,000 to INR 30,000), £50 to £100 per month on clothing (equivalent to INR 5,000 to INR 10,000), and £50 to £100 per month on entertainment (equivalent to INR 5,000 to INR 10,000), according to the UK Council for International Student Affairs. In Canada, international students can expect to spend an average of CAD 250 to CAD 350 per month on food (equivalent to INR 13,750 to INR 19,250), CAD 50 to CAD 100 per month on clothing (equivalent to INR 2,750 to INR 5,500), and CAD 50 to CAD 100 per month on entertainment (equivalent to INR 2,750 to INR 5,500), according to the Canadian Bureau for International Education. https://www.youtube.com/watch?v=x9B8449Iuw4 4. Transportation Expenses Transportation expenses can vary depending on the location and mode of transportation. In the UK, international students can expect to spend an average of £50 to £100 per month on public transportation (equivalent to INR 5,000 to INR 10,000), according to the UK Council for International Student Affairs. In Canada, transportation costs can range from CAD 90 to CAD 130 per month (equivalent to INR 4,950 to INR 7,150), depending on the location and type of transportation, according to the Canadian Bureau for International Education. https://www.youtube.com/watch?v=nyV0rwJu-7c 5. Healthcare Expenses Healthcare is another important expense for international Indian students studying in the UK or Canada. In the UK, international students are eligible for free healthcare under the National Health Service (NHS) if they are enrolled in a course that lasts for six months or longer. However, international students may still need to pay for prescription charges and dental treatment. In Canada, international students are required to have health insurance. Many universities offer health insurance plans, but students may need to pay additional fees for coverage. 6. Flights Back to India International students also need to factor in the cost of flights back to India, which can vary depending on the location and time of year. In the UK, international students can expect to spend an average of £500 to £700 per round-trip ticket to India (equivalent to INR 50,000 to INR 70,000), according to the UK Council for International Student Affairs. In Canada, international students can expect to spend an average of CAD 1,200 to CAD 1,800 per round-trip ticket to India (equivalent to INR 66,000 to INR 99,000), according to the Canadian Bureau for International Education. Education Loan Process for Studying in Canada Read More Living & Studying Costs UK vs Canada: Which is Cheaper? Conclusion the cost of living and studying in the UK and Canada can be expensive for international Indian students. While the cost of tuition fees and housing in the UK may be higher than in Canada, the cost of everyday expenses, transportation, and flights back to India may be lower in the UK. It is important for international students to research and understand the expenses associated with studying in both countries and plan accordingly.

Germany has long been recognized as a hub for higher education, renowned for its academic excellence and affordability. International students seeking quality education often gravitate towards Germany's universities, where they can pursue their dreams without breaking the bank. Let's delve into the world of affordable education and explore some of the cheapest universities in Germany for international students. https://www.youtube.com/watch?v=ly0C1VM7YFc 1. Humboldt University of Berlin Situated in the vibrant capital city of Berlin, Humboldt University stands as one of Germany's oldest and most esteemed institutions. Known for its diverse range of courses spanning humanities, social sciences, and natural sciences, this university offers an exceptional educational experience. What makes it even more attractive is the affordable tuition fee of just €310 per semester, allowing international students to pursue their academic aspirations without financial strain. The Humboldt University of Berlin provides a dynamic and intellectually stimulating environment that fosters academic growth and personal development. With a history dating back over 200 years, this prestigious institution has established itself as a leader in research and education. Students can choose from a wide range of programs, including philosophy, history, sociology, biology, and physics. The affordable tuition fee of €310 per semester makes it an accessible choice for international students, enabling them to fully immerse themselves in Berlin's vibrant cultural scene while pursuing their academic goals. Education Loan Process for Germany Read More 2. University of Bremen Nestled in the picturesque city of Bremen, the University of Bremen offers a broad spectrum of courses in natural sciences, social sciences, and humanities. With its emphasis on interdisciplinary studies and innovative research, this institution provides an enriching academic environment. The modest tuition fee of €350 per semester makes it an affordable choice for international students. The University of Bremen is renowned for its commitment to interdisciplinary learning and cutting-edge research. Students have the opportunity to explore various fields of study and engage in collaborative projects that address real-world challenges. Whether it's pursuing studies in environmental sciences, psychology, political science, or cultural studies, the university offers a supportive and intellectually stimulating atmosphere. With a tuition fee of just €350 per semester, international students can access high-quality education without compromising their financial stability. Scholarships in Germany Read More 3. University of Cologne The University of Cologne, located in the vibrant city of Cologne, is renowned for its outstanding programs in law, economics, and social sciences. With a rich history dating back centuries, this university combines tradition with cutting-edge research and teaching methods. International students can pursue their educational journey at this esteemed institution for a tuition fee of just €293 per semester. The University of Cologne has established itself as a premier institution for the study of law, economics, and social sciences. With renowned faculty members and state-of-the-art facilities, students receive a world-class education that prepares them for successful careers in their chosen fields. The university's commitment to interdisciplinary approaches fosters critical thinking and problem-solving skills. The affordable tuition fee of €293 per semester allows international students to fully immerse themselves in the vibrant academic and cultural atmosphere of Cologne while pursuing their academic goals. Living Expenses in Germany Read More 4. Heidelberg University Heidelberg University, one of Germany's oldest universities, boasts a picturesque campus situated in the charming city of Heidelberg. Offering a wide range of courses in humanities, social sciences, and natural sciences, this institution provides a world-class education at an incredibly low tuition fee of €160 per semester. Students can immerse themselves in the vibrant academic and cultural atmosphere of Heidelberg without worrying about excessive financial burdens. Heidelberg University stands as a symbol of academic excellence and cultural heritage. With its stunning campus and rich history, the university offers a truly immersive educational experience. Students can choose from a diverse range of programs, including literature, history, political science, biology, and chemistry. The university's commitment to research and innovation ensures that students receive a comprehensive and up-to-date education. The remarkably low tuition fee of €160 per semester makes Heidelberg University an attractive choice for international students seeking affordable academic opportunities. 5. Affordable Private Universities While public universities in Germany often offer affordable education, there are also some private institutions that strive to make quality education accessible to international students. Although the tuition fees are higher at private universities, they still provide a more affordable alternative compared to universities in many other countries. Here are a few notable private universities: Study MS in Germany Read More 6. New European College Located in Munich, the New European College focuses on business administration programs. While the tuition fees at private institutions tend to be higher, ranging from €22,000 to €40,000 per academic year, this college offers a comprehensive curriculum that equips students with the skills needed for success in the business world. The New European College in Munich is dedicated to providing a dynamic and industry-focused education in the field of business administration. Students benefit from a hands-on learning approach that combines theoretical knowledge with practical application. The college's faculty, composed of experienced professionals and academics, ensures that students gain relevant insights into the global business landscape. Despite the higher tuition fees, the investment in education at the New European College can prove to be a valuable stepping stone toward a successful career. https://www.youtube.com/watch?v=tdwqQH0xkFw 7. Berlin School of Business and Innovation Situated in Berlin, the Berlin School of Business and Innovation offers business administration programs designed to meet the demands of the modern corporate landscape. Despite the higher tuition fees, the college's emphasis on practical knowledge and real-world applications provides a valuable educational experience. The Berlin School of Business and Innovation (BSBI) is committed to preparing students for the challenges of the business world through a practical and innovative approach. The college offers a range of business administration programs that integrate theoretical concepts with hands-on experience. Students have the opportunity to work on real projects, interact with industry professionals, and develop the skills necessary for success in the global marketplace. While the tuition fees at BSBI are higher, the investment in education can pave the way for a rewarding career in business. https://www.youtube.com/watch?v=awKjIuVlRAQ 8. GISMA – Business School Hannover is home to GISMA – Business School, which offers business administration courses. By offering a blend of theoretical knowledge and practical exposure, this institution prepares students for the challenges of the business field. While the tuition fees are higher, the investment can prove worthwhile in terms of career prospects and personal growth. GISMA – Business School in Hannover is dedicated to nurturing future business leaders through a comprehensive and industry-relevant curriculum. The school's programs emphasize a balance between theoretical foundations and practical skills development. Students benefit from industry connections, guest lectures, and internship opportunities, which provide invaluable insights into the business world. While the tuition fees at GISMA – Business School are higher, the investment in education opens doors to a range of career opportunities and personal growth. 9. Arden University Based in Berlin, Arden University offers a diverse range of programs in business, law, and healthcare. With a focus on flexibility and career-oriented learning, this private institution equips students with the necessary skills for their chosen industries. Though the tuition fees are higher, they are still relatively affordable compared to private institutions in other countries. Arden University in Berlin is committed to providing accessible and career-focused education to international students. The institution offers a wide array of programs, including business, law, and healthcare, tailored to meet the demands of the modern job market. Arden University's flexible learning options, including online and blended learning, allow students to balance their studies with other commitments. The tuition fees, although higher than those of public universities, offer a cost-effective alternative for students seeking quality education in their desired fields. Conclusion Germany stands as a beacon of affordable education for international students, offering a multitude of options to pursue their academic goals. Whether you choose one of the affordable public universities like Humboldt University of Berlin or Heidelberg University or opt for a private institution like New European College or Arden University, you can be assured of a quality education without exorbitant tuition fees. Germany's commitment to accessible education has made it an attractive destination for ambitious students seeking affordable and prestigious degrees. By taking advantage of the affordable universities in Germany, international students can embark on a transformative educational journey while building a strong foundation for their future careers.

India, with its vast diversity and rich cultural heritage, is renowned not only for its bustling markets and historical landmarks but also for its esteemed educational institutions. When it comes to pursuing a Master of Business Administration (MBA) degree, India stands out as a prime destination, offering some of the best MBA colleges in the world. While the cost of an MBA in India is relatively lower compared to countries like the United States, Canada, and the United Kingdom, certain institutions command a higher price tag due to their exceptional quality, unmatched academic rigor, and outstanding faculty. In this article, we will delve into the most expensive MBA colleges in India, exploring what sets them apart and why they are worth the investment. Indian School of Business (ISB), Hyderabad Topping the list of the most expensive MBA colleges in India is the Indian School of Business (ISB), located in Hyderabad. Renowned as India's most expensive private business school, ISB sets its tuition fees at an impressive INR 34,63,000 ($42k). However, this considerable cost is more than balanced out by the institution's remarkable salary statistics and exceptional return on investment. Graduates of ISB's MBA-equivalent Program in Management (PGP) witness a staggering 184% increase in their pre-enrollment salary within just three years of graduation. This remarkable feat remains unmatched globally. In 2022, the Financial Times recognized ISB graduates as achieving the highest salary percentage increase among graduates from business schools worldwide. Cost to Study MBA in India Read More Xavier School of Management (XLRI), Jamshedpur Steeped in history and recognized for its stellar faculty and rigorous curriculum, the Xavier School of Management (XLRI) stands as one of the oldest and most prestigious business schools in India. The two-year MBA program at XLRI demands a total fee of approximately INR 25 lakhs. While this may seem substantial, the investment is well worth it, considering XLRI's unwavering commitment to academic excellence and holistic development. The institute's rigorous curriculum equips students with the skills and knowledge needed to excel in the corporate world. Moreover, XLRI's strong industry connections and placement record ensure lucrative career opportunities for its graduates. Scholarships for MBA in India Read More Indian Institute of Management (IIM), Ahmedabad When discussing the most prestigious business schools in India, the Indian Institute of Management (IIM), Ahmedabad, undeniably occupies a prominent position. Known for its rigorous academic curriculum, exceptional faculty, and unparalleled reputation, IIM Ahmedabad charges a total fee of around INR 23 lakhs for its two-year MBA program. The institute's commitment to academic rigor and its emphasis on fostering leadership skills have propelled it to global recognition. The comprehensive program at IIM Ahmedabad ensures that students are equipped with the knowledge, analytical thinking abilities, and problem-solving skills necessary to thrive in the dynamic business environment. Indian Institute of Management (IIM), Bangalore Another gem among India's elite business schools is the Indian Institute of Management (IIM), Bangalore. With its world-class faculty, rigorous academic curriculum, and emphasis on innovation, IIM Bangalore nurtures visionary leaders in the business world. The two-year MBA program at IIM Bangalore commands a total fee of around INR 23 lakhs. The institute's focus on experiential learning, case studies, and industry immersion ensures that graduates emerge as well-rounded professionals ready to make a significant impact in their respective fields. The extensive network and strong alumni base further contribute to the exceptional career opportunities available to IIM Bangalore graduates. Conclusion While the cost of pursuing an MBA in India may be relatively more affordable compared to certain Western countries, the most expensive MBA colleges in India offer an unparalleled educational experience that justifies their price tag. Institutions such as ISB, XLRI, IIM Ahmedabad, and IIM Bangalore not only provide a transformative academic journey but also pave the way for lucrative career prospects. The investment in these esteemed institutions is a testament to the value they bring in terms of intellectual growth, professional development, and global networking opportunities. Aspiring business leaders seeking excellence and ready to embark on an educational adventure will find these institutions to be the epitome of world-class management education right in the heart of India. The rich heritage, diverse culture, and global outlook of these institutions make them a destination of choice for those who aspire to shape the future of business and leadership.

Securing an education loan for abroad studies opens the door to a world of academic and personal growth. Let’s break down the process for getting educational loans for abroad studies and find out the eligibility criteria, documents needed, how to get an education loan, and much more. Education Loans for Abroad Studies In an increasingly interconnected world, pursuing education abroad has evolved from being a mere aspiration to a transformative experience. The exposure to diverse cultures, cutting-edge academic programs, and unparalleled opportunities for personal growth has made international education a sought-after endeavour. However, the costs associated with studying abroad can be overwhelming. This is where investment in education loans comes to the rescue, acting as a bridge between dreams and reality. https://www.youtube.com/watch?v=4gTQkdePOWM Are you eligible to get a study loan abroad? To be eligible, applicants often need to meet certain requirements that the bank has set. For instance, if you are applying for a study loan to study abroad from India then here are the basic eligibility criteria that you need to meet. The applicant must be 16 years old and an Indian citizen Co-applicants must be an Indian citizen Ability to offer collateral for certain cases Co-borrower(s) must have a bank account in any bank in India with cheque facilities and a good credit history. Confirmed admission to the colleges before disbursement. Admission Confirmation: Having an admission offer from a recognized foreign institution is a prerequisite for applying for an education loan. The institution's reputation and the chosen course play a role in determining loan approval. Co-Applicant/ Guarantor: Many lenders require a co-applicant, usually a parent or guardian, to share the responsibility of repaying the loan. The co-applicant's financial stability can influence the loan's terms. Collateral: Depending on the loan amount, lenders might ask for collateral as security. Property, fixed deposits, or other priceless assets can be used as collateral. Eligibility criteria differ on the basis of your nationality. Co-Applicant Education Loan Guide Read More How should you apply for an education loan abroad? Navigating the education loans for abroad studies application process can be overwhelming, given the multitude of options and procedural complexities. To get an education loan, you can visit public and private banks and international lenders, find out the interest rate and start the process with your chosen provider. Rather than visiting all the banks, you can opt for an education loan counselor. An educational loan counselor is an expert who serves as an intermediary between aspiring students and financial institutions, helping them find the best loan options tailored to their needs. They streamline the loan application process, help with documentation, and get your fast approval. Education loan counselors can help you save both time and effort. https://www.youtube.com/watch?v=fufyFB9aMQI Documents you need for an Education Loan When applying for an education loan, the documentation process is a crucial step. Commonly required documents you must have: Loan application form Passport-size photos PAN card and Aadhar card Indian passport (if you are going abroad) Marksheets for 10th, 12th & Graduation Entrance exam results (like IELTS, GMAT, GRE, TOEFL, etc.) Offer letter or a conditional admission letter (if received) Work experience proof (if any) In the case of self-employed co-applicant 8-month bank statements of savings & current account 2- years ITR statement Collateral documents (if needed) In the case of salaried co-applicant6-month bank statements of the salary account of the co-applicant2-year ITR / FORM 16 co-applicant3-month salary slips Collateral documents (if needed) How to use the Education Loan Calculator for abroad studies? An education loan calculator is a way to find out the monthly payments you will be making to close your student loan! An education loan for abroad studies is a huge responsibility, and the calculator helps you find out the EMIs you will potentially be repaying, the duration of repayment, and the total payable amount after adding the interest. It’s very easy to use and can help you determine the future EMIs on your loan. For instance, you decide to take a loan of Rs. 25,00,000 at an interest rate of 10%. The decided loan tenure is 10 years. If you put all these details in an educational loan calculator, it will tell you the exact EMI amount, which is Rs. 33,038, the total payable amount, that is Rs. 39,64,522 along with the payable interest amount (Rs. 14,64,522) on top of the principal amount of Rs. 25 lakhs. An education loan calculator is a powerful tool that helps you prepare for the future, let's gauge the estimated costs you will be repaying and helps you budget for it in advance. What is the interest rate of education loans abroad? The interest rate depends on many factors. The interest rate of education loans for abroad studies is determined by the bank, individual profile, co-applicant history, and whether it’s a secured or unsecured loan. If you are applying with EduFund, you can get low and attractive interest rates starting from 9% with the top loan providers like Prodigy Finance, IDFC First Bank, ICICI Bank, Axis Bank, and many more. Things to Know Before Choosing an Education Loan Selecting the right education loan requires a careful evaluation of several factors: Interest Rate: The interest rate significantly impacts the overall cost of the loan. For the best deal, compare the rates provided by several lenders. Repayment Tenure: Longer repayment tenures might result in lower monthly installments but higher overall interest payments. Choose a tenure that aligns with your financial plans. Processing Fees: Understand the processing fees associated with the loan application. Some lenders might have hidden charges that could affect your repayment burden. Tax Benefits: In some countries, education loan interest payments are eligible for tax deductions. Familiarize yourself with the tax implications of the loan. Prepayment Terms: Check if the lender allows prepayment without penalties. This can help you save on interest payments if you have the means to repay the loan early Higher interest rate of education loans for abroad:  While investing in education loans serves as a lifeline for many students aspiring to study overseas, the interest rates can vary significantly. Factors like the bank's policies, the applicant's credit history, and the loan type (secured or unsecured) play a role in determining the interest rate, exchange rate fluctuations, repayment challenges in foreign currency, and the global economic scenario. https://www.youtube.com/watch?v=TJ4qgFj46Uw Importance of selecting the right repayment plan Choosing the right repayment plan for your education loan is a critical decision that can significantly impact your financial well-being post-graduation. Financial institutions often offer various repayment options, such as fixed, variable, or income-based plans. Understanding the nuances of each plan and aligning it with your future income projections and financial goals can ensure a smoother repayment process and alleviate undue stress. Partnering with EduFund: Shaping a Bright Future for International Education Pursuing education abroad is a transformative experience that opens doors to academic and personal growth. However, the costs associated with international education and education loans for abroad studies can be daunting. Amidst this process, EduFund stands as a reliable partner, offering attractive interest rates and partnering with esteemed institutions to make the dream of studying abroad a reality. EduFund provides access to a range of loan providers, each with its own interest rate structures. Keeping in mind that lower interest rates can significantly reduce the long-term financial burden, applicants should strive to secure the best possible rate for their circumstances. With EduFund's support, students can embark on their educational journey confidently, knowing that their financial needs are well taken care of. FAQs Can I apply for a loan before receiving the admission offer? It's recommended to have an admission offer in hand before applying for a loan, as lenders often require it for processing. What's the typical loan repayment grace period after completing the course? What's the typical loan repayment grace period after completing the course? Does a good credit score essential for loan approval? While a good credit score can enhance your chances of approval, some lenders offer loans to students with co-applicants who have strong credit profiles. What happens if I'm unable to secure a job immediately after completing the course? Some lenders offer extended grace periods or flexible repayment options for students who face challenges in finding employment Can I get a loan for living expenses in addition to tuition fees? Some lenders do offer education loans that cover both tuition fees and living expenses. Check with the lender for specific terms. An education loan for abroad studies bridges the financial gap between your aspirations and the realization of international education. EduFund aims to help you bridge that gap by offering low and attractive interest rates on your education loan. EduFund connects you with India’s top lenders, helps you compare loan plans, and even get collateral-free education loans up to Rs. 1 crore!

Education is an essential element of human life that shapes one's personality, thinking, and behavior. School education is the foundation of an individual's academic journey, and it plays a crucial role in shaping a person's future. In India, the education system comprises two major stages - primary and secondary education. Both stages are critical for a student's development, and they differ in several aspects. In this article, we will explore the differences between primary and secondary education in India. Create Goal for Education Needs 1. Curriculum: Primary education in India focuses on building a strong foundation in basic subjects like Mathematics, Science, English, Social Studies, and Languages. In contrast, secondary education is more specialized and focuses on specific subjects and streams like Science, Commerce, and Humanities. 2. Teaching Methodology: Primary education in India uses interactive and activity-based teaching methods aimed at engaging young students and developing their critical thinking skills. On the other hand, secondary education emphasizes a more lecture-based approach that focuses on in-depth analysis and independent thinking. Private Schools vs Public Schools Read More 3. Assessment: In primary education, assessments are often informal and continuous, with a focus on evaluating a child's progress through class participation, homework, and periodic tests. In contrast, secondary education assessments are more formal and rigorous, with board exams held at the end of classes 10 and 12. 4. Infrastructure: Primary schools in India are generally smaller and have basic facilities like classrooms, a playground, and a library. In contrast, secondary schools are larger and more complex, with specialized labs, computer rooms, and sports facilities. 5. Teachers: Primary school teachers in India are responsible for teaching a wide range of subjects and developing a child's overall personality. In contrast, secondary school teachers are more specialized and focus on specific subjects and streams, preparing students for higher education and specialized careers. 6. Student Age: In India, primary education generally starts at the age of 5 and continues until the age of 10, while secondary education begins at the age of 11 and continues until the age of 17. This age difference often results in variations in behavior, learning styles, and academic needs. 7. Social Environment: Primary schools in India tend to have a more nurturing and supportive environment, with teachers, and staff focused on the overall development of a child. In contrast, secondary schools are often more competitive and formal, with a focus on academic achievement and career preparation. Conclusion: Primary and secondary education in India have significant differences in terms of curriculum, teaching methodology, assessment, infrastructure, teachers, student age, and social environment. Understanding these differences is crucial for parents, students, and educators to make informed decisions about education and ensure that students receive the best possible learning experience at every stage of their academic journey. A well-rounded education that addresses a child's academic, social, and emotional needs is essential for their overall growth and development. By recognizing the differences between primary and secondary education in India, we can ensure that students receive the best possible education and prepare them for a successful future. Talk to an Expert

Parents can choose between a variety of education boards in India. India's education system has undergone significant changes in the past few years. Innovative approaches are being applied in schools. The framework is working to ensure that students receive a top-notch education; and a lot more. Let’s find out which is the best education board in India to help you choose the best for your child. List of Education Boards in India Before diving into the best education boards in India, here is a list of all the education boards in India: Central Board of Secondary Education (CBSE) Indian School Certificate (ISC) Indian School Certificate Examinations (ISCE) International Baccalaureate (IB) National Institute of Open Schooling (NIOS) State Boards in India Andhra Pradesh Board of Intermediate Education (BIEAP) Andhra Pradesh Board of Secondary Education (BSEA) Bihar School Examination Board (BSEB) Board of Secondary Education Rajasthan (RBSE) Chhattisgarh Board of Secondary Education (CGBSE) Gujarat Secondary and Higher Secondary Education Board (GSEB) Himachal Pradesh Board of School Education (HPBOSE) Haryana Board of School Education (HBSE) Jammu and Kashmir State Board of School Education (JKBOSE) Madhya Pradesh Board of Secondary Education (MPBSE) Maharashtra State Board of Secondary and Higher Secondary Education (MSBSHSE) Punjab School Education Board (PSEB) Uttar Pradesh State Board of High School and Intermediate Education (UP Board) West Bengal Board of Secondary Education (WBBSE) West Bengal Council of Higher Secondary Education (WBCHSE) https://www.youtube.com/watch?v=nmI8sKNAxlU&t=1537s Source: EduFund Best Education Boards in India for schooling If you're looking to figure out what's good and bad about different syllabi and education boards, here's a list of the most popular and best education boards in India for education. 1. State Boards State boards are amongst the most popular education boards in India. This education board is unique and distinct to each state, with its special curriculum and grading standards. As one of the premier educational boards in India, every state board has its educational strategy, resulting in curricular variations from one state to the next in India. It focuses on state-level subjects and local material, allowing students to prepare for state-level professional and healthcare admission exams. Some state boards have mandated all schools to use only NCERT texts, which are required for students to prepare for pan-India exams. Features  The medium of instruction is the state’s regional language along with English.   The syllabus is designed by the Department of Education of the specific government. For example, the Maharashtra State Board of Secondary & Higher Secondary Education is given by the local government’s education department.   Domicile students of the state have an advantage over other students.  The syllabus recognizes and includes the local culture and traditions   State boards are relatively cost-effective and have affordable fee structures  Advantages  The syllabus is easy to understand when compared to other boards. It is customized for state students.   The second language is generally the state language which strengthens the love for languages and helps the students learn their mother tongue academically.   The state board schools are relatively cheaper and more affordable. The tuition fees are less when compared to private schools offering CBSE, Cambridge, or IB board.   It is easier to score in state boards than in national boards like CBSE, ICSE, or IB.   State boards offer less competition and allow students to grow at their own pace.   Disadvantages  The state board's syllabus is not uniform and can be tough for students whose parents move a lot across India.   State boards offer limited subjects and may have a regional bias based on the state. The syllabus is generally influenced by the state, its language, local culture, and history.   State boards are not an ideal choice for higher education as they may not be accepted by all universities.   Marking schemes are lax and allow students to score better in exams but these scores are not real indicators of academic excellence.   State board books are not a standard material for national entrance exams and students may have to buy NCERT books along with their state board books to prepare for 12th and entrance exams.  https://www.youtube.com/watch?v=v4gmR-U_vHA 2. Central Secondary Education Board (CBSE) CBSE (Central Board of Secondary Education) is one of India's most important and possibly most widely recognized education boards. CBSE has managed this by implementing traditional teaching frameworks in most of the country's schools. This also refers to the national level board that is followed by many private and public schools around the country.  The board gives exams to both regular and private students. Candidates interested in distance learning can apply for admissions and evaluations. Following grade 10, CBSE offers a variety of subjects in science, business, and humanities to its students. After completing high school, students can submit applications to various universities for further education. CBSE is the most widely used and recognized board in India today. CBSE has succeeded in establishing a universal education board for the majority of schools in the country. It is also the national scale board, used in many private and public schools around the country. Features   CBSE offers a uniform curriculum across states in India  CBSE board is the oldest and most popular board in India  It conducts 10th and 12th board exams across the nation and is responsible for conducting national exams for admissions to dental, medical, and engineering colleges.   CBSE uses English and Hindi as a medium of instruction. It also uses other regional languages.    CBSE syllabus is relatively easier when compared to other boards. It's a combination of practical and theoretical knowledge.   Advantages CBSE offers over 211 subjects to students to help them pursue a wide range of careers. There are popular subjects like science, and maths, and career-oriented subjects like business studies, legal aptitude, psychology, and entrepreneurship to focus on career development.   The CBSE syllabus is uniform across India. This means students whose parents are constantly on the move due to their jobs can easily adapt without any academic lag.   The CBSE is responsible for conducting national-level entrance exams for engineering, health, and dental institutes. Students preparing for these exams can make use of their NCERT textbooks to prepare for the paper without any extra work or stress.    There are over 24000 schools in India that offer CBSE boards to students. It is one of the oldest education boards in India and a trusted education provider since 1929.   The syllabus is easily accessible on the NCERT website and students can download it for free.   Disadvantages The focus is on theoretical knowledge and rote learning over practical and experimental learning.    The syllabus is not as challenging and students are forced to mug up answers to excel in exams rather than learn concepts in a unique fashion. Students are encouraged to be free-minded and individualist. They are required to follow textbooks and focus on gaining marks over real skills and research acumen.    The syllabus is standardized which means that it does not focus on local culture and learning.   CBSE books are expensive when compared to state board books.   Focus is on subjects like science and mathematics and it might prove difficult for students to excel in school if these subjects are not their strong suits.  Regional bias towards the Emphasis Hindi language. Many CBSE-run schools require students to study Hindi as a second or third language which can be lengthy and tough on students whose primary language is not Hindi.   Advantages and Disadvantages of the CBSE Board Read More 3. CBSE Board Exams 2022 Approximately 35 lakh students appeared for the CBSE board exams 2022, which includes 21 lakh Class 10 and 14 lakh Class 12 students. CBSE is far more accommodating to students than state boards. Its course structure guarantees that school children do not encounter a huge amount of pressure, and texts are made engaging and informative. 4. Indian Certificate of Secondary Education (ICSE) The ICSE, or Indian Certificate for Secondary Education, provides a fantastic program that reflects on the fundamentals and principles of ideas. It is yet another of India's practical education boards. The Council for Indian School Certificate Examination is a private school board in India. The purpose of this board is to undertake a basic education analysis using the English medium to the New Policy of Education 1986 (India) recommendations. Features   ICSE uses English as a medium of instruction  It focuses on practical and experimental learning over rote learning.   It offers a variety of subjects and extracurriculars for students to excel and encourage overall development  ICSE helps students prepare for English proficiency exams like TOEFL and IELTS. It is helpful for students who wish to appear for SAT and ACT exams for US undergraduate admissions.  Advantages   ICSE board has a vast syllabus that covers different topics in great detail and provides students with a comprehensive understanding of each subject.   Students from the ICSE board have an impressive command of the English language as compared to other boards. It only uses English as a medium of instruction. This is extremely if your child is planning to study abroad or appear for competitive exams like IELTS, TOEFL, and SAT. It will give your child an edge over others.   From fashion design to legal studies, students can study a lot of subjects under the ICSE board.   ICSE focuses on practical learning and goes beyond textbooks. It encourages students to apply their learning in the classroom to real life.   ICSE board is internationally recognized and over 2500 schools in India use the ICSE board. ICSE board is one of the oldest boards in India and was founded in 1958.  The board is extremely advantageous for students who wish to develop a strong command of the English language to study abroad.   There is no bias when it comes to subject preference and students are encouraged to participate in physical activities.   Disadvantages  ICSE only uses English as a medium of instruction and no other language. This can be alienating for students who are well-versed in Hindi, Marathi, or other regional languages.   ICSE has a vast syllabus that leaves little room for extracurriculars and physical activities.   There is no special advantage or preference given to ICSE when it comes to studying abroad applications. It can help students crack TOEFL and IELTS but it does not guarantee admission.  ICSE board is more expensive than the governing board or CBSE board. However, this too differs from school to school.   In order to appear for ICSE board-led exams, students have to be enrolled in an ICSE-run school. This is an option under boards like CBSE or state boards where students can appear for the exam.     Not a good option for students whose parents travel a lot. ICSE board is not offered by a majority of schools and it can be tough for students who are on the move.   Sending your child to IB Board Read More 5. Council for the Indian School Certificate Examination (CISCE) CISCE is run by the private companies' national education board in India which controls the Indian Certificate of Secondary Education (ICSE) and the Indian School Certificate (ISC) for grades 10 and 12. It was established in 1958. The CISCE is affiliated with around 2,100 schools in India and across the world. The Council conducts annual evaluations for Grades 10 and 12 in February and March. The board only gives exams to regular children. 6. National Institute of Open Education (NIOS) The National Open Schooling Institute's (NIOS) purpose is to create a system of education that is adaptable and accessible to all children. It was among India's numerous student-friendly education boards. It is child-centered and assists individuals in developing decisions about what to study and how or when to learn. The NIOS is a national board that administers intermediate and post-secondary exams similar to the CBSE and CISCE. It also offers a collegiate education following high school. Features  NIOS is an open learning school board for students of all age groups.  It is an alternative for students who have gap years, disabled students, and students who cannot afford regular school.   NIOS is flexible and offers students an opportunity to study remotely.   It is an option for parents who wish to home-school their children and design their own curriculum.   Advantages  NIOS is an open school and the biggest advantage of this education board is that it offers flexibility in terms of classes, attendance, courses, subjects, and time period. Students can complete a year in 4-5 years, and choose their courses and subjects.   There is no age bar. Students of all age groups can enroll in any course and complete their schooling.   NIOS conducts public exams twice a year for students.   NIOS board paves the way to study at top universities and colleges.   There are special facilities for students who are disabled. They are free to give exams at their own pace and complete the course as well.   It is recognized by the government of India and completes their schooling to apply for higher education.   It is extremely cost-effective and can help parents a lot of money. This is extremely useful for parents who want to home-school their children.   Disadvantages   There is no teacher supervision and students who not have proper guidance for subjects.   There is no structure for choosing subjects. Students may end up opting for subjects that do not prepare them for college or higher education.   Students have to opt for private tuition and self-study as they are no classrooms.   Students miss out on the class environment and school experience.   NIOS board does not help students prepare for particular exams or study abroad.   Students have to be self-motivated and driven to excel in this board.  7. International Baccalaureate (IB) The International Baccalaureate is a non-profit academic organization that is one of India's top-tier education boards, giving better educational opportunities to kids aged 3 to 19. The IB schools are regarded as distinguished while also being expensive. It offers three key initiatives: the Primary Year (KG to Class 5), the Middle Year (Class 6 to Class 10) Program, and the Graduation Program (Class 11 and Class 12).  Features  IB board is an international board recognized in 160 countries.   It offers a variety of subjects, extracurriculars, and sports to students.   It helps students prepare for study abroad applications and has a curriculum designed to enable students to excel in foreign universities.   The board offers 4 main programs called IB Primary Years Programme (PYP), IB Middle Years Programme (MYP), IB Diploma Programme (DP), and IB Career-Related Programme (CP).   Advantages   IB is a global program with 5000 schools in 160 countries. It is easily the most recognized and popular board in the world.   IB offers students global exposure and the learning approach is dynamic and international.  IB board prepares students for studying abroad and the transition to foreign universities is relatively smoother for IB students because the curriculum is global.  IB board is great for skill building and gives equal importance to academics and extracurriculars.   IB board helps with study abroad applications by offering subjects like essays and by including extracurriculars that add value to the student’s application.   IB board also offers students constant guidance and has a great teacher-to-student ratio when compared to other boards.   https://www.youtube.com/shorts/wQbhsWtOPpU Disadvantages  IB board is expensive and it can cost up to Rs. 3-4 lakhs per annum to send your child to this board.   IB helps with study abroad applications but does not guarantee students a place in Ivy League or foreign universities.   IB board schools in India are limited and generally located at the outskirts.   The syllabus for students in 11th and 12th can be overwhelming. Students may feel burdened by the workload in their final year because they have to manage university applications and exams together.   IB board lacks flexibility in subject selection. Students cannot opt for 2 subjects together from the same category (there are 6 categories and all subjects have to opt for one subject from one category)  https://www.youtube.com/watch?v=6jTgEWL5sXw Source: EduFund Is CBSE harder than IB and ICSE? Here is a short comparison to help you decide whether CBSE is harder than IB and ICSE!  CBSE The Central Board of Secondary Education (CBSE) is the most widely recognized and popular board in India. It follows a comprehensive curriculum and offers a range of subjects across various disciplines. With over 16,000 schools from 25 countries affiliated with it, CBSE provides a balanced education that caters to the diverse needs of students. ICSE The Indian Certificate of Secondary Education (ICSE) board is known for its rigorous and comprehensive curriculum. The ICSE syllabus covers a wide range of subjects, including languages, sciences, humanities, and vocational courses. The board emphasizes analytical thinking, research-oriented study methods, and an in-depth understanding of concepts. As a result, the ICSE board is considered more challenging than the CBSE board. IB The International Baccalaureate (IB) board offers a globally recognized curriculum that focuses on holistic education. The IB curriculum is known for its rigorous academic standards, emphasis on critical thinking, and international-mindedness. It encourages students to develop skills such as research, inquiry, and independent learning. The IB board does not delineate a prescribed list of textbooks and syllabi, providing schools with more flexibility in designing their curriculum. Consequently, the IB curriculum is considered more challenging than both CBSE and ICSE. What is the toughest board in India? While comparing the difficulty levels of these boards, it is crucial to understand that the perception of difficulty can vary among students. Some students may find the CBSE curriculum more manageable due to its structured approach and clear guidelines. On the other hand, students who prefer a more comprehensive and research-oriented curriculum may find the ICSE board more challenging. The IB curriculum stands out in terms of its demanding nature. Its focus on interdisciplinary studies, extended essays, and the Theory of Knowledge (TOK) course requires students to delve deep into subjects and engage critically with knowledge. The IB's emphasis on independent research and international perspectives adds another layer of complexity to the curriculum. Which board is the best for the future? Selecting the best board for your child's future depends on their interests, strengths, and career goals. CBSE is a reliable choice for students who prefer a structured curriculum and aim for competitive examinations in India. ICSE, with its extensive syllabus and focus on analytical thinking, is suitable for students who enjoy academic challenges and aspire to pursue research-oriented careers. The IB board, with its global perspective and emphasis on critical thinking, is an excellent choice for students seeking international exposure and considering universities abroad. The IB curriculum nurtures skills such as collaboration, cultural awareness, and independent thinking, preparing students for a wide range of academic and professional opportunities. FAQs Which board is best for education in India? CBSE is the most popular and preferred education board in India. There are over 24000 schools that offer CBSE curriculum to their students. Which is the No 1 Board in India? CBSE is considered the no. 1 education board in India because of its popularity and uniformity. Is CBSE better than ICSE? CBSE is more popular than ICSE. Both are their set of merits and demerits and parents can choose the education board in India that matches their child's academic preferences and interests. Which education board is the biggest in India? CBSE is the biggest education board in India. Is ICSE harder than CBSE? Yes, ICSE is considered tougher than CBSE because of its vast syllabus. However, the difficulty level differs from student to student. What is the difference between CBSE, ICSE, and IB boards? CBSE (Central Board of Secondary Education), ICSE (Indian Certificate of Secondary Education), and IB (International Baccalaureate) are different educational boards in India. CBSE follows a structured curriculum, ICSE emphasizes analytical thinking and research-oriented study methods, while IB offers a globally recognized and holistic curriculum. How does the IB curriculum differ from CBSE and ICSE? Unlike CBSE and ICSE, the IB curriculum does not have a prescribed list of textbooks and syllabi. It offers a more flexible and interdisciplinary approach to learning. The IB curriculum places a strong emphasis on critical thinking, independent research, and international-mindedness, making it distinct from CBSE and ICSE. Which board is best for preparing students for competitive exams? CBSE is often preferred for students preparing for competitive exams in India due to its focused curriculum and alignment with national-level entrance exams like JEE and NEET. The syllabus of CBSE covers topics in a structured manner, facilitating exam preparation. Which board is considered the toughest in India? The perception of difficulty varies among students, but the IB curriculum is generally considered more challenging than CBSE and ICSE. The ICSE board is known for its comprehensive and rigorous syllabus, making it relatively tougher compared to CBSE. These are some of the best education boards in India for schooling. Each board has its own set of merits and demerits so make an informed decision before enrolling your child. Parents can also switch the school board based on their child’s changing interests and help them advance in their dreams! Consult an expert advisor to get the right plan TALK TO AN EXPERT

Introduction: The Price of Aspirations For countless students across India, the National Institutes of Technology (NITs) hold an esteemed position as the pinnacle of engineering education. These institutions offer exceptional academic standards and a myriad of promising career opportunities. However, the cost of studying at NITs can often be a cause for concern for aspiring students and their families. Let's delve into the various factors that influence the cost of studying at NITs while shedding light on scholarships and financial aid programs that can help alleviate the financial burden and make these dreams a reality. Tuition Fees: An Investment in Knowledge and Future Success At NITs, the tuition fees are determined by factors such as the chosen course and the category to which the student belongs. For undergraduate courses, students falling under the General and OBC categories can expect to pay tuition fees ranging from INR 1.25 lakhs to INR 2.25 lakhs per year. Conversely, SC/ST and PwD category students enjoy significantly lower fees, ranging from INR 6250 to INR 22500 per year. The fees for postgraduate courses follow a similar structure, with General and OBC category students paying higher fees compared to their SC/ST and PwD counterparts. It is important to consider these fees as an investment in one's knowledge and future success, as NITs provide a solid foundation for a prosperous career in engineering. The comprehensive curriculum and experienced faculty at NITs ensure that students receive a high-quality education that prepares them for professional challenges and fosters personal growth. Cost of Studying in IIM Read More Hostel Fees: Accommodation, Community, and Convenience Beyond tuition fees, hostel fees are an integral component of the overall cost of studying at NITs. These fees encompass not only accommodation but also include essential amenities such as food and access to various facilities provided by the hostels. While the exact fees can vary based on the location of the NIT and the range of facilities offered, students generally pay around INR 20,000 to INR 30,000 per year for hostel services. These fees are relatively reasonable considering the inclusive nature of the arrangements and the convenience they provide to the students. Hostel life also fosters a vibrant community, allowing students to build lasting friendships and engage in extracurricular activities that contribute to their holistic development. Living on campus provides an immersive academic experience, access to resources, and a supportive network of peers, enhancing the overall learning journey. Cost of Studying MBBS in the USA Read More Other Expenses: Navigating the Financial Landscape In addition to tuition and hostel fees, students should consider various other expenses that come with pursuing education at NITs. These expenses encompass the cost of books, stationery, and study materials, which can vary depending on the chosen course and curriculum. Additionally, students may need to allocate funds for transportation, medical expenses, and other miscellaneous costs that arise during their academic journey. While these expenses may initially seem daunting, effective planning and budgeting can help students manage them responsibly, ensuring a smooth and enriching experience at NITs. Seeking cost-effective alternatives for study materials, utilizing campus resources, and participating in shared transportation options can all contribute to minimizing these additional expenses. Scholarships and Financial Aid: Empowering Dreams and Overcoming Obstacles Recognizing the financial challenges faced by students from economically weaker backgrounds, NITs offer a range of scholarships and financial aid programs. These initiatives aim to provide support and assistance to deserving students who may find it difficult to bear the entire cost of education. Prominent scholarship programs include the Central Sector Scheme of Scholarship for College and University Students, the Post Matric Scholarship for SC/ST Students, and the Merit-cum-Means Scholarship. By actively applying for these scholarships and financial aid programs, students can significantly reduce their financial burden and focus on their studies with peace of mind, empowering them to pursue their dreams without compromise. These scholarships not only alleviate the financial stress but also recognize and reward academic merit, talent, and dedication, motivating students to excel in their chosen fields. Conclusion: Investing in a Bright Future Undoubtedly, studying at NITs involves a financial commitment, but it is an investment in one's future that should not be underestimated. The unparalleled quality of education and the wide-ranging career opportunities provided by NITs make the investment worthwhile. While the cost of studying at NITs may vary based on factors such as the chosen course, location, and personal circumstances, the availability of scholarships and financial aid programs ensures that financial constraints should not deter talented students from pursuing their dreams. The journey through NITs opens doors to a world of possibilities, shaping the future of aspiring engineers and propelling them toward success. By embracing the opportunity to study at NITs, students are not merely investing in their education but also investing in a bright and prosperous future. The experiences gained, the knowledge acquired, and the network formed during the NITs' academic journey are invaluable assets that will pay dividends throughout their professional careers. With determination, hard work, and the support of scholarships, NITs can truly be a gateway to success for ambitious individuals seeking to make a positive impact on the world through engineering and innovation.

Parenting is one of the toughest jobs in the world. As parents, you are always on duty. But parenting is not race, it is a marathon; parents slowly learn what’s good for their kids. In fact, it’s perfectly normal to be overwhelmed by the new responsibilities that you will encounter as your child grows. To help you manage these responsibilities, let’s explore some effective and positive parenting tips for child development that will make your life as a parent easier! Guide to Parenting for Effective Child Development 1. Start planning before they are born Parenting begins at the time of conception! As a new parent, you have to make a lot of changes to your lifestyle before they are even born. You need to make space for the little one in your house, organise your finances, follow a healthy lifestyle, and most importantly, prioritize your mental health. Pro-tip: If you are planning to have a baby or you have an infant in your house, it's time to start thinking about their future school and college plans. It's important to consider that education inflation is at a 10% to 11% rise and every year the education costs are getting heftier!   The first positive parenting tip is to start preparing for your child’s future in every way. Whether it's financially or mentally, you need to be aware of all the changes a child can introduce in your life. Another important parenting tip is to get insurance. Pregnancy and early childhood require parents to spend time in a hospital. There are many medical tests and procedures that a mother may need to undergo, thus, good health insurance coverage is a must! https://www.youtube.com/watch?v=lyFMznQdbwo 2. Encourage them to dream big One of the most important parenting skills is to encourage your child to be whoever they want to be! Motivate them to expand their wings, dream big and fly high toward success. Enroll them in different classes when they are growing up. Nurture them to explore and question the world. Children are highly social and active beings; it's vital to give them healthy and creative outlets for their energy!Don’t restrict your child’s learning to books only. Work towards boosting their creativity and making them participate in various extracurricular activities. The variety of skills they learn and the experiences collected by them increase the options for their future and develop the multi-tasking skill within them.     3. Plan their education Planning, saving, and investing for your child’s education early on is a must! Most parents do not know that the cost of studying is rapidly increasing across the world. Most parents don’t start saving for their child’s education until it’s too late. In fact, most parents depend on education loans to fund their kid’s college tuition. The dependency on loans can make your child’s life harder later. By saving in advance and by investing a small amount of money every month in a fund that can help you beat inflation, you can pay for your child’s entire college! This will ensure that your child goes off to college without any loans or financial debt Financial stability extremely important part of your child’s development. A financially secure environment brings them the opportunity to grow freely and without any barriers. Thus, an important parenting skill is to always have a backup plan. As a parent, you won’t always be around and you need to craft a financial plan that encompasses their education, aspirations, and unexpected contingencies. This may involve setting up dedicated savings accounts, investments for their college plans and future, and considering insurance options. Giving them financial stability is the greatest gift and parenting tip ever. Create Goals For Child Education with EduFund 4. Raise a self-reliant kid Empowering your child with independence is like giving them a lifelong gift. Prepare your child for the world by teaching them about important things like money management, time management, kindness, and self-reliance. You can give them chores in the house and responsibilities like feeding the pet or watering the plants. You can set up an account for them and give them money every month to teach them good budgeting and saving habits.   These habits will make your child more self-reliant and independent. These vital skills will come in handy when they are on their own on school trips or when they are off to college in a new city or country! 5. Be flexible In a world that's ever-evolving, the ability to adapt is a priceless parenting skill. You need to impart this skill to your children as well. Arm your children with the openness to embrace change and the curiosity to learn. Encourage your child to adopt a growth mindset – the belief that abilities and intelligence can be developed through effort and learning. Discourage fixed mindset beliefs that limit growth. Stay attuned to emerging trends and encourage them to take on new challenges. Just as seasoned sailor prepares their ship to navigate stormy seas, fostering adaptability readies your child to thrive in a dynamic and uncertain world. 6. Be a great role model Children learn best through observation and emulation. Your behavior and values serve as their guiding light. In addition to academic skills, emotional intelligence is crucial for navigating relationships and life's complexities. Teach your child to understand and manage their emotions. Aim to embody qualities such as integrity, kindness, and diligence. Demonstrate the value of hard work and the strength needed to overcome obstacles. Your actions leave an indelible mark on their character, guiding them as they navigate life's twists and turns 7. Spend quality time with them Amid the hustle and bustle of modern life, time remains the most valuable resource you can offer your child. Spend it wisely on activities that build strong bonds, promote communication, and establish emotional connections. The memories created during these shared moments become the base of your relationship, providing support and strength through life's challenges. 8. Boost your child’s confidence and self-worth During the formative years, parents are not just caregivers. They are teachers as well. Your children learn everything from you and depend on your validation the most. A good parenting skill to adopt is to always affirm your child’s good behavior and strength their self-worth. You should also avoid comparing your kids with their friends or siblings, especially when they make a mistake. Always choose your words wisely and remember to be compassionate.   Parenthood is a journey of discovery and growth. It revolves around the singular goal of securing your child's future. Each decision you make, each lesson you impart, contributes to the shaping of their life and future. Your first course of action as a new parent should be to save and plan for your child’s expenses, especially their education expenses. These costs will make up a majority of your income in the coming years and you can easily meet them with EduFund. With EduFund experts, you can easily save for your child’s big and small education expenses with Indian mutual funds and even US stocks! Do try these 8 positive parenting tips for your child's development. So that you can save for your child’s education and raise healthy and self-reliant kids!

Education loans to pay for your higher education overseas are common and effective; let's look at all the expenses under education loans to help you make the right choice. What are some expenses under education loans? Do education loans only help with tuition fees? Can education loans cover the cost of flights or help pay the living expenses?   Keep reading to find out the expenses under education loans.    One of the main issues facing the majority of Indian students who want to study abroad is how they would pay for their higher education. An education loan makes sure that all of the financial conditions for the application process for an education loan overseas are satisfied within the allotted time limit.  For the majority of students, the cost of an education loan in India for studying abroad is the main topic of conversation when it comes to financing higher education overseas. The information on this page is relevant to both secured and unsecured education loans in India for international studies.  https://www.youtube.com/watch?v=7Y0V6Z0lcJs&t=1s Costs of a typical course abroad for a student loan  One widespread misconception is that student loans do not fully cover the costs associated with studying abroad. This is untrue, though, as all educational loans, whether secured ones from government banks or unsecured ones from private lenders, cover the following list of costs that are essential to the educational process.  1. Student fees  One of the two main components of both forms of education loans in India for studying abroad is the tuition prices charged by foreign universities. An education loan in India for the international study is intended to assist students in covering their tuition costs. In India, all student loan repayments include tuition. Therefore, when deciding on the overall amount of your student loans, you should give top priority to covering your tuition costs.  2. Housing Costs  The term "factors" can refer to a wide range of things. The main living costs for a student include their rent or room and board, food, and costs for other daily necessities like transportation to and from school, a security deposit for housing, etc.  3. Medical Insurance  International students are frequently required to obtain health insurance by many foreign universities. This specific cost is covered by an education loan in India for studying abroad as it is one of the prerequisites for studying abroad for many students. Therefore, while applying for an education loan, health insurance can also be taken into account.  https://www.youtube.com/watch?v=4gTQkdePOWM 4. Flight Tickets  Another significant price covered by an education loan when applying for one overseas is airline tickets to the location of your choice. When quoting the education loan amount to your bank, this component might also be included.  5. Research Aid  You can include this information in the education loan application if your foreign university's offer letter states that you are responsible for paying for excursions and other extracurricular activities throughout the course of your studies. In addition, when applying for both forms of school loans in India, students can include the price of products like books, computers, and other study supplies in their total expenses.  https://www.youtube.com/watch?v=fufyFB9aMQI Does an education loan cover living expenses? The answer is yes, in most cases! Indian education loans for abroad studies typically cover a range of expenses beyond just tuition fees. This can include: Living expenses: This covers your accommodation, food, local transportation, books and study materials, and other daily needs. Travel expenses: The loan may cover flight tickets to your study destination and back. Other fees: This might include visa application fees, health insurance premiums, and even exam registration fees. However, there are a few key things to remember: Loan amount limitations: There might be a maximum limit on the total loan amount you can avail. This limit should ideally factor in both tuition fees and estimated living expenses. Documentation required: You'll need to submit documents like university acceptance letters and estimated living cost breakdowns to secure the loan amount for living expenses. Disbursement process: The loan for living expenses might be disbursed directly to the university or in instalments based on a pre-determined plan. Remember: Carefully research different lenders and compare their loan terms, interest rates, and living expense coverage options. This will help you choose the most suitable education loan for your study abroad journey. With proper planning and the right financial backing, your dream of studying abroad can become a reality! What elements must a student take into account when determining costs?  There is no way to change the loan arrangement because the student loan is a one-time transaction. Therefore, a student needs to be aware of the costs they can cover on their own and those for which they might require a loan. The student's financial stability at the time of study is of utmost importance, so the loan amount should be chosen with that in mind.  Before assessing the costs, a student must take the following into account:  The price of housing in a specific country and whether it will be possible to live in shared housing for a lower cost of living.  Food prices in the city where the university is situated.  Additionally, a student's ability to prepare meals on their own can significantly lower the cost of tuition.  Since academics are not just available on-campus, the cost of eating out or intercity travel will be included in the total fee.  Many regions, including the US and Australia, have cheap used car markets and reasonable gas prices. In contrast, students in countries like Ireland receive discounts on public transportation. All of this requires preliminary research.  In the city where the university is situated, there are opportunities for part-time employment. There are enticing part-time occupations with regulated minimum earnings in several nations. This assists students in paying for a sizable portion of their living costs.  FAQs on Education Loans and Living Expenses What percentage of living expenses does the loan cover? The percentage can vary depending on the lender, your chosen university's location, and your course duration. It typically falls between 30% - 70% of the total estimated living expenses. Can I apply for a separate loan for living expenses? While some lenders might offer a combined loan, you can explore separate personal loans to bridge any gap between the sanctioned amount and your actual living expenses. However, remember the additional interest burden of a separate loan. Are there any living expenses not covered by the loan? Discretionary expenses like entertainment, shopping sprees, or travel beyond academic purposes typically aren't covered. What documents are needed for living expense coverage? Universities' cost of living estimates, proof of accommodation arrangements (if any), and detailed living expense breakdowns are usually required.