Tag Archives: education

Surat, the diamond city of India, is not just known for its wealth in gemstones but also for its commitment to providing quality education. Among the educational institutions that grace the city, some stand out not only for their academic excellence but also for the significant financial investment they entail. In this article, we delve into the most expensive schools in Surat, shedding light on institutions that redefine opulence in learning. Most Expensive Schools in Bangalore 1. Delhi Public School, Surat: Delhi Public School (DPS) in Surat is a name synonymous with quality education and global exposure. Renowned for its modern facilities and commitment to holistic development, the average monthly fee at DPS Surat is nearly 12,870, and the one-time admission fee is also Rs. 12,870, which is charged separately. There are separate costs like orientation fees at the time of admission at 20,000 and refundable security fees of Rs.50,000, placing it among the costliest educational establishments in the city. 2. Fountainhead School: Fountainhead School, known for its innovative teaching methods and world-class infrastructure, is a preferred choice for many parents in Surat. The annual fees at this institution generally range from INR ₹1,24,160 for Junior KG and Senior KG classes to ₹3,42,740 for classes 11th and 12th, reflecting its dedication to providing quality education. 3. Lancers Army School: Lancers Army School, with a focus on discipline and academic rigour, is another notable institution in Surat. Parents seeking enrollment for their children should be prepared for an average annual fee ranging from roughly Rs. 80,000 to 1,10,000. The one-time admission fee starts at 6000 rupees. 4. G. D. Goenka International School, Surat: G. D. Goenka International School, Surat with its commitment to academic excellence and global learning, is a prominent name in Surat's educational landscape. The average annual fees at this institution range from INR 1,67,970 for nursery & KG to 2,61,440 for 12th grade science stream. 5. Broadway International School: Broadway International School, emphasizing both academics and extracurricular activities, is among the prominent schools in Surat. Parents aspiring for enrollment should be prepared for an average monthly fee ranging from INR 7,885 for grade 1 and goes up to 9,185 for grade 12. Investing Wisely for Your Child's Education: A Strategic Move As parents strive to provide the best education for their children, the financial commitment involved in these prestigious schools can be substantial. Beyond the immediate expenses, strategic financial planning becomes crucial to ensure a smooth journey through the academic years. One of the most effective ways to secure your child's educational future is through mutual funds. Why Mutual Funds for Education? Diversification: Mutual funds spread investments across various asset classes, reducing risk. Professional Management: Fund managers with expertise make investment decisions on behalf of investors. Flexibility: Investors can choose funds based on their risk appetite and financial goals. Affordability: Starting with as little as Rs. 1000 makes mutual funds accessible for all. How to Get Started: Define Your Goals: Clearly articulate the educational goals you are saving for. Risk Assessment: Understand your risk tolerance and choose funds accordingly. Consult a Financial Advisor: Seek professional advice to tailor your investment strategy. Start Early: The earlier you start, the more time your investments have to grow. In conclusion, while the cost of education at prestigious schools in Surat may be significant, strategic financial planning can make this journey more manageable. Mutual funds present an excellent avenue for parents to build a substantial corpus for their child's education. The key is to start early, stay disciplined, and leverage the power of compounding to make those educational dreams a reality. With mutual funds, the path to securing your child's educational future becomes not just a financial choice but a smart and achievable one. Create a goal for your child's future

Patna, the historic city along the banks of the Ganges, is not only a cradle of culture but also a hub for quality education. Within its educational landscape, certain institutions stand out not just for their academic excellence but also for the significant financial investment they demand. In this article, we explore the most expensive schools in Patna, shedding light on institutions that set the bar for opulent learning. Best Schools in Bangalore with Fees 1. Delhi Public School, Patna: Delhi Public School (DPS) in Patna is a name synonymous with quality education and a global approach to learning. Renowned for its state-of-the-art facilities and commitment to holistic development, the average monthly fees at DPS Patna range from INR 9,000 to 10,000. 2. Notre Dame Academy: Notre Dame Academy, a prestigious girls' school in Patna, is known for its rich history and commitment to academic excellence. The monthly fees for this esteemed institution can vary but generally range from INR 3,000 to 6,000. 3. St. Michael's High School: St. Michael's High School, with a legacy spanning over a century, is another jewel in Patna's educational crown. The institution emphasizes both academic rigor and character development. The average monthly fees for St. Michael's is around INR 2,400 for all standards. 4. Loyola High School: Loyola High School, operated by the Jesuits, is renowned for its commitment to quality education and moral values. The average annual fees for this esteemed institution hover around INR 70,000 to 1,20,000. 5. Baldwin Academy: Baldwin Academy, with a focus on providing a well-rounded education, is among the prominent schools in Patna. The annual fees for this institution generally range from INR 60,000 to 1,00,000. Investing Strategically for Your Child's Education: A Prudent Move As parents aspire to provide the best education for their children, the financial commitment involved in these prestigious schools can be substantial. Beyond the immediate expenses, strategic financial planning becomes crucial to ensure a seamless journey through the academic years. One of the most effective ways to secure your child's educational future is through mutual funds. Why Mutual Funds for Education? Diversification: Mutual funds spread investments across various asset classes, reducing risk. Professional Management: Fund managers with expertise make investment decisions on behalf of investors. Flexibility: Investors can choose funds based on their risk appetite and financial goals. Affordability: Starting with as little as Rs. 1000 makes mutual funds accessible for all. How to Get Started: Define Your Goals: Clearly articulate the educational goals you are saving for. Risk Assessment: Understand your risk tolerance and choose funds accordingly. Consult a Financial Advisor: Seek professional advice to tailor your investment strategy. Start Early: The earlier you start, the more time your investments have to grow. In conclusion, while the cost of education at prestigious schools in Patna may be significant, strategic financial planning can make this journey more manageable. Mutual funds present an excellent avenue for parents to build a substantial corpus for their child's education. The key is to start early, stay disciplined, and leverage the power of compounding to make those educational dreams a reality. With mutual funds, the path to securing your child's educational future becomes not just a financial choice but a smart and achievable one. Create a goal for your child's education

Know all about UTI Floater Fund and the UTI Asset Management Company. UTI is one of the pioneers of the Indian Mutual Fund Industry. With an AUM of more than Rs 2.66 Lakh crore, the AMC is among the most trusted names in the mutual fund space. The UTI Mutual Fund offers products across asset classes.   Let us discuss the flagship product – UTI Floater Fund.  About UTI Floater Fund  Investment Objective – The investment objective of the scheme is to generate reasonable returns and reduce interest rate risk by investing in a portfolio comprising predominantly of floating rate instruments and fixed rate instruments swapped for floating rate returns.  Investment Process The scheme uses a systematic approach to debt investing, the “GIMS”, which is as follows:  Gate:  Encompasses issuer onboarding through rigorous analysis and research process  Aims to build the investment universe in line with investment policies  Investments:  Comprehensive fund strategy framework  Incorporates Fund Strategy and Style, Risk management Framework and Potential Risk Class Matrix  Risk Limits are central to strategy  Monitoring & Surveillance:  Monitoring and review of the investment universe, Market Data Analytics, Early Warning Signal (EWS) parameters, Use of external sources for added surveillance, Automation for increased efficiency  Portfolio Composition  The portfolio comprises 93.03% allocation in debt, and the remaining 6.69% is held in cash and cash equivalents.      Note: Data as of 30th November, 2023.  Source: Value Research  Top 5 Holdings for UTI Floater Fund   Name Instrument Weightage % National Housing Bank Debenture 7.79 Debenture 8.80 Canara Bank CD Certificate of Deposit 8.65 Reserve Bank of India T-Bills 182-D 29/02/2024 Treasury Bills 6.92 Small Industries Devp. Bank of India Ltd CP Commercial Paper 6.87 Kotak Mahindra Bank Ltd CD Certificate of Deposit 6.62  Note: Data as of 30th November, 2023.  Source: Value Research  Performance Since Inception  Period UTI Floater Fund CRISIL Low Duration Debt Index (%) CRISIL 10 Years Gilt Index (%) 1 Year 6.70 7.50 6.77 3 Years  4.45 5.43 2.93 5 Years 5.85 6.57 5.96 Since Inception 5.87 6.65 6.30  Note: Data as of 30th November,2023  Source: utimf.com  Fund Manager  Mr.Sudhir Agarwal is the Fund Manager and Executive Vice President & Fund Manager-Fixed Income at UTI AMC Ltd. He joined UTI AMC in 2009 after four years of experience. He is a CFA Charter holder from CFA Institute, USA, and holds a post-graduate Diploma in Management and a master’s in commerce. He is a Fund Manager managing various debt schemes.  Why Invest in UTI Floater Fund?  The scheme aims to generate accrual income by investing in high-quality debt and money market instruments, which are hedged using OIS swaps.  The scheme is positioned to capture yield movement in the 6 to 12-month segment.  The scheme maintains a moderate duration to reduce interest rate volatility.  Who Should Invest in UTI Floater Fund?  This fund is suitable for Investors  Who are seeking for reasonable income and liquidity over the near to short term.  Who are looking to diversify their fixed-income portfolio.  Ideal Time to Stay Invested   Ideal for investment with a time horizon of 6 to 12 months.  Conclusion  UTI Floater fund is an open-ended debt scheme predominantly investing in floating rate instruments. The portfolio of this fund is High-Quality accrual oriented and is positioned to capture yield movement in the short term. Thus, investors who want to park their money for a short period with low to moderate risk metrics can consider this fund for investment.  Disclaimer: This is not recommendation advice. All information in this blog is for educational purposes only.  Create a goal for your child's future

Ranchi, the capital city of Jharkhand, is not just a hub of natural beauty but also a center for quality education. Among its numerous educational institutions, some stand out not just for their academic excellence but also for the hefty price tag that accompanies them. In this article, we delve into the most expensive schools in Ranchi, offering a glimpse into the educational institutions that set the bar for luxurious learning. Create an Investment Goal for your child's education at Rs. 1000! 1. Bishop Westcott Boys' School: Nestled in the heart of Ranchi, Bishop Westcott Boys' School is a name synonymous with quality education and a heritage that dates back to colonial times. This prestigious institution boasts modern facilities and a commitment to academic excellence. The average bi-monthly fees here range from INR 6,000 to 9,000, making it one of the reputed educational institutions in Ranchi. 2. Delhi Public School, Ranchi: A part of the renowned DPS Society, Delhi Public School in Ranchi is known for its holistic approach to education. With state-of-the-art infrastructure and a focus on nurturing well-rounded individuals, the monthly fees at this institution hover around INR 5,000 for lower classes to 7,000 for senior classes. 3. ODM Sapphire Global School: ODM Sapphire Global School is a premium institution in Ranchi, offering a global curriculum and a commitment to providing a well-rounded education. Parents investing in their child's education here can expect to pay an average annual fee ranging from INR 1,20,000 to 2,50,000. 4. Sarala Birla Public School Known for its rich educational legacy and commitment to moral and academic values, Sarala Birla Public School, Mahilong stands among the elite schools in Ranchi. The average session fees at this institution range from INR 5,100 to 5,500 for classes 1 to 12. The admission fees range between 37,000 to 50,000 based on the grade the child is entering. 5. Oxford Public School: Oxford Public School, with its emphasis on academic rigour and holistic development, is another noteworthy institution in Ranchi. Parents seeking enrollment for their children should be prepared for an average annual fee ranging from INR 20,000 to 50,000. 4 reasons to invest in your child's education! Investing Strategically for Your Child's Education: A Prudent Move As parents aim to provide the best possible education for their children, the financial commitment involved in these prestigious schools can be substantial. Beyond the immediate expenses, strategic financial planning becomes crucial to ensure a seamless journey through the academic years. One of the most effective ways to secure your child's educational future is through mutual funds. Why Mutual Funds for Education? Diversification: Mutual funds spread investments across various asset classes, reducing risk. Professional Management: Fund managers with expertise make investment decisions on behalf of investors. Flexibility: Investors can choose funds based on their risk appetite and financial goals. Affordability: Starting with as little as Rs. 1000 makes mutual funds accessible for all. Most Expensive Schools in Noida How to Get Started? Define Your Goals: Clearly articulate the educational goals you are saving for. Use the College Cost Calculator by EduFund to know the future cost of education across the world. Risk Assessment: Understand your risk tolerance and choose funds accordingly. Consult a Financial Advisor: Seek professional advice to tailor your investment strategy. Start Early: The earlier you start, the more time your investments have to grow. In conclusion, while the cost of education at prestigious schools in Ranchi may be significant, strategic financial planning can make this journey more manageable. Mutual funds present an excellent avenue for parents to build a substantial corpus for their child's education. The key is to start early, stay disciplined, and leverage the power of compounding to make those educational dreams a reality. With mutual funds, the path to securing your child's educational future becomes not just a financial choice but a smart and achievable one.

Bhopal, a city known for its rich culture and heritage, is also home to some of the most prestigious schools in central India. These institutions boast top-notch facilities, experienced faculty, and a commitment to providing quality education. In this article, we delve into the most expensive schools in Bhopal, shedding light on the institutions that set the benchmark for educational excellence. https://www.youtube.com/watch?v=30q9fjLitHM Most Expensive Schools in Pune with Fees! 1. The Sanskaar Valley School Topping the list of one of the most amazing schools in Bhopal is The Sanskaar Valley School, renowned for its holistic approach to education. Nestled amidst lush greenery, this institution offers state-of-the-art infrastructure and a curriculum that emphasizes experiential learning. The one time admission fees is around INR 63,000 and the average annual fees here range from INR 1,50,000 to 3,00,000, making it one of the costliest educational institutions in Bhopal. 2. Billabong High International School With its global curriculum and commitment to nurturing well-rounded individuals, Billabong High International School is one of the most amazing schools in Bhopal and stands as a prominent choice for many parents in Bhopal. The annual fees at this institution hover around INR 1,80,000 to 2,00,000, reflecting its dedication to providing quality education. 3. DPS Bhopal A part of the Delhi Public School Society, DPS Bhopal maintains a reputation for academic excellence and a focus on co-curricular activities. Parents investing in their child's education here can expect to pay an average annual fee ranging from INR 90,000 to 1,10,000. 4. NRI Global Discovery School Known for its international curriculum and commitment to providing a global learning experience, NRI Global Discovery School stands among the elite schools in Bhopal. The average annual fees at this institution range from INR 70,000 to 1,50,000. 5. Sagar Public School Sagar Public School is one of the most amazing schools in Bhopal, with its commitment to academic rigour and holistic development, is another noteworthy institution in Bhopal. Parents seeking enrollment for their children should be prepared for an average annual fee ranging from INR 40,000 to 70,000. How to Sponsor Your Child's Education? Investing for Your Child's Education: A Smart Move! As parents navigate the financial commitments of providing quality education, it becomes imperative to consider strategic investment options. One of the most effective ways to secure your child's educational future is through mutual funds. Mutual funds offer a diversified and professionally managed investment portfolio. They provide an excellent avenue for parents to grow their savings over time. What's more, starting with just Rs. 1000, parents can initiate their investment journey, making it accessible for various income brackets. The key advantage of mutual funds lies in their potential for capital appreciation. By investing systematically over the years, parents can accumulate a substantial corpus to fund their child's education. The power of compounding further amplifies the returns, emphasizing the importance of an early start. Best Schools in Kochi Why Mutual Funds for Education? Diversification: Mutual funds spread investments across various asset classes, reducing risk. Professional Management: Fund managers with expertise make investment decisions on behalf of investors. Flexibility: Investors can choose funds based on their risk appetite and financial goals. Affordability: Starting with as little as Rs. 1000 makes mutual funds accessible for all. How to Get Started? Define Your Goals: Clearly articulate the educational goals you are saving for. Use the College Cost Calculator by EduFund to know the future cost of education across the world. Risk Assessment: Understand your risk tolerance and choose funds accordingly. Consult a Financial Advisor: Seek professional advice to tailor your investment strategy. Start Early: The earlier you start, the more time your investments have to grow. In conclusion, while the cost of education at prestigious schools in Bhopal may be significant, strategic financial planning can make this journey more manageable. Mutual funds present an excellent avenue for parents to build a substantial corpus for their child's education. The key is to start early, stay disciplined, and leverage the power of compounding to make those educational dreams a reality. With mutual funds, the path to securing your child's educational future becomes not just a financial choice but a smart and achievable one. Start Investing for your child's future!

Are you raising your kids in the hilly city of Dehradun? Then you are in luck! The city is home to numerous top-rated schools that attract students from various parts of the country. 10 schools in Dehradun that you must consider for your child’s schooling 1. The Doon School Established in 1935, The Doon School is one of the most prestigious schools in India. Located in the Doon Valley, it is known for its rigorous academics, character development programs, and strong alumni network. The school follows the Cambridge International Examination curriculum and offers a vibrant learning environment. The school fees for Indian residents are close to 12 lakhs with a one-time admission fee of 5 lakh rupees. Expensive Schools in Delhi Read More 2. The Asian School Founded in 1993, The Asian School is a co-educational institution situated in the Rajpur area of Dehradun. Affiliated with the ICSE and ISC boards, it provides a wide range of academic and extracurricular activities, fostering all-round development. The annual fee is around 5 lakh rupees with admission fees of around 80k Expensive Schools in Bangalore Read More 3. Welham Girls' School Welham Girls' School, founded in 1876, is a prominent girls' school located in the Dalanwala area. Affiliated with the ICSE and ISC boards, the school emphasizes academic excellence and holistic development. The annual fee is close to 8.5 lakh rupees with admission fees of around 1 lakh rupees.  Expensive Schools in Hyderabad Read More 4. Welham Boys' School Welham Boys' School, established in 1875, is a leading boys' school situated in the Dalanwala area. Affiliated with the ICSE and ISC boards, the school focuses on academic rigor and character-building activities. The annual fee is close to 5.7 Lakh rupees. Expensive Schools in Ahmedabad Read More 5. Woodstock School Woodstock School is a co-educational boarding school founded in 1854, located in the serene Mussoorie hills, a short distance from Dehradun. The school follows the ICSE and ISC boards and offers a well-rounded education amidst a tranquil environment. The annual fees are close to 18-20 lakhs. Expensive Schools in Mumbai Read More 6. St. Joseph's Academy Founded in 1889, St. Joseph's Academy is a Catholic boys' school situated in the Rajpur area. Affiliated with the CBSE board, the school provides a diverse range of academic and extracurricular opportunities. 7. Brightlands School Brightlands School, established in 1976, is a co-educational institution located in the Rajpur area. Affiliated with the CBSE board, the school focuses on academic excellence and personal growth. 8. Scholar's Home Scholar's Home, founded in 1980, is a residential school for boys and girls in the Sahastradhara area. Affiliated with the CBSE board, the school provides a conducive environment for academic and personal development. The annual fee is around 1 lakh per year. 9. Marshal School  Marshal School, established in 1982, is a co-educational school situated in the East Canal Road area. Affiliated with the CBSE board, the school offers a comprehensive academic and extracurricular program. The school fees are around 50k per year 10. Doon Valley Public School  Founded in 1982, Doon Valley Public School is a co-educational institution located in the Malsi area. Affiliated with the CBSE board, the school aims to provide a nurturing environment for academic and overall growth. The annual fee is around 2.7 lakh. These top 10 schools in Dehradun are amongst the hardest schools to get your kids into! The admission process is very competitive; students have to give entrance exams and even appear for interviews with the headmaster before they are enrolled. Not to forget the high fees that come with a world-class education! 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

Choosing between an education loan vs self-finance for your child’s higher education is as tough as planning for a child's higher education. Most parents consider self-financing a viable alternative to pay for their child's education by liquidating valuable assets like land or FDs or borrowing from family, friends, and relatives. Such financial assistance is not available to all families. This is when a student loan can help. Let’s look at the benefits of student loans and their preference over self-financing. Self-financing  Taking out an education loan can be a financial burden for most students and parents, so they prefer self-financing as a viable option to avoid future debt. For one reason or another, students don't want to be burdened with EMIs when they can pay for everything at once. What exactly qualifies as self-financing? Self-financing may be preferred in the following circumstances: Paying for your own education Request for financial help from family, friends, or relatives Securing funding from a third party (excluding government banks or education loan providers) Education Loans In the debate between education loan vs self-finance, education loan has emerged as a strong competitor. The demand for student loans in India has increased steadily even during the pandemic. Collateral loans or Secured loans are offered based on the collateral provided. When a borrower pledges collateral to obtain a loan, the lender is guaranteed partial compensation for any outstanding loan debt. In case payments are not made on time, they can seize the mortgage and sell the property. The best mortgage loan providers in India are government and commercial banks Collateral Free or Unsecured loans do not require any collateral to be pledged. These loans are available to students with insufficient assets to pledge. However, when financing unsecured loans, lenders consider factors such as parental income, university ranking, and fees are taken into account when considering unsecured loans. Education loans vs Self Finance Conclusion Student loans come with several benefits, whereas self-funding has limited benefits. Self-funding your child's higher education can help reduce your child's financial burden. Saving for a child's higher education may be tricky, but if you plan early, you can start from a small amount and create a large corpus over time to protect your child's future. If you are facing difficulty in saving and do not know where to invest your savings, then download the EduFund app today and connect with experts to know how you can save and plan for your child's higher education. FAQs What is self-financing? Self-financing is when you pay for your education or tuition fees out of your own pocket without taking on any debt or liability. Which is better, a personal loan or an education loan? An education loan is better if the aim is to pay for your education expenses. A Personal loan is better if you need it for vacation expenses or personal needs. What type of loan is best for education? An education loan is the best type of loan to finance your education. It is designed for students who wish to better their lives through good quality education and upskilling. Education loans have relatively low interest rates, a moratorium period to take debt-free while studying, flexible tenures and much more. TALK TO AN EXPERT

Recent statistics state that 32 million children up to the age of 13 have never attended any school in India, and 47 million secondary and higher secondary students drop out because of domestic and financial reasons.  Education can open new doors of opportunities so that children can leave their life of poverty behind and step into a better and enriched life.  Bright children seek education, and one of the best ways to fulfill their dreams is through sponsorship. To know how to sponsor a child’s education, then you must go through this blog. What is a sponsorship? Sponsorship in the context of a child’s education refers to a program that allows an individual, a group, or a business entity to offer monetary contributions so that the money donated can help in educating the child. How much does a sponsorship cost? The cost of sponsoring a child’s education fluctuates from INR 1,000 per month to INR 3,000 per month. The amount varies from donor to donor and organization to organization. If the sponsor wants to pay only for the tuition fees, then they can do so, but if they want to pay for related expenses, there is also a provision for that.  Payments can be made every month or as a lump sum amount for a year. What does the beneficiary get? Financial aid and associated benefits of most sponsorship programs concerning a child’s education cover-  School expenses like tuition fees, lab fees, uniforms, textbooks, and stationery (pen, pencil, rubber, geometry box and sharpener, etc.). Nutritious and balanced meals. Medical screenings and health care to ensure physical and mental well-being. Learning vocational skills. Facilitating extra-curricular activities.  Connect children with teachers and mentors. An opportunity to learn and practice literacy skills. Teaching activities that will help in sharpening income-generating skills. Additional read: Best sip plan for child's future Sponsoring a child’s education 1. Select a verified organization You can sponsor a child’s education in India by selecting a verified and genuine organization. These organizations are often constrained by a lack of monetary resources as the number of needy children far exceeds the support options. Numerous non-profit organizations in India have set up the required infrastructure to help children in getting the education they deserve. Some of them have the backing of government agencies, and some are dependent upon business entities for funds.  2. Get the required information You can call the NGOs directly on the phone, email them or conduct an in-person meeting to gather the related information. Ask about the program, how many children they support, what amenities they provide and how you can make a difference. Ask about the sponsorship amount and what it will entail. Will the organization provide only the tuition fees, or will the amount include related expenses? You can also speak about your budget and what benefits it can offer to the child.  3. Select a child Some people believe in creating a personal bond with a child and if you are one of them, then ask the NGO about the children that need education. Select a child and form a connection by speaking with them and making sure both emotional needs and financial needs are met.  When the sponsor becomes personally involved with a child, then they can ask the organization to send periodic reports of the sponsored child to know how the child is faring. They can also visit or write to the child periodically to maintain the bond.  4. Sponsor a child online If you are not interested in creating a one-on-one bond and just want to donate the money as a charitable contribution for income tax purposes, then you can donate online on the NGO site.  The government encourages its well-off citizens to contribute to the education of children who do not have the necessary funds to get admitted to schools and colleges. Donations related to the sponsorship program are eligible for a 50% tax exemption under Section 80 G (5) of the Income Tax Act 1961.  Thus, sponsorship acts as a two-fold beneficial tool. It will provide education to needy children and help the sponsor to claim exemption during the income tax filing.  5. No refund or cancellation Charitable organizations generally do not allow refunds or cancellations of donations by any donor. Hence be sure before making a payment. FAQs What is sponsorship? Sponsorship in the context of a child’s education refers to a program that allows an individual, a group, or a business entity to offer monetary contributions so that the money donated can help in educating the child. What are the benefits of sponsorship? The benefit of sponsorship is to give someone an opportunity to grow and develop their skills. Education sponsorship is meant for students who lack the financial means to support their education and can benefit from sponsorships to build a career for themselves. Conclusion By now, you must have come to know how to sponsor a child’s education effectively. The sponsorship program can create a positive impact on the life of a student who just needs an opportunity to break the cycle of poverty and improve their living conditions. TALK TO AN EXPERT

There are thousands of UK scholarships to fund your child’s college today. These scholarships are offered by local governments and universities to help children finance their education in a foreign country.  While some scholarships offer absolute funding, there are some that cover a portion of your child’s tuition— including program costs, living expenses, and return flights to the UK. Let’s dive into the different scholarships for the UK and how they can help you finance your child’s UK dream. https://www.youtube.com/shorts/sRiktJ_KLmo https://www.youtube.com/watch?v=Motf8zBtf4c Top scholarships in the UK to fund your child's college List of the best UK scholarships for your child: Scholarships for masters in the UK  Does your child intend to pursue a master's degree in the UK? Mentioned below is the list of scholarships for master's degrees in the UK: University of Reading Master’s Scholarship Marshall Scholarships CastleSmart Scholarships Cardiff University Elite International Scholarships Clarendon Scholarships by the University of Oxford University of Edinburgh Global Scholarships Queen’s University Belfast International Scholarships MBA scholarships in the UK  Mentioned below is the list of scholarships for MBA degrees in the UK: IKOS Scholarships Women in Leadership Scholarship The University of Strathclyde MBA Visionary Scholarship. Chevening Scholarships Commonwealth Masters Scholarships Commonwealth Fellowship Plan GREAT scholarships The Global Study Awards Charles Wallace India Trust Scholarships The Cranfield Trust Scholarships in the UK Inlaks Scholarship Felix Scholarship https://youtu.be/EyP3Li4ofNg Ph.D. scholarships in the UK Mentioned below is the list of scholarships for Ph.D. degrees in the UK: Imperial College London President’s Ph.D. Scholarships Gates Cambridge Scholarship The Royal Society Grants Carnegie Ph.D. Scholarships Charles Wallace India Trust Scholarships Commonwealth Scholarships for Developing Commonwealth Countries The Newton-Bhabha Fund Wolfson Postgraduate Scholarships in the Humanities Goa Education Trust Scholarships Saltire Scholarships Euraxess UK Scholarships Are scholarships enough to cover the cost of education in the UK? There are merit-based and need-based scholarships offered in the UK. Some scholarships typically only cover a portion of the cost of the course, the rest has to be covered by the student. Consequently, there are a number of costs to take into account when a student plans to move to the UK to attend college. These include tuition costs, university registration fees, security deposits, travel-related projects, lodging, food, and even trip-related travel expenses. You can use our College Cost Calculator to determine the precise cost of studying in the UK and help you acquire the funds you need to save for your future education. Additional read: Difference between grants and scholarships Cheapest universities in the UK International students can enroll in affordable degree programs at several UK universities. Each of the institutions listed here has a fantastic campus and offers students top-notch instruction, facilities, and services. Here is a list of the UK's least expensive universities: UK scholarships are a fantastic option to either partially or entirely finance your child's education. By improving their grades and participating in extracurricular activities, community service projects, and outreach programs, your child can also increase their chances of getting a scholarship. Consult an expert advisor to get the right plan TALK TO AN EXPERT

You are young and healthy. You don't care about the future. You like revelry and parties. You want to spend today rather than save for tomorrow. After all, who knows what the future has in store for us? Everything is fine until one day you realize that retirement is not far away and you need to start saving for it. Money mistakes to avoid in your 30s 1. Saving, not investing Many people put money into savings accounts thinking that the 4 percent return will be enough to meet all future needs, and this could be one of your costliest mistakes, as such a low yield would not be able to beat inflation. After you are convinced about investing, the next step is to choose the right product or asset class. During this stage, most people are confused between stocks and real estate. History proves that stocks have outperformed real estate for a long time. 2. Not investing enough If you're making any of the above-listed mistakes, you're almost certainly not investing enough money or even not investing at all. That is one mistake that must be changed. The time value of money is very precious, and you need to get it working in your favor. For example, suppose you start investing Rs 10,000 per month at age 30 at an average annual rate of return of 12%; you'll have over Rs 3.52 crore* by the time you turn 60!  But if you wait till you turn 40, you'll have just over Rs 99 lakh* at age 60.  When it comes to investing, you want to start as early as possible. Additional read: US ETFs for child higher education 3. Not creating an emergency fund Sooner or later, you will be 30 years old, and your obligations, like household expenses, loan EMIs, children's school, fees, etc., are much more than when you were 20 years old. Therefore, it is vital to avoid the financial mistake of not having a financial plan in place for unanticipated emergencies such as job loss, unexpected home repair expenses, etc., by creating an emergency fund. Having an emergency corpus in place will make sure that you don't have to borrow too much or have your savings drop to zero to cover unexpected expenses. To be on the safer side, the emergency corpus should be large enough to cover expenses for 9 to 12 months. This may seem like a considerably large amount to put down. So you can start with a smaller amount, such as 3 to 6 months of expenses, and gradually add it. This will ensure that the size of your emergency fund keeps up with your income and expenses so that your finances are not overstretched. 4. Not buying insurance Increased responsibilities mean you have to plan for different scenarios to protect your family's financial interests. While an emergency corpus can take care of key emergency expenses, you also need to avoid making the financial mistake of not purchasing life and health insurance as part of your overall financial strategy. Insurance is essential to ensure your family's financial well-being in the event of a medical emergency or your untimely death. Purchasing term life insurance can provide financial security for your loved ones at a low cost in the event of your untimely death. In addition, purchasing health insurance can help protect your and your family's financial interests by covering medical bills if a family member becomes sick/ill and requires hospitalization. 5. Not having clear financial goals Sooner or later, you will be 30 years old, and you should already have some savings and, ideally, you should already be investing to reach your various financial goals. If you haven't set specific short-, medium-, or long-term financial goals yet, you still have some time left to get back on track if you start immediately. If you don't start investing based on goals, you will be like a ship without a rudder, and you cannot plan how to achieve the desired goal. This is the biggest money mistake to avoid in your 30s. Setting specific financial goals such as buying a car, planning early for your child's higher education, saving money for a down payment on a house, planning to save for retirement, etc., will help you plan the best course to reach your goal. Conclusion When securing your future financially, the most typical financial mistake we make is not starting early for our future goals. By saving and investing early, it becomes easier to achieve your goals. During your 30s, you are laying the foundation for your future financial plans. Avoiding these money mistakes in your 30s could help you to achieve your financial goals quickly. FAQs How can I be financially stable in my 30s? The best way to achieve financial stability in your 30s is to reduce your debt and increase your investments. Investing is the key to a good life and retirement. For example, suppose you start investing Rs 10,000 per month at age 30 at an average annual rate of return of 12%; you'll have over Rs 3.52 crore* by the time you turn 60!  How can I build my wealth in my 30s? The best way to build wealth is through investment. Systematic and routine investing can help achieve multiple financial goals such as retirement, a house, a child's education and a world tour. Suppose you start investing Rs 10,000 per month at age 30 at an average annual rate of return of 12%; you'll have over Rs 3.52 crore* by the time you turn 60!  What personal finance mistakes should everyone avoid? It's important to regulate your budget, spending and savings as soon as you get old enough to earn. Here are some tips that will help you avoid financial mistakes: Always spend within your means, pay your credit bills on time to avoid paying extra, create an investment plan to invest for the future and save for an emergency fund. TALK TO AN EXPERT

Helping your child to manage finances and build credit is the responsibility of every parent. A credit card is often the first step toward making college-going students accountable for their decisions.  Should a parent give their child a credit card for college or not is a dilemma because there are both pros and cons attached to the situation. https://www.youtube.com/watch?v=uYlrsx9_yog&t=4s Advantages of giving your child a credit card for college  1. Handle emergency A credit card will come in handy during emergencies. Suppose the student has a car breakdown on their way to college or has to pay for something unexpectedly, then they can withdraw the necessary funds from a bank or use the credit card directly to make the payment.  2. Establish good financial habits A credit card helps the student to build life-long skills and establish good financial habits. Managing the money and paying the credit card balance each month will ensure that the student becomes financially responsible from an early age. 3. Build credit history Proper use of a credit card will have a positive impact on the credit score and credit history. Giving your child a credit card for college will help them to build a credit history that they can use later on to make important purchases or to get a much-needed loan. Disadvantages of giving your child a credit card for college  1. Unnecessary burden  Going to college is a landmark for a child as they generally leave their comfortable surroundings for the first time and start taking ownership of their actions. A credit card is a responsibility that has to be handled with care as its misuse can prove harmful. Using and managing the credit card and tracking balances may add stress on the student who already has other challenges to consider.  2. Risk to the credit If the child is unable to act responsibly, then it can have long-term damage to the credit score. If a parent has co-signed the card, then their credit can also be at risk. How to decide whether your college-going child is ready for a credit card Ask yourself some tough questions to determine whether you should get your child a credit card for college or not. Can your child follow the rules? Is the child capable of handling the additional responsibility of a credit card, or are they likely to go on a spending spree? Do they understand the concept of a credit card? Will they be able to make payments every month, or will they forget to do so? Every child is different and so are their actions. A parent knows their child the best. Look at past actions and determine whether the child is capable of handling the responsibility of a credit card. 1. Preventive measures for safe use of credit card If you are still concerned about your child using a credit card in college, then take some precautionary measures so that the child can benefit from the experience and come out stronger.  2. Explain the fine print Explain the fine print and walk your child through every small detail. The card user should be aware of the fee schedule, the terms of repayment, interest rates, late penalties, and the importance of paying the balance of each month on time.  3. Give a detailed explanation of the use of a credit card  Make sure the child understands the concept of the credit card and both the pros and cons of the credit card scheme. Emphasize the point that any misuse will have consequences, and proper handling will reap life-long rewards.  4. Set some ground rules  Your child will be using the credit card for the first time, hence set some ground rules at the onset to avoid any unpleasant surprises down the line. Be specific about what the card can be used for and what purchases are out of bounds. Focus on the responsibility of paying the credit card amount and how it will be reimbursed.  5. Put a limit on the available funds Put a limit on the available funds so that the child is not tempted to spend beyond their means.  6. Make sure the child follows the rules Keep a check on the credit card statement and make sure that the child follows the set rules.  Conclusion Giving a credit card for college can be a wise choice if the parents can communicate both the pros and cons of its use to their child effectively. Do not set them free so that they can do as they please; instead, establish boundaries and show them the ways to build a financial future. Consult an expert advisor to get the right plan TALK TO AN EXPERT

Before we get into the nitty-gritty of how to get an education loan without collateral for MS in the US, let us first understand how much the MS will cost your child. Get an education loan for your MS in the USA here! https://www.youtube.com/watch?v=fufyFB9aMQI https://www.youtube.com/shorts/D43JJkkQPQI How much money do you need? MS in the US is a graduate-level (master) course done over a period of 18 -24 months. These can be fast-tracked or done over a longer period if the student chooses to do this as a part-time course. The average cost of doing an MS degree typically ranges from Rs. 40 lakhs to Rs. 60 lakhs, depending on the course of study and the institution. This amount can go higher if the student opts for a private university in the USA. Once you decide on the child’s course of study and institute, the task is to get a ballpark on the costs and other travel and living expenses that your child will incur over the course duration. Considering the loans While the public sector and some large private sector banks insist on collateral for such large loans, there are several lenders in the banking and non-banking sectors today who issue education loans of large amounts without collateral. Additional read: How to repay education loans faster? Things to note when taking an education loan without collateral When you take an education loan without collateral here are a few aspects of this borrowing you must keep in mind: 1. Recognized Universities Lenders typically have a list of institutions for which they provide education loans. So you will have to ensure that the institute where your child is taking admission is on the list of most of the lenders. 2. Loans cover different parts of the expenses Some cover only tuition fees, while others may cover travel and part of the living expenses too. So when you are asking about the details, check on these facts. Expenses that are not covered in the loan will have to be borne by you. Ensure you have the reserve finances for that. 3. Credit history matters In loans issued without collateral, the credit history of the cosigner (typically the parent) is considered. So make sure you keep your credit record clean and positive at all times. Most of these loans will also require a guarantor. You must understand that the guarantor is legally bound to make good on the payment if the student / co-borrower defaults. 4. High-interest rates These types of loans also carry a higher rate of interest ranging from 12% to up to 15% per annum. 5. Processing period Processing time in most lending companies for an education loan of this nature is quite short: 2-5 days. So once you have identified the institute and the course, and have an admission offer in hand, you can start the application process for an education loan without collateral for MS in the US. 6. Check on Scholarships You can also consider exploring the scholarships available for students planning to pursue MS in the United States. This can help ease the burden of your loan. Always visit the university website, and check if you are eligible for any monetary compensation, rewards or waivers that can help reduce your loan amount.   7. A collateral loan without property can be tough to pay off FDs, Bonds, mutual funds investments – all of these instruments are also considered as collateral, depending on the policies of the various companies. While a loan without collateral may seem easier to get in the start, it is definitely more expensive and will put a bigger debt burden on your child. Try to borrow an amount you feel comfortable paying off, be regular with your payments, and look for competitive interest rates before deciding on any one loan plan. https://www.youtube.com/watch?v=TNVvKy460dQ Why are capital market investments good for you? The benefit of these instruments is that you do not need a large sum of money to invest in these at one go: which deters most families from investing in property. Small investments done regularly can go a long way in building a substantial corpus for your child’s MS in the US. Before deciding on an education loan without collateral for MS in the US for your child, make sure to read the fine print and interest rates to make a wise choice for your child’s future. Consult an expert advisor to get the right plan TALK TO AN EXPERT