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Before enrolling at an IIM, students need to know about the cost of studying in IIMs beforehand to take appropriate steps to arrange the college fees. As education inflation has reached its peak, the cost of educational expenses is also on the higher side. What are IIMs? The Indian Institutes of Management, commonly referred to as IIM, is a public business school owned by the central government of India. The IIMs offer several study courses like MBA Executive, doctoral, postgraduate, and undergraduate, as well as business administration-related additional courses.  The flagship program of IIM is the MBA or Master of Business Administration program, which is offered as a one-year global MBA program or a two-year Postgraduate Program in Management (PGP).  Create Education Goal to Study in IIM Average Cost of Studying in IIMs There are several IIMs in India, the prominent three being IIM Ahmedabad, IIM Bangalore, and IIM Calcutta also referred to as IIM-A, IIM-B, and IIM-C, respectively. The MBA fee structure of all the IIMs varies between INR 16 Lakh and INR 27 Lakh.  The IIM MBA fees for the top three institutes are the highest and range between INR 24 Lakhs and INR 27 Lakhs, and for newly opened institutes, the fee varies between INR 16 Lakhs to INR 19 Lakhs.  There is a distinct difference between the fee structure of older and newly built IIMs because the new IIMs are financially backed by the government, unlike the older ones, which bear the maintenance and other expenses by themselves. Components of MBA Fees: IIM Fee Structure The IIM fee structure includes Tuition fees Traveling expenses Boarding fees Personal expenses Library fees Cost of Eating in the Mess  Internet expenses Cost of books and course materials Computer/laptop cost Study tours Alum activity Miscellaneous expenses Students can pay the total fees at one go or opt for a semester-wise payment schedule, whichever they find comfortable. Cost of studying in Top 10 IIMs IIM CampusTotal Tuition FeesIIM AhmedabadINR 24.61 lakhIIM BangaloreINR 24.50 lakhIIM CalcuttaINR 25.00 lakhIIM LucknowINR 20.70 lakhIIM KozhikodeINR 20.50 lakhIIM RaipurINR 16.10 lakh (excluding boarding fees)IIM UdaipurINR 19.00 lakhIIM RohtakINR 17.60 lakhVisakhapatnamINR 17.58 lakhIIM TrichyINR 19.5 lakh An overview of the top 3 IIMs  1. IIM Ahmedabad  IIM Ahmedabad is the country's most popular and most expensive IIM, offering Business & Management Studies. The institute offers several facilities like a hostel, library, cafeteria, labs, gym, music room, wi-fi campus, auditorium, medical facilities, sports complex, and a/c classroom.  The total tuition fee structure for the different courses is. CourseTotal Tuition FeesDurationMBA/PGDM (3 courses – 50 seats)INR 12 lakh - INR 24.61 lakhFor 16 months – 2 yearsExecutive MBA/PGDM (1 course – 140 seats)INR 31.5 Lakh 1 yearMMS (1 course)INR 20 lakh2 yearsCertificate (2 courses – 60 seats)INR 1.57 lakh4 – 6 months 2. IIM Bangalore Established in 1973 with NIRF ranking two and a 100-acre campus area, the IIM fee structure covers fees for personal accident insurance and medical insurance besides the regular fee structure offered by almost all the IIMs. Statistics of Bangalore placement 2022 show that 137 companies visited the campus and made 662 offers. The median and average package offered was INR 31.20 lakh per annum and INR 33.82 lakh per annum, respectively. CourseTotal Tuition FeesDurationMBA/PGDM (4 courses – 635 seats)INR 12.5 - INR 24.5 lakh1 year – 2 yearsCertificate (79 courses)INR 65 k – INR 17.75 lakh2 days – 15 monthsExecutive MBA/PGDM (1 course – 75 seats)INR 23 lakh1-year 3. IIM Calcutta IIM Calcutta ranked 3rd under the NIRF rankings and was the first to be established under IIM legacy. According to the available statistics for 2022, the placement percentage of the institute last year was 100%, as 190+ companies visited the campus, and 631 offers were made to the students.  CourseTotal Tuition FeesDurationMBA/PGDM (3 courses)INR 23.2 lakh – INR 25 lakh2 yearsExecutive MBA/PGDM (2 courses)INR 13.5 lakh to 31 lakh1 yearCertificate (35 courses)INR 2.5 lakh – 12.89 lakh6 months – 1 year Balance the Books by Comparing the Cost of IIMs! An elite collection of management schools in India known as the Indian Institutes of Management (IIMs) are renowned for their demanding academic curricula and superior management education. In India, there are 20 IIMs, each with special qualities and advantages. Here are the IIMs available in India: IIMLocationAnnual Fee for PGP (Latest Available)IIM AhmedabadAhmedabad, GujaratApproximately INR 30 lakhsIIM BangaloreBangalore, KarnatakaApproximately INR 24 lakhsIIM CalcuttaKolkata, West BengalApproximately INR 31 lakhsIIM LucknowLucknow, Uttar PradeshApproximately INR 19 lakhsIIM KozhikodeKozhikode, KeralaApproximately INR 19.5 lakhsIIM IndoreIndore, Madhya PradeshApproximately INR 20 lakhsIIM ShillongShillong, MeghalayaApproximately INR 14.3 lakhsIIM RohtakRohtak, HaryanaApproximately INR 16.9 lakhsIIM RanchiRanchi, JharkhandApproximately INR 16.3 lakhsIIM TrichyTiruchirappalli, Tamil NaduApproximately INR 19.5 lakhsIIM KashipurKashipur, UttarakhandApproximately INR 17.3 lakhsIIM UdaipurUdaipur, RajasthanApproximately INR 20.4 lakhsIIM RaipurRaipur, ChhattisgarhApproximately INR 16.5 lakhsIIM NagpurNagpur, MaharashtraApproximately INR 18 lakhsIIM VisakhapatnamVisakhapatnam, Andhra PradeshApproximately INR 18.2 lakhsIIM Bodh GayaBodh Gaya, BiharApproximately INR 15.5 lakhsIIM AmritsarAmritsar, PunjabApproximately INR 17 lakhsIIM SirmaurSirmaur, Himachal PradeshApproximately INR 11.75 lakhsIIM SambalpurSambalpur, OdishaApproximately INR 13 lakhsIIM JammuJammu, Jammu and KashmirApproximately INR 17 lakhs Let’s have a look at the Top 10 IIMs with their Annual Fee. Remember, IIMs often provide scholarships and financial assistance to eligible students based on various criteria, so prospective applicants are encouraged to check the most up-to-date fee structures and financial aid options on the respective IIMs' official websites. Fees for Indians and foreign Nationals at IIMs 1. IIM Ahmedabad One of India's top business schools is IIM Ahmedabad. The PGP (Post Graduate Programme) and PGP-FABM (Post Graduate Programme in Food and Agribusiness Management) are only two of the postgraduate programs it provides. The annual cost of the PGP program is around INR 30 lakhs for Indian citizens and USD 85,000 for foreign students. 2. IIM Bangalore Another esteemed IIM, IIM Bangalore is renowned for its demanding academic programs. The PGP, PGPEM (Post Graduate Programme in Enterprise Management), and PGPPM (Post Graduate Programme in Public Policy and Management) are all programs offered by the institute. The annual cost of the PGP program is around INR 24 lakhs for Indian citizens and USD 85,000 for foreign students. 3. IIM Kolkata One of the original IIMs, IIM Calcutta is well known for its management programmes. It provides a variety of management courses, including the PGDM (Post Graduate Diploma in Management). For Indian citizens and overseas students, the average yearly cost of the PGDM program is roughly INR 31 lakhs and USD 92,500, respectively. 4. IIM Lucknow The academic offerings and research initiatives of IIM Lucknow are renowned for their variety. It offers courses including PGP, WMP (Working Managers Programme), and IPMX (International Programme in Management for Executives). The yearly cost of the PGP program is around INR 19.25 lakhs (for Indian citizens) and USD 63,500 (for students from other countries). 5. Kozhikode IIM The unique programs and instructional strategies used at IIM Kozhikode are well-known. It provides the PGP, EPGP (Executive Post Graduate Programme), and PGP-BL (Post Graduate Programme in Business Leadership). The yearly cost of the PGP program is around INR 19.50 lakhs (for Indian citizens) and USD 60,000 (for students from other countries). https://www.youtube.com/shorts/SRkKqX7IQF4 6. IIM Raipur One of the most recent IIMs, IIM Raipur, is rapidly rising to prominence. It offers the Executive Fellow Programme in Management (EFPM) and PGP. For Indian nationals, the PGP program's annual cost is around INR 16.5 lakhs. 7. IIM Udaipur The picturesque campus and management programs of IIM Udaipur are well-known. The PGP and PGPX (Post Graduate Programme for Executives) are available there. For Indian nationals, the PGP program's annual cost is around INR 20.4 lakhs. 8. IIM Rohtak The IIM Rohtak is renowned for its dedication to top-notch management education. It offers the Post Graduate Programme (PGP), Integrated Programme in Management (IPM), and Executive Post Graduate Programme (EPGPX). For Indian nationals, the PGP program's annual cost is around INR 16.90 lakhs. 9. IIM Visakhapatnam IIM Visakhapatnam, one of the most recent IIMs, is expanding quickly. The PGP and FPM (Fellow Programme in Management) are available. For Indian nationals, the PGP program's annual cost is around INR 18.20 lakhs. 10. Tiruchirappalli's IIM Trichy The management programs and emphasis on research at IIM Trichy are well-known. Both the PGP and FPM are offered. For Indian nationals, the PGP program's annual cost is around INR 19.50 lakhs. Join our robust WhatsApp Community to get updates on Ed-loans! FAQs Which is the cheapest IIM? The cheapest IIM is IIM Sirmaur with its PGP course charging 11 lakhs per annum. Why IIM fee is high? IIM fees are high because their private bodies fund their institute primarily through tuition fees. They off highly popular because of their brilliant ROIs and advance programmes. The institutes offer quality education for MBA courses that are extremely sought after. It is one of the hardest universities to get admission to due to the rigorous admission process and intense competition. What are IIMs? The Indian Institutes of Management, commonly referred to as IIM, is a public business school owned by the central government of India. The IIMs offer several study courses like MBA Executive, doctoral, postgraduate, and undergraduate, as well as business administration-related additional courses

Families constantly juggle expenses, unexpected bills, and financial goals that can leave them feeling stressed and financially vulnerable. However, there is a powerful tool that can help us regain control and transform our relationship with money: Family Budgeting. It goes beyond just numbers; family budgeting holds the potential to not only empower our finances but also strengthen the bonds that tie our family together. https://www.youtube.com/watch?v=tdwqQH0xkFw Importance of family budgeting 1. Securing financial stability  A family budget often serves as a roadmap to financial stability and security, paving the way for a brighter future. By establishing a comprehensive budget, you gain a clear understanding of your income, expenses, and savings. This knowledge helps and empowers you in making informed decisions about ensuring that your family's needs are met while setting aside funds for emergencies, spending and saving, and future goals.  A budget acts as a safety net, providing peace of mind in cases of financial uncertainty, knowing that you have a plan in place to weather any storm that comes your way. What is the 15 * 15 * 15 Rule in Mutual Funds? Read More 2. Deciding long-term and short-term goals The process of budgeting allows you to define your financial goals as a family and work in a direction to achieve them together. Whether it's saving for a dream vacation, purchasing a new home, or planning for your children's education, a budget helps allocate funds toward these aspirations. The process of setting goals and tracking progress in stills a sense of purpose and direction within the family.  By involving the entire family in the budgeting process, everyone gains a sense of ownership and motivation to stay committed to the goals. This collaborative approach fosters a shared sense of purpose and strengthens family bonds as you work towards a common vision. https://www.youtube.com/watch?v=lyFMznQdbwo 3. Teaching your kids financial responsibility One of the greatest gifts for your children that you can give is the knowledge and skills for managing money effectively. By having their involvement in the budgeting process, you create an opportunity for them to learn valuable lessons about financial responsibility. From an early age, children can grasp the concept of budgeting and develop healthy spending habits. Also, by including them in discussions about family finances, they get a deeper understanding of the value of money and the importance of making thoughtful financial choices. This not only equips them with essential life skills but also strengthens the parent-child relationship through open and honest conversations about money. https://www.youtube.com/watch?v=sNqwEZbjEvc 4. Striving for transparency in budgeting  Family budgeting promotes open communication and transparency within the household. Regular budget meetings provide a platform for family members to discuss financial matters, voice concerns, and make joint decisions. This creates an environment of trust and cooperation, allowing everyone to contribute their ideas and suggestions. Through these discussions, you can address any financial conflicts or challenges that arise, fostering a culture of open dialogue and problem-solving. By working together as a team, you not only improve your financial situation but also build stronger bonds within the family, rooted in trust and shared decision-making. https://www.youtube.com/shorts/Zsd3-9_6H1o 5. Cultivating financial discipline Budgeting requires discipline and self-control, qualities that extend beyond financial matters. When you adhere to a budget, you cultivate discipline and develop a strong sense of accountability. These traits have a ripple effect, positively influencing other areas of life such as work, education, and personal relationships. By instilling financial discipline within your family, you impart valuable life skills that will benefit your loved ones for years to come. The process of budgeting teaches patience, delayed gratification, and responsible decision-making, equipping family members with the tools they need to navigate the complexities of the modern financial landscape. 5 Pro Tips for Creating a Child Education Fund Read More 6. Reduces stress and improves your well-being Financial concerns can be a significant source of stress within a family unit. Budgeting helps alleviate this stress by providing a sense of control and predictability. With a budget in place, you can reduce debt, plan for future expenses, and prioritize savings. As financial worries decrease, family members can focus on enjoying quality time together, strengthening their emotional bonds, and experiencing an overall improvement in well-being. The knowledge that you have a plan in place to handle financial challenges brings a sense of security and peace, enabling you to fully embrace the joys and opportunities that life has to offer. How long should you invest in SIP? Read More 7. Gives your emergency blanket  Life is unpredictable, and unexpected expenses can arise at any moment. Family budgeting allows you to prepare for these emergencies by setting aside funds in an emergency savings account. This ensures that your family is better equipped to handle financial shocks without jeopardizing your long-term goals. By having a safety net in place, you can face unforeseen circumstances with confidence, knowing that you have taken proactive measures to protect your family's financial future. This not only gives a sense of security but also strengthens the family's resilience, fostering a mindset of preparedness and adaptability in the face of challenges. Join our robust WhatsApp Community that helps parents invest! Family budgeting is more than just crunching numbers and tracking expenses. It is a transformative process that empowers your finances while nurturing strong bonds within your family. By creating a budget together, you embark on a journey of financial stability, goal achievement, and personal growth.

There are numerous options available for adults if they are looking for the best way to invest $1000 for a child. Every parent wishes to give a comfortable, secure, and stable life to his child, and what better way than investing on his behalf from an early age?  Investments are what drive your savings because of the compounding factor. $1000 is a good amount for investment hence you can take the help of endless opportunities to create a sizable nest egg from it. Identify your financial goals and how much time you have in hand before investing. As a rule, when the timeline is short the risk involved is also less and so are the returns. Conversely, longer timelines mean higher risk and greater growth.  Investing $1000 early will help the small amount to grow into a significant corpus. Assuming that the expected average long-term return is 10% then the $1000 will result in a nearly $490,370 portfolio by the time a child will need the money in his retirement age. Take the help of the investment calculator at the Edufund App to know how much amount you can expect for your child with a $1000 investment. Best opportunities to invest $1000 for a child Custodial account A custodial account can be opened by an adult on behalf of a child at an investment firm or a bank. The child is the beneficiary of the account which is handled by the legal adult who opens and operates the account until the child achieves maturity and comes of legal age.  The funds that grow through the custodial account can be used for any purpose by the child when he becomes the legal holder.  You can open a custodial account with Edufund App, an investment platform to secure your child’s financial future with a sum of $1000. Funds can then be invested in a diversified portfolio of assets to achieve the best returns. Different types of assets for a $1000 investment through a custodial account. 1. ETFs and index funds Index funds structured as ETFs and mutual funds help to invest in several companies at once. Index funds with low fees are the best options when the investment is through the custodial account.  For investors who are fond of taking risks to gain higher returns one of the best investment options available with $1000 is the direct equity fund. Growth stocks often yield very high profits than average equity but they have to be invested for a longer period hence choose growth equity funds for your child. 2. Individual stocks If you are not interested in the overall stock market invest $1000 in individual stock that has shown consistent returns over the years. 3. Savings bonds Saving bonds are traditional monetary gifts considered safe investments for a child. The volatility of the stock market does not have any impact on it so people looking for safe and secure investments find the savings bond lucrative options. Purchase savings bonds from private companies, utilities, and municipalities. Other investment opportunities 1. Bank fixed deposits Fixed Deposits can be a good investment opportunity for a child if you are looking for a low-risk safe and secured one-time option. Most banks offer special FD schemes for children without the option of premature withdrawal. 2. Insurance policies Choose children-specific insurance policies with life cover and death benefits. The adult who is the policyholder has to pay a sum, for instance, $1000 once and at maturity the total amount which has been compounded over the years is returned as a lump sum.  3. One-time child investment plans Invest $1000 in one-time child investment plans as early as possible so that you can get back a lump sum amount after a pre-decided period. One-time child investment plans are considered beneficial as they are safe and secured investments.  There are several options open for you that will offer better returns along with death benefits. If you are unable to decide on a specific investment plan then take the help of Edufund App and its partner banks to purchase a child investment plan that will give the best possible returns.  Conclusion A newborn child has several years before the need to access the funds will arise so it is prudent for parents to think about the best way to invest $1000 for a child and secure his future to some extent.  Take the help of the EduFund App and create a financial plan where as parents you can make investments for the child in your name. Just sign up for an account, select a portfolio from several options like US funds, mutual stocks, gold, ETFs, etc. and start your investment with $1000. Join our robust WhatsApp Community that helps parents invest!

Although nothing compares to the delight of having a child, raising a child, and giving him or her, it comes at a high cost. Parenting involves a significant financial commitment and emotional and physical investment. Raising a child in India is challenging and expensive. If you are wondering how much money does it take to raise a child in India? List of major expenses for child education plans 1. School expenses  Children's schooling and extracurricular activities take up a huge chunk of a parent’s annual income. Over 65% of parents spend at least half of their annual income on schooling. Every parent wants the best education for their child, even if it means that they occasionally struggle to make ends meet owing to escalating school costs.   A private school charges between 50,000 to 2 lakh rupees annually. In the 12 years between Classes I to XII, there would be an outlay of between 11 to 43 lakh rupees, assuming a 10% annual inflation rate for schooling. This fee is in addition to any tuition or extracurricular activities the child will enroll in.  2. College expenses  College expenses are a big part of how much money it takes to raise a child in India. Indian parents are most concerned about rising college costs, which constitute a major expense. The average cost of an engineering degree ranges from ₹12 to ₹15 lacs today; it will cost about ₹42 lacs to ₹50 lacs in around 15 years. In the same vein, it is reasonable to predict that in 15 years, a medical degree will cost more than one crore if it costs ₹30 to ₹40 lacs today. Although parents may choose to use student loans to pay for more expensive studies, the interest rate still remains high even after-tax exemptions. Top best child investment plans in India Read More 3. Miscellaneous expenses Miscellaneous expenses are important to consider when estimating exactly how much money it takes to raise a child in India. Up to the age of 18 are food, housing, and child care, but these are not the only costs to take into account. It can be expensive to purchase other basics like clothing, education, and healthcare. When calculating the costs of having and raising a kid, all of these categories should be taken into account as well.   According to a 2011 report by the Economic Times, the average cost of raising a child in India was ₹ 2.1 lacs. Healthcare costs are also increasing quite swiftly. The price of healthcare has increased steadily since that time by more than twice its previous level. Therefore, the typical health care expenses for raising a child will be between ₹ 4 to ₹ 5 lacs.  Food and other related costs, such as eating out, can range from ₹ 5000 to ₹ 6000 per person on average. Therefore, this could result in an additional ₹70,000 in expenses each year. As food prices rise, this will rise as well, therefore over the next 20 years, food may cost you ₹15 to ₹20 lacs.  Although this is changeable depending on your needs, an ordinary middle-class household that goes to the movies once a week and sometimes to a play or a weekend getaway should expect to pay roughly ₹ 4000 per person. A domestic holiday can run you roughly ₹ 30,000 per person, so your average annual entertainment price is between ₹70,000 to ₹ 80,000. All of these costs are based on current prices and do not account for inflation, so you will need to adjust your budget to account for inflation as you raise your child annually. When it comes to how much money does it take to raise a child in India? Then it can cost you from ₹65 to ₹80 lacs to raise a kid in India today. Join our robust WhatsApp Community that helps parents invest! FAQ How much does a parent spend on a child in India?  Tier 1 city households may spend up to ₹43,000 on their children, but Tier 2 families spend nearly 23% less, Tier 3 families spend more than 22% less, and Tier 4 city parents spend roughly 32% less than Tier 1 city families. So, on an annual basis, Indian parents spend ₹32,000 on their children's education.  How much do you need to have a baby in India?  Given that infants are vulnerable to infections in their first few years of life, children need intensive medical care. Therefore, keeping that in mind, according to the reports of Aditya Birla Capital, the average cost of raising an infant would range from 5 to 6 lacks rupees which would include all the expenses from monthly pediatrician visits to accessories for a child.

Money saving tips for housewives are essential for effective budget management. With the right strategies, you can stretch your budget and maximize your resources. In this article, we'll explore various money saving tips tailored to housewives. Additionally, we'll delve into the benefits of Post Office schemes, providing you with valuable insights on how to make the most of your savings. Discover practical advice to help you achieve financial stability and security.  Money Saving Tips for Housewives  Managing household finances effectively is a crucial task for any housewife. Whether you're a stay-at-home mom or managing the home front alongside your career, finding ways to save money can greatly benefit your family's financial stability. Here are some valuable money-saving tips tailored specifically for housewives: 1. Create a Household Budget  Start by putting together a thorough budget that lists all of your monthly revenue and outgoing costs. Sort your spending into categories to find places where you might make savings. Having a clear budget allows you to track your money and allocate resources more efficiently.  2. Plan Your Meals  Meal planning not only helps you provide nutritious meals for your family but also saves you money by reducing impulse grocery purchases and food waste. Create a weekly meal plan and make a shopping list to stick to when you visit the supermarket.  3. Buy in Bulk  Consider purchasing non-perishable items and household essentials in bulk to take advantage of discounts and reduce the frequency of shopping trips. Just be sure to check expiration dates and storage requirements.  4. Embrace DIY  Learning basic home repair and maintenance skills can save you substantial amounts of money over time. From fixing leaky faucets to sewing minor clothing repairs, these DIY skills can reduce the need for costly professional services.  5. Explore Second-Hand Shopping  Thrift stores, consignment shops, and online marketplaces offer a treasure trove of gently used items at a fraction of the cost of new ones. Consider buying second-hand clothing, furniture, and appliances to save on expenses.  6. Cut Down on Energy Usage  Establish energy-saving practices, including utilizing energy-efficient appliances, shutting off lights when not in use, and properly insulating your home. Lowering your energy bills not only saves money but also benefits the environment.  7. Comparison Shop  Before making any major purchases, research and compare prices from multiple retailers or online stores. Take advantage of sales, discounts, and cashback offers to secure the best deals.  8. Save on Transportation  Opt for carpooling, public transportation, or biking whenever possible to reduce fuel and maintenance costs. Properly maintaining your vehicle can also extend its lifespan and minimize repair expenses.  9. Create an Emergency Fund  Setting aside a section of your savings for emergencies could prevent you from going into debt when unexpected expenses arise, such as medical bills or home repairs.  10. Utilise Post Office Savings Schemes  Explore the various savings and investment options offered by the Post Office. These schemes, designed for individuals seeking safe and reliable investment avenues, can help your money grow over time.  By implementing these money-saving tips, housewives can contribute to their family's financial well-being while managing the household with confidence and efficiency. Remember that small changes in your spending habits can lead to significant savings over time, ultimately providing greater financial security for you and your loved ones.  https://www.youtube.com/shorts/NKh7YxTo9yc Mutual Funds for Indian Moms! Mutual funds are some of the best investment options for Indian mothers. Mutual funds are: Extremely cost-effective Professionally managed by fund managers Invest in multiple companies at once Allow you to invest once or multiple times in a year You have the option to pause, stop or step your investment You can save lakhs by investing in thousands. Mutual funds opens up an investing arena that may not be cost-effective for thousands of parents out there. It allows you to invest for your child's education, marriage, and daily expenses at reasonable monthly SIPs starting at Rs. 1000. You can increase, pause and even stop your investments based on your preference. Mutual funds offer immense diversification - you can find mutual funds that invest in foreign companies, small-cap companies, large companies like HDFC, TATA consumers and become a proud shareholder by investing a small sum. Mutual funds are professionally managed which means that your money is in trusted hands. Another brilliant aspect of investing in mutual funds is that they can beat inflation. The average returns offered by mutual funds are 11-12%, which means that your money will significantly grow over the years and allow you to afford high-quality education for your kids. Join our robust WhatsApp Community that helps parents invest! This mom is using Mutual Funds to save ₹1.5 crores! https://www.youtube.com/watch?v=Vw2K_iSMj7U&t=31s Post Office Savings Schemes: A Financial Lifeline for Housewives Housewives play a pivotal role in managing the household, often juggling a multitude of responsibilities. Amidst busy life, financial stability remains a critical concern. Fortunately, Post Office Savings Schemes provide a reliable and secure avenue for housewives to grow their savings and secure their family's future.  Parenting Tips for Child Education Read More Understanding Post Office Savings Schemes  Post Office Savings Schemes are government-backed financial instruments offered by the Indian Postal Service, catering to the diverse financial needs of individuals, including housewives. These schemes are renowned for their safety, attractive interest rates, and accessibility, making them an excellent choice for those seeking to build wealth.  Popular Post Office Savings Schemes for Housewives  Post Office Savings Account: This is the most straightforward and accessible savings option. Housewives can open a Post Office Savings Account with a minimum deposit and benefit from competitive interest rates.  Public Provident Fund (PPF): It is a long-term investment scheme that offers tax benefits. Housewives can contribute regularly and build a substantial corpus over time.  Senior Citizens Savings Scheme (SCSS): While not exclusive to seniors, this scheme provides a higher interest rate and regular payouts, making it a suitable option for those seeking steady income.  Monthly Income Scheme (MIS): MIS offers a fixed monthly income, making it ideal for housewives looking for a regular source of funds to meet household expenses.  Sukanya Samriddhi Yojana (SSY): SSY is tailored for the girl child's future, allowing housewives to invest on behalf of their daughters and secure their education and marriage expenses.  Benefits of Post Office Savings Schemes for Housewives  Safety: These schemes are backed by the government, offering a high level of security for your investments.  Attractive Interest Rates: Post Office Savings Schemes typically offer competitive interest rates, ensuring your money grows steadily.  Flexibility: With a range of schemes to choose from, housewives can select the one that aligns best with their financial goals and risk tolerance.  Accessibility: Post Offices are widespread in India, making it easy for housewives to access these schemes, even in rural areas.  Tax Benefits: Some schemes, like the PPF, offer tax benefits under Section 80C of the Income Tax Act, helping housewives reduce their tax liabilities.  Tips for Housewives Using Post Office Savings Schemes  Set clear financial goals to determine which scheme suits your needs.  Regularly contribute to your chosen scheme to maximize returns.  Keep track of maturity dates to make informed decisions about reinvesting or withdrawing funds.  Consider diversifying your investments by combining multiple Post Office Savings Schemes to meet various financial objectives.  In conclusion, Post Office Savings Schemes are a financial boon for housewives, offering a safe and reliable way to save and invest their hard-earned money. By leveraging these schemes wisely, housewives can secure their family's financial future and enjoy peace of mind amid their myriad responsibilities.  Create Goals for Child Education Money Saving Tips for Indian Housewives  Managing finances can be a challenging task for Indian housewives, who often juggle multiple responsibilities while ensuring their family's well-being. Here are some unique money-saving tips tailored to the Indian context that can help housewives make the most of their resources:  1. Embrace Traditional Cooking Methods  Indian cuisine is rich and diverse, but it can also be expensive if you rely heavily on processed foods. Embrace traditional cooking methods like grinding spices at home, making your own yogurt, and preparing snacks from scratch. Not only will this save money, but it can also lead to healthier meals.  2. Practice Sustainable Living  Incorporate eco-friendly practices into your daily life. Reduce water wastage, segregate and recycle waste, and explore ways to reduce electricity consumption. Sustainable living not only benefits the environment but also lowers utility bills.  3. Grow Your Own Herbs and Vegetables  If you have some outdoor space or even a few pots and containers, consider growing your own herbs and vegetables. This not only reduces grocery expenses but also ensures fresh, chemical-free produce for your family.  4. Buy Seasonal and Local  Opt for seasonal fruits and vegetables, which are not only fresher but also more affordable. Additionally, support local farmers and markets to save money and promote sustainable agriculture.  5. Learn Basic Home Repairs  Basic home repair skills can save you a significant amount of money in the long run. From fixing leaky faucets to minor electrical repairs, knowing how to handle common household issues can prevent costly service calls.  6. Explore Government Schemes  India offers various government schemes aimed at supporting women, including housewives. Investigate programs related to financial assistance, skill development, and entrepreneurial opportunities that can boost your family's income.  7. Practice Mindful Shopping  Before making purchases, ask yourself whether you truly need the item. Avoid impulsive shopping and take advantage of sales and discounts. Additionally, consider shopping online, where you can often find better deals and cashback offers.  8. Invest Wisely  While saving is essential, consider investing your savings in financial instruments like fixed deposits, mutual funds, or government savings schemes to grow your wealth over time. To make wise selections, seek the advice of a financial expert.  9. Share Resources with Neighbours  Forming a cooperative or sharing resources with neighbors, such as carpooling for school runs or buying groceries in bulk, can lead to significant cost savings for everyone involved.  10. Teach Financial Literacy  Teach your family members about financial literacy, especially the younger members. Instil the value of money, budgeting, and saving from an early age to ensure responsible financial habits in the future.  Incorporating these unique money-saving tips into your daily life can help Indian housewives navigate their financial responsibilities more effectively. By being resourceful and adopting sustainable practices, you can contribute to your family's financial well-being and long-term prosperity.  Talk To An Expert FAQs What is the 30-day rule? The 30-day rule is a budgeting strategy that involves waiting for 30 days (about 4 and a half weeks) before making a non-essential purchase. If after a month you still want or need the item, you can buy it. This rule helps prevent impulse buying and allows for more thoughtful spending decisions. What is the 50-30-20 rule? The 50-30-20 rule is a popular budgeting guideline. It suggests allocating 50% of your income to necessities (like housing and utilities), 30% to discretionary spending (like entertainment), and 20% to savings or debt repayment. It provides a simple framework for managing your finances effectively. What is the 90-day rule? In finance, the 90-day rule refers to a strategy used in budgeting and financial planning. It involves evaluating your financial decisions and commitments over a 90-day period before making significant investments or purchases. This timeframe allows individuals to assess their cash flow, expenses, and potential financial risks more comprehensively. By adopting the 90-day rule, one can make more informed and deliberate financial choices, ultimately leading to better fiscal stability and reduced impulsive spending.

Earning a Master's degree from the United States is a dream for many aspiring professionals. A US Master's degree opens doors to a world of opportunity, with globally recognized credentials that enhance your career prospects and unlock a higher earning potential. However, the high cost of education in the US, especially for international students, can be a significant obstacle. The good news is, there are ways to make a US Master's degree more affordable. This blog will guide you through various strategies for finding affordable programs and highlight some top universities in the US offering such opportunities. We'll also explore how parents can support their children's educational dreams and introduce EduFund as a valuable solution. Why Pursue a Master's Degree in the USA? Investing in a US Master's degree can yield a significant return on investment (ROI). Here's why: Globally Recognized Credentials: A US Master's degree is a prestigious qualification recognized by employers worldwide. It gives you a competitive edge in the job market and opens doors to international career opportunities. Specialized Programs & Cutting-Edge Research: US universities offer a vast array of specialized Master's programs, allowing you to delve deeper into your chosen field. Many institutions are at the forefront of research, providing access to cutting-edge knowledge and practical applications. Practical Learning & Industry Connections: Many US Master's programs emphasize practical learning experiences, internships, and connections with leading industries. This equips you with the skills and networks employers value most. Increased Earning Potential: Studies consistently show that graduates with Master's degrees often command higher salaries compared to those with only a Bachelor's degree. Top 5 US Universities with Affordable Master's Programs Arizona State University (ASU) - Tempe, Arizona: Introduction: ASU is a large, public research university known for its innovative programs and commitment to online education. Tuition Fees (Estimated): $15,000 - $25,000 per year (online programs) Top Master's Programs for Indian Students: Computer Science, Engineering (various specializations), Business Administration, Supply Chain Management, Data Analytics. Additional Points: ASU offers numerous scholarships specifically for international students, making it a financially attractive option. Their online programs provide flexibility and potentially lower tuition fees. University of North Carolina at Chapel Hill (UNC Chapel Hill) - Chapel Hill, North Carolina: Introduction: UNC Chapel Hill is a prestigious public research university known for its strong academic programs and beautiful campus. Tuition Fees (Estimated): $25,000 - $35,000 per year (Out-of-State) Top Master's Programs for Indian Students: Public Health, Information Technology, Environmental Sciences, Business Administration, Data Science. Additional Points: While UNC Chapel Hill has a slightly higher cost of living compared to the national average, it offers a well-rounded academic experience and strong alumni network. Research in-state tuition options if eligible. Western Kentucky University (WKU) - Bowling Green, Kentucky: Introduction: WKU is a public university known for its affordability and quality programs. It offers a vibrant campus life in a relatively low-cost area. Tuition Fees (Estimated): $12,000 - $20,000 per year Top Master's Programs for Indian Students: Engineering Management, Computer Science, Business Administration, Marketing, Public Health. Additional Points: WKU offers a combination of on-campus and online Master's programs, making it suitable for various learning preferences. The lower cost of living in Bowling Green helps manage overall expenses. University of Wisconsin-Madison (UW-Madison) - Madison, Wisconsin: Introduction: UW-Madison is a renowned public research university with a strong reputation in science, engineering, and humanities. Tuition Fees (Estimated): $28,000 - $40,000 per year (Out-of-State) Top Master's Programs for Indian Students: Engineering (various specializations), Computer Science, Supply Chain Management, Life Sciences, Public Policy. Additional Points: While tuition fees are higher, UW-Madison offers excellent research opportunities and a vibrant campus life. Explore scholarship opportunities to offset costs. Purdue University - West Lafayette, Indiana: Introduction: Purdue University is a public research university with a global reputation in engineering, technology, and agriculture. Tuition Fees (Estimated): $25,000 - $35,000 per year (Out-of-State) Top Master's Programs for Indian Students: Engineering (various specializations), Computer Science, Management Information Systems, Aviation, Food Science. Additional Points: Purdue University offers a strong focus on practical learning and industry connections, making graduates highly sought-after by employers. Research scholarship and assistantship possibilities. Please note: Tuition fees are approximate and may vary depending on the specific program. It's crucial to research individual universities and programs for the most up-to-date information. Top Strategies for Finding Affordable Master's Programs Finding an affordable Master's program in the US requires strategic planning. Here are some key tips: Explore Public Universities: Public universities generally boast lower tuition fees compared to private institutions. Research public universities within your chosen field that offer strong Master's programs. Consider Location: While prestigious universities in major cities can be tempting, they often come with a higher cost of living. Consider universities located in regions with a lower cost of living to manage expenses effectively. Look for Online Programs: The rise of online education offers flexibility and potentially lower tuition fees while providing a quality education. Explore online Master's programs from reputable universities. Research Scholarships and Financial Aid: Many universities offer scholarships and financial aid specifically for international students. These can significantly reduce your financial burden. Research and apply for scholarships offered by the university, external organizations, or your home country. Target Programs with Assistantships: Graduate assistantships can provide a valuable combination of tuition reduction and work experience. These assistantships typically involve assisting professors with research or teaching duties.

Do you think education loans are only for prestigious universities like Ivy Leagues or Oxford and IITs? Do you think the moratorium period is interest-free or you can only get an education loan if you are going to study specific courses? Then you need to read this blog! It’s time to dispel the myths about education loans and help you plan for your higher education smartly with all the facts in check! The moratorium period is interest-free  A myth about education loans is that the moratorium period wherein the borrower is not obligated to make payments is interest-free. This is not true; the moratorium period is a time when it is not compulsory for the borrower to start making payments to the bank. The interest accumulated during this period is added to your next installment and not waived.   Banks generally calculate the interest generated during the moratorium period and add it to the principal repayment amount. Most banks offer a moratorium period for education loans. During this time horizon, the borrower must figure out their expenses and work on a financial repayment plan for the loan. Apply for Education Loans Education loans are only for foreign universities  Education loans are offered for Indian and foreign universities. The myth about education loans and lenders is that education loans are only given to students planning to go abroad and for huge amounts like Rs. 50 lakhs or more. This is incorrect, parents who wish to educate their children in India can avail of education loans starting at Rs. 50,000 and more. They have the flexibility to choose their lender and figure out the best interest rate and the most favorable loan requirements for their child’s education.   In fact, most banks allow students to take on a personal loan to take online courses and even online master's programs to upskill and aim for better job opportunities. Yet seeking an education loan for an online degree is not an option at the moment.   Education Loan Process Read More Self-financing is better! Using savings is better than taking a loan is another misnomer and myth about education loans. While it is ideal to have an education fund that can sponsor your education, it may not be possible for everyone. In fact, 60% of Indian parents regret not saving for their child’s education but that should not stop you.  Neither should you opt for selling assets or borrowing informally, education loans offer flexibility and can be a good alternative for children who are in need of immediate funds from trusted institutions.   Taking an education loan means you won’t have to sell your assets, you will have time to start the repayment process and the stress of paying immediately will be lifted off your shoulders. Taking a loan can also help you in the long run with credit building and other expenses.   Education loan is only for Ivy League Another myth about education loans is that only students going to Ivy League colleges can opt for them. Education loans are given to candidates who have a good application and are applying to a recognized university. You do not have to go for an Ivy League to apply for an education loan, all you need is a good course and a recognized university so that your application can be processed and verified!   Education loans only cover tuition fees  Education loans cover a number of expenses including tuition fees, accommodation, application fees, flights and books, and more. It helps you sponsor your education and not just tuition fees. It gives you the flexibility to decide how you spend your money and how much you need to comfortably settle into your new life as a student.   Applications without collateral are rejected   Applications without collateral are not rejected; in fact, many education loans are collateral-free. Collateral-free means you don’t have to pledge an asset (like land, house, or FDs) to avail of an education loan. Education loans are designed to make education more affordable and accessible for the general public which is why some education loans do not have a collateral clause as well.   You can only finance your education with a loan No! There is ‘n’ a number of ways to finance your education and a loan is just one of them. You can sponsor your education with scholarships, grants, bursaries, and an education fund your parents may have saved up for you. As a parent, you can help your child fund their education through SIP in mutual funds, by investing in US stocks, and by exploring different investment options. An education loan is also a great alternative to help you finance your dream college and career, it helps you with big expenses like tuition fees, accommodation as well and visa applications where you have to show proof of funds in order to fly to a study abroad destination.   You can finance your study abroad or higher education dreams in combination. If you have some savings and lack the rest of the funds then an education loan is the right way forward.   We hope this article helped you break all the myths about education loans! If you are looking for the right education loan for your child then look no further, contact our savings experts to get the best loan at attractive interest rates.  FAQs Is taking an education loan a good idea? Student loans are a great way to build credit. With the increasing credit score, your child will be qualified for future loans of this nature. It will instill self-belief in them regarding their capacity to be self-sufficient. With education loans, you get to borrow money at relatively lower interest rates. What will happen if I don't pay education loan? Non-repayment of an education loan is a legal offense. An education loan is a legally binding contract given to the applicant on the condition that they will repay the lender/bank in a timely duration. It is not a scholarship or donation. Students must beware that the bank can take legal action against them and their co-applicant if the loan is not repaid according to the two parties' agreed-upon repayment process. In fact, the lender is within their right to confiscate any collateral pledged as security against the loan taken. What are the disadvantages of education loans? One of the disadvantages of education loans is that they can be stressful. They are like an albatross around your neck throughout your college days, and once you start a new job, a majority of your income is contributed to their repayment. The repayment cycle can also be long and tenuous—it can go up to 15 years. Is self-financing better than taking an education loan? If you or your parents have limited savings, an education loan is better than self-financing. Education loans allow you to be independent and not depend on your parents' savings to sponsor your higher education. There are also tax benefits of education loans that you and your parents can reap. TALK TO AN EXPERT

If you are an Indian parent looking forward to providing your kids with the best education possible and curious about the most expensive schools in India for a child's education, then keep reading!  Which are the most expensive schools in India? Let's find out the most expensive schools in India for children's education and where they are located. 1. The Doon School, Dehradun The Doon School in Dehradun is one of the most expensive and best institutions in India. Publications like The New York Times, BBC, and Times of India have framed it as one of the best schools in India. This school provides education of the greatest calibre. The school’s alumni list is enough to encourage you to send your child to this school!  Amitav Ghosh, Abhinav Bindra, Ali Fazal, Anish Kapoor, Karan Thapar, and Chandrachur Singh are some of the notable alumni of this school.  Annual fees: Cost around INR 10 lakhs - INR 11 lakhs Semester expenses: Around INR 25,000 Address: Mall Road, Dehradun 248001.Email: info@doonschool.comPhone: +91-135-2526400Website: www.doonschool.com Expensive Schools in Dehradun Read More 2. The Scindia School, Gwalior The Scindia School in Gwalior is a CBSE-affiliated school in India and is considered one of the most expensive schools in India for your child's education. It is also called the Sardar School. The school has one of the best features in the entire city because it is perched atop the Gwalior fort. The examinations are administered between January and February every year. Salman Khan, Mukesh Ambani, Anurag Kashyap, Arbaaz Khan, Nitin Mukesh, and Ameen Sayani are some of the notable alumni of this school.  Annual fees: Cost around INR 12 lakhs - INR 13 lakhs Address: The Fort, Gwalior, Madhya Pradesh 474008.Email: office@scindia.eduPhone: +91 751 248 0750Website: www.scindia.edu Schools in Gwalior for Child Education Read More 3. The Mayo College, Ajmer The Mayo College in Ajmer is an all-boys college in Rajasthan, popular among Indians and NRIs. It was established to provide modern education to Indian nobility. It is one of the oldest schools and is known for its reverence for Indian culture. The curriculum at Mayo College incorporates technological and technical proficiency, fine arts, theatre, music, sports, and academic excellence. Indra Sinha, Vivek Oberoi, The Sultan of Oman, and Tinnu Anand are some of the alumni of the school. Annual fees: Cost around INR 6.5 lakhs - INR 7 lakhs for Indians and 13 lakhs for NRIs. Address: Mayo College, Srinagar Road, Ajmer, Rajasthan 305001Email: principal@mayocollege.comPhone: 0145 – 2661154, 2664393Website: www.mayocollege.com Expensive Schools in Ajmer Read More 4. Welham Boys School, Dehradun Welham Boys School is one of the most expensive and prestigious colleges in Dehradun, Uttarakhand, India. It is the educational center of the nation situated on 30 acres of land and is affiliated with the CBSE board. Rajiv Gandhi, Sanjay Gandhi, Navin Patnayak, Zayed Khan, Mansoor Ali Khan Pataudi, and Captain Amrinder Singh are some of the notable alumni of the school.  Annual fees: Cost around INR 5.7 lakhs - INR 6 lakhs.  Address: Welham Boys’ School,5, Circular Road, Dehra Dun – 248001,Uttarakhand, India.Email: admissions@welhamboys.org and viceprincipal@welhamboys.orgPhone: 0135 – 2657944, 2657120Website: www.welhamboys.org Create Goals For Child Education in Premium Schools 5. Woodstock School, Mussoorie Woodstock School in Mussoorie is a reputed co-ed residential educational School that is one of the best and most expensive schools in India. It is the first institution in India to get a formal reputation as an international board World School with a middle-year program. There is diploma program authorization as well. Stephen Alter, Tom Alter, James Taylor, Philips Devol, and Jeet Singh are some of the notable alumni of this school.  The tuition fees of this school range from 16 lakhs for classes 6 to 8 and 17.7 lakhs for classes 10 and 12. Address: Woodstock School, Mussoorie, Uttarakhand,248179, India.Email: admissions@woodstock.ac.inPhone: +91 (135) 263-9000Website: www.woodstockschool.in Expensive Schools in Mussoorie Read More 6. Birla International School, Pilani Birla International School in Pilani is also known as the Vidya Niketan School. There are three sections of this school: the middle section, the senior section, and the junior section. Established in 1944, this is one of the most expensive schools in India for your child's education.  Vinod Rai, General VK Singh, and Vivek Chand Sehgal are some of the notable alumni of this school.  Annual tuition fees: Cost from INR 2.9 lakhs for classes 3 to 10 and 3.10 lakhs for classes 10 and 12.  Address:Vidya Niketan Birla PublicSchool, Pilani-333031Rajasthan-IndiaEmail: principal@bpspilani.edu.inPhone: (01596) 242132Website: www.bpspilani.edu.in Expensive Schools in Ahmedabad Read More 7. Good Shepherd International School, Ooty Good Shepherd International School in Ooty is a full-time residential School established in 1977 in Nilgiris, Tamil Nadu, India. It is a reputed school for its educational practices and has a top rank in the education world in India school ranking.  Malvika Vashishtha, Krishna Kishore, Mako Ravindran, and Sumesg Lekhi are notable alumni of this school. The tuition fees of this school range from INR 6.10 lakhs to INR 15 lakhs. If you are looking for one of the best schools in India for your child's admission, this can be a great option if you live in Tamil Nadu.  Address: Good Shepherd Knowledge Village, M.Palada Post, Ootacamund – 643 004 Tamil Nadu, India.Email: info@gsis.ac.inPhone: +91 423 2550 371 / 071Website: www.gsis.ac.in Schools in Ooty for Child Education Read More 8. Ecole Mondiale World School, Mumbai Ecole Mondiale World School, Mumbai is a prestigious school located in Mumbai. It is considered one of the most expensive schools in India and Mumbai. The school offers an IB curriculum board, an excellent teacher and student ratio of 6:1, and has had over 2800 university offers for its students.  It was established in 2004 and is among the top 5 IB World Schools in India.  Annual tuition fees: The annual fees for Ecole Mondiale World School is INR 6 to 7 lakhs per annum for KG to 1st-grade students. For 1 to 10th grade, it is INR 9 to 10 lakhs while the 11th and 12th grades is INR 10 to 11 lakhs.   The one-time admission fee is INR 3,00,000.  Address: Gulmohar, Cross Rd Number 9, JVPD Scheme  Juhu, Mumbai, Maharashtra 400049 Phone: 022 2623 7265 Website: https://www.ecolemondiale.org Expensive Schools in Mumbai Read More 9. Stonehill International School, Bangalore  Stonehill International School is an international IB school located in Bangalore and was founded in 2008. The school is truly global and has faculty members hailing from 35 countries. It is internationally accredited and recognized. It is considered one of the most expensive schools in India because of its infrastructure, state-of-the-art building, and adoption of the IB curriculum.   Annual tuition fees: The annual fees are INR 4 lakhs to INR 12 lakhs per annum.   Address: 259 / 333 / 334 / 335 Tarahunise Post, Jala Hobli, Bangalore North 562 157, India Phone: +91 8043418300 Website: https://www.stonehill.in Expensive Schools in Bangalore Read More 10. Bishop Cotton School, Shimla  Bishop Cotton School is located in Shimla. It is one of the oldest boys' boarding schools in India and Asia. The school conducts entrance exams across India as an admission criterion and is listed among the top expensive schools because of its facilities and academic excellence.   Annual Tuition Fees: The annual fee for 1st and 3rd-grade students is INR 6.2 lakhs and for students in 3rd to 12th grade, the annual fee is INR 6.5 lakhs.   Address: Shimla Bypass, Near Khalini, Shimla, Himachal Pradesh 171002, India Phone: (0177) 2620880 Email: secy@bishopcotton.com Website: https://bishopcottonshimla.com/  Choose the right board for child schooling Read More 11. Welham Girls’ School, Dehradun The Welham Girls School was established by Ms. H.S. Oliphant in 1957 in Dehradun. The school has classes from 6 to 12 and is affiliated to the CISCE board. It is a day cum residential institution. Some notable alumni include politician Priyanka Gandhi Vadra, Meira Kumar first lady speaker of the Lok Sabha, actress Kareena Kapoor Khan, etc.  Annual Fees: Rs. 8,50,000 Address: Welham Girls’ School, No 19, Municipal Road, Dalanwala, Dehradun-248001Email: mainschool@welhamgirls.com, wgs_admissions@welhamgirls.comPhone: 0135-2654754, 6670100Website: welhamgirls.com 12. The Lawrence School, Sanawar The Lawrence School is a co-ed boarding school located in Sanawar, (Solan) Himachal Pradesh. The school was established in 1847 and is affiliated to the CBSE board. Ashwajeet Singh, Ajai Thandi, Co-founders of Sleepy Owl Coffee, Captain Abhilasha Barak, the first woman officer to join the Army Aviation Corps as a Combat Aviator, Vipin Sondhi, MD & CEO of Ashok Leyland etc. are some of the notable alumni of this school.  Annual Fees: Rs. 13,00,000 Address: Sanawar, Dist Solan, Himachal Pradesh - 173202Email: office@sanawar.edu.inPhone: +91 1792 261208, 261209Website: sanawar.edu.in 13. Shri Ram School, Delhi & Gurugram Founded in 1988 by Mrs. Manju Bharat Ram, The Shri Ram School has 4 campuses, one in Vasant Vihar, and the other three in Gurgaon at Moulsari, Aravali, and Bhondsi respectively. It is affiliated with the CISCE and IB boards. Alumni include some popular names like actor Sonam Kapoor, Rhea Kapoor, actor-director Karan Johar, Anjali Tendulkar, etc Annual Fees: Rs. 4,00,000 Address: D-3 Street, Vasant Vihar, New Delhi - 110057Email: junior.school@tsrs.orgPhone: 26140884, 26149572Website: tsrs.org Address: V-37, Moulsari Avenue, Phase 3, DLF City, Gurugram Email: senior.school@tsrs.orgPhone: 0124-4784400Website: tsrs.orgHamilton Court ComplexPhase 4, DLF City,Gurugram - 122002Email: senior.aravali@tsrs.org, junior.aravali@tsrs.orgPhone: 0124-4784300 14. Mahindra International School, Pune Established in 1998, this school was originally named Mercedes Benz International School. It is located in Hinjewadi, Pune, and is a co-ed institution affiliated with the IB board. It is a popular school and boasts of a low student-teacher ratio. It is a day cum residential school.  Annual Fees: Rs. 17,00,000 Address: P-26 MIDC Phase 1, Rajeev Gandhi Infotech Park, Hinjawadi, Pune - 411057Email: admissions@misp.orgPhone: +91-2042954444Website: misp.org 15. The Cathedral & John Connon School, Mumbai One of the oldest institutions, this school was established in 1860 by the Anglo-Scottish Education Society in Mumbai. It is a co-ed day school offering national (ICSE, ISC) as well as international (IGCSE, IBDP) curriculum. Actors Kiara Advani, Madira Bedi, Rahul Bose, and Homi J. Bhabha are some of the distinguished alumni of this school.  Annual Fees: Rs. 8,70,000 Address: The Cathedral and John Connon School, 6, Purshottamdas Thakurdas Marg, Fort, Mumbai-400001Email: Not providedPhone: 022-2201282/022-40778140Website: cathedral-school.com https://www.youtube.com/shorts/l8Hyb77tkM8 FAQs Which is the most expensive school in India? Schools like Ecole Mondiale World School, Mumbai, Doon School, and Stonehill International School in Shimla are considered some of the most expensive schools in the country. What is the most luxurious school? Here is a list of the most expensive and luxurious schools in India: The Doon School, Dehradun The Scindia School, Gwalior The Mayo College, Ajmer Welham Boys School, Dehradun Woodstock School, Mussoorie Birla International School, Pilani Good Shepherd International School, Ooty Ecole Mondiale World School, Mumbai Stonehill International School, Bangalore Bishop Cotton School, Shimla What are the fees of an expensive school in India? Expensive schools in India cost anywhere between INR 6 to 10 lakhs per annum. This is only the annual tuition fee and does not include the cost of travel, boarding, uniform, and other school expenses. Most expensive schools in India for your child's education charge annual fees from INR 7 lakhs to INR 15 lakhs. These schools are extremely competitive and in demand with Indians as well as NRIs. They hold separate admission tests, and interview rounds as well as have a donation and referral system to select the best and most meritorious students. If you want to give your child the best opportunities then connect with us to plan your child’s education with ease! 

Education can be a costly affair not only in terms of tuition fees but also the add-ons like different gadgets for students only add to your cost of living alone. Electronic gadgets form an important part of such expenses but there are some gadgets to make your student's life easier. Being informed about which gadgets serve your educational needs can be helpful in deciding if you need a laptop or a smartphone. In the long run, you don’t want to make investments you might regret later. You also want to take note of the following gadgets as expenses to consider while applying for an education loan.  Start a Goal for these Gadgets! Learn how to manage your child’s screen time on mobiles, TVs and other screens! Gadgets are essential for your child's learning, growth and development. However, its important to regulate this screening and access to gadgets, watch this video to learn the best way to give your child the best of both worlds! https://www.youtube.com/watch?v=hM54u7uCWjM Gadgets for Students Here are some essential gadgets that can make a student's life easier and enhance the learning process! 1. Smartphone or Tablet  Gone are the times when a mobile phone was solely seen as a source of distraction for students. These days a smartphone is one of the primary requirements. Be it, online classes, watching educational videos, accessing your email account, or simply surfing the internet, a smartphone is a go-to.  An alternative to smartphones is tablets which come with slightly bigger screens and better resolutions. For example, an iPad will have a higher aspect ratio than an iPhone. This means that the iPad will have more resolution and screen size than the iPhone. But it also means that an iPhone is more compact as a device as compared to an iPad. While purchasing either, you are required to make the right choice by weighing it against your requirements.   https://www.youtube.com/watch?v=tdwqQH0xkFw 2. Laptop or PC Unlike earlier, everything that can be accessed through a computer is also accessible through smartphones. However personal computers are favored over smartphones because of the experience they offer. A personal computer might comprise a monitor, CPU, keyboard, mouse, speaker, webcam, internal hard drive, and so on. Although these gadgets have to be purchased separately and can take up considerable space. But it is a good investment if you are a student because it creates a dedicated space for studying.   With laptops, the experience might not be as top-notch. Nevertheless, Macbooks are popular amongst students because of their compact design and the convenience of portability. A laptop works wirelessly and comes with a keyboard, built-in speakers, a web camera, and a touchpad in the place of a mouse. It is a brilliant investment especially if you are staying away from home for educational purposes.  3. External Hard drive  Nowadays every document you own can be saved up as a soft copy in cloud memory or your e-drive connected to your email account. This helps you take up less physical space with your studying materials. Even so, owning an external hard drive is a smart move if you want to be extra careful about preserving all of your materials.  An external drive allows you to access your documents easily without taking up much of your study space or the internal space on your device. All you have to do is connect the drive to your laptop or PC. Another attractive feature of an external hard drive is its portability.  4. Noise Cancellation Headphones  Headphones have existed as a wanted product in the market for a long time. One of the new features that have caused a terrific comeback for headphones is its noise cancellation. As the name suggests, noise-canceling headphones are meant to block out all of the external noise not only while listening to an audio clip but also during recordings or incoming and outgoing calls. The level of concentration a student can achieve is always considered a virtue that helps them excel in academics. Noise-cancellation headphones can help them attain that level of undivided attention which is also a requirement for online classes that have become the trend during the pandemic.  5. Printer  Even though many new and cool gadgets have flooded the market, printers shall never run out of fashion. If your subject or the academic course you have enrolled in requires you to get things printed regularly, going to a shop to get it done makes no sense.  Well-known brands like Epson, HP, Brother, Samsung, and Canon have introduced a range of budget printers to the market in recent years. By purchasing one of these, you would not only save up on your daily expenses but also preserve your precious time. In fact, having a printer at home can come in handy during emergency assignment submissions.   6. Electric Kettle & Emergency Lamp As a student, you might be required to pull all-nighters frequently. Even if that is not the case, staying up late might simply be part of your daily study routine. In such circumstances, gadgets that can make your life easier are electric kettles and emergency lamps.  Make yourself a cup of coffee or tea if you feel drowsy. You are no longer required to leave your study table to go to the kitchen as long as own an electric kettle. An emergency table lamp will come in handy if you are sharing your room with a fellow student or living in a dorm.   7. Kindle  Kindles will never run out of favor among students as long as academics is about gathering knowledge by reading books. A Kindle is an e-reader manufactured and sold by Amazon. One can read not only e-books but also e-magazines and other such digital content on this wireless gadget.  Call it a side effect of globalization, but nowadays students are required to keep moving from one location to another during different stages of their education. As such, a Kindle is an indispensable gadget - it is the alternative to carrying hard copies of bulky books. Moreover, it comes with cool features like a highlighting tool and sometimes a waterproof body. Dictionaries will be at your disposal while reading if you have them downloaded on your Kindle. You will not be required to carry a dictionary everywhere you go, as long as carry your books in your Kindle.    8. External Batteries & Portable Chargers   Being a student means you will require safe-to-use and convenient gadgets to charge devices like your phone, laptop, tablet, speaker, and so on. A range of portable chargers has been developed in recent years by reputed companies to make life easier. The concept of clutch batteries or chargers that are the size of a clutch or purse is becoming increasingly popular in this era of digitization.    For students who depend on rigorous online activity as part of their academic curriculum, these allow them to charge their devices wherever they are. For charging devices iPhones, special external batteries like the Ubio Labs Shadow Series have been developed which are not only easy to carry but also stunning to look at. 9. Rocketbook Everlast smart reusable notebook  Rocketbook is a digital notebook for all those who love to write over typing. It is a useful and affordable gadget for students who have trouble taking notes on their laptops and need a notebook that can be reused and even used later to add transfer notes digitally.   It’s a popular and efficient product for college students, school students and even working professionals.    10. Anti-theft laptop bag   Want to protect your expensive laptop then get an anti-theft laptop bag to ensure maximum security for your gadgets as a student. It is an affordable bag. bag rucksack and helps you protect your precious belongings at school or college from theft.    11. External hard drive  An external hard drive is a must for every student. It helps you store all your data safely. If you are a student who uses a lot of storage on your laptop for photos, videos, college projects, or freelance work – this is the right gadget for you. It helps you protect your data from a virus on your laptop or in the event your laptop breaks down.   Hard drives come in different capacities and based on that; the product has different price points.     12. Laptop tray with fans  A laptop tray is a great addition to the list of gadgets students need. It cools down your laptop and ensures your work is not hindered because of an overheating laptop or sudden shutdown because of overuse. Make you get a laptop tray the size of your laptop.   These trays are portable and let you work on your laptop without any disturbance.     13. Folding Bluetooth keyboard  A folding keyboard is great for students who do not have a laptop. You can attach it to your phone or tablet and type away your notes or do-to lists. It's lightweight, easy to carry, and connects with your laptop, phone, iPad, or tablet with ease.   It is a great alternative for students who do not have to buy a laptop but need a writing keyword to type their assignments and projects.    14. Wi-Fi range extender  The Wi-Fi range extender is a great product for students. The Internet is man’s new best friend and a student’s savior during college. Good Wi-Fi can help you with your workload. A range extender can cover your entire house or apartment, you do not have to sit in a particular corner to get the best service.    15. Portable phone charger  Student hours are long and tiring. You may not always have a battery on your phone or a plug to charge it quickly. That’s when a portable charger comes in handy, you can charge your phone while traveling, during class, or in a car.   It is a must-buy gadget for students and working professionals.   Start a Goal for these Gadgets! Conclusion Choosing the correct devices to make your student's life easier should not be a taxing chore. Make sure to devote time to saving up beforehand for each investment. Having funds dedicated to such purchases and knowing what you should purchase can make your student's life not only easier but also fulfilling. FAQs Which gadget is best for students? Here are some gadgets for students that make their lives easier: Smartphone or Tablet Laptop or PC External Hard drive Noise Cancellation Headphones Printer Electric Kettle & Emergency Lamp Kindle External Batteries & Portable Chargers Rocketbook Everlast smart reusable notebook Anti-theft laptop bag External hard drive Laptop tray with fans Folding Bluetooth keyboard Wi-Fi range extender Portable phone charger Why are gadgets useful for students? Gadgets serve many purposes; they make our lives easier, help us stay connected with the world, and make significant life decisions. From helping with homework to traveling the world, gadgets are useful, for students for education, learning, and life experiences. What are some fun gadgets? Here are some fun gadgets for students: FitbitSmartphone or TabletLaptop or PCNoise Cancellation Headphones

Education loans have emerged as a much-needed motivation for students who want to pursue higher studies but are constrained by financial issues. Even students who could afford their higher education on their own now opt to take out student loans. This is because an education loan may enable you to maintain your own funds for unforeseen expenses, as well as enable you to receive tax benefits and raise your CIBIL score. Also Read: Tips to Get Education Loans for Abroad Studies What is the moratorium period for an education loan? The duration of a borrower's exemption from loan repayment is known as the moratorium period. Loans taken out for education are subject to this repayment holiday. All government bank education loan programs are required by the Reserve Bank of India to provide a moratorium or grace period on loan repayment. Like other loans, an education loan has an interest rate attached to it. This interest starts to accrue the first month after the student loan is approved. However, government banks are required to grant borrowers of education loans a repayment holiday. This indicates that during the designated moratorium time, students are not required to pay back the interest. It should be kept in mind that during this time, the interest is not waived but simply deferred. When loan repayment begins, students will have to pay this accrued interest (split equally). Despite the fact that each bank has its own terms and conditions, most financial institutions offer a moratorium period of one year after the completion of the program. https://www.youtube.com/watch?v=fufyFB9aMQI&t=1s How do the grace period and moratorium period differ? A grace period and a moratorium period are frequently confused in the market. It is critical to understand that a grace period is a predetermined period after payment is past due during which, the payment may be made without incurring a penalty. On the other hand, a borrower is not required to make payments during a moratorium period. Also Read: Is Collateral Compulsory for Education Loans? What are the benefits of an education loan moratorium period? Let's examine some of the benefits of the repayment holiday. With an education loan, the student will have less financial stress while they are studying. The student can focus on their academics without having to worry about money during this grace period because the bank does not impose any penalties for non-repayment. After completing the program, individuals can focus all of their efforts on finding a career that suits them within a year of graduation without having to worry about debt payback for a year. Throughout this time without repayment, the student's credit score is unaffected. During the moratorium period, the parents, who are typically co-borrowers of student loans, are not required to make any repayments. Also Read: Common mistakes when taking an education loan Is there a downside to the moratorium period? The moratorium term on student loans, like every coin, has both advantages and disadvantages. As was previously noted, the interest is delayed rather than waived during this time. As a result, it basically accumulates and the student is then required to pay it back. Due to the absence of payments during this period, the loan duration may somewhat lengthen. Some financial institutions impose simple interest throughout the study period and compound interest during the moratorium period, which raises the overall amount of interest that has accrued. Despite its many benefits, the most straightforward approach to get around the moratorium periods’ drawbacks is to begin payments as soon as you can. Perhaps, even while you're still in school with the help of a part-time job. https://www.youtube.com/watch?v=TNVvKy460dQ What is the moratorium period for the various Indian banks? Lenders have different moratorium periods. On the basis of the different types of lenders, we may broadly divide this period. The moratorium of various lenders is as follows: Public-sector Banks: Government banks often have a moratorium period of the course period plus six months. During this moratorium, there are no payments that students are required to make. Private-sector Banks: In private banks, the moratorium term is often the course period plus 12 months. However, throughout this moratorium time, the borrower must pay a certain sum of simple interest. After the moratorium period, installments beginning with a portion of the principal amount will be made. NBFCs: Typically, an NBFC's moratorium period is equal to the course period plus an additional 12 months. However, during this moratorium time, the borrower must pay a simple interest sum or some partial interest (determined and disclosed throughout the loan process). After the moratorium period, installments that include some of the principal amounts begin. https://www.youtube.com/shorts/uPGJr3BiXpI Conclusion A moratorium period is a great way to reduce the pressure of repayment on a student while studying. It's crucial to remember that this time period does not come with interest. As a result, the interest charged on the remaining balance of an education loan will be lower the earlier a student begins loan repayment. If there is any confusion regarding these financial issues or if any information or guidance is required, our team of financial advisors is constantly available for you. FAQs How many months is the moratorium period? It is usually 6 months to one year, depending on the candidate's profile and the bank's moratorium criteria. Is moratorium period good or bad? The moratorium period is a period of relief for the student and their parents. It allows them to figure out a way to repay the loan and gives the student enough time to become an earning member of the society. This period is not interest free so it is recommended that the student starts making some repayments towards their interest so that they are not burdened when the moratorium period ends. Is interest paid during moratorium period? Yes, interest is charged during moratorium period and the student can repay it as well. However, they are not obligated to pay interest during this period. Can I pay my education loan during the moratorium period? You can pay interest on your education loan during the moratorium period. Consult an expert advisor to get the right plan TALK TO AN EXPERT

Planning for college abroad can be exciting, but navigating the financial aspects can be daunting. One crucial term you'll encounter is the cost of attendance. This term refers to the entire cost of studying at a university; it includes tuition, living expenses, books, food, accommodation and other necessary costs that a student may encounter while at college. Let's do a deep dive and understand what the cost of attendance is, what it includes and how the cost of attendance is calculated. https://www.youtube.com/watch?v=-OQXP2yMDpc&t=15s What is the Cost of Attendance? The COA is the estimated total cost of attending a college or university for one academic year. It considers tuition fees as well as living expenses like accommodation, food, books, and miscellaneous costs. Think of it as a college's budget blueprint for a typical student. Use the College Cost Calculator to Find Out the Cost of Attendance for Any University! What's included in the Cost of Attendance? The core components of the cost of attendance are similar across countries, but there might be slight variations. Here's a breakdown: Direct Costs: These are fees paid directly to the institution. They include: Tuition and fees: This is the core academic cost, varying significantly based on the program and college. Housing: On-campus residence halls or dorms come with a fixed fee. Meal Plans: Many colleges offer meal plans for on-campus dining, with varying costs depending on the meal frequency. Indirect Costs: These are estimated expenses for student needs beyond the college. They include: Books and Supplies: Textbooks, notebooks, and course-specific materials. Transportation: Commuting costs (buses, passes) or personal vehicle expenses (fuel, insurance). Personal Expenses: Laundry, toiletries, phone plans, entertainment, etc. https://www.youtube.com/shorts/Dhe2ezcmKJw Example of US University and its Cost of Attendance Let's consider New York University (NYU) amongst USA universities. Their undergraduate COA for the 2023-2024 academic year is around $83,280. This includes: Direct Costs: Tuition and fees: $58,328 Room and board (on-campus): $24,952 Indirect Costs: Books and supplies: $1,800 Transportation: $1,200 Personal expenses: $7,000 (estimated) https://www.youtube.com/shorts/RtYVjahqGuk Example of UK University and its Cost of Attendance The UK system has tuition fees set by the government, with some variation between UK universities. For instance, University College London (UCL) estimates a COA of £29,000 (approx. ₹33.8 lakh) for international undergraduates in 2023-2024. This includes: Tuition fees: Around £19,000 (approx. ₹22.3 lakh) Living expenses: This can vary depending on location and lifestyle, but UCL estimates around £10,000 (approx. ₹11.7 lakh) for accommodation, food, and other costs. Read on: Study in UK under ₹20 lakhs yearly! Example of Canadian University and its Cost of Attendance Universities in Canada generally have lower tuition fees compared to the US. The University of Toronto estimates a COA of CA$30,000 (approx. ₹1.7 lakh) for international undergraduates in 2023-2024. This includes: Tuition fees: Around CA$20,000-25,000 (approx. ₹1.15-1.45 lakh) depending on the program. Living expenses: Around CA$10,000 (approx. ₹58,000) for accommodation, food, and other costs. https://www.youtube.com/shorts/nyV0rwJu-7c Key Differences to Consider Government Support: The US has minimal government support for undergraduate education, leading to higher tuition fees. The UK and Canada have a mix of government funding and tuition fees, resulting in a generally lower COA. Living Expenses: The cost of living in major cities like New York can significantly inflate the US COA compared to smaller towns in Canada or the UK. Consult an Expert FAQs Is the COA negotiable?  Generally not. However, some colleges might offer merit-based scholarships or need-based financial aid that can reduce your overall cost. Can the actual cost be different from the COA? Yes. Your spending habits can affect indirect costs. You might find cheaper housing options or save on transportation. How do I find the COA for a specific college?  Most colleges prominently display the COA on their website's financial aid section. Is studying abroad always more expensive than in India?  Not necessarily. The COA can vary depending on the college, program, and lifestyle choices. Does the cost of attendance change every year? Yes, cost of attendance increases every year as the cost of studying rises. Due to inflation and high demand for universities across the world, the cost of attendance for most universities goes up by 3-4% annually. How do you calculate the total cost of attendance? The cost of attendance is a sum of all your education expenses at an university/college. It includes tuition fees, living expenses, books, transportation and other activities a student may be required to undertake. The best way to calculate is to use the EduFund College Cost Calculator. You can find out the average cost of attendance for any university and compare it with other universities to make the right choice!

Inflation is one of the root causes of price hikes in the education sector. The essential needs of students like uniforms, textbooks, tuition fees, school shoes, and transportation costs have become so expensive that it is slowly becoming impossible for a common man to afford his child’s education.  “How does inflation affect education?” is one of the common queries of every household all over the world. Although education is considered a child’s right, in reality, it is a luxury not all can afford. Currently, the education inflation is at 10 – 12 percent and parents are finding it impossible to meet the growing fee structure and associated educational costs. The above-normal rate makes it difficult for parents to educate their children at primary, secondary, and especially higher levels. How does inflation affect education? The impact of inflation on education can be understood with the help of the following parameters- 1. Daily essentials Students have a limited budget, most of which, is spent on daily essentials like food, personal care, drinks, travel expenses, etc. When a major chunk of money is already spent on essentials, it becomes difficult for them to meet education expenses, which are already skyrocketing.  The reason why education inflation is rising in India Read More 2. Housing expenses Do you think only daily essentials are major expenses? Think again. Housing cost in every city is equally expensive. Students try to find the cheapest hostel or guest house where they can live as paying guests but the costs keep on adding to the total budget. Inflation affects education as the priority of common people is to meet housing costs instead of educational expenses. 3. Health expenses in order to live frugally and manage their expenses, many times, students do not have the money to eat three balanced meals, daily. In the majority of cases, a hostel or PG Life does not provide good quality food and this harms their health. Thus, inflation increases health expenses and makes it difficult for students to meet their education costs easily. Factors responsible for Education Inflation? Read More 4. Standard of living Inflation is dangerous as it directly impacts the standard of living.  The rise in the prices of goods decreases the purchasing power of the people. Something that cost 100 rupees a few months ago now costs 180 or 200 rs. This rise in price causes fewer goods and services to be purchased. In such circumstances, the purchasing power gradually decreases, the value of goods increases, and ultimately the real value of the currency is at a loss. Inflation thus decreases the standard of living, and parents belonging to lower and middle-income groups become unable to bear the cost of educating their children as the monthly allowance that they pay to their kids doesn’t make up for the price hikes. 5. Tuition fees Private colleges charge inflated fees as they promise education, as well as, placement in good companies. The tuition fees at such places are too high for an ordinary person and this is why it is believed that only rich people can afford to find entry into engineering, medicine, or another high-profile degree-course college. But, this is not the case. Especially, if you have planned well for your child’s education in advance. The EduFund App helps you calculate the cost of your child’s education, plan, and then save for it, that too with the help of saving experts. 6. Price of textbooks  Students need textbooks to study but their prices keep on increasing year after year. The publishers blame the paper producers, who in turn, blame the increasing input costs for the price hike. The impact of high textbook prices is harming the education industry as there is a gradual drop in the net enrolment rate (NER).  It is still affordable in India to some extent, especially for non-professional courses. However, if you are planning to send your child to a foreign country like the US, the books alone may charge you way over Rs 10 lakhs! Does Education Inflation impact Student Loan interest rates? READ MORE 7. Educational budgets Inflation has a direct impact on education budgets and the salaries of school employees as authorities have to make cuts on various expenses. The need for higher income encourages teachers and other support staff to look for temporary high-paying alternatives. This step ultimately harms the quality of education, more often than not in govt. schools.   8. Inefficient education savings In India, it is very common for parents to save for their child’s education through FDs (Fixed Deposits). Although this is a safe option, the return rates on FDs usually cannot keep up with the rate of education. As a result, they eventually fail to help finance your child’s education.  9. Education loans Children who want to pursue higher degree courses have to take educational loans. Inflation makes it difficult to repay these loans at the earliest opportunity. Join our robust WhatsApp Community that helps parents invest! Consider the educational loans on the EduFund App because it is available at low-interest rates and there are no hidden charges to hurt your pockets further.  FAQs How does inflation impact education? Inflation's impact on education is profound. The CPI is currently at 5.4 percent for 2023-2024, education inflation is at 10 percent. This means that the cost of education expenses is rapidly increasing and at a faster pace than CPI in the economy. What is the meaning of education inflation? Education inflation in India refers to the rising cost of education, including tuition fees, related expenses, and the overall financial burden on individuals and families seeking education. This concept is similar to the more general term "inflation," which refers to the increase in the prices of goods and services over time. In the context of education in India, the term "education inflation" is often used to describe the trend of rapidly increasing costs associated with obtaining quality education, from primary school to higher education. How can we keep up with the rising education costs? The best way to keep up with rising education costs is to start investing early on. If you are planning a family and then investing in your child;'s school and college expenses should be on the top of your list. You can start with a SIP in a good mutual fund and update your investments every year to beat high college fees. Another option is to consider US investments like stocks and ETFs. Conclusion Inflation is a global phenomenon, the impact of which, can be seen at every stage in a student’s life - from primary to higher education. The burning issue of inflation hinders the growth of children as fewer parents can afford to send their children to schools, colleges, or universities.  By this time, you have understood how inflation affects education, but the primary concern remains - how can parents still defy inflation and save for their child’s education? The experts associated with the EduFund App provide ample help in building a portfolio for your child’s education fund. It will consider the rising inflation and then chalk out a plan accordingly.

The cost of education rises by a larger margin than what the government data tells you. And what makes inflation in the education sector in India worse are the innumerable hidden charges. These hidden charges can push the education budget up for parents. Rising inflation in the education sector can have severe repercussions for those on the lower end of the economic spectrum.  The education inflation rate in India was 3.34 percent in September 2021. However, it has increased to 5.68 percent in the corresponding month of 2022. And with pandemic waves ebbing, there are chances that the education inflation rate will increase steadily. Education inflation poses great risks to every parent and student. It can disrupt the dreams of a  bright future for your child.  And if you are a financially unprepared parent, the risks of education inflation can be more serious for you. Want to learn more about studying abroad? Join our WhatsApp Community! Impact of education inflation on hidden costs of education  1. Increasing tuition fees in educational institutes Tuition fees in Indian colleges and schools have seen an enormous rise over the last few years. Do you know that inflation in the education sector of India is one of the major reasons why many students drop out of college midway? It is becoming increasingly obvious that the education sector in India needs proper planning. Many middle-class families usually struggle to meet ends after enrolling their children in higher education institutes. Guide to Education Inflation Read More 2. Transportation is becoming expensive  With the drastic increase in fuel prices, the cost of transportation is worrying students. Nowadays, a majority of students travel to school by bus. The rising transportation cost is a hidden cost in education inflation.  Unless parents become aware of the transportation costs, it can severely affect them, financially. Apart from fuel-driven vehicles, the overall fares of trains and subway metros have witnessed a rapid surge. Note that this rise in fares is here to stay. Hence, planning your finances properly is the best way to manage your child’s education.  The reason why education inflation is rising in India Read More 3. School uniforms are becoming expensive  For the parents of school-going children, it’s these simple things that are making them anxious. Uniforms are an integral part of schools. Furthermore, many schools have strict regulations on how their students will wear uniforms.  And almost every year, you have to replace the school uniforms, which include shoes, socks, and other accessories.   It is also important to mention the rising cost of school supplies like bags and notebooks. School supplies are not a one-time investment. You have to buy them every year which makes the situation complicated. https://www.youtube.com/shorts/jjXF-KC9iWI 4. A surge in the cost of books  Nowadays, most schools and educational institutes have fixed rules for buying books from them only. But, even if you purchase books from outside, you’ll have to pay more compared to earlier times.  The failure of the authorities to control the prices of the books depicts the sordid state of affairs. Like school supplies, you have to procure books for your child every year while they are in school. https://www.youtube.com/shorts/xqK0y2VdFR4 5. The rising cost of education in foreign countries  If you envision foreign education for your child, be prepared to spend a huge amount on your child’s entry into the best universities.  The average cost of pursuing a degree in the US rose by 497 percent between 1986 and 2018. Even after the pandemic, most colleges overseas have increased their tuition fees. Note that foreign universities charge additional fees for international students.  Factors responsible for education inflation rate in India Read More 6. The constant rise in the price of flight tickets  Flight tickets are becoming costlier day by day. The Oil Marketing Companies, also abbreviated as OMCs, have raised ATF (Aviation Turbine Fuel) prices by 16.3 percent in all major cities of India. This latest hike in ATF prices along with the depreciation of the rupee has made airliners increase their fares. 7. Student visas cost more than you may think Nowadays, student visas cost more than you can imagine. There are various categories of student visas and you should be aware of each of them to make it easy for your child 8. Living expenses With the rise in the prices of essential commodities worldwide, living expenses are touching record figures. The impact of education inflation on hidden costs of education can be ascertained with the rise in living expenses.  If you are sending your child abroad, it is crucial to be prepared financially. This is because living expenses abroad can severely affect your child’s educational prospects.   Unfortunately, inflation in the education sector of India is here to stay. Unless you prepare sensibly and start saving, you may have to compromise on the quality of education. You can avoid financial stress by saving and investing early. Investing in mutual funds and other financial instruments is the most ideal way to counter education inflation. How to beat education inflation? https://www.youtube.com/shorts/jPHG8h87Dzo YouTube: EduFund Join our robust WhatsApp Community that helps parents invest! FAQs How does inflation affect students? Inflation affects all costs and services. Whether it's the price of lemons or education, inflation is the reason for an increase in the prices of goods and services. It affects students just like any other customer by increasing the cost of education, tuition fees, transport, living expenses, books, research facilities, etc. What is the cost of education in India? The average person ends up spending as much as Rs 36 lakh - Rs 38 lakh raising a child from birth to 21 years of age. A bulk of this cost goes towards education in India. What is inflation in the education sector of India? Inflation affects education by increasing the cost of studying overall and its hidden costs like buying books, living expenses for international students, uniforms, transportation, entrance exam fees, etc. What causes education inflation in India? There are several reasons that cause education inflation, such as government funding cuts, higher cost of living, tuition fees, administration costs, security, modern school infrastructure, and technological advancements. What is the rate of inflation in the education sector of India? The education inflation rate in India was 3.34 percent in September 2021. However, it has increased to 5.68 percent in the corresponding month of 2022. Why are tuition fees rising? The average cost of pursuing a degree in the US rose by 497 percent between 1986 and 2018. Tuition fees are rising due to high inflation, a growing demand for foreign education as well as a lack of governmental intervention, and presence of private bodies in the education sector.