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Why do international students pay more tuition?

Why do international students pay more tuition?

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

Guide to calculating education costs for parents

Parents want the best for their children, especially a good education. The rising inflation rate makes it difficult for parents to determine the amount they need to save for their child’s education. Understanding the actual education costs with the help of a college cost calculator is important so that parents can become aware of the potential expenses. It surely becomes easy to plan, start early investments, and build a future education corpus. Here’s a guide to calculating education costs for parents! This blog will help parents to get an estimate of future expenses and plan accordingly.  What is an education cost calculator? An education cost calculator is a tool that helps the user to know about future education expenses effectively. It is easy to use and gives the best estimates so that parents can make necessary changes in their plans to suit their requirements.  The education calculator considers future value, inflation, number of years a person has to save and then calculates the amount. The objective of using an education calculator is to make the process easy and smooth. Once the calculator gives out the estimated amount, parents can take the help of financial experts to create a roadmap for achieving financial goals.  What will be the Cost of Education after 20 years? Read More Steps to Calculate Education Costs  Education inflation is at an all-time high, and it has led to a rapid rise in education costs. Parents need to factor in several metrics to get the nearest estimate of potential costs.  1. Calculate the current cost Determine the cost of education based on current market value. Suppose you want to send your child to the UK, then calculate the current amount you need to send your child abroad.  If you want to send your child to a reputed college in your home country, then calculate the total cost needed for that degree course in terms of the current fee structure and associated costs. It is now easy to visit the sites of reputed universities and learn about their fee structure and associated costs to get a general idea of the amount required for studying a specific course.  Parents can take the help of education counselors like the ones at Edufund to calculate the current amount needed for higher studies.  2. Determine the number of years Parents wanting to know about the education costs down the line need to determine how many years they have to save to create an education fund.  Is your child still young, or will they be ready in a few years to join the high school? Suppose the child is now 6 years old and they will need the money for higher education when they are 17 years old. The parents then have a maximum of 17 – 6 = 11 years in hand.  How many years approximately a parent has is important as the number of years affects the amount you can build. If a parent has a smaller number of years, then he needs to save a higher amount which might prove difficult for a middle-class family.  3. Consider the rate of inflation The amount you have calculated based on the current scenario will not be feasible down the line. Suppose your child enters college after ten years then the amount needed at that time will not be the same. You can consider the overall inflation rate or use available breakdowns.  It is vital to factor in the inflation rate to determine the costs that will go up in the future for correct estimates.  Factors responsible for Education Inflation in India? Read More 4. Consider the expected investment return Be realistic while determining the expected investment returns. Remember, when you have a clearer picture, it becomes easy to take the necessary steps that will take you closer to your desired goals.   5. Consider the education calculator Parents should consider an education calculator to give them the nearest evaluation of the amount parents should save to meet future education costs. The use of an education calculator will ultimately prove beneficial in making effective plans for the future. Once the parents have all the necessary information, then simply key in the details as per the instructions. The education calculator is an important guide to calculating education costs for parents as it will provide the probable future education cost and the monthly savings that need to be undertaken to build that amount.  Edufund’s college cost calculator is a comprehensive education calculator that can calculate the potential education expenses and give the nearest amount needed to meet your child’s education costs. It will also provide the parents with an estimate of the monthly savings that need to be undertaken to achieve goals. Join our robust WhatsApp Community that helps parents invest! Conclusion The guide to calculating education costs for parents gives easy access to the required know-how and helps in making informed decisions. An education calculator like the one at Edufund helps to meet the educational needs of a child successfully. It is a blessing in disguise because besides providing estimates and extensive information, it helps to save the cost estimates and alter them to suit individual needs.
Affordable Australia Universities

Affordable Australia Universities

Australia is one of the top destinations for Indian students who wish to study abroad. Its culture, universities, language, and student policies have allowed Indians to settle there and build careers. Fun Fact: In order to study in Australia, students must have $24,505 (₹13 lakhs) in savings to apply for a student visa. This tells us that studying in Australia is not cheap, but by planning, budgeting and finding the most affordable universities in Australia, you can make your dreams a reality. However, the costs of pursuing higher education in Australia can be a major concern and barrier for many students. Let's utilize this blog and discuss the process, exams, universities, and living costs that every student should know about before planning to go abroad! https://www.youtube.com/watch?v=MwQWKYxxJ8o https://www.youtube.com/watch?v=AbYbP-HKAd8 Source: EduFund Top 10 Cheapest Universities in Australia 1. University of the Sunshine Coast Located in Queensland, the University of the Sunshine Coast is renowned for its affordable education and commitment to providing high-quality facilities. The university places a strong emphasis on practical learning and industry engagement. They offer a diverse range of undergraduate and postgraduate programs in fields like business, science, education, and health. The annual tuition fee for international students is approximately A$22,000, making it one of the most affordable options available. Moreover, the cost of living in this area is lower than in other Australian cities, further easing the financial burden on students. 2. Charles Sturt University Situated in New South Wales, Charles Sturt University is celebrated for its exceptional teaching and research facilities. With a strong focus on industry-relevant programs and practical learning experiences, the university offers a wide array of undergraduate and postgraduate programs, including business, education, and health-related disciplines. The annual tuition fee for international students is around A$24,000, making it an attractive and affordable choice for higher education. Additionally, the cost of living in this region is relatively low, providing students with a conducive and affordable living environment. Bachelors in Australia Read More 3. Federation University Australia Nestled in Victoria, Federation University Australia stands out as one of the most affordable universities in the country. The university is committed to providing quality education and offers a range of undergraduate and postgraduate programs in various fields, including business, science, education, and health. With an annual tuition fee of approximately A$25,000, international students can pursue their academic goals without breaking the bank. Moreover, the cost of living in this region is relatively affordable, making it an attractive choice for budget-conscious students. 4. Southern Cross University Situated in New South Wales, Southern Cross University is known for its excellent teaching and research facilities. The university prides itself on fostering a supportive and inclusive learning environment for its diverse student population. Offering a range of undergraduate and postgraduate programs in fields such as business, education, and health, the university provides an affordable avenue for international students to pursue higher education. With an annual tuition fee of around A$26,000, students can access quality education without incurring excessive financial burdens. Additionally, the cost of living in this region is relatively low compared to other cities, ensuring students can manage their expenses effectively. How to Finance a Child's Australian Dream? Read More 5. Victoria University Based in Melbourne, Victoria University is recognized as one of the cheapest universities in Australia for international students. The university offers a wide range of undergraduate and postgraduate programs across various disciplines, including business, science, education, and health. With a focus on industry connections and practical learning experiences, Victoria University provides students with valuable skills and knowledge for their future careers. The annual tuition fee for international students is around A$28,000, making it an affordable option. Furthermore, the cost of living in Melbourne, while higher than in some other cities, can be managed with careful budgeting. https://www.youtube.com/watch?v=Ew2MC3RCo68 6. Torrens University Situated in Adelaide, Torrens University is renowned for its excellent teaching and research facilities. The university offers a diverse range of undergraduate and postgraduate programs in fields such as business, education, and health. With a commitment to providing industry-relevant education, Torrens University equips students with the skills and knowledge necessary to thrive in their chosen careers. The annual tuition fee for international students is around A$29,000, making it an affordable option for pursuing higher education in Australia. Additionally, the cost of living in Adelaide is relatively lower than in other cities, allowing students to allocate their resources effectively. 7. Australian Catholic University Located in Sydney, the Australian Catholic University stands out as one of the cheapest universities in Australia for international students. The university offers a range of undergraduate and postgraduate programs across various fields, including business, science, education, and health. With a focus on holistic education and fostering a strong sense of community, the Australian Catholic University provides an enriching learning experience. The annual tuition fee for international students is approximately A$29,000, offering an affordable pathway to higher education. Although the cost of living in Sydney is higher than in some other cities, students can manage their expenses through careful budgeting and availing of available resources. 8. Charles Darwin University Charles Darwin University, situated in Darwin, offers outstanding education and research facilities. The university provides a diverse range of undergraduate and postgraduate programs in numerous fields, including business, education, and health. With a strong emphasis on practical learning and industry engagement, Charles Darwin University prepares students for successful careers in their respective fields. The tuition fee for international students is around A$30,000 per year, and the cost of living in Darwin is relatively lower compared to other Australian cities, allowing students to stretch their budget effectively. 9. James Cook University Situated in Queensland, James Cook University is known for its affordability and commitment to international students. With a strong focus on research and tropical expertise, the university offers a range of undergraduate and postgraduate programs across various fields, including business, science, education, and health. The annual tuition fee for international students is around A$30,000, making it an attractive option for those seeking affordable education. Moreover, the cost of living in this region is notably lower than in other cities, allowing students to manage their finances efficiently. 10. Western Sydney University Located in Sydney, Western Sydney University is recognized for its excellent teaching and research facilities. The university offers a range of undergraduate and postgraduate programs across various fields, including business, education, and health. With a strong emphasis on practical learning and industry connections, Western Sydney University equips students with valuable skills and knowledge for their future careers. The annual tuition fee for international students is around A$31,000, providing an affordable option for higher education. Furthermore, the cost of living in Western Sydney is relatively affordable, allowing students to make the most of their educational journey without compromising their financial stability. While the expenses of higher education in Australia can be a concern for several students, the universities mentioned above are some of the cheapest options in Australia, providing a wide range of programs across various disciplines. Want to save for your child's Australian Dreams? Start Investing! Affordable Universities in Australia for Undergraduate Programs By considering these options, students can choose affordable universities without compromising the quality of their education. Here are some Australian universities known for being easier on the wallet (tuition fees mentioned are yearly estimates in Indian Rupees): University of Southern Queensland (USQ): USQ offers bachelor's degrees starting around ₹3.3 Lakhs and postgraduate programs around ₹3.6 Lakhs. University of the Sunshine Coast: This university boasts bachelor's programs starting at ₹18 Lakhs and Master's programs at around ₹18 Lakhs. Edith Cowan University (ECU): ECU is known for its budget-friendly Master's programs, some starting as low as ₹13.2 Lakhs. Charles Darwin University: Explore the unique landscape of Australia while studying at Charles Darwin, with undergraduate programs starting at ₹19 Lakhs. Charles Sturt University: This university offers a good range of affordable programs, with Bachelor's degrees starting at ₹16.8 Lakhs. Education Loans are only for the RICH! Bust these Myths here! Beyond Tuition Fees: The Cost of Living in Australia While tuition fees are a significant factor, remember to factor in living expenses: Accommodation: On-campus housing or shared apartments are budget-friendly options, ranging from ₹30,000 to ₹50,000 per month. Food: Groceries and eating out can vary depending on your preferences. Expect to spend around ₹20,000 to ₹30,000 per month on food. Transport: Public transport can be expensive in major cities. Consider purchasing a student travel pass for concessions. Budget around ₹8,000 to ₹12,000 per month. Visa and Overseas Health Cover (OHC): Factor in the cost of your student visa application (around ₹14,000) and Overseas Health Cover (mandatory for international students - costs vary depending on the provider). https://www.youtube.com/watch?v=7Y0V6Z0lcJs&t=3s Planning Makes Perfect! Start researching scholarships and financial aid options well in advance to ease the financial burden. Many universities offer merit-based scholarships and work-study programs for international students. Studying in Australia can be an enriching and life-changing experience. With careful planning and these tips on affordable universities, you can turn your dream into reality! Pro Tip: If you are a young parent and you are determined to send your child abroad for higher studies, the best way to afford is to start investing now. A small SIP can help you save lakhs and reduce your child's college expenses by a huge margin! Connect with our experts if you need guidance! https://www.youtube.com/watch?v=BD_LIbnYDFQ FAQs Which university has the lowest fee in Australia? No specific university offers the lowest fees in Australia. However, you can find various courses that charge as low as ₹12 lakhs annually at some universities to study. What are some of the affordable Australian universities for Indian students? University of the Sunshine Coast (A$22,000), Charles Sturt University (A$24,000), Federation University Australia (A$25,000). What's the cost of studying at the University of Sunshine Coast, Australia? The annual tuition fee for international students is approximately A$22,000, making it one of the most affordable options available. Is studying in Australia affordable for international students? Studying in Australia is cheaper than studying in USA or UK. However, its not without its budget constraints. Average fees for courses in Australia range between ₹12 to ₹20 lakhs, and students must have $24,505 (₹13 lakhs) in savings to apply for a student visa.
What is the Cost of Attendance?

What is the Cost of Attendance?

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!
Mastering Costs: Why is Schooling in India Expensive?

Mastering Costs: Why is Schooling in India Expensive?

What is the real cost of schooling in India? Can the average Indian parent afford to send their child to a private school? Did you know more than 91% of Indian parents want their children to have an undergraduate degree, and more than 80% want them to get a master’s degree too? The cost of school fees has been on the rise in the past two decades. Before choosing a particular school for your child, we recommend you get accurate information on the complete expenditure involved. Let’s understand specific crucial parameters involved with a child’s schooling in India. The ideology of parents for their child’s education Parents are earnest about their child’s education in India. They start having high expectations from their children from the day they start schooling. They motivate them to get the best results in class from day one. Furthermore, most parents would risk almost everything for their child’s better education. Start Saving Now For Child Education Cost of education in schools The cost of education varies from one school to the other, whether it is a government or private school. On a usual basis, in tier 1 and tier 2 cities, the tuition fees of private schools are somewhere around Rs 2,500 to Rs 8,000 every month. The total cost paid is not restricted to the tuition fees. Parents have to pay other charges, including maintenance fees, lab and technology fees, fees for books and stationery, transportation fees, and so on. Hence, the amount almost doubles itself. If we take the example of DPS RK Puram, we get to know that they demand Rs 25,200 just for admission. The annual tuition fees are Rs 1,09,200.   The fees also differ from class to class. If your child is in primary, you will have to pay comparatively less considering a high school student. On average, parents have to pay Rs 6,000 for their child in primary school. When the child goes to secondary or senior secondary, this amount rises to Rs 8,000 and Rs 10,000.   With all this data, we can understand the cost of school education in India is quite costly and can be heavy on the pockets of middle-class parents. Families with an income of Rs 3 lakhs or less in a year prefer to send their children to government schools because they cannot afford a private one. A government school requires Rs 20,000 or less per annum for a child to get a school education.  Impact of Education Inflation on Student Loan Interest Rates Read More Why is the cost of school education so high? Since education costs are so high, let’s understand why it is this way. Multiple factors contribute to the rise in the price of education.  1. Lack of Policies  According to a survey, many parents have an opinion that the government lacks proper policies for schools in India. In the absence of these policies, there is no adequate regulation over schools on the criteria of fees. Every child would have received a quality education at a very minimal cost if it had been there.  2. The ratio of students and teachers  If you try to analyze the ratio of students to teachers, you will realize that it is pretty high. Quite a few times, teachers are not adequately trained, which affects the students’ quality of education. But this is not true in all cases. Most private schools have a proper selection procedure for selecting the teachers, so students receive the best education possible.  3. Infrastructure  Infrastructure is the next important factor contributing to the increase in the total fees. The administration plans to build a space that provides overall progress for a student. They want to give the best facilities for a student’s education, including computer labs, auditoriums, intelligent classes, games room, etc. All of these also require maintenance, which the students charge. Most Expensive Schools in India for Child Education Read More Which is better in terms of education? Private schools or government schools? If you compare the quality of education in private and government schools, you will realize that private schools have better teachers with proper degrees and knowledge. Also, the private school has better infrastructure and facilities, which helps students' overall growth. On the contrary, they demand fees that are pretty high and sometimes unaffordable for all parents.   Private Colleges vs Government Colleges Read More Government schools of India need more experienced teachers who can provide quality education to students. Most of the time, the buildings of government schools are pretty old and are not maintained properly. On the other hand, these schools demand a minimal fee, which most people in India easily afford. Hence, it entirely depends on the parents’ priorities and what they want for their children. FAQs What is the cost of schools in India? The cost of education varies from one school to the other, whether it is a government or private school. On a usual basis, in tier 1 and tier 2 cities, the tuition fees of private schools are somewhere around Rs 2,500 to Rs 8,000 every month. If we take the example of DPS RK Puram, we get to know that they demand Rs 25,200 just for admission. The annual tuition fees are Rs 1,09,200. Which is better in terms of education: Private schools or government schools? If you compare the quality of education in private and government schools, you will realize that private schools have better teachers with proper degrees and knowledge. Also, private school has better infrastructure and facilities, which helps students' overall growth. On the contrary, they demand fees that are pretty high and sometimes unaffordable for all parents. Why schools are so costly in India? Schools are costly in India because of privatization and education inflation. Both these factors have made annual school fees unaffordable for many parents. The lack of government capping and regulation in private school management means private schools dictate fee structures and increase them based on their expenses and needs. Parents prefer private schools over public schools because they offer better opportunities and infrastructure.
UK vs Canada: Analyzing Cost of Living & Studying

UK vs Canada: Analyzing Cost of Living & Studying

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

Cracking the Code: Unveiling Bangalore vs Mumbai Living Costs

Introduction When it comes to pursuing a quality education while soaking in the lively city life of India, two prominent options that often stand out are Bangalore and Mumbai. Yet, amidst the excitement of embarking on your academic journey, there's a crucial factor that deserves your attention: the affordability of living in these urban centers. In this detailed comparison, we'll delve into the intricate web of living costs in Bangalore and Mumbai, empowering you to make a well-informed decision that resonates with your financial capacity and personal aspirations. 1. Understanding the Cost of Living In order to unravel the question of affordability in these cities, we are required to observe and go through multiple aspects that come into play. These elements encompass various aspects such as housing expenses, electricity bills, recreation expenditures, grocery outlays, and the relative purchasing power of money. By closely examining these dimensions, we can decipher the intricacies of life in Bangalore versus Mumbai and make a more insightful comparison. 2. Accommodation: The Quest for a Suitable Abode One of the most significant monetary outlays for students revolves around securing suitable accommodation. While both Bangalore and Mumbai offer a wide variety of residential options at different price points, Mumbai tends to take the lead in terms of rental costs. This implies that if you are opting for Mumbai, a more substantial portion of your budget might need to be allocated to housing. However, it's noteworthy that the property purchasing prices in Bangalore might lean towards the higher end in comparison to Mumbai, a factor that might influence long-term investment thoughts. Expensive Schools in Banglore Read More 3. Energy Bills: Navigating the Terrain of Electricity Costs The sphere of electricity bills often exhibits significant disparities across cities, and Mumbai emerges as a city with comparably higher electricity expenses. The high cost of electricity in Mumbai could potentially contribute to an overall uptick in living expenses for students. In contrast, Bangalore steps forth as a potential economic refuge, as it offers relatively lower electricity bills. This unique feature positions Bangalore as a potentially more economically viable choice, especially for those who are seeking a budget-conscious academic journey. 4. Entertainment: Immersing in Cultural Offerings and Their Financial Implications Mumbai's reputation for its dynamic nightlife and vibrant cultural scene adds an enriching layer to the student experience. However, it's imperative to weigh this against the potential for escalated entertainment costs. On the flip side, Bangalore, renowned for its thriving music, arts, and technology ecosystems, mirrors Mumbai's vibrancy, yet with a potentially softer hit on your wallet. This renders Bangalore an attractive option for those inclined towards a more financially prudent approach to embracing cultural and recreational activities. Expensive Schools in Mumbai Read More 5. Groceries: Navigating the Terrain of Grocery Expenses The significance of budgeting for groceries cannot be overstated, especially in a student's life. This is where Bangalore asserts its edge, with grocery expenses tipping the scale slightly lower compared to Mumbai. The marginally lower grocery costs in Bangalore could translate into tangible monthly savings, thereby rendering it a desirable destination for students aspiring to manage their financial resources judiciously. 6. Purchasing Power: Maximising the Value of Your Money The concept of purchasing power essentially gauges the capacity of money to procure goods and services. In this domain, Bangalore emerges triumphant, boasting notably higher purchasing power in comparison to Mumbai. This implies that the same amount of money possesses enhanced potential in Bangalore to secure a wider array of commodities and experiences. The superior purchasing power aligns Bangalore as a city where students can potentially relish a comparatively elevated standard of living without stretching their financial constraints. Conclusion: Navigating the Crossroads In essence, both Bangalore and Mumbai hold a distinct allure for students, underpinned by their unique offerings. However, the cost of living bears immense weight in shaping the final decision. While Mumbai lays claim to higher accommodation expenses, electricity bills, and conceivable entertainment disbursements, Bangalore adeptly counterbalances these factors with lower grocery costs and augmented purchasing power. Nevertheless, the ultimate choice between these two urban hubs hinges upon personal predilections, lifestyle proclivities, and financial realities. Considerations such as your chosen academic path, the depth of cultural immersion desired, and the viable budget envelope warrant meticulous thought. Embarking on your educational voyage in either Bangalore or Mumbai is poised to be transformative, and an astute analysis of living costs arms you with the discernment to extract the maximum value from your student experience. Prioritize prudent financial planning, explore the gamut of accommodation alternatives, and seamlessly integrate into the myriad offerings of either metropolis. Both Bangalore and Mumbai stand as repositories of distinctive experiences, and your student tenure is destined to be colored by these unique facets. Armed with a comprehensive understanding of living expenses, you stand poised to embark on a thrilling sojourn across the urban landscapes of India. Talk To An Expert
10 Reasons Why You Should Study in the USA

10 Reasons Why You Should Study in the USA

The USA has emerged as a top destination for ambitious students, and for good reason! This blog explores ten compelling reasons why studying in the USA can be a transformative journey, opening doors to academic excellence, personal growth, and a bright future. 1. World-Class Education: The USA boasts some of the world's most prestigious universities, renowned for their exceptional faculty and rigorous academics. You'll find innovative programs designed to challenge and inspire across diverse disciplines, from engineering and medicine to humanities and business. Many universities prioritize cutting-edge research, offering students the opportunity to learn alongside leading minds in their fields. 2. Globally Recognized Degrees: A US degree is a passport to success. Recognized and respected by employers worldwide, a US education equips you with valuable knowledge and skills that will set you apart in the global job market. Whether you seek a career in India or internationally, a US degree opens doors to exciting opportunities. 3. Flexible Education System: Unlike rigid educational structures, US universities offer a refreshing level of flexibility. The credit system allows you to tailor your studies, choosing courses that align with your interests and career goals. This freedom to explore different fields before specializing allows you to discover your true passion. 4. Diverse and Inclusive Environment: US campuses are a melting pot of cultures, fostering a vibrant and inclusive learning environment. You'll have the opportunity to learn alongside international peers, broadening your perspective and developing valuable intercultural communication skills. This diverse environment prepares you to thrive in an increasingly globalized world. 5. Practical Learning Opportunities: US universities go beyond theory, offering a wealth of practical learning experiences. Internships, co-ops, and hands-on projects allow you to apply your knowledge in real-world settings. This practical experience enhances your resume and makes you a more competitive candidate for future jobs. 6. Cutting-Edge Technology and Resources: US universities are at the forefront of technological innovation. State-of-the-art facilities, advanced research labs, and access to cutting-edge software and equipment provide an unparalleled learning environment. Imagine conducting research in world-class facilities and having access to the latest technological advancements in your field! 7. Development of Life Skills: A US education is more than just academics. Universities cultivate essential life skills, fostering independence, critical thinking, and strong communication abilities. You'll learn to manage your time effectively, collaborate with diverse teams, and express yourself confidently. This holistic approach empowers you to succeed not just in academia, but also in your personal and professional life. 8. Vibrant Campus Life: Step beyond the classroom and immerse yourself in the rich tapestry of campus life. US universities offer a vast array of clubs, organizations, events, and activities catering to every interest. From sports and cultural clubs to student government and academic societies, you'll find opportunities to explore your passions, make lifelong friends, and contribute to a dynamic campus culture. 9. Scholarship and Financial Aid Options: Don't let financial concerns hold you back! Many US universities offer scholarships and financial aid programs specifically for international students. EduFund's expert advisors can help you navigate the financial aid process and explore scholarship opportunities to make your dream of studying in the USA a reality. 10. Post-Graduation Prospects: The Optional Practical Training (OPT) program allows international students to gain valuable work experience in the USA after graduation. This practical experience can strengthen your resume and enhance your career prospects. For some students, OPT can even lead to exciting job opportunities in the US after graduation. Wondering about how to finance your US education? Join our WhatsApp Community to know more! Embrace Your American Dream! Studying in the USA is an investment in your future, offering academic excellence, personal growth, and a chance to build a successful career. At EduFund, we're here to support you every step of the way. Contact our advisors today to explore your options and turn your dream of studying in the USA into a reality!
Comprehensive Guide to IIT BTech Fees for a 4-Year Program

Comprehensive Guide to IIT BTech Fees for a 4-Year Program

The Indian Institutes of Technology (IITs) stand as highly sought-after engineering institutions among students. Their global reputation as some of the finest engineering schools is attributed to several factors. Renowned for their challenging academic programs, robust research capabilities, and exceptional faculty, IITs have consistently produced top-tier engineers who embark on successful careers in both industry and academia.  IITs excel in providing unparalleled expertise and securing placements with leading multinational corporations worldwide. Graduates from IITs often find themselves on lucrative career paths.  To qualify for the IIT JEE Advanced exam, candidates must first clear the JEE Mains. Successful performance in JEE Advanced opens the door to admission to IITs. Prospective IIT students frequently express curiosity about the fee structures of these institutions. This article aims to shed light on the fee structures at various IITs across India.  Overview of IIT Fee Structure  The cost of the complete program at IITs generally ranges between Rs 8-10 lakh for students in the general category. For instance, the IIT Delhi fees for the 1st semester is nearly ₹1 lakh for general category. In the last six years, there has been a substantial increase in the yearly fees for general category students pursuing a BTech degree at IITs, escalating from Rs 50,000 annually to Rs 3 lakh.  Find out the best way to invest for your child's higher education! Average Fee Ranger Across IITs  The average fee range for BTech programs varies across different Indian Institutes of Technology (IITs). Generally, for students in the general category, the fees for the entire BTech course typically fall within the range of Rs 8-10 lakh. It's worth noting that specific fee structures may differ among individual IITs, and prospective students are encouraged to refer to the respective institutes' official websites or contact them directly for precise and up-to-date information on fees for BTech programs.  Look at the average fee structure of a few IITs:  Indian Institute of Technology, Madras: Rs.8,25,000  Indian Institute of Technology, Delhi: Rs. 9,00,000  Indian Institute of Technology, Bombay: Rs. 9,67,000  Indian Institute of Technology, Kanpur: Rs. 8,68,000  Indian Institute of Technology, Kharagpur: Rs. 9,50,000  Hostel and Accommodation Costs  The costs associated with hostel accommodation at IITs can vary, and it's essential to consider several factors. Generally, the hostel fees cover accommodation, basic amenities, and certain services. However, specific details might differ between IITs. Here is a broad overview:  1. Accommodation Fees:  Hostel fees typically include the cost of lodging. This covers the room provided to the student for the academic year.  2. Mess Charges:  Many IITs have a mess or canteen facility within the hostel premises. The mess charges cover the cost of food provided to the students. These charges can vary based on the menu, quality of food, and additional services.  3. Utilities and Maintenance:  Some IITs include utility charges, such as electricity, water, and maintenance, within the hostel fees. This ensures that students have access to basic amenities without additional costs.  4. Security Deposit:  IITs may require students to pay a security deposit at the beginning of their stay in the hostel. This deposit is usually refundable at the end of the academic year, contingent upon adherence to hostel rules and regulations.  5. Other Amenities:  Depending on the IIT, there might be additional amenities or services provided in the hostel, such as Wi-Fi, laundry, and recreational facilities. These could contribute to the overall cost.  It's crucial for students to check the specific details and breakdown of hostel fees at the respective IIT they are interested in. Fee structures can be subject to change, so it's recommended to refer to the official IIT website or contact the institute directly for the most accurate and up-to-date information.  Detailed Fee Breakdown by IIT College BTech fee per Semester  Hostel fee per semester  Total fee for general OBC candidates Total fee for SC/ST/PH candidates IIT Bombay Rs. 1,19,750 Rs. 13,000 Rs. 9,50,000 Rs. 1,36,000 IIT Bhubaneswar Rs. 1,07,800 Rs. 19,300 Rs. 10,00,000 Rs. 2,17,000 IIT Hyderabad Rs. 1.19,000 Rs. 28,000 Rs. 9,00,000 Rs. 2.99,000 IIT Kanpur Rs. 1,12,142 Rs. 12,175 Rs.8,50,000 Rs. 1,84,536 IIT Madras Rs. 1,12,633 Rs. 23,750 Rs.8,00,000 Rs. 3,00,000  Understanding the Components of IIT Fee Structure  The fee structure at Indian Institutes of Technology (IITs) typically consists of various components that contribute to the overall cost of education and campus facilities. While specific details may vary among IITs, here are common components found in the fee structure:  1. Tuition Fees:  This is the core component covering the academic expenses, including the cost of faculty, infrastructure, and educational resources.  2. Hostel Fees:  Charges for accommodation in the hostel, including room rent, maintenance, and utilities like water and electricity.  3. Mess Charges:  Costs associated with the hostel mess or canteen facility, covering food expenses for the students.  4. Security Deposit:  A refundable deposit paid at the beginning of the academic year, usually returned at the end, subject to adherence to hostel rules and regulations.  5. Other Amenities Fees:  Charges for additional facilities and services provided by the institute, such as Wi-Fi, laundry, recreational facilities, and other campus amenities.  6. Examination Fees:  Fees related to the conduct of examinations, including the cost of exam papers, evaluation, and administrative processes.  7. Library Fees:  Charges for access to the institute's library, covering the cost of books, journals, and other academic resources.  8. Medical Insurance:  Some IITs include health insurance fees to provide medical coverage for students during their time on campus.  9. Gymkhana Fees:  Fees associated with the student activity center, which may include sports facilities, clubs, and cultural events.  10. Development Fees:  Contributions towards the development and maintenance of the institute's infrastructure and facilities.  It's important to note that fee structures can change, and there may be variations among different IITs. Additionally, certain categories of students, such as those from economically disadvantaged backgrounds, may be eligible for fee waivers or scholarships. Prospective students should refer to the official website of the specific IIT they are interested in for the most accurate and up-to-date information on the fee structure.  Tuition Fee and Other Academic Charges  Tuition fees and other academic charges constitute a significant portion of the overall cost of education at Indian Institutes of Technology (IITs). Here's an overview of these components:  1. Tuition Fees:  The primary component of academic charges is the tuition fee. This fee covers the cost of academic instruction, faculty salaries, infrastructure, and other educational resources. Tuition fees can vary for different programs and may be different for Indian and international students. They are typically charged on a per-semester or per-year basis.  2. Examination Fees:  These fees cover the costs associated with conducting examinations. This includes the preparation, printing, and distribution of examination papers, as well as the expenses related to evaluation, result processing, and administrative tasks.  3. Library Fees:  Charges associated with access to the institute's library. This fee supports the acquisition of books, journals, and electronic resources, and the maintenance of library facilities.  4. Laboratory Fees:  Some technical and science-based programs may have laboratory fees to cover the costs of maintaining and equipping laboratories with necessary instruments and materials.  5. Project Work Fees:  For certain programs, particularly those involving extensive project work, students may incur additional charges related to project materials, mentorship, and project evaluation.  6. Academic Deposits:  Refundable deposits may be collected to ensure the proper use of academic resources, such as laboratory equipment, library books, or other materials. These deposits are typically returned to students upon completion of their program.  It's crucial for students to carefully review the fee structure provided by the specific IIT they are interested in, as the details can vary between institutes and academic programs. Additionally, some IITs may offer financial aid, scholarships, or fee waivers to deserving students, so it's advisable to inquire about such opportunities during the admission process. For the most accurate and up-to-date information, students should refer to the official website of the respective IIT or contact the institute directly.  Additional Fees for Specific Courses  The fee structure for specialized BTech courses at Indian Institutes of Technology (IITs) can vary, and additional fees may be associated with certain specialized programs. The specifics of additional fees depend on the nature of the course and the resources required. Here are some potential examples:  1. Field-Specific Materials/Equipment Fee:  Specialized BTech courses, especially those in fields such as robotics, nanotechnology, or aerospace engineering, may have an additional fee to cover the cost of materials or equipment specific to that field.  2. Software and Technology Fee:  Programs that heavily rely on specific software tools or advanced technologies may impose an additional fee to cover the licensing or maintenance costs associated with these tools.  3. Industry Internship Fees:  If a course includes a mandatory industry internship or practical training component, there might be an additional fee to facilitate and support students during their internships.  4. Study Abroad Program Fees:  Some IITs offer BTech courses that include study abroad programs or collaborations with international universities. Students participating in such programs may incur additional fees related to travel, accommodation, or program-specific costs.  5. Special Workshops or Seminars Fee:  Certain specialized courses may involve hosting special workshops, seminars, or guest lectures by industry experts. An additional fee may be charged to cover the expenses associated with organizing these events.  6. Field Trips and Excursions Fee:  Programs that involve field trips, excursions, or industry visits may require an extra fee to cover transportation, accommodation, and other related costs.  It's important for students interested in specialized BTech courses to carefully review the detailed fee structure provided by the respective IIT offering the program. The institute's official website and admission office are valuable sources for accurate and up-to-date information regarding the specific fees associated with specialized courses. Additionally, students may inquire about any available scholarships or financial aid options that could help offset these costs. Fee Waivers and Financial Support  Indian Institutes of Technology (IITs) often provide fee waivers and financial support options to ensure that deserving students have access to quality education. While the specifics can vary among institutes, here are common avenues for fee waivers and financial assistance:  1. Merit-Based Scholarships:  IITs may offer merit-based scholarships to students who demonstrate exceptional academic performance. These scholarships can cover a portion or the entirety of tuition fees.  2. Economically Weaker Section (EWS) Quota:  Some IITs allocate a percentage of seats for students from economically weaker sections. These students may be eligible for fee waivers or reduced fees.  3. Freeships:  Freeships are grants or scholarships that cover tuition fees. They are often awarded based on financial need and academic merit.  4. Teaching Assistantships (TA):  Postgraduate students, and in some cases, exceptionally qualified undergraduate students, may have the opportunity to work as teaching assistants. In exchange, they may receive fee waivers or stipends.  5. Research Assistantships (RA):  Students involved in research projects may receive financial support through research assistantships, which can include fee waivers and stipends.  6. National Scholarships:  Students may be eligible for national-level scholarships, such as those provided by government agencies, foundations, or corporate entities. These scholarships can contribute to covering educational expenses.  7. Government Schemes:  Various government schemes aim to provide financial assistance to students pursuing higher education. IITs may facilitate the application process for these schemes.  8. Special Assistance for SC/ST Students:  Scheduled Caste (SC) and Scheduled Tribe (ST) students may receive special assistance, including fee waivers and additional support, to promote inclusivity and diversity.  9. Financial Aid for Persons with Disabilities:  IITs often have provisions for financial aid and support services for students with disabilities, including fee waivers or assistance in accessing necessary accommodations.  It's essential for students to check the specific fee waiver and financial support policies of the IIT they are interested in. The institute's official website, admission office, or financial aid office are valuable resources for detailed information and application procedures. Students are encouraged to explore these options during the admission process and inquire about any available assistance that aligns with their circumstances.  Economic Assistance for Meritorious Students  Indian Institutes of Technology (IITs) often have financial aid options in place to support economically backward or financially disadvantaged students. Here are some common financial aid options for meritorious students with economic constraints:  1. Fee Waivers:  IITs may offer partial or full fee waivers for economically backward students. This can include tuition fees, hostel fees, and other academic charges.  2. Merit-Based Scholarships:  Meritorious students with limited financial means may be eligible for merit-based scholarships. These scholarships can be awarded based on academic excellence and may cover a significant portion of educational expenses.  3. Economically Weaker Section (EWS) Quota:  Some IITs reserve a percentage of seats for students from economically weaker sections. Students admitted under this quota may receive fee concessions or additional financial assistance.  4. Freeships:  Freeships are financial grants provided to students based on both academic merit and financial need. They can cover various educational expenses, including tuition fees.  5. Financial Aid from Government Schemes:  Students from economically backward backgrounds may be eligible for financial aid through government scholarship schemes. IITs often collaborate with government initiatives to facilitate the disbursement of financial assistance.  6. Educational Loans:  IITs may assist students in securing educational loans from financial institutions. These loans can help cover tuition fees, hostel charges, and other educational expenses. Some institutions might also have special arrangements for low-interest or collateral-free loans.  7. Work-Study Programs:  In certain cases, economically disadvantaged students may have the opportunity to participate in work-study programs. These programs allow students to work part-time on campus, helping them earn a stipend to support their educational expenses.  8. National Scholarships:  Students can explore national-level scholarships provided by government bodies, private organizations, or corporations. These scholarships may offer financial support to economically backward students pursuing higher education.  9. Special Assistance for SC/ST and OBC Students:  Scheduled Caste (SC), Scheduled Tribe (ST), and Other Backward Class (OBC) students may have access to special assistance programs, including fee waivers and additional financial support.  10. Emergency Financial Aid:  IITs may have provisions for emergency financial aid to assist students facing sudden financial crises. This could include unexpected medical expenses or other urgent needs.  Prospective students are encouraged to check the specific financial aid policies of the IIT they are interested in and inquire about the application procedures. The institute's official website, admission office, or financial aid office can provide detailed information on available options and support services for economically backward students.  Planning Your Finances for BTech  Financial planning is crucial for prospective IIT BTech students to ensure a smooth and sustainable journey through their academic years. Here are some key pieces of advice:  1. Research and Understand Costs:  Thoroughly research and understand the complete cost of education, including tuition fees, hostel charges, mess fees, and other miscellaneous expenses. Consider any potential fee increases over the course of your program.  2. Explore Financial Aid Options:  Investigate the various financial aid options available, such as scholarships, fee waivers, and government schemes. Check the specific eligibility criteria and application processes for each option.  3. Budget Wisely:  Create a realistic budget that covers all aspects of your student life, including accommodation, food, study materials, transportation, and personal expenses. Stick to your budget to manage your finances effectively.  4. Consider Educational Loans:  If needed, explore educational loan options from reputable financial institutions. Compare interest rates, repayment terms, and other conditions before choosing a loan.  5. Participate in Work-Study Programs:  Some IITs offer work-study programs that allow students to work part-time on campus. This can help you earn a stipend to cover some of your expenses while gaining valuable work experience.  6. Save and Invest:  If possible, start saving for your education early. Explore investment options that align with your risk tolerance and financial goals. Consult with a financial advisor if needed.  7. Emergency Fund:  Establish an emergency fund to cover unexpected expenses. Having a financial safety net can provide peace of mind and prevent financial stress in times of need.  8. Plan for Internships and Placements:  Consider the potential earnings from internships and placements. Participating in these programs not only provides valuable industry experience but also helps you financially.  9. Minimize Unnecessary Expenses:  Be mindful of your spending habits and avoid unnecessary expenses. Cut down on non-essential items and prioritize your needs over wants.  10. Seek Guidance:  If you're unsure about financial matters, seek guidance from financial advisors or counselors. Many educational institutions have support services to assist students with financial planning.  11. Explore Campus Resources:  Take advantage of resources provided by the campus, such as libraries, labs, and recreational facilities. This can help reduce personal expenses on study materials and entertainment.  12. Network and Explore Opportunities:  Build a strong network with peers, seniors, and faculty. This network can be valuable for accessing information about scholarships, part-time opportunities, and other financial support.  Remember, effective financial planning involves a combination of careful budgeting, resource exploration, and proactive decision-making. Being well-informed and making informed choices will contribute to a financially sustainable experience during your BTech program at IIT.  Estimating Total Costs Over Four Years  Estimating the total cost of a BTech program at an Indian Institute of Technology (IIT) over four years involves considering various expenses. While specific costs can vary between IITs, here's a general breakdown to help students estimate their total expenses:  1. Tuition Fees:  Check the annual tuition fees for your specific BTech program. Multiply this by the number of years in your program (usually four years).  2. Hostel Fees:  Include the yearly hostel charges, considering whether the fees cover both accommodation and food (mess charges). Multiply this by four for the total hostel costs.  3. Other Academic Charges:  Account for examination fees, library fees, laboratory fees, and any other academic-related charges. Multiply the annual total by four.  4. Miscellaneous Expenses:  Factor in miscellaneous expenses, such as study materials, personal expenses, travel, and unforeseen costs. This can vary widely, so estimate a reasonable amount for each year.  5. Health Insurance:  If health insurance is not included in the fees, consider obtaining a health insurance policy. Multiply the annual premium by four.  6. Internship and Placement Expenses:  Consider any costs associated with internships, placements, or travel for these opportunities. This will depend on the program and industry, so estimate based on potential requirements.  7. Emergency Fund:  Allocate a small amount for an emergency fund each year to cover unexpected expenses.  8. Inflation and Fee Increases:  Consider potential fee increases or inflation over the four years. Some IITs may have a standard percentage increase each year.  9. Financial Aid and Scholarships:  Deduct any potential financial aid, scholarships, or fee waivers from the total estimated cost.  10. Part-Time Work Income:  If you plan to work part-time during your studies, estimate potential earnings and deduct this from the total cost.  11. Savings and Investments:  If you have savings or investments, consider how these can contribute to covering your expenses during the four years.  12. Budget for Graduation and Convocation:  Include costs associated with graduation ceremonies and convocations.  Summing up all these components will give you an estimate of the total cost for your BTech program over four years. Keep in mind that this is a rough estimate, and actual expenses can vary based on personal choices and circumstances. It's advisable to revisit and adjust your budget regularly, taking into account any changes in fees, living arrangements, or financial circumstances.  Scholarship Opportunities and How to Apply  Indian Institutes of Technology (IITs) offer various scholarship opportunities to support students in pursuing their BTech programs. The specific scholarships and application processes may vary among IITs, so it's crucial to check the details on the official website of the respective institute. Here's a general guide on scholarship opportunities and how to apply:  1. Institute-Specific Scholarships:  IITs typically have their own scholarship programs. These scholarships may be merit-based, need-based, or a combination of both. Explore the official website of the particular IIT you are interested in to find information about scholarships they offer.  2. National Scholarships:  Several national-level scholarships are available for engineering students. These may be provided by government agencies, non-profit organizations, and corporate entities. Some well-known national scholarships include:  Central Sector Scholarship Scheme (CSSS): Offered by the Ministry of Education, Government of India, for meritorious students.  National Talent Search Examination (NTSE): Conducted by the National Council of Educational Research and Training (NCERT), this scholarship is awarded to students based on a national-level examination.  3. State Government Scholarships:  State governments in India often offer scholarships to support students pursuing higher education. Check with the education department of your respective state for available scholarship programs.  4. Special Scholarships for SC/ST and OBC Students:  Special scholarship schemes are often available for students belonging to Scheduled Castes (SC), Scheduled Tribes (ST), and Other Backward Classes (OBC). These are designed to promote inclusivity and provide financial assistance.  5. Industry-Sponsored Scholarships:  Some IITs collaborate with industries to provide sponsored scholarships. These scholarships may come with certain conditions, such as internship commitments or work placements with the sponsoring organization.  6. Application Process:  Review the eligibility criteria and application procedures for each scholarship. Some scholarships may require a separate application, while others may automatically consider all eligible students based on merit or financial need.  7. Submission of Documents:  Prepare and submit all necessary documents, including academic transcripts, proof of income, and any other documents specified in the scholarship application guidelines.  8. Online Portals:  Many scholarship applications are now submitted through online portals. Familiarize yourself with the application platform and ensure that you submit all required information within the specified deadlines.  9. Regularly Check for Updates:  Stay informed about scholarship opportunities by regularly checking the official website of the IIT and other relevant scholarship providers. Updates on new scholarships or changes in application processes are often posted online.  10. Financial Aid Office:  If you have questions or need assistance, contact the financial aid office of the IIT. They can provide guidance on available scholarships, eligibility criteria, and the application process.  Remember to start the scholarship application process well in advance to ensure that you meet all deadlines and requirements. Thoroughly read the guidelines provided by each scholarship program and seek assistance from the relevant authorities if needed. 
Top Boarding Schools in UK for Indian Students | Fees Included

Top Boarding Schools in UK for Indian Students | Fees Included

Choosing the right school for a child's education is not an easy task. Especially in this hyper-competitive world where seizing the right opportunities is extremely vital. To ensure you have all the information you need before making this major decision, here are the most popular boarding schools in UK for international students! Fact: The average admission fees is £16,000 (16 lakhs in INR) per half (term) for the boarding schools in UK. There are three halves (terms) in a year! List of Boarding Schools in UK for Indian Students Eton College: Nestled along the banks of the River Thames, Eton College stands as a beacon of academic excellence. With a rich history dating back centuries, this illustrious institution provides unparalleled opportunities for holistic development. The school fee includes tuition, board, lodging, and the cost of most games activities and the majority of educational materials. Estimated fees: £16,666 per term. Harrow School: Set amidst 300 acres of picturesque grounds, Harrow School boasts a tradition of academic rigour and cultural diversity. From state-of-the-art facilities to a vibrant community of scholars, Harrow offers an enriching experience for students from around the globe. Estimated fees: £16,850 per term. Winchester College: Founded in 1382, Winchester College epitomizes academic excellence and intellectual curiosity. With a strong emphasis on individual growth and character development, Winchester nurtures future leaders and innovators. Estimated fees: £49,152 per year or £16,384 per term. The fee for day scholars is £36,369 per annum (£12,123 per term). Rugby School: Steeped in history and tradition, Rugby School offers a dynamic learning environment where students thrive academically and personally. From innovative teaching methods to a wide range of extracurricular activities, Rugby fosters a spirit of exploration and discovery. Estimated fees: £15,330 per term for boarders and for day scholars, it is £9,630 per term. Charterhouse School: Located in the heart of Surrey, Charterhouse School combines academic excellence with a supportive community ethos. With state-of-the-art facilities and a commitment to holistic education, Charterhouse prepares students for success in an ever-changing world. Estimated fees: £15,845 per term and £47,535 per year. Westminster School: Situated in the heart of London, Westminster School offers a unique blend of tradition and innovation. With a diverse and inclusive community, Westminster provides a stimulating environment where students can thrive academically and socially. Estimated fees: £16,506 per term or £49,518. The fee for day scholars is £34,299 per year. Join our WhatsApp Community Expensive Schools in India for Child Education! Read More Why do you need to invest in your child's education? In today's fast-paced and competitive world, investing in your child's education is more important than ever. With the rising cost of living and limited financial resources, it's essential to plan ahead and secure your child's future. EduFund understands the challenges parents face and is dedicated to helping families achieve financial security through smart investments like mutual funds. By partnering with EduFund, parents can create a solid foundation for their children's education and ensure they have access to the best opportunities the world has to offer. Together, we can unlock a brighter future for the next generation. Invest Now!
Top Boarding Schools in Canada: A Promising Path for Indian Students

Top Boarding Schools in Canada: A Promising Path for Indian Students

For Indian students seeking a world-class education and an enriching international experience, boarding schools in Canada offer a compelling option. These institutions, known for their rigorous academics, diverse student bodies, and supportive environments, can equip students with the skills and knowledge needed to thrive in a globalized world. List of Top Boarding Schools in Canada for Indian Students Brentwood College School (Mill Bay, British Columbia):Known for its oceanfront location, progressive approach, and diverse student body, Brentwood offers a strong academic program alongside various extracurricular activities and outdoor pursuits. (Tuition Fees 2024/25 - International Boarding - $96,300) Albert College (Belleville, Ontario):This co-educational school boasts a long history and a commitment to fostering well-rounded individuals. It offers a balanced academic program with opportunities for leadership development and community service. (Tuition fees for international boarders - $78,760 CAD for Grades 7-8, and $85,500 CAD for grades 9-12) Shawnigan Lake School (Shawnigan Lake, British Columbia):Located on a beautiful lakefront campus, Shawnigan Lake provides a rigorous academic program focusing on experiential learning and character development. The school boasts strong athletics and arts programs. (Tuition fees for international boarders - $94,500 CAD) Lakefield College School (Lakefield, Ontario):This co-educational school offers a unique combination of academics and outdoor education, fostering a love of learning and a connection with nature. It features a bilingual program and encourages international cultural exchange. (Tuition fees for international boarders - $82,400 CAD) Trinity College School (Port Hope, Ontario):This historic school emphasizes academic excellence and personal growth. It offers a diverse range of academic programs, including the IB diploma, and boasts strong arts and athletics programs. (Estimated annual fees: $72,000 CAD) Exploring the Options at Boarding Schools in Canada Canada boasts a diverse range of boarding schools catering to various needs and preferences. When selecting a school, consider factors like location, size, academic programs, and extracurricular activities. Popular choices among Indian students often feature: Smaller schools with close-knit communities: These create a warm and supportive environment, ideal for students seeking personalized attention. Schools with a strong focus on STEM programs: These cater to students interested in pursuing careers in science, technology, engineering, and mathematics. Schools offering the International Baccalaureate (IB) diploma: This internationally recognized program equips students with critical thinking, research, and communication skills valued by universities worldwide. Join our WhatsApp Community to learn more! Conclusion: A Canadian boarding school education can be a transformative experience for Indian students. With careful planning, research, and an open mind, students can embrace this opportunity to excel academically, broaden their horizons, and prepare for success in a globalized world. Remember, this blog serves as a starting point. Contact the schools directly and conduct thorough research to ensure you make the best decision for your educational journey. Start Investing
What is the cost of studying at Oxford University & how to save?

What is the cost of studying at Oxford University & how to save?

Oxford University ranks first in the global subject rankings for humanities and life science. According to QS World University Rankings (Quacquarelli Symonds), Oxford is the second-best university in the world. As per CNBC, it costs above £39,010 (37 Lakhs) to study at Oxford for international students. However, the price may vary as per personal circumstances and course structure.  If you are willing to know how much I need to save to send my child to oxford university? and the costs associated, read the full piece below. Start Saving for Child Education What are the primary University education costs for Indian students? The primary educational costs that you must cover to send your child to Oxford debt-free include -  1. Tuition fee Tuition fees for undergraduate students can range from 15-56 Lakhs at the University of Oxford. The courses like MBA and Engineering have slightly high tuition fees in Oxford. The tuition fee for courses at the University of Oxford CoursesDurationTuition fees (In rupees)Medicine and Healthcare6 years₹17 LakhsMBA1 year - 21 months₹37 - ₹56LakhsEngineering4 years₹21 lakhsScience9 months - 4 years₹16 - ₹36 lakhsArts3 - 4 years₹16 - ₹17 lakhsInformation Technology1 - 3 years₹19 - 23 lakhsManagement13 months - 3 years₹16 - 21 lakhs 2. Application Fee  The application fee at the university is ₹7,169 (£75) for every course. The students must pay this in GBP (British Pound Sterling) by credit or debit card. 3. Student Visa costs If you are planning to stay at the University of Oxford for over 6 months, you will need a student visa. The short-term visa may cost you up to ₹9,000. If you plan to live for an extended period (11 months or over), the cost for the same will be about ₹17,000. 4. Monthly costs of living  The monthly costs of rent, food, stationery, social activities, and personal items at the University of Oxford costs around ₹1,16,187.78. So, you nearly have to save around ₹5,148,845.26 (5 crores) to fund your child’s Oxford dreams. Intersted in taking Education Loans? Ways to Save for a Child’s Oxford University Dreams 1. Tap into scholarships There is an array of scholarships for Indian students to Study at Oxford. One can leverage a scholarship of up to £30,000 per annum. These include Felix scholarship for Indian Students. It enables Indian students to study any undergraduate course at the University of Oxford. It covers 100% of course fees and living cost grants. Chevening Scholarships for Indian students seeking post-graduation at Oxford with good leadership skills. Commonwealth Scholarship and Fellowship plans Oxford and Cambridge Society of India (One can qualify for a scholarship of up to ₹4,00,000) Oxford Weidenfeld & Hoffman Scholarship for PG programs for Indian students seeking to serve their nation. 2. Invest in 529 Fund 529 fund helps one avoid tax on additional educational expenses. One can withdraw money tax-free to cover university and vocational expenses. The fund can be used to finance Oxford studies. Please enquire about the eligibility before leveraging it for a particular university. Using the fund, one can cover expenses like-Tuition fees, stationery, equipment, and room. It does not cover travel or basic living expenses. 3. Apply for education loans Student loans are another alternative to cover your child’s Oxford degree and can be used as a last-minute resort. At Edufund, you can get easy education loans up to 1 cr for your child. This all-digital process offers you low-interest loans with no hidden charges, fast approval, and no collateral for up to ₹75 lakhs. 4. Graduate teaching assistance program The Graduate Teaching Assistance Program is ideal for students pursuing Doctorate or Postgraduate programs at the University of Oxford. It covers a partial tuition fee cost. Instead, he may be paid a salary or internship for the services. It is calculated based on the hours one contributes. It helps cover the university’s educational expenses. 5. Tap into the departmental concessionary fee scheme The University of Oxford provides fee reductions for short-term courses for international students. It is for Weekly classes, Weekend events, Lecture Series, and Weekly Oxford Worldwide programs. It ensures a 50% tuition fee reduction for low-income international guardians. One must be a full-time international student with a UK state benefit. FAQs How much does it cost to study at Oxford University? The cost of studying at Oxford University is different for every course. As per CNBC, it costs above £39,010 (37 Lakhs). The official website has listed that it costs between £28,950 and £44,240 to study at Oxford for international students at the undergraduate level. While the cost of living in the city is approx. £16,560. How much does Oxford cost for international students? The official website has listed that it costs between £28,950 and £44,240 to study at Oxford for international students at the undergraduate level. Whereas for domestic students, it is capped at £9,250. How many Indian students are at Oxford University? According to their website, there are 497 Indian students enrolled at Oxford University. TALK TO AN EXPERT
Top Boarding Schools in Switzerland for International Students | Fees Listed

Top Boarding Schools in Switzerland for International Students | Fees Listed

Switzerland is known for its excellent education system. It is home to the most expensive school, The incredible Institut Le Rosey, also known as the "School of Kings". The estimated fee for this school is CHF 1,25,000 (1.17 crore in INR). Let's look at some of the most popular and expensive boarding schools in Switzerland for international students! Join our robust WhatsApp Community that helps parents invest! Most Expensive Boarding Schools in Switzerland Leysin American School: Nestled in the breathtaking Swiss Alps, Leysin American School offers a transformative learning experience amidst stunning natural beauty. With a diverse student body and a commitment to innovation, LAS provides a dynamic environment for academic and personal growth. Estimated fees: CHF 120,000 per year. Institut auf dem Rosenberg: Situated in the picturesque town of St. Gallen, Institut auf dem Rosenberg is renowned for its personalized approach to education and emphasis on holistic development. From world-class facilities to a global network of alumni, Rosenberg offers an unparalleled educational experience. Estimated base fees: CHF 93,000 per year, and individual fees are charged separately. This varies based on the student and starts at CHF 50,000 per year. Aiglon College: Perched on a mountainside overlooking Lake Geneva, Aiglon College offers a rigorous academic program combined with outdoor adventure and experiential learning. With a focus on character development and leadership, Aiglon prepares students to excel in a rapidly changing world. Estimated fees start at CHF 85,000 per year. TASIS Switzerland: Located in the picturesque village of Montagnola, TASIS Switzerland offers a unique blend of American-style education and European culture. With a diverse student body representing over 60 nationalities, TASIS provides a multicultural learning environment that fosters global citizenship. Estimated fees: CHF 100,500 per year for boarding children in middle and high school. Day scholars, it ranges between CHF 28,000 to CHF 53,000. Institut Le Rosey: Situated on a sprawling estate overlooking Lake Geneva, Institut Le Rosey is synonymous with luxury and excellence. With a history dating back over a century, Le Rosey offers a world-class education combined with a rich cultural experience. Estimated fees: CHF 1,25,000 per year. Brillantmont International School: Located in the heart of Lausanne, Brillantmont International School combines academic rigor with a supportive and nurturing environment. With small class sizes and personalized attention, Brillantmont offers a tailored educational experience that empowers students to reach their full potential. Estimated fees: CHF 90,500 for 8th and 9th grade, CHF 96,500 for 10th grade and CHF 103,500 for 11th, 12th and 13th graders. Benefits of Boarding Schools! Why you need to invest for your child's education? In today's fast-paced and competitive world, investing in your child's education is more important than ever. With the rising cost of living and limited financial resources, it's essential to plan ahead and secure your child's future. EduFund understands the challenges parents face and is dedicated to helping families achieve financial security through smart investments like mutual funds. By partnering with EduFund, parents can create a solid foundation for their children's education and ensure they have access to the best opportunities the world has to offer. Together, we can unlock a brighter future for the next generation. Invest Now
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