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The education experience that the United Kingdom provides foreign nationals is truly remarkable. From superior education institutions to unmatchable facilities blended with experimental teaching frameworks, the UK helps students unlock their fullest potential. Going to study in another country entails more than just gaining knowledge. This also allows students to gain a global perspective, which greatly influences them as individuals. https://www.youtube.com/watch?v=v4gmR-U_vHA&pp=ygUHZWR1ZnVuZA%3D%3D Reasons why, the United Kingdom is one of the most popular locations for higher education 1. Reputable universities are known worldwide International acclaim is accorded to the UK's academic program and elite universities. With connections through the United Kingdom, one can access prestigious academic institutions with histories that date back to the 12th and 13th centuries. Undoubtedly, degrees from such universities are highly regarded and appreciated. As a result, if your child's profile includes a degree from a UK university, be assured that they shall increase competition in the professional world. Furthermore, such institutions motivate learners to advance their careers, showcase their talents, and pursue their dreams. Start Saving with EduFund 2. Universities promote utility-based knowledge The United Kingdom provides students with opportunities to conduct coursework as per their interests. Students will have greater research viable alternatives as a result of this.  Constructive content-focused methods and participative-based understanding is preferred over textbook education in the United Kingdom. This signifies that learners can fine-tune their ability to analyze and think critically in their selected discipline of study.  In addition, the Quality Assurance Agency, a reputable UK organization, regularly assesses the academic standards at all colleges and universities. The body uses subject assessments and quality audits to assess effectiveness. Cost of Studying LAW in the UK Read More 3. The pool of diverse culture Britain is a diverse nation that has long been popular for international students seeking higher education. Britain is the second most sought-after country among international students seeking an education abroad.  As a natural outcome, UK universities are bustling with students from various cultures. Students can socialize in a multicultural environment and enjoy a welcoming campus environment. As a student, meeting and learning about people from all over the globe is possible. source: Pexels 4. Impressive employment opportunities During the academic year, overseas students may work up to 20 hours per week. A few universities perhaps assist students in obtaining internships as a component of their coursework. Students will have a comparative advantage once they graduate. Students gain confidence about excellent job opportunities upon completing their graduate or postgraduate studies. Besides this, the British government has adopted a new post-study working visa that allows international graduates to stay and work in the UK for an additional two years. This extends to students who graduated in the summer of 2021. https://www.youtube.com/watch?v=EyP3Li4ofNg 5. Financial privileges Most students pick the UK as their higher education destination due to the government's many financial benefits. The foremost and most significant reason is that students can finish a degree program in the UK sooner than anywhere else in the country.  An undergraduate course lasts four years in several countries around the world. It would be beneficial if students completed their postgraduate degree in two to three years. In the UK, students can accomplish their undergraduate degree in three years and their postgraduate qualification in one year unless individuals pursue medicine or research. International students studying in the UK can also apply for financial assistance like scholarship opportunities, student grants, and bursaries. International students who intend to attend British universities are entitled to free medical treatment through the National Health Service. Uk, 2020/21 - Higher education student statistics Enrolment in first-year higher education by level of study - 2011/12 to 2020/21 academic years. First-year degrees have recently become a popular type of higher education, increasing by 8% between 2019/20 and 2020/21. The number of first-year postgraduates taught increased by 16% over the previous academic year. First-year student enrolment in postgraduate research courses has returned to 2017/18 levels, following a 6% increase since 2019/20 6. The national student survey report Former students who studied in different universities in the UK share their experiences learning in their respective colleges with the NSS. This is a UK-wide survey, and many students participate in it. The most recent National Student Survey published in 2020 indicates that  84 % of respondents were satisfied with their course's teaching, and  86 % were satisfied with their learning resources. 83 % were pleased with their educational opportunities. Conclusion British universities ensure consistent academic standards, with industry professionals on various academic topic areas. These aspects keep the universities higher in the global ranking. With revolutionary instructional approaches, the higher education system in the UK is widely acknowledged as the preferred standard for university education. There were 2.38 million students enrolled in educational institutions in the UK in 2018-19. Start saving early to consider the UK for your child's higher education Talk To An Expert FAQs Why did you choose the UK for higher education? The UK offers world-renowned universities, diverse academic programs, and rich cultural experience. Its education system emphasizes research, critical thinking, and practical skills. With a global network, top-notch faculty, and vibrant student life, studying in the UK can provide an excellent foundation for future success. Why UK is better than India for higher studies? The UK offers a broader range of internationally recognized universities, advanced research facilities, and diverse study options compared to India. With a focus on experiential learning and global exposure, studying in the UK can offer a competitive edge in terms of quality education and career prospects. What are the benefits of being a student in the UK? Being a student in the UK offers access to top-tier education, global networking opportunities, cultural diversity, and a chance to explore historic landmarks. It fosters personal growth, academic excellence, and memorable experiences. What are the benefits of choosing to study in the UK? Studying in the UK offers access to world-class universities, diverse academic programs, renowned faculty, research opportunities, and a multicultural environment. It provides a chance to enhance career prospects, gain international exposure, and develop valuable skills, all within a rich historical and cultural backdrop.

Your search for affordable countries for UG courses ends here! Every year, thousands of students wish to study abroad. The majority of those potential students have significant financial concerns. After all, it is not at all cheap to send your child to study overseas. Not everybody is eligible for scholarships. Few people do not get education loans because of a lack of collateral or documentation. Here, we'll explore the top and most affordable countries where you may send your child to study abroad and learn how much you need to save for your child’s quality education. Affordable countries for UG courses 1. Germany  Germany is well known for its prestigious universities. No matter their nationality, undergraduate students in Germany's public universities are required to pay zero or minimal tuition fees.  Study costs in Germany  At private colleges, the average annual cost of tuition may exceed EUR 3,000 (Rs. 2-3 lakhs). Your child can also opt for scholarships provided by private universities.  The monthly average living cost in this country is between 700 and 1000 EUR (Rs. 50,000 to Rs. 80,000). Students who purchase a semester ticket can use public transportation for no cost. Germany offers discounts on student IDs for the theatre, museums, opera houses, cinemas, and other cultural organizations. Additionally, there are DAAD scholarships to help with living costs that your child can consider. https://www.youtube.com/watch?v=ly0C1VM7YFc 2. Switzerland  Switzerland has a total of 12 universities and fewer higher education institutions dedicated to science and research. Eight of these universities are listed in the QS World University Rankings, with ETH Zurich coming in at number 10 overall. The top 100 universities also include four of these institutions.  One of Europe's most beautiful countries, Switzerland is renowned for its research findings, high standard of living, and excellent educational system.  Study costs in Switzerland  The annual tuition at state universities ranges from 600 to 1000 EUR (Rs. 40,000 to 80,000). Private universities may charge anything between EUR 2,000 and EUR 16,000 (Rs. 2 to 12 lakhs) annually. The average monthly cost of living is between CHF 1,400 and 1,800 (2-3 lakhs)  3. Denmark  Despite only having 5.5 million people, Denmark is among the most promising nations in the world and punches beyond its weight in the field of education.  Denmark's inventive nature makes it an ideal location for your study abroad experience, in great portion because of a strong emphasis on research and top-notch education. Danish higher education combines outstanding academic standards with learning strategies that encourage critical thinking, experimentation, and teamwork. Danish educational institutions are also very focused on practical education.  Study costs in Denmark  Tuition ranges from DKK 45,000 to DKK 120,000 per year. (Rs. 5 to 13 lakhs per annum). Monthly Living Expenses: DKK 6,000–DKK 10,000 (Rs. 60,000 to Rs 1 lakh)   Danish universities only get a small number of government scholarships every year to support exceptionally qualified foreign students. The government scholarship is divided into two components and can be awarded as grants to help with living expenses or as whole or partial waivers of tuition fees. 4. Spain  Spain's institutions possess a strong reputation abroad and offer top-notch education at an affordable price, making it a great option for Indian and international students. For international students, particularly Indian students, the cost of living is favorable, and Spain is thought to have the lowest tuition costs in Europe.  Study costs in Spain  Around 800 to 2500 EUR (Rs. 60,000 to 2 lakhs) in fees are charged for bachelor's programs every academic year. The annual tuition for private universities is more expensive and often double the cost of public schools. On a student budget, the total monthly living expenses for international students range from 500 to 1000 EUR (Rs. 40,000 to Rs. 60,000).  Source: pexels 5. Poland  With some of the oldest colleges in the world, Poland is renowned as an affordable European nation with a rich history and several major university degrees available in the English language. Due to its affordable living expenses and other charges (such as food and transportation), it is one of the top educational destinations for Indian students.  Study costs in Poland  The average cost of a study program in Poland ranges from EUR 4,000 to EUR 7,000 (4-6 lakhs) per academic year. The solid economy of the affordable European nation explains why the monthly living expenses for Indian students average range is 500 to 600 EUR (Rs. 50,000- 60,000).  6. Estonia  With a population of only 1.3 million, Estonia is a rather small nation. In comparison to other countries, they have a great quality education system that is also inexpensive for Indian students. The Estonian Universities stand out for offering 100+ degree programs that are entirely taught in English.  Study costs in Estonia  A bachelor's degree should typically cost from 1,000 to 8,000 EUR (Rs. 1 to 7 lakhs) annually. It will cost approximately 11,000- 12,000 EUR (9- 10 lakhs) per year to pursue a specialized degree, such as a medical degree. International students can apply for scholarships, however, they are typically only for postgraduate studies. Monthly living expenses range from 500- 600 EUR (Rs. 50,000- 60,000).  If your child is exploring foreign universities for higher education but considering European countries is a must. Future costs for studying abroad will rise up so calculate how much it will cost you in the future rather than relying on current price rates! Use our college cost calculator to figure out the cost of studying for UG courses. Talk to An Expert FAQs Which country is most affordable to study? There are many countries that offer affordable degrees to international students. Some of these countries are: Germany Switzerland Denmark Spain Poland Estonia Which country is the cheapest to study abroad for Indian students for a bachelor's degree? Germany, Poland, Norway, Austria, Ukraine, Georgia, Netherlands, and Russia are some of the cheapest countries for to study in for Indian students to pursue bachelors. In fact, studying medicine in countries like Russia, Ukraine, Bangladesh, China, & Nepal is cheaper than studying in Indian private universities. Which country is expensive for Indian students? Countries like the USA, UK, Australia, Switzerland, and New Zealand can be expensive for Indian students. Countries like the UK and the USA are expensive because of their popularity and high costs of living. They are also extremely sought after and the tuition fees at these universities can range between 15 to 30 lakhs per annum.

Studying abroad is a dream shared by many Indian students seeking to broaden their horizons, gain a global perspective, and enhance their educational and career prospects. While the cost of studying abroad can be a significant consideration, several countries offer excellent educational opportunities at affordable prices. This blog will delve into some of the cheapest cities for Indian students to study abroad. These places provide high-quality education and offer reasonable living expenses, making them attractive destinations for aspiring scholars. Explore Low-Cost Study Abroad Cities 1. Taipei, Taiwan Taiwan, often overlooked by Indian students, boasts exceptional educational institutions at affordable rates. Taiwan's cost of living and tuition fees are significantly lower than in many other countries. Cities like Taipei, Taichung, and Tainan offer a vibrant cultural atmosphere, state-of-the-art facilities, and globally recognized degrees—scholarships, such as the Taiwan Scholarship Program and various university-specific grants, further support international students financially. Taiwan's blend of affordability, academic excellence, and cultural richness makes it an ideal destination for Indian students. The average cost of living in Taipei is ₹60,000 - 80,000 per month in 2023. https://www.youtube.com/watch?v=Wzd8dXqjxEU 2. Lyon, France France, renowned for its rich cultural heritage and esteemed universities, provides numerous options for Indian students seeking affordable education. Although Paris is known for its higher cost of living, several cities such as Lyon, Toulouse, and Grenoble offer lower living expenses while maintaining excellent academic standards. French universities also provide various scholarships, such as the Eiffel Excellence Scholarship Program, enabling Indian students to pursue their studies at a reduced cost. Studying in France offers quality education and an opportunity to immerse oneself in a diverse and vibrant culture. The average cost of living in Lyon is ₹82,000 - 1 lakh monthly in 2023. Explore Low-Cost Study Abroad Cities 3. Warsaw, Poland Poland has become an attractive study destination due to its affordable education system, low living costs, and high-quality universities. Cities like Warsaw, Kraków, and Wrocław offer a range of degree programs taught in English, making them accessible to international students. Polish universities are known for their research facilities and academic excellence, creating a conducive environment for Indian students to pursue their educational goals. Moreover, numerous scholarships, such as the Polish National Agency for Academic Exchange, are available for international students, providing financial assistance and making Poland an appealing choice. The average cost of living in Warsaw is ₹40,000 - 60,000 per month in 2023. Cheapest City to Live in India Read More 4. Mexico City, Mexico With its rich history, vibrant culture, and affordable education, Mexico presents a unique opportunity for Indian students. Cities like Mexico City, Guadalajara, and Monterrey offer a wide range of courses in English, making them accessible to international students. Tuition fees in Mexican universities are relatively low compared to other study-abroad destinations. Additionally, Mexico provides scholarships, such as the Mexican Government Scholarship Program, to support international students financially. Choosing Mexico as a study destination allows Indian students to experience a dynamic blend of education, cultural diversity, and affordability. The average cost of living in Mexico City is ₹80,000 - 90,000 monthly in 2023. 5. Kuala Lumpur, Malaysia Malaysia has become an affordable study-abroad destination without compromising quality education. Cities like Kuala Lumpur, Penang, and Johor Bahru offer a range of programs in various disciplines at reasonable tuition fees. The cost of living is relatively low, and scholarships such as the Malaysia International Scholarship are available for Indian students. Malaysia's multicultural society, warm hospitality, and excellent education system make it an attractive choice for Indian students seeking an affordable study abroad experience. The average cost of living in Kuala Lumpur is ₹80,000 - 90,000 monthly in 2023. 6. Prague, Czech Republic The Czech Republic is renowned for its rich history, cultural heritage, and top-notch education system. Prague, the capital city, has several prestigious universities offering various programs. Tuition fees in the Czech Republic are generally lower than in many other European countries, and the cost of living in Prague is relatively affordable. The city's picturesque beauty, vibrant nightlife, and diverse student community make it an enticing destination for Indian students. The average cost of living in Prague is ₹27,000 - 60,000 monthly in 2023. 7. Budapest, Hungary Hungary is gaining popularity among Indian students as a budget-friendly study-abroad destination. Budapest, the capital and largest city is known for its stunning architecture, vibrant nightlife, and rich history. Hungarian universities offer a wide range of programs taught in English at affordable tuition fees. The cost of living in Budapest is significantly lower than in other major European cities, making it an ideal choice for students on a tight budget. The average cost of living in Budapest is ₹34,000 - 65,000 per month in 2023. For Indian students aspiring to study abroad on a limited budget, several countries provide excellent opportunities without compromising on quality education. The countries mentioned above offer affordable tuition fees, lower living costs, and various scholarship options. These countries ensure a well-rounded educational experience and provide opportunities for cultural immersion and personal growth. As you embark on your journey to study abroad, consider these destinations, weigh your options, and choose the one that aligns best with your academic goals and financial situation. The world awaits you! Talk To An Expert Disclaimer:These are merely average costs of living in a city. The actual costs may differ based on your lifestyle and personal expenses.

The cost of a master's degree in Canada can be anywhere up to 22,88,090.71 lakhs. The course structure is 1-2 years, including research and coursework.  As the structure of college fees and syllabus varies from university to university, you must plan the finances. Apart from the education expenses, the guardians must meet every child's needs, from a laptop to a mess and study tour expenses. https://www.youtube.com/watch?v=nyV0rwJu-7c Should your child study master's in India or Canada?  The table here will help you find the apt answer to your question:  Parameters Masters in India Masters in Canada Total Costs of Masters ₹ 2-4 lakhs (yearly) Around ₹ 15-30 Lakhs (Yearly) (Minus the living costs) Job opportunities If you own a Masters’s degree from a reputable college, you may get grab a handsome package in a reputed company. Students pursuing a PG (Post-Graduation degree in Canada, mainly apply for Master’s in Healthcare, tech, and engineering is highly searched for by reputed companies.  Education standards Good research opportunities matter more than the coursework program Universities in Canada ensure top-notch research faculty. As per QS Education System Strength Ranking, Canada is among the top 5 educational standards. Top Universities University of Delhi Banaras Hindu University, IIT Delhi, IGNOU University of Toronto McGill University  University of British Columbia        Fresher’s salary  The average salary of a fresher after a master’s in India is Rs, 20,000/month.  The average salary of a fresher after a Masters’s in Canada is around 2,68,527/month.  Should you consider India or Canada? If you want to remain around family, share uncertainty regarding jobs abroad, and seek affordable education, India is the best place to be. If you want to ensure a high standard of living, have sufficient financial backup, and be confident about your skills to gain opportunities, you can pursue Masters's in Canada.  MBA or PGDM in Canada? Read More How much you must save for your child’s master’s in Canada?  You would need to save around 3-17(approx.) lakhs in a year for 5 to 10 years to comfortably send your child to study in Canada. It is a fairly expensive country which means your savings fund needs to be sufficient to help them manage expenses despite the rupee fall and increase in the prices of goods and services. 6 ways to fund masters in Canada   The expenses are hauntingly terrific. Here is how you can cover up tension-free:   1. Mutual Funds   Mutual funds are the best way to invest and reap returns after some years., If your child has around 5-10 years to get into university, it is advisable to invest in mutual funds. These funds help double up your investments if invested for a long time. Moreover, it will help you counter inflation in the later years. These are subjected to market risks. Hence, consult an expert before investing.  2. Scholarships  To qualify for scholarships in Canada, one must maintain an average of at least 80%, as determined by the Admissions and Financial Awards Office. Applicants with a higher than 80% average may qualify for large scholarships.  Global Affairs in Canada (GAC) provides multiple scholarship programs to international students to qualify. These include scholarships from Government and Research Council. The country also offers scholarship programs for talented postgraduates aiming for Canada. There are more ways to apply for scholarships from India to Canada:   Agence Universitaire de la Francophonie (AUF) is the largest network that provides higher education across the globe. You may make an application for a grant to fund education for up to 10 months.  International Scholarships from Canadian universities. 3. International grants from different Canadian universities  There is a different criteria to apply for grants from Canadian universities. Students from Nunavut, Quebec, and Northwest territories are subjected to following a distinct procedure to apply for grants.  Some Canadian universities offer individual scholarships to international students applying to a particular university. Before applying for a university, check whether or not it offers any grants or scholarships. The qualification criteria may vary from university to university in Canada.  4. Research Council scholarships in Canada  The government of Canada and the Research Council provides scholarships for international students. To ensure the highest research standards, Canada provides research grants for academic works in different fields in Masters. Check the eligibility criteria for the research council Scholarships.  5. Accelerate programs   It is for full-time postgraduate international and national students in Canada. These programs fund interesting project ideas and help build networks to establish businesses outside Canada. In this, students must qualify for the standards set up by the accelerated program. By doing so, the individual can earn a stipend of up to $10,000 for four months. 6. Education Loans: Finally, you can always opt for an education loan when you have exhausted all your efforts. Connect with the best banks that offer help interest rates, and help your child figure out a repayment plan.   You can easily fund your child’s masters in Canada if you start saving and investing early on. Find out the cost using the college cost calculator and explore the recommended funds that can help you scale your child’s education corpus in no time. Don’t forget to consult a financial advisor before starting. FAQs How do I get full funding for a Masters in Canada?   To get full funding for a Master's in Canada, you can apply for scholarships, grants, and assistantships offered by universities, research institutions, and the Canadian government. Additionally, explores funding opportunities from international organizations and private foundations.  How can I get a free Master's in Canada?  Getting a completely free Masters in Canada is challenging, but you can explore fully funded scholarships, assistantships, and grants. Additionally, consider universities with low tuition fees or work-study programs to offset costs.  How to get a 100% scholarship for Master in Canada?  Getting a 100% scholarship for Masters in Canada is highly competitive. To increase your chances, maintain a strong academic record, research available scholarships, and submit outstanding applications showcasing your achievements, skills, and potential contributions.  TALK TO AN EXPERT

Ivy League universities also offer various forms of financial support to international graduate students, including teaching and research assistantships, fellowships, and other forms of funding. However, the availability and amount of support may vary by program and institution. The Ivy League universities offer various types of scholarships to international students, which may include the following: Need-Based Financial Aid: Ivy League universities offer need-based financial aid to international students who demonstrate financial need, which is determined by the student's family income, assets, and other factors. Need-based aid can cover tuition, room and board, books, and other expenses. The amount of aid awarded to international students can vary depending on the institution and the student's financial circumstances. For example, in the 2020-2021 academic year, Princeton University provided need-based financial aid to 1,056 international undergraduate students, with an average award of $72,000. Columbia University provided need-based aid to 1,186 international undergraduate students, with an average award of $60,000. Merit-Based Scholarships: Ivy League universities may also offer merit-based scholarships to those international students who successfully manage to demonstrate exceptional academic achievement or other outstanding talent, such as in athletics, the arts, or community service. Merit-based scholarships can cover full or partial tuition and can also include additional benefits such as research opportunities, mentorship, and other forms of support. For example, in the 2020-2021 academic year, Harvard University awarded 22 undergraduate scholarships to international students, with an average award value of $68,000. These scholarships are given to those who show excellent academic achievement, leadership qualities, and personal character. Athletic Scholarships: Ivy League universities offer athletic scholarships to international students who excel in sports, although the scholarships are limited in scope. Ivy League institutions do not offer full-ride athletic scholarships and instead provide need-based financial aid to student-athletes. Research and Teaching Assistantships: Ivy League universities may offer research and teaching assistantships to international graduate students, which provide funding for tuition and living expenses in exchange for research or teaching work. These positions can be highly competitive and are often awarded based on academic achievement and research potential. For example, in the 2020-2021 academic year, Yale University's Graduate School of Arts and Sciences provided teaching assistantships to 551 international graduate students with an average stipend of $28,830. Columbia University's Graduate School of Arts and Sciences provided research assistantships to 1,147 international graduate students, with an average stipend of $33,000. Fellowships: Ivy League universities may also offer fellowships to international graduate students to support their research or academic pursuits. Fellowships can provide full or partial tuition coverage, as well as other benefits such as funding for research or travel. Fellowships are often awarded based on academic achievement, research potential, and other factors such as diversity and inclusion. For example, in the 2020-2021 academic year, Brown University awarded fellowships to 26 international graduate students, with an average stipend of $31,000. These fellowships are intended to support graduate students in their research and academic pursuits. It's important to note that the availability and amount of financial aid and scholarships can vary from institution to institution and from year to year. International students should research each institution's specific financial aid policies and scholarship offerings and plan to apply early and thoroughly to maximize their chances of receiving support. Approaching education counselors from Edufund can be an excellent way for international students to get the help they need to draft a strong application and apply for scholarships at Ivy League universities. Ivy League universities offer various types of financial aid and scholarship opportunities to international students, including those from India. These opportunities can help alleviate the financial burden of attending a prestigious institution and can open doors to valuable academic and personal experiences. It's important for international students to research each institution's specific financial aid policies and scholarship offerings and plan to apply early and thoroughly to maximize their chances of receiving support. While competition for financial aid and scholarships can be fierce, students who demonstrate exceptional academic achievement, leadership skills, and personal character may be eligible for a range of opportunities to support their education and career goals. Ultimately, studying at an Ivy League university can be a life-changing experience for international students, offering access to world-class faculty, cutting-edge research, and a diverse and stimulating community. With the right preparation and support, international students can thrive at these institutions and make lasting contributions to their fields and communities. Talk To an Expert

Australian universities are a dream for many students aspiring to do higher education overseas. According to QS world rankings 2022, Australia’s 7 universities make it to the list.   As per Top University’s stats, “A 4-year degree in Australia costs up to $ 45000.”   The tuition fee varies between 30000 AUD - 50000 AUD a year, which is the average cost. Depending on the course and the university, tuition fees may differ. However, the tuition and living costs are comparatively high depending on individual circumstances.  As a parent, you must worry about overseas study costs. Here are the best ways to save and finance your child's Australian dream.  What are the estimated costs for studying a course in Australia? Degrees in Australia Approximate costsEnglish Language Study AUD 18,240/YearVocational Education Up to AUD 28,500/YearUG (Undergraduate Degree) Up to AUD 45,000/YearPG (Post-Graduation) Around AUD 48,000/Year Doctoral DegreeAround AUD 48,000/Year  How to plan finances for your child’s education in Australia?  So, these are some estimated costs of studying in Australia. The expenses differ according to the course chosen. Given the cost, here is how you can finance the child’s tuition fee and living expenses in Australia.  1. Applying for a scholarship  Every university aspires to nurture talents from around the world and to encourage students; universities offer scholarships based on merit. Students should keep a keen eye on such scholarships and apply for them. An eligible student may be able to cover their tuition fees throughout the course by getting the scholarship.  2. Applying for personal loans  The parent can apply for personal loans if a student does not qualify for funds, scholarships, or grants through different sources. Personal loans are easy to prepare for and have competitive interest rates. You can manage it feasibly by splitting the repayments. Such loans may be a good option for average students pursuing higher education at Australian universities.  Bachelor's for Australia Read More 3. Work while studying  In Australia, one can quickly get a part-time job that pays hourly. It will help the student financially but also help gain exposure to the different industries and how they function.  Students can work for different paid internships, apprenticeships, and as a trainee for other firms to fund their daily expenses and tuition fees.   4. Check out student loans   Student loans are high-interest loans taken for the specific purpose of funding overseas education. You can apply for these loans through lenders, the government, or financial institutions.  Eligibility criteria for student loans:  The applicant must be an Indian citizen.  The age must be 18 years, or their parents will have to take the loan on their behalf.  Admission confirmation from an Australian university is required.  The candidate must enroll in a course recognized by the funding institution, such as a job-oriented degree, diploma courses, etc.  The student/parent should keep up with the terms of the loan/loans and their tenure. They must assess the best option available. One can take student loans for a longer duration ranging from 10-20 years.  Expenses covered under the student loan include:  Tuition fees for the course.  Cost of accommodation of student.  Purchase books, laptops, and stationery as needed.  Other such expenses as required to complete the course.  Cost of study tours, project work, etc  5. Minimize the risk of investments  If you have been investing in your child's Australian dream for a long time, safeguard it. Shift these investments to a minimal-risk fund like an FD (Fixed Deposit) towards the last stages of the investment horizon. You can also switch to a savings account. It ensures safety and provides interest in your money.  How do I apply for an education loan? What documents do you need?  If you want to finance your child's education, make sure you have these documents:  Admission letter from the university  Study-related documents  Candidate's PAN number  Statements of the guarantor, borrower, or student's account  A copy of the income proof of the parent or guarantor  Proof of assets  FAQs How can I fund my studies in Australia?   You can fund your studies in Australia through various means such as scholarships, grants, part-time work, student loans, and financial aid. Research available scholarships and grants, explore part-time job opportunities, and inquire about student loan options to cover tuition fees and living expenses during your study period.  Do I need proof of funds to study in Australia?   Yes, international students typically need to show proof of sufficient funds to cover tuition and living expenses in Australia.  How many funds required for Australia?  The funds required for studying in Australia vary depending on the course, location, and duration of study. Generally, you'll need to show sufficient funds to cover tuition fees and living expenses.  Conclusion These are some ways to finance your child's Australian dream. What is the best option for you? TALK TO AN EXPERT

A Master’s in Canada is a professional degree of 1-2 years. It is a thesis and curriculum-based program. Some Canadian universities even provide a combination of the best of these two.  A PGDM (Post-Graduate Diploma) is considered below the master’s degree. One can apply for it just after graduation. The course duration is generally less than a year or a year in Canada.   Many guardians share this confusion- “Should my Child consider a Master's or PGDM to enroll in Canada?”   You being on the page and reading this blog means that you are one of the guardians. So, read the full piece below and get answers to all of your questions. https://www.youtube.com/watch?v=x9B8449Iuw4 Excel in Canada: Masters or PGDM? Parameters Masters PGDM Course duration 1-2 years  0-1 year Eligibility criteria 6.5 bands in each module; overall, 7 bands 6 bands in each module, 6.5 in the overall module Letter of Recommendation 2 letters None Fees Around 15-20 Lakhs 7-15 lakhs Academics It has more value than PGDM Share less value than Masters  Work-Permit 3 years 1 year Bachelors’ qualification 70% in graduation, 3-GPA (Grade Point Average) Undergraduate degree of 3 years and work experience English Proficiency test TOEFL and IELTS TOEFL and IELTS Intakes  September and January September, January, and May Top Courses To study in Canada Computer Science, Public Health, Human Resource Management, Civil Engineering Nursing, Pharmacy, Business Management, and Engineering  Top Universities in Canada with the highest acceptance rates in 2022 (Above 70%) Lakehead, Thompson, Brock, Yorkville, Ryerson, University of Toronto Seneca, Royal Roads, Centennial College, University of Winnipeg, Humber College Average Salary (per year)  $ 47,000-$ 71,000  (INR 29,12,274.16 - INR 43,37,257.16) $ 25,000- $ 50,000 (INR 14,71,464 - INR 29,42,928)  Who is a PGDM in Canada suitable for?  Who wishes to lead the corporate world?  Wishes to improve leadership and team-building skills.  Wants to learn about effective resource management.  Wants to excel in communication skills as a leader.  Wants to have a tab over strategic and planning principles.  Who is a Master’s in Canada suitable for?  Wants to pursue a career in the graduation subject.  Wants to know more about a specific field.  Wants to improve career and employment prospects.  Progressing to a higher level of education (Ph.D.).  Develops interest in a single niche, for example - choosing content writing after a Master's in English.  By now, you must have got halfway through your answer to - Should your child enroll in master's or PGDM in Canada?  Living expenses in Canada Read More Is PGDM the same as MBA?  No, PGDM is different from MBA. Both of these courses are management courses offered by Canada. A PGDM diploma is for 1-2 years, while MBA is for a 2–3-year program.  Why Canada is the best country to Study Abroad for Indian Students? Read More Why apply for PGDM in Canada?   It provides various career opportunities for HR professionals, Marketing Managers, consultants, accountants, and Financial Managers.  Diplomas from Canada are highly-valued  PGDM students earn more salary than Indian Courses. Students make 17% more than in India after completing PGDM.  Good increment percentage  Big recruiters: Accenture, Deloitte, Tim Hortons, Royal Bank of Canada  Pursuing a course in Canada is more economical than in other countries.  Provide better employment opportunities. The country shares a high employment rate.  Great immigration opportunities for academically-good students  The country provides post-study opportunities.  The country is safe for students, ranking 8th on the Global Peace Index.  https://www.youtube.com/watch?v=nyV0rwJu-7c Why apply for Masters's in Canada?   The country is a host to the top Master’s universities like the University of Toronto and McGill  Opportunity to work with the world-leading experts  Provide a personalized institutional model to align with the student’s goal  The universities host discussion-based and seminar classes  28 Canadian universities rank in QS World University Rankings 2022  7 Universities Rank in World University Rankings 2022  The country provides growth opportunities for the research and development field. If you are an R&D student in Medicine, telecommunication, environmental science, agriculture, and technology, Canada is the place to be.   In Canada, a student can work to earn an extra every week during breaks (summer and winter breaks).   MBA in Canada under 40 lakhs Read More Can your child apply for a master's after PGDM in Canada?   Yes. Most universities create a course structure to prepare students for their master's.  Here are the eligibility criteria:  Parameters Eligibility Criteria for Masters Eligibility Criteria for PGDM     GPA (Grade Point Average) 16years of education, 3.0 /4 in Bachelors, Students with 15 years of experience would have to enroll in a course at a Canadian university An undergraduate degree with a minimum of 60% IELTS/TOEFL score 6.5, Some Canadian universities allow one to pursue without one 6.0-6.5 CGPA (Cumulative Grade Point Average)   7.0-7.5 6.0-6.5 GRE (Graduate Record Examination) score   140 in verbal, 150 in quantitative. N.A. (not applicable) GMAT (Graduate Management Admission Test Score) 550 N.A. Work experience 1-3 years 2 years  PGDM Vs Master’s in Canada – Important documents for application  Documents Required:   Proof of funds as a fee affordability factor  ID proof  A valid passport  Passport-size photographs  IELTS/TOEFL scores  Statement of Purpose- It states the purpose a student applies for a particular course in Canada  Letter of Recommendation- It is provided by a past university and states the applier’s experience and conduct  Academic Transcripts  University Degrees  Source: pixabay What are some important documents requirements for a Canadian study visa?   Documents Required:   A valid passport  Visa application form  Application Fee Receipt  University admission proof  Colored photograph  Health insurance (If any)   Financial statements  English Language Proficiency Test Proof  So, should your child consider a master’s program or prepare for PGDM in Canada? You must have cracked it by now.  FAQs Is PGDM equivalent to Masters's in Canada?  In Canada, PGDM (Post Graduate Diploma in Management) is generally not considered equivalent to a Master's degree.  Which is better master's or PG Diploma?   The choice between a master's and a PG Diploma depends on individual preferences and career objectives. A master's degree typically provides more in-depth knowledge and research opportunities, while a PG Diploma offers specialized practical skills and a shorter duration. Consider your career goals and academic interests to make the best decision.  Is it worth doing PGDM in Canada?  The worth of doing a PGDM in Canada depends on individual career goals, program reputation, and potential job opportunities.  TALK TO AN EXPERT

In the previous article, we discuss how to financially prepare to send your child abroad. In this article, we will discuss what is better for children studying law in the UK or USA 80% of Indian students flock to study in the UK, USA, or Canada for law, MBA, and STEM courses. This is because these countries offer tremendous academic opportunities, a brilliant ROI, and a chance to work globally. Since law is the most popular course pursued by Indians, let’s see which is better - studying law in the UK or the USA for your child.   Law in the USA  The USA is a preferred country for higher education for most of the students in India. It is one of the best choices for studying law because it offers a plethora of dignified universities to elevate your child’s CV. Not only will it improve their communication skills and strategies, but it can also provide them with exposure to different law specializations that other universities may not offer. From moot courts to internships, the exposure offered by Law Schools in the USA is tremendous; this is why these schools have a very low acceptance rate and are highly competitive.    Some of the best law universities in the USA are as follows:  Yale University  Stanford University  University of California, Berkeley  Harvard University  Columbia University  Law in the UK  The UK offers the best environment to work and learn simultaneously. Since the law system is similar to that of India studying here allows you to practice in both countries. Your child can grab opportunities that will help them build connections and work across the globe.   Some of the best law universities in the UK are as follows:  London School of Economics  King’s College London  University of Cambridge  University of Edinburgh  University College London Important parameters to consider while choosing the UK or the USA 1. Living costs  Living Cost is one of the necessities that have to be dealt with. Public transportation is not comprehensive in the United States of America. Hence, the transportation costs go a little because you will have to go for a private vehicle. The situation is better than in the United Kingdom and will cost you less. On the contrary, various activities, including eating out, shopping, and so on, are relatively cheaper than in the United Kingdom. The rents of apartments will vary from one location to the other, so you cannot fix a budget prior without knowing where you are supposed to live.   2. Tuition fees  Tuition fees for a law degree are higher in the United States of America than in the United Kingdom. The best universities offering the degree in regulation in the USA are often private. The best and most prestigious universities in the UK function under the government. The tuition fees in the best universities in the UK can range from around Rs 20,00,000 to Rs 28,00,000, whereas the amount is Rs 40,00,000 to Rs 54,00,000 in the USA.   3. Career planning  If you are drawn towards studying law in the USA, choose the university wisely that allows you to take the bar exam. To practice in the USA, this is a compulsory step. The UK proves to be better for students if they plan to pursue a career right after their education ends. You can study and then start working anywhere in the country. Also, UK universities have strong links with local businesses and legal communities, which will help you get a job immediately. UK’s new post-study visa and student policies have made looking for jobs easier for international students. Reasons why the UK is better than the USA   The UK is considered a popular choice in terms of cost, ease of finding a job and practicing in both your domestic and the UK.  1. Exposure  The classrooms of the United Kingdom have students from various backgrounds and cultures. Hence, it will give you broad exposure to meeting new people and developing skills.  2. No SAT or LSAT  You do not have to present your SAT or LSAT score to the universities to get admission. But this is not true if you go to universities in the USA.   3. Fees  Fees are another crucial factor that determines your budget. The UK is considerably cheaper than the USA, so you can go ahead with the universities in the UK if you are tight on budget.  Analyzing the ROI as well as the cost involved should be the deciding factor in helping your child choose between the UK or the USA for a law degree. Start saving to make sure your financial planning does not stop them from practicing law in their favorite country!  FAQs What are the differences between UK and US lawyers?   In the UK, the legal profession is divided into solicitors and barristers. Solicitors provide legal advice and handle legal matters for clients, while barristers specialize in advocacy and represent clients in court. In the US, there is a unified legal profession where lawyers can handle both advisory and advocacy roles without a formal division, like solicitors and barristers in the UK.   What is the easiest way to get a law degree?   The easiest way to obtain a law degree may depend on individual circumstances and preferences. However, studying law in the UK is often considered relatively straightforward. Undergraduate law degrees in the UK, such as the LLB, typically take three years to complete, which is shorter than the four-year programs in the US or longer combined undergraduate and graduate programs in some countries. While studying law in the UK can offer a focused and efficient path to a law degree, it's important to consider other factors such as career goals, personal interests, and the specific requirements and opportunities provided by different educational systems.  Can UK lawyers practice in the US?   Yes, UK lawyers can practice in the US, but the process varies by state requirements. Generally, UK lawyers need to pass the bar exam in the state they intend to practice. Some states may also require additional educational or training programs for foreign-trained lawyers to qualify for bar admission. Researching and understanding state-specific requirements is essential. Consulting with legal authorities or organizations specializing in international legal practice can provide guidance and support throughout the process.   Which country is better for studying law - the UK or the USA?   The answer depends on individual goals and preferences. If pursuing a legal career immediately after education, studying law in the UK may be preferable. The UK offers a three-year undergraduate law degree (LLB) that qualifies graduates to become solicitors or barristers. If interested in working in the US legal system, studying law in the US may be more beneficial due to the distinct legal framework, laws, and practices. A US law degree may provide advantages in terms of networking and job opportunities for practicing law in the US.   TALK TO AN EXPERT

When it comes to pursuing higher education, the UAE stands as a beacon of academic excellence and cultural diversity, attracting students from all corners of the globe. Dubai and Abu Dhabi are undoubtedly home to some of the best universities in the region, but the soaring tuition fees can be a deterrent for many international students. Fret not, let's delve into the cheapest universities in the UAE, where aspiring students can study without breaking the bank. Affordable Universities in UAE 1. Al Dar University College First on our list is Al Dar University College, a hidden gem that offers undergraduate programs with a surprisingly affordable price range of 900 AED ($200 USD) to 1,200 AED ($300 USD) per credit hour. Despite its pocket-friendly tuition, the university prides itself on maintaining a high standard of education, providing students with valuable skills and knowledge to thrive in their chosen fields. https://www.youtube.com/watch?v=tdwqQH0xkFw 2. University of Sharjah Nestled amidst the vibrant city of Sharjah, the University of Sharjah is a testament to academic excellence with an annual tuition fee for undergraduate programs starting from AED 30,000 (USD $8,170). Renowned for its diverse academic offerings and state-of-the-art facilities, this institution has earned its place as one of the top affordable universities in the UAE. Start Saving for Child Education in UAE 3. Manipal Higher Education Academy Another institution that shines brightly on the spectrum of affordability is the Manipal Higher Education Academy. With an average annual tuition fee for undergraduate programs ranging between 37,000 AED and 50,000 AED, this university blends affordability with a commitment to delivering a well-rounded education that prepares students for their future careers. Affordable Universities in Singapore Read More 4. Amity University Dubai Amity University Dubai is a beacon of hope for those seeking a budget-friendly yet quality education. With an average annual tuition fee for undergraduate programs between 40,000 AED and 60,000 AED, this university offers a plethora of academic options, ensuring that students find their passion and purpose. 5. American University in the Emirates For those aspiring to an American-style education with a twist of Arabian allure, the American University in the Emirates is an ideal choice. With an average annual tuition fee for undergraduate programs ranging from 42,000 AED to 84,000 AED, this university stands as a testament to diversity and academic innovation. Affordable Australian Universities Read More 6. Islamic Azad University U.A.E. Branch Seeking a fusion of Islamic values and modern education? Look no further than the Islamic Azad University U.A.E. Branch. With an average annual tuition fee for undergraduate programs between 45,000 AED and 90,000 AED, this institution strikes a harmonious balance between traditional values and contemporary knowledge. 7. The British University in Dubai Last but not least, The British University in Dubai offers a taste of British education with a splash of Arabian allure. With an average annual tuition fee for undergraduate programs ranging between 56,000 AED and 63,000 AED, this university attracts students from diverse backgrounds who seek a world-class education with an international perspective. Scholarships and Financial Aid It is essential to remember that the tuition fees mentioned above can vary depending on the program and level of study. Moreover, many of these universities offer scholarships and financial aid packages to ease the financial burden on international students. Before finalizing your decision, it is highly recommended to explore these options and reach out to the university's admissions office for more information. Whether it's studying in UAE or UK, the cost of studying abroad is enormous. A simple application form can cost you nearly 30,000 rupees. An IELTS online exam is nearly 15,500 for every candidate. This is just the start; the actual tuition and accommodation might make you reconsider your plans. It's time to make education affordable again, it's time to invest in it!  Talk To An Expert

India is home to some of the best colleges and universities in the world, and Delhi and Mumbai are two of the most popular cities in India for students. With a plethora of colleges and universities in both cities, students have a wide range of options to choose from. However, one of the biggest factors that students consider when choosing a city to study in is affordability. In this article, we will delve deeper into the cost of education in Delhi and Mumbai and help you determine which city is best for affordable education. https://www.youtube.com/watch?v=tdwqQH0xkFw Deciding Between Delhi and Mumbai for Studies Tuition Fees Tuition fees are one of the biggest expenses students incur during their education. In Delhi, the tuition fees for top universities and colleges are generally lower than in Mumbai. For example, the annual tuition fee for Delhi University ranges from Rs. 10,000 to Rs. 30,000, while Mumbai University charges an annual fee ranging from Rs. 20,000 to Rs. 40,000. Similarly, the Indian Institute of Technology (IIT) in Delhi has an annual fee of Rs. 2 lakh, while the IIT in Mumbai has an annual fee of Rs. 2.2 lakh. This means that students can save some amount of money on tuition fees if they choose to study in Delhi. Accommodation The cost of accommodation is another crucial factor that students consider when choosing a city to study in. In Delhi, the cost of PGs and hostels is generally lower than in Mumbai. An average PG in Delhi costs between Rs. 8,000 to Rs. 15,000 per month, while in Mumbai, the rent for similar accommodations ranges from Rs. 10,000 to Rs. 20,000 per month. Similarly, the cost of a one-bedroom apartment in Delhi ranges from Rs. 10,000 to Rs. 20,000, while in Mumbai, it ranges from Rs. 20,000 to Rs. 40,000. This means that students can save a significant amount of money on accommodation if they choose to study in Delhi. Transportation The cost of transportation is also an important consideration for students. In Delhi, the public transportation system is more affordable, and the cost of a monthly pass for Delhi Metro ranges from Rs. 800 to Rs. 1,500. In Mumbai, there is also a public transportation system, but the cost of Mumbai Local and taxis is generally higher than that of Delhi. Similarly, the cost of owning a car in Mumbai is higher than in Delhi. According to a study by ICICI Lombard, the cost of owning a car in Mumbai is around 11% higher than in Delhi. This means that students can save a significant amount of money on transportation if they choose to study in Delhi. Cost of Living The cost of living is another crucial factor that students consider when choosing a city to study in. In Mumbai, the cost of living is generally higher than in Delhi. According to the Cost of Living Index released by Numbeo, the cost of living in Mumbai is 16.24% higher than in Delhi. Similarly, the cost of food and groceries is also higher in Mumbai than in Delhi. According to the same report, the cost of groceries in Mumbai is 16.01% higher than in Delhi. This means that students can save a significant amount of money on living expenses if they choose to study in Delhi. Scholarships and Financial Aid Both Delhi and Mumbai universities and colleges offer scholarships and financial aid to students. Delhi University offers merit-based and need-based scholarships, while Mumbai University also offers similar options. Similarly, IIT Delhi and IIT Mumbai also offer scholarships and financial aid to eligible students. Students can apply for scholarships and financial aid to offset their education costs. Conclusion As we have seen, Delhi and Mumbai are both great cities for students who are looking for an affordable education. While Delhi is generally more affordable than Mumbai, students should consider their budget, financial situation, and the college they want to attend before making a decision. Students can save a significant amount of money on tuition fees, accommodation, transportation, and living expenses if they choose to study in Delhi. However, Mumbai also offers a range of excellent colleges and universities, and students can still obtain an affordable education in this city with careful planning and budgeting. Ultimately, it is up to the individual student to decide which city is best for them based on their unique circumstances. Talk To An Expert

If you like 62% of Indian parents want their children to go abroad for higher education then reading this checklist to send your child to study abroad, is a must! Let's delve right into the checklist that will help your child achieve their dreams! Checklist for sending your child to study abroad to make life simpler 1. Understand your child’s career goals!  Knowing what your child wants to study and where they want to pursue their dream career can help you plan wisely. Talk to your children, and try and understand what courses they are interested in. If your child is confused, you can always approach an education counselor. Research the course they want to take and try to understand its scope in the market.    2. Choose the right education system  Choosing a proper education system holds paramount importance for your child’s career. When the education system is relevant enough, it gets easier to understand the career prospects of the respective course. Choose a country whose education system aligns with your child’s needs and requirements. For instance, the best country for STEM courses is the USA, and if your child is interested in pursuing this path and saving for higher education in the USA can help fast-track their careers! Thus, conduct proper research to consider ROI, curriculum, research, facilities, etc.   Financial planning for studying abroad Read More 3. Career counseling helps If you find planning and strategizing your child’s education challenging, you can refer to a career counselor for expert advice. For instance, if you and your child are confused about which is the better country or university for studying psychology, you can approach a career counselor who can guide you better.   4. Shortlist the countries and universities   If you know your child has an interest in studying finance, then it's time to shortlist the best countries and universities that have the infrastructure to build a good career. This step helps you understand the cost involved, and the future career pathway as well as gives you the chance to study indices like lifestyle, cost of living, job opportunities, etc.  Source: pixabay 5. Future fees and accommodation cost  Tuition fees and accommodation are the two biggest recurring expenses. It’s important to budget well and save for these expenses. Tuition fees can be very costly, but your child can save up on them by applying for scholarships, getting grants, or fellowships. In terms of accommodation, it’s cheaper to live on campus than in off-campus facilities. It also saves money to share your living space than renting it alone. Your budget should also include food, travel, health coverage, etc.  Miscellaneous expenditures can dismantle your financial planning, so keep some extra money.  How to build a strong support network while studying abroad? Read More 6. Consider the cost of entrance exams  Once you have chosen the correct country and institution, read and understand the entrance pathway. Certain universities require students to sit for entrance exams like IELTS, GMAT, TOEFL, GRE, etc. Make sure your child prepares in advance for it. There are application fees for taking these exams that can be expensive so keep the cost in mind while creating a plan of action.  7. Build a plan of action  Once you know where you want to send your child to study, it’s time to start planning for the expenses! Get to know the details of the countries and the best institutions. From the application fees of every university to the cost of entrance exams, tuition fees, accommodation visa costs, and flights, there is a list of expenses that you need to take into account before your child even leaves for university.    Cost of studying abroad vs Cost of studying in the home country Read More 8. Visa process  Visa is the last step in the admission process! Once your child has her/his acceptance letter that’s when the visa process begins. Student visa application can be hefty so it’s important to consider the cost and prepare for it in advance. To apply for a visa, your child must own a passport valid for at least six months from the date of application. You must visit the office with your documents, passport-size pictures, and a duly filled form.   9. Consider their safety  Safety is yet another significant concern of all parents. From finding them safe and secure accommodations to giving them an emergency fund. As parents, your desire to ensure your child’s welfare is your priority.   10. Prepare your child financially  It is a tough emotional decision to send your child abroad. You might not get to meet your child for quite some time and cannot guide them constantly. Your child will be responsible for a host of chores like paying bills, managing their houses, cooking, and budgeting. This is your chance to teach your child money management, and how to budget their expenses and spend well rather than carelessly. Having a conversation about money management and budgeting is extremely important and can help your child build healthy financial habits.  There are a host of activities you need to consider before sending your child abroad. At the center of them, all is finance. Budget your finances well so that your child can have the best opportunities to kickstart their career!  FAQs How can I send my child abroad? Did you know that more than 62% of Indian parents want their children to study abroad, out of which 44% want their children to learn in the USA? Studying abroad is a stepping stone to success and a better lifestyle, but there are certain factors you need to consider before sending your child abroad. Talking to education counselors would be a great start if you’re planning to send your child abroad.   What are the disadvantages of studying abroad? Studying abroad can be expensive. Apart from tuition fees, accommodation costs can burn a hole in the pocket. Students will have to deal with homesickness as it won’t be easy to visit home frequently. They must work part-time while studying to reduce daily expenses. These are some of the challenges that students may face while studying abroad. Is studying abroad worth it compared to India? Studying abroad has several benefits. It gives students global exposure and allows them to interact with people from different cultures. It also provides students an opportunity to be involved in research and development, which may be difficult to find in India. Although studying abroad may seem to offer lucrative opportunities, there are many challenges along the process. Assess the advantages and disadvantages of both options (studying abroad and studying in India) before making a decision. Should I send my child to study abroad? Studying abroad is a stepping stone to success and a better lifestyle, but there are certain factors you need to consider before sending your child abroad. A few of them include:   Understand your child’s career goals   Choose the right education system   Take the help of career counselors   Assess future fees and accommodation costs   Build a plan of action   Consult an expert advisor to get the right plan for you TALK TO AN EXPERT

In the previous article, we discussed can we really do MBA in the UK for under Rs 25 lakhs. In this article, we will talk about how much to save for MBA in the USA for your child. The USA is the number destination for MBA but this course comes at a high price! Most MBA universities charge thousands of dollars in tuition fees and on top of that, there is the cost of living but there are many ways to reduce these costs. From scholarships to fee waivers to exploring savings opportunities, here is how much to save for your child’s MBA in the USA!   What is the cost of applying to study in the USA?  Before you start putting together the list of things your child will need for the overseas trip, here are a few things for you to consider. Prior to applying for admission to any of the universities in the USA, these are the expenses you must allow for:   CategoryAverage Amount (in INR) USA Visa Application0.12 lakhsSEVIS Fee0.27 lakhsTOEFL Exam Fee0.13 lakhsIELTS Exam Fee0.15 lakhsGMAT0.19 lakhsGRE0.16 lakhsAirfare0.45 lakhs to 0.85 lakhs  Add to this the cost of coaching and counseling required to crack the above-mentioned exams with good scores to enable you to get into the university of your choice. Planning for your MBA studies overseas must start at least a year and a half in advance. Check the intake period of the various institutes and ensure the applications and paperwork submission is aligned to the same.  Hidden Cost of Education in the USA Read More MBA fees in the USA  Once you have initiated the necessary exams and eligibility procedures, the search for the university that fits into your budget begins. MBA courses in the USA range from one year full-time to 2-3 years part-time or online programs. The average fee for an MBA course from a reputed university typically costs around USD 60,000 and can go up to USD 100,000 for the Ivy Leagues.   This translates into Rs. 45 lakhs to Rs. 75 lakhs in terms of tuition fees. Further depending on the university, the location, and the individual lifestyle of the student, the annual expenses can range from Rs. 13 lakhs to Rs. 40 lakhs.   As you can see, if you are looking to send your child to the USA to pursue an MBA, you will need to cough up approximately Rs. 1 crore for the entire duration of the stay. This can be backed up by part-time jobs, campus jobs, and of course, scholarships offered by the universities, the US government for international students, and also independent scholarships offered to Indian students.   source: pixabay How to create a financial plan for an MBA in the USA for your child?  In light of the corpus required to do the MBA in the USA, planning your funds well in advance will help your child pursue this dream with ease. Here are a few tips that can help you get started early as you make plans for your child’s MBA studies in the US:  1. Start a college fund as soon as you decide on this goal: ideally having a 10-15 year investment duration is great. If you don’t have this time, start immediately as the corpus you will need is substantial.   2. Depending on the time horizon of your investment, here is how you will need to invest:  Long-term (10 – 15 years duration): High-risk and high-return investment in equities  Mid-term (7 – 10 years duration): Balanced investment portfolio with 65% in high risk, rest in debt instruments   Short term (3 – 7 years duration): Low risk, secure, low returns investment in debt instruments. The key is to keep your capital safe and your investments high. You can develop a more refined approach to investing with the help of professionals who understand your financial situation as well as your financial goals.  3. Follow a disciplined approach to your savings and investments.   4. Take the benefit of compounding growth of investment when you start early and do not dip into the college fund. Protect this fund as the dates for admissions are fixed and falling short of the required amounts will mean you may have to compromise on the institute/course that the child is opting for.   5. Regularly monitor your investments and realign these to ensure the corpus is building up towards your target amount.   6. Keep a watch on the universities that you plan to apply to, and watch the changes in their international student policies and fees.   7. Start your research early for the scholarships available, tracking eligibility and ensuring your child achieves the academic scores needed to apply for these, should the need arise.   Sending your child to the US for higher studies is a serious and long-term project. Start early and stay on top of the funds. This will make the entire experience of overseas travel and study a truly enjoyable one for your child and your family! FAQs How much money is needed to do an MBA in the USA? Pursuing an MBA in the USA is expensive; it is listed as one of the most expensive courses in the world while the USA is considered the most expensive student destination. The average fee for an MBA course from a reputed university typically costs around USD 60,000 and can go up to USD 100,000 for the Ivy Leagues.   This translates into Rs. 45 lakhs to Rs. 75 lakhs in terms of tuition fees. Further depending on the university, the location, and the individual lifestyle of the student, the annual expenses can range from Rs. 13 lakhs to Rs. 40 lakhs. How much does an MBA cost in the USA for Indian students? The average fee for an MBA course from a reputed university typically costs around USD 60,000 and can go up to USD 100,000 for the Ivy Leagues.  This translates into Rs. 45 lakhs to Rs. 75 lakhs in terms of tuition fees. How long is a full-time MBA in the USA? Full-time MBA in the USA is 2 years. The cost of pursuing an MBA in the USA for Indian students is Rs. 45 lakhs to Rs. 75 lakhs in terms of tuition fees. TALK TO AN EXPERT

Before you ask your friends and family whether your child can study for an MBA in Canada for under Rs 40 lakhs, you must first understand the different kinds of costs involved from the application process to flying your child to his/her dream university.   What is the average cost of studying in Canada?  This query is a fairly common and reasonable query many parents harbor: What is the cost of studying in Canada? While the cost varies based on your university, province, course as well as lifestyle, the average cost of studying is around CAD 20,000 to CAD 30,000! This cost is increased every year due to the growing demand and influx of international students to Canada. The high cost is also because of the marring effects of education inflation.   https://www.youtube.com/watch?v=x9B8449Iuw4 Why pick Canada for MBA?  This is because Canada offers the accredited and highest ROI offering- MBA programs. In terms of cost, MBA in the USA can cost you up to Rs. 50 to 1cr, while MBA in the UK from a top university can cost you Rs. 75-50 lakhs. Most of the UK’s popular universities are located in London which exponentially increases the cost of living for international students. Then there is Canada, the costs range wildly from Rs. 30 lakhs to Rs. 1 cr., depending on the university your MBA.   When you are shortlisting countries for higher studies, you must consider the cost of living, the ease of picking up a part-time job, the chances of obtaining a work permit, and how convenient it is to apply for a Resident Visa while the student is there. Canada is ahead of USA and UK in terms of lifestyle, ease of permanent residency, and work permit.  GET 100% FINANCING FOR CANADA! https://www.youtube.com/watch?v=k8c_dfmXMkA Types of MBA offered by canadian universities  Another reason to study MBA in Canada is that its universities offer part-time MBAs, full-time MBAs, Executive MBAs, and also online MBAs. Each of these degrees is well accepted in international business circles and families must check the location, ranking, and placements of the institute while shortlisting the final ones. Some courses offer one-year programs which means your child can join the Canadian workforce after completing their graduation.   Source: pixabay How is MBA in Canada under Rs. 40 lakhs possible?  There are over 40 recognized universities offering MBAs in Canada. Here we list some of the universities where you can pursue an MBA in Canada under Rs. 40 Lakhs - the Memorial University of Newfoundland, University of Calgary, University of Victoria (Double Masters), University Canada West, Vancouver Island University, New York Institute of Technology - Vancouver Campus.   One basic rule of thumb while looking for more affordable MBA options in Canada is central and Western Canadian universities are a better bet than the ones on the East Coast and the ones that are closer to the US. Many of these universities offer MBAs in a host of subjects ranging from General Business Administration and Finance to International Business and Entrepreneurship. If you are looking for a good university degree, that is followed up by a great work opportunity, most of these names are a good bet.   The course duration ranges from one year to 20 months to two years, depending on the format you choose. Most Canadian university classes are scheduled to allow students to work for 20 hours along with their studies and support their finances.   There are scholarships available to international students offered directly by the universities, and others offered by private trusts, that can support a student through the two years of an MBA.   Coming back to the question that we began with when parents ask us, Can my child study an MBA in Canada for under Rs. 40 lakhs, our answer is a resounding yes. Just do your research, start saving early, and ensure the student checks all the academic boxes and is focused where his / her study is concerned.   How you can save Rs. 40 lakhs for your child’s MBA in Canada?  Here are some simple ways to save Rs.40 lakhs  Start early  Budget your expenses and make a savings plan  Embrace all financial investment options like FDs, Gold, Mutual Funds, PFP, ETFs, etc  If you have over 5 -7 years in hand before your child leaves the country, invest in growth-oriented instruments. If your investment horizon is 4-5 years or lesser, put your money in debt-based instruments. Check on the lock-in periods and returns. Guard your corpus fund, do not dip into it during emergencies. Constantly monitor your investments and check the changing fees rates and rules of admissions in the universities of your interest.   Do this regularly, and in due course of time, you will have the corpus you need to fly your child out to Canada to do an MBA under Rs. 40 lakhs. Happy planning and saving! FAQs Why pick Canada for MBA?  This is because Canada offers the accredited and highest ROI offering - MBA programs. In terms of cost, MBA in the USA can cost you up to Rs. 50 to Rs 1 Cr, while MBA in the UK from a top university can cost you Rs. 75-50 lakhs. What is the cost of studying MBA in Canada? While the cost varies based on your university, province, course as well as lifestyle, the average cost of studying is around CAD 20,000 to CAD 30,000! This cost is increased every year due to the growing demand and influx of international students to Canada. The high cost is also because of the marring effects of education inflation.   What are some Canadian universities that offer MBA under Rs. 40 lakhs? There are over 40 recognized universities offering MBAs in Canada. Here we list some of the universities where you can pursue an MBA in Canada under Rs. 40 Lakhs - the Memorial University of Newfoundland, University of Calgary, University of Victoria (Double Masters), University Canada West, Vancouver Island University, New York Institute of Technology - Vancouver Campus Consult an expert advisor to get the right plan for you TALK TO AN EXPERT