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Is your child about to finish 12th this year? The question that which is the best bachelor's degree in India may have crossed your mind a dozen times.   India’s educational landscape has involved the years with thousands of esteemed universities and colleges for your kid to choose from. Let’s look at some of the best bachelor's degrees in India that your child should consider!    Based on the field of study, bachelor's degrees can take three to five years to complete in India. For instance, bachelor's degrees in the arts, business, communications, and sciences normally take three years to finish, whereas those in engineering, pharmaceutical science, and technology take four years to complete, and those in architecture, medicine, or surgery take five years.   Different programs, institutions, and applicants will have different tuition costs. Depending on financial needs or academic accomplishments, scholarships may be offered to help with costs. If you believe that enrolling in a bachelor's program in India could be the next step in realizing your kid’s career objectives, continue reading to learn more about the fantastic bachelor's options offered by Indian colleges and other educational institutions Popular bachelor's degrees in India 1. MBA/BBA Management in an organization or corporation is a term used to describe a person who plans and organizes the work of personnel. So, unless you are the type of individual who enjoys or believes that they can properly plan, organize, choose staff, lead or direct, and control an organization to achieve different objectives, management classes can give you guidance to achieve various objectives by making efficient and effective use of human and financial resources.   The top colleges for studying BBA are   Loyola College   Delhi University   University of Mumbai  Christ University  Amity University  2. Engineering Engineering is the use of mathematics, empirical data, and scientific, economic, social, and practical knowledge to design, develop, maintain, research, and enhance organizations, machines, tools, systems, components, materials, processes, and systems. Many scientific students choose it as one of their top programs after completing their 12th-grade education since it leads to the highest-paying job in the world.  The best college for studying engineering in India are:   IITs  NITs  VIT Vellore  Jadavpur University  Anna University   3. Computer Application Computers are becoming an essential component of education as well as the young (student) generation's lifeblood. Computer systems are getting more and more accessible, and the information technology sector is increasing and rising along with it. The term "system software" refers to computer software that is created to carry out a number of synchronized tasks and operations for the consumer. In order to understand how to use the technology, computer application students mostly study those software packages.  The best college for studying computer applications are:   NITs  Birla Institute of Technology   Christ University  Jawaharlal Nehru University   Delhi University 4. Hotel Management  Always questioned how similar opulent hospices, resorts, and elegant outfits operate and coordinate similar massive structures without a hitch. hostel operation is the operation of the hospitality assiduity's service division with an emphasis on meeting the conditions of its guests. The hostel's general director is the top superintendent in charge of running that hostel or a connected business. Being the director of a voyaging boat would also give you the chance to sail.  The best colleges for studying hotel management are:   Institute of Hotel Management, Lucknow  Heritage Institute of Hotel and Tourism   KR Mangalam University  Amity University  5. Fine Arts Fine Trades Fine art is distinguished from applied art by being created purely for aesthetics or beauty rather than having to have some practical purpose. Fine art generally consists of imaginative graphic displays that are valued for their aesthetic, intellectual, or imaginative rates. Fine trades include effects like oil, form, armature, music, poetry, photography, film, videotape products, theatre, and cotillion. This field is for you if one or further of these formats allows you to express your feelings more effectively or inspires or fascinates you.   Here are the best colleges for studying fine arts in India:   Jamia Millia Islamia  Sir J J Institute of Applied Arts  Government College of Fine Arts  Aligarh Muslim University  College of Art, Delhi  6. Nursing Nursing, which is described as the profession of minding for cases, families, and societies so that they can heal from illness, is further than just a job. The foundation of the health sector, nurses are essential to the smooth operation of the entire assiduity. The need for healthcare is global, so the range of nursing is veritably broad. As a nurse, you will have the capability to help individuals in a variety of ways, from minding for new maters to offering advice to cases who are meaning self-murder. One of the stylish nursing seminaries in India is RAK College of Nursing in Delhi and CMC Vellore College of Nursing. In recent times, India has come the country that exports the most largely good nurses.  Here are some of the best colleges for nursing:   AIIMS, Delhi  Armed Forces Medical College  King George's Medical University  Madras Medical College  Dayanand Medical College & Hospital With the cost of education increasing every year by 5-6% across the globe, the need to start planning your child’s higher education is unavoidable!   Universities and the education world are no strangers to inflation. In fact, the educational sector has witnessed an unprecedented increase in tuition fees and living expenses. To ensure your child’s dreams are not crushed under the weight of inflation, you need to start planning and saving for their future right here!   Consult an expert advisor to get the right plan TALK TO AN EXPERT

Are you worried about your children’s higher education? Read this article to find the best bachelor’s degree for your kid.  You might know a lot of good options but don’t know which one to opt for. Bachelor in Business and Management  A bachelor's degree in business and management is the best choice if you see an entrepreneur or businessperson when you look in the mirror.  There are up to 11,000 study possibilities in the broad area of business and management. It makes sense that this is one of the most sought-after Bachelor's disciplines given the wide range of options available.  Business administration, marketing, finance, and accounting are some of the most popular areas of study within this field, and after earning your degree, you can find work as a manager, market researcher, accountant, tax consultant, and financial inspector, among other positions. Bachelor in Electrical Engineering  It is not surprising that we include two specialties in engineering on our list given that engineering is a complicated profession that encompasses everything related to invention, design, construction, maintenance, and research.   Your ability to work with just about any system that uses electrical energy, including gadgets and digital devices, will be enhanced by studies in electrical engineering. And let's face it, who wouldn't want a degree that essentially exhorts them to never try looking up from their phones again?  It is possible to work as an aerospace engineer, broadcast engineer, network engineer, and of course as an electrical and electronics engineer in the telecommunications, media, aerospace, and broadcasting industries by pursuing higher studies in electrical engineering. Bachelor in Civil Engineering and Construction  Given that cities have developed into crowded population centers, civil engineering and construction are more important than ever. With this type of Bachelor's degree, you might work as a sustainable counselor, design engineer, or even as a consulting and contracting civil engineer. Bachelor in Computer Science and IT  Considering that practically every sector uses or is touched by digital technologies, we assume you are not shocked to see computer science and IT on our list. While IT focuses on developing networks & databases and maintaining computer systems, computer science is more concerned with programming & software.  Once you graduate from college, you should consider careers as a data analyst, IT consultant, technical support specialist, systems developer, or game developer. Bachelors in Medicine  Doctors always are going to be needed. And when we started this, I don't believe we completely blew anyone's mind. With our 6,000 programs, we can demonstrate that medicine will always be in style.  A Bachelor's in Medicine takes your dedication for at minimum 5–6 years, but it is worth it in the long run. Along with private hospitals and clinics, the government will provide you with employment opportunities. You should be aware that, in addition to human medicine, physiotherapy and nutrition & dietetics are two fields that are becoming more and more enticing.  The rising obesity prevalence in the population and the escalating posture issues among office workers are directly related to the rising demand for nutritionists and physiotherapists.  Kids, don't forget to exercise. Just refrain Bachelors in Architecture  Another discipline that takes time and commitment but pays off when you finish and enter the employment market is architecture.   Developers of real estate and local governments are always in need of architects, interior designers, and urban planners. And the study selection (which includes over 60,000 Bachelor's programs) reflects this.  Bachelors in Design  A subject with over 2,500 specialized programs, including Graphic Design and Interior Design, goes by the umbrella title of "design." A designer degree is certain to fulfill you, regardless of the program you select. Jobs in design are imaginative and well-paid. The majority of students choose to study design in nations like Spain, Denmark, and Italy.  Bachelor in International Relations  We may say if there is one field of social sciences that is rising in popularity, it is international relations, which offers more than 1,200 Bachelor's programs.  This is due to the fact that the field combines elements of political science, economics, and diplomacy. You can work as a public research officer, public affairs consultant, diplomat, or public relations specialist with knowledge and experience in these fields. Australia, the United States, and Switzerland are the best countries to pursue a bachelor's degree.  Consult an expert advisor to get the right plan TALK TO AN EXPERT

Financing an MBA is a significant worry for any MBA candidate during the GMAT prep and planning phase. For instance, MBA admission in India might cost anything from Rs 5 to 20 Lakhs - a sum large enough to make students think about and arrange their money. But money should not be a barrier to anyone getting into their ideal B-school. So, it's time to make that goal a reality through various investment choices to assist in savings for education. https://www.youtube.com/watch?v=peDFdmed0Nw Options to finance your MBA in India PPFs - The PPF is a long-term investment savings plan with a lock-in duration of 15 years, known as the maturity period. PPF accounts are a safer way to invest and receive a greater interest rate which can help to manage MBA education costs. Mutual Funds - The benefits of investing in mutual funds include that the underlying stocks/securities are adequately diversified and managed by experienced fund managers who have skills in picking them. Life Insurance Products - A term life insurance policy is the most cost-effective approach to safeguard everything and everyone in your life, even the funds you're putting down for your child's school. A life insurance policy is an unutilized tool to pay for MBA education costs. Early Start of Savings - The earlier you begin saving money, the more time earnings have to accumulate, and the more money you will have 18 years later to manage MBA academic costs. Education Loans - An MBA education loan in India is also the simplest way to cover the high cost of your MBA program. You can choose from a range of MBA education loan options. Create Goal for Child Education Why is MBA funding an important factor to consider? It is impossible to complete your MBA degree without determining how to pay your tuition and other fees that you will incur over two years of study. Even FMS's cheapest MBA program now costs about 2 lakhs. IIMs already have exorbitant fees ranging from Rs.13 lakhs to Rs.24 lakhs.  On top of that, practically all major MBA institutions have raised their MBA tuition.  If you follow a well-planned and well-thought-out process, you will not only be able to fund your MBA education at prominent colleges but also save a lot of money during your studies. Almost 80% of MBA students in India take out MBA education loans to achieve their aspiration of earning an MBA. As a result, arranging and acquiring your Education Loan for MBA/PGDM in India is just as vital as getting accepted. Before we can look at funding choices for your MBA, we need to know the fees for top MBA institutions like IIMs and other top B-schools, and then we can determine whether you need an IIM Education loan for an MBA or another B-school. Fee structure of IIMS and top MBA colleges Let's have a look at the MBA college prices. Given their exorbitant tuition, it is evident that pursuing an MBA program at IIMS or other top B-schools in India without an MBA education loan is tough. Mba college fees vary greatly depending on the type of b-school and often rise by 5-7% yearly. There are MBA institutions with high and moderate fees; however, there are also many top MBA colleges in India with inexpensive fees and good placements, such as FMS Delhi, Pumba Pune, UBS Chandigarh, and Simsree Mumbai. The current MBA fee for IIMS is between Rs 12 lakhs and Rs 23 lakhs, while the MBA fee for top PGDM b-schools such as XLRI, MDI, and SPJIMR goes between Rs 15 lakhs and Rs 23 lakhs. An MBA from most of India's top 10-20 b-schools would cost between Rs 12 lakhs and Rs 23 lakhs. Worry not if you have a limited budget for your MBA fees. MBA tuition for top colleges  The best MBA institutions in India and their cost structure are listed below: MBA colleges with fee structure Conclusion Financing an MBA is a major worry for any MBA candidate. To guarantee that the available funds do not fall short of the needed funds to manage education costs, parents should prepare ahead of time and begin saving and investing as soon as feasible. There are also several governments and commercial lenders that provide MBA education loans. TALK TO AN EXPERT

Duke University is an innovative institution that helps students to become productive, responsible, forward thinkers, with vibrant and interactive personalities.  Parents dream of sending their children abroad for higher studies but often lack the funds to do so. The task of arranging the necessary funding is difficult, no doubt, but not impossible. Go through the following blog to know “how to save to send your child to Duke University” The cost of studying at the Duke University Duke University offers several study courses in fields like engineering, medicine, business, finance, science, dental, etc.  The undergraduate tuition fees at Duke University for the academic session 2022-23 are around $60,435 (nearly INR 48 lakh) and fees for room, boarding, recreation, and other activities are $18,903 (nearly INR 15 lakhs). The total cost amounts to $79,338 (nearly INR 63 lakhs).  In its endeavor to boost intellectual strengths and a sense of commitment amongst the students so that they come out stronger and brilliant, the university offers financial support to 51% of undergraduates and 70% of postgraduates.  Students from households that have a total income of $60,000 (nearly INR 47 lakh) or less per year are eligible for financial aid that includes full tuition, accommodation, and boarding fees. Other support systems include monetary aid from individuals, foundations, etc. How to save to send child to Duke University 1. Factor the cost The average cost of studying at Duke university is now known to you. Factor in the rising cost of inflation and how many years you have until your child is ready to enroll in the university. Once you know the amount you need to save and the amount that you can put aside from your income, you can focus on the various investment schemes that will provide the best returns within your schedule.  With help of a college savings calculator, the education counselors on the Edufund App can determine the cost of education and create a customized education plan for the child backed by data and research. 2. Look at the investment options a. Child education plans Look at the child education plans available in the market to secure your child’s goal. Invest in child insurance plans marketed by different insurance companies. Identify the tax-saving investment schemes that will allow you to save under Section 80C of the Income Tax Act 1961. The child education plans help to create a financial cushion and avoid any financial burden.  If you are an early investor, start saving for the long-term as it will yield higher returns.  b. Balanced funds and growth funds Balanced funds and growth funds are structured savings plans accessed through unit trusts and education policies. These are some of the best investments for a child’s education. c. Mutual funds  The child education products marketed by mutual funds will keep up with education inflation with lesser risk and higher returns on investments. SIP in any equity mutual fund is one of the best options to invest and save for the child’s education. Opt for a direct plan as it cuts down the intermediaries and adds to your investment or through a fund house for assured gains.  Invest through the Edufund app which has access to 4000+ direct mutual funds at zero commission and no hidden charges.  d. Fixed deposits If you are looking for safe and secured deposits then opt for FDs as they yield 5% to 7% interest.  e. Take the assistance of a financial expert Financial experts have the right tools at their disposal to create a personalized financial plan that will prove helpful in investing and saving the required money in the best possible manner.  The SEBI registered investment advisors associated with the Edufund app have tools like the SIP calculator and 128-SSL security to ensure safe investments that will yield the highest possible returns. f. Financial aid programs As a parent, you are saving and investing to send your child to Duke University but keep in mind the various financial aid programs that can make the child’s journey much easier. Identify the scholarships, grants, and bursaries that you can apply for. Duke University has several benefit programs in place hence be vigilant and keep a tab on them.   Conclusion Once a parent is aware of the steps needed for “how to save to send your child to Duke University”, the task becomes much easier. Parents need to save and invest to provide for future education fees so that the path remains smooth. Right investment and proper financial planning are the right way to secure a child’s future. Consult an expert advisor to get the right plan TALK TO AN EXPERT

Masters in Finance Vs MBA in finance - Which one of these is the most profitable? Let’s find out. From international career goals, “Masters in Finance is expected to surge by 10% by 2026”- as per the US Bureau of Labor report. According to it, the country will soon encounter 773,800 jobs in the same sector. MBA in Finance degrees are usually apt for students aiming for managerial roles. It involves several interests like management, marketing, accounting, and leadership. At the same time, a master's in Finance focuses on gaining expertise in a single aspect in detail. The blog will help figure out the best one from the growth perspective Masters in Finance vs MBA in Finance – Overview Masters in Finance  The course focuses on finance and related aspects. It would be ideal for students seeking a detailed understanding of financial theory, mathematics, quantitative finance, markets, investments, and financial reporting. It teaches students how to draft and analyze financial reports. It is intended for students eying full-time expertise opportunities. MBA in Finance MBA prepares students to pursue entrepreneurship by covering the aspects mentioned above. A student can apply either for a full-time or part-time MA degree. To get better at it, individuals require good experience. In contrast, MA does not require detailed partitioning. The difference between MBA in Finance and a master’s is that the first ensures a broader view of business management while the latter calls for functional expertise. Course duration and costs Masters in Finance One can earn a Masters's degree within a year. To talk about costs, Masters’s in Finance stands economical to MBA in Finance degree. The total cost of an MA in Finance is around 8-16 lakh/year.  MBA in Finance An MBA degree is generally of 2 years. The total costs of the program could lie at an average of 16-24 lakh/year. If you are thinking about pursuing MBA, factor in the course costs as per duration; save early. You can pursue MBA along with a job, while MA demands clear dedication. One does not get much exposure to practical assessments and learning here. Masters in finance vs MBA in Finance: Skills required  Masters in finance  To excel in the industry, one must nail a few skills. These include- Analytical Thinking leadership and management Organizational Time Management Technology  Numeracy skills Out of these, leadership management and Technology are the most demanding skills in recent times. To excel, a student must share sound skills in tracking financial trends. MBA in Finance MBA is a diverse field and calls for overall leadership development skills. Apart from this, you would gain the following skills Business intelligence Financial Modelling Cash flow management Risk analysis Data management Financial Reporting Analytical thinking One of the most demanding skills in an MBA in Finance is Analytical Thinking. The course is apt for you if you are good with numbers and possess an inquisitive mindset with analytical abilities. Masters in Finance vs MBA in Finance - ROI & Job opportunities Masters in Finance Master of Finance Students have diverse options to choose from after course completion. One can pursue any of the below niches: Financial Manager, CFA (Charted Financial Analyst), Financial Advisor, Management Consultant, etc The average salary of a Finance Analyst in 2022 is approx INR 38 LPA. One can kickstart their career with some prominent firms like Deloitte, EY, Boston Consultant Group, Citibank, etc.  It is worth eying international career or job opportunities, particularly in Europe, Canada, and the US. Additional read: Education loan vs self-finance MBA in Finance Top 5 job titles: Wealth and Portfolio Management  Corporate Financing Investment banking  Financial Consulting Merchant Banking  Out of these prominent managerial roles, Investment banking shares the highest ROI in MBA in Finance. How to choose the best career option?  While making a choice, factor in the aspects mentioned above along with interest, knowledge, and passion. Begin by fine-tuning your short and long-term career goals. If gaining expertise in management and strategy piques your interest, MBA is an apt option.  As opposed to this, if you aim at a specific specialization in a subject, MA suits the concept better. In case of confusion, it is better to tap an expert. Edufund helps individuals figure out the right career narrowing down the choices. Furthermore, the experts align those choices with future career opportunities. It helps a student choose an apt direction in their career and succeed. Consult an expert advisor to get the right plan TALK TO AN EXPERT

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

New Zealand is one of the ideal educational destinations for students pursuing their MBA degree as it offers a wide range of academic choices, MBA specializations, high-quality education, affordable fee structure, and sustainable job prospects.  An MBA in New Zealand is a wise career move as the globally recognized degree can get students the desired job in any part of the world. Moreover, graduating with an MBA from New Zealand may get your child a considerably higher income than their peers in other countries. Overview of MBA course structure and fees in New Zealand New Zealand is home to some of the finest educational institutions in the world for MBA courses. A full-time MBA requires 180 credits over 12 - 16 months or 60 credits every semester. Students can choose an MBA degree with or without specialization.  Average tuition fees for an MBA in New Zealand are between $26,000 - $37,000 with the highest course fee of $51,396 levied by the University of Canterbury and the lowest tuition fee of $36,800 levied by Manukau Institute of Technology.  The fee structure for an Indian student is between INR 11.4 lakhs to INR 31.3 Lakhs per year, depending upon the university one chooses.  The living expenses of the students depend upon their lifestyle. How to save for an MBA in New Zealand? Although studying for an MBA in New Zealand is affordable compared to the study cost in countries like the UK and the USA, parents do need to save and invest money so that their child can get the desired degree without the burden of an education loan.  Take the following steps to save for an MBA degree - 1. Research Remember the first step of any plan is the most difficult one as it requires thorough research. Gathering information is necessary so that you can create a foolproof plan that will prove fruitful in the long run.  you can also use the College Cost Calculator on the EduFund App to find out how much you will have to pay for your child’s MBA. This will help cut your research time.  Reasons to Study in New Zealand Read More 2. Create a financial plan Create a financial plan that will give direction to your ideas and encourage you to take the necessary steps toward your goal.  How to send your child to study in New Zealand debt-free? Read More 3. Take the help of professionals If you are a new investor, it might become a tad difficult or confusing to make the right decisions. Take the help of professionals because they have the necessary tools and resources to compile the required data and make the correct choices.  The saving experts on the Edufund App are adept at creating a customized financial plan and selecting the best investment opportunities through mutual funds, US ETFs, US stocks, and Digital gold. These experts, along with the Edufund investment calculators, will act as a guiding force and be with you every step of the way.   Top Universities in New Zealand Read More 4. Create a diversified portfolio Do not be dependent upon only one type of scheme. Instead, create a diversified portfolio that includes managed funds, savings accounts, term deposits, mutual funds, etc. The high-accuracy fund tracker on the Edufund App can monitor over one lakh data points and 400 financial situations to make solid suggestions about the most profitable investment schemes. a) Managed funds According to available data, one of the most common reasons for setting up a managed fund is to save money for a child’s higher education. It is feasible to put some money aside in a growth-oriented managed fund as early as possible. By the time the child is of age to study for an MBA in New Zealand, the parents will have saved a good chunk of the required money.  b) Savings accounts and term deposits If you cannot deal with the volatility of the growth fund or have started late and have a considerably shorter period for saving and investing, do not worry. The safest and the best possible mode of saving is by investing in a savings account and term deposits. It is better to add to the term deposits whenever they come up for renewal so that after a few years you can have a good amount of the money for your child’s MBA degree in New Zealand. c) Mutual funds The best investment scheme in the current market is investing through mutual funds. Take the help of SIP for regular investments as the estimated returns are between 12% to 15% in large-cap equity funds and 14% to 17% in mid-cap equities. The SIP calculator on the Edufund App can prove useful in determining the available returns from the chosen funds.  Conclusion International students, especially Indian students consider an MBA in New Zealand a good move as it gives them global exposure to cash in excellent career opportunities in any business sector.  Parents who have the necessary funds through saving and investing can easily send their child abroad and fulfill their dreams of better education, as compared to the parents who have to look at other means to fund their child's education.

Trying to figure out the average cost of sending your child for MS to the US? The cost of studying MS in the US comes to a total of about ₹76 lakhs - 1.1 crores. The total cost of completing an MS in the United States is constituted of both tuition fees and living expenses. Overview of costs of studying MS in the US The cost of an MS in the United States for Indian students throughout the program, including expenses made in India and the United States, is detailed below: Factors/ParameterAmount (in INR)GRE₹17,000TOEFL₹15,000Applications₹70,000 - 1,20,000Other Expenses During Applications₹10,000 - 15,000VISA Fee₹13,100SEVIS Fee₹17,600Airfares (one-way)₹90,000 - 1,20,000Tuition Fee₹65,00,000 - 90,00,000Living Expenses₹9,00,000 - ₹20,00,000Total₹76 lakhs - 1.1 crores These figures were calculated using a variety of assumptions, and individual costs may change. We have just summarised a few significant costs to estimate the average cost of studying abroad, focusing on the price of an MS in the US. How to save for your child’s MS in the US Here are several financial planning techniques that parents can employ to lessen the stress and increase the productivity of their child's MS in the US. By following these guidelines, you can help your child achieve their goals while also safeguarding your long-term financial stability. 1. Think about long-term financial planning before you start An early start to planning is crucial. Plans for your child's international education should be started as soon as possible. As a parent, you may need to make some sacrifices right now, so start analyzing your spending habits and cutting back on unnecessary expenses. Regularly set aside funds for your child's education. Additionally, consider other saving and investment choices. You must account for the greater cost of living in the US and incorporate this element into your plan from the start. 2. Keep exchange rates and inflation in mind For many years, the US dollar has consistently ranked among the strongest currencies in the world, with nearly all other currencies gradually depreciating in comparison to it. You should expect that your currency will also experience this in the future. No matter when you plan to send your child to the US for education, you must factor in inflation in your country and potential currency depreciation in your budget. By taking inflation and exchange rates into account, the EduFund College Cost Calculator may assist you in determining the average total cost you will need to send your child to the US for MS. Longer periods provide you more freedom to invest in risky assets like stock, which might help you in the long term to fight off the effects of inflation and fluctuation in exchange rates. 3. Find the most suited investment options Even though your child's journey to the US won't happen for several years, you might not be able to meet all of your child's future expenses by merely setting up an education fund with your current regular pay. Future living expenses will undoubtedly rise from current levels. If you want to decrease the impact of these possibly higher costs, you need to start looking for additional sources of funding straight away that are separate from your (and your partner's) salary income. As a result, you ought to research potential medium and long-term investment options that you may start pursuing right away. Recognize your ability for risk-taking and adjust your investments accordingly. In your hunt for mutual fund-based Systematic Investment Plans (SIP), academic investments, or savings plans particularly created for your child's MS in the US, EduFund’s financial experts can help. 4. Consult a specialist before investing or studying abroad The process of getting ready for education abroad is scary to the majority of people. Even if you start early, create a budget and a costing plan, and research the various investment options, you could still feel entirely unprepared despite having an action plan and strategy in place. If you're having trouble, talking to a professional can be a smart idea. With the help of our investment advisors and study abroad specialists, you may examine your options and develop a more detailed and useful approach. You might even come across fresh options that you weren't aware of or hadn't thought of before. Conclusion The practical costs of sending your child to the US for a master's degree in science can be confusing, but with systematic planning and a realistic outlook, you and your child can both gain over time from pursuing this desired goal. EduFund’s financial experts are constantly available for any assistance or advice you need. Consult an expert advisor to get the right plan TALK TO AN EXPERT

Post-pandemic online master’s degrees have become extremely popular. If you have applied for an online degree and are finding it hard to pay the fees, then here are some merits and demerits of opting for a personal loan for an online master’s degree!  From top universities like Harvard University, Oxford University, the University of Edinburgh, and Johns Hopkins University to online platforms like Coursera and SkillShare made accessibility to quality education easier and a great way to upskill. While some are free, there are some that charge a heavy fee. Depending upon the course, the average cost of an online master’s degree can go up to $29,000 (Rs. 23-24 lakhs).   This can be tough to finance independently as most banks do not offer education loans are not offered for online degrees. Some banks like Axis Bank do offer education loans for an online master’s degree. But space is still limited. Maximum banks and financial institutions only sanction education loans that require students to study on campus, and online degrees are not covered by them. Thus, if you are short on expenses, then you can opt for a personal loan for your online master's degree.   What are the merits of opting for a personal loan for online master’s degrees?  1. Zero Collateral   Personal loans are called unsecured loans and they do not require collateral from the borrower to sanction their claims. It is easier to get a personal loan as banks do not need you to give land, shares, or other bonds as collateral to claim. The approval largely depends on your credit scores, income history, and general eligibility or worthiness in terms of repayment. If the bank feels that you are not capable of repaying the loan, they are likely to reject the application.   2. Easy Sanctions  Personal loans verify the candidate’s worthiness, credit history, and financial stability. If you can provide an assurance to the bank that you are able and willing to repay then the banks are likely to sanction your loan faster. In terms of personal loans without collateral, your relationship with the bank, income stability, and financial background comes in handy for easy sanctions.   3. Easy Disbursals  Some banks disburse funds within seconds! Once your loan is approved and accepted, the banks can wire the money to your account immediately. Most personal loans and their lenders pride themselves on immediate and easy disbursements so that the borrower can finance their immediate needs faster. It may not be the case for all types of loans as each has its own processing period.   What are the demerits of opting for a personal loan for online master’s degrees?  4. High-Interest Rates  Interest rates vary from bank to bank and to lender. Personal loans are by nature unsecured which means the chances of getting a high interest rate may be higher. Beware of the interest rates, try to consult multiple banks before starting the application process. Having a good relationship with a bank and a financial history can help you.  5. Stress of Repayment   The stress of repayment is associated with every loan and is not exclusive to personal loans. Most borrowers struggle with repayment and may find it overwhelming at times. Having a stable income or savings can help you with the process of repayment. The cumulative interest rates and rising prices can make the job tougher but not impossible.  6. Eligibility Rigidity  Since most personal loans are unsecured, they focus largely on your credit score and financial history to sanction it. This can be a merit and demerit because a low credit score could jeopardize your application approval and make it tougher for you to gain the amount you want. Applicants are scrutinized more closely and any flaw could delay the process.    These are some merits and demerits of opting for a personal loan for an online master’s degree! An informed and well-rounded decision can help you pick the right path and help you secure a brighter future. TALK TO AN EXPERT

College costs, University fees, and related expenditures are fast growing worldwide, and education costs in Dubai will be no exception. Indeed, the UAE has been one of the world's top five most expensive university pricing areas. Because of inflation, the cost of your child's education in the future may be substantially higher than the cost of education now. Regardless of mounting academic expenditures, as a parent, you would want to create the best educational opportunities for your child to help them lead a successful life. So, what are your plans to ensure that you are making efforts to save adequate funds for their further education while still preparing for retirement and personal needs? Ways to fund your child's masters in Dubai 1. Approach a Financial Advisor A financial advisor helps clients with how, where, and when to invest. They may guide you to find a comprehensive financial plan or specific investment vehicles to reach a significant financial goal. You can get assistance from a skilled financial expert on the below aspects: Make a list of your life's goals, priorities, and fundamental economic beliefs. Set financial objectives. Set priorities and allocate suitable amounts of surplus revenue to specific purposes. Choose appropriate investment schemes to assist you in meeting your goals. Financial advisors from EduFund help Indian parents plan for their children's future. They help parents choose the right savings plans that suit their child’s educational aspirations. You may use the EduFund app to plan and save for your child’s school (short-term goal) and college expenses (long-term goal).  You may also modify your goals to your individual needs. Parents can use the app to save for their child’s education by investing in mutual funds and US stocks. The app also has a unique college cost calculator that tells parents the future costs of college and helps them plan and save early towards it. 2. Begin early savings The most straightforward method to afford your children's educational aspirations is to begin early; the sooner you start, the better!  You must begin saving as soon as your child is born; if you've not already started to save, now would be the apt time to focus on your savings. Even small monthly savings add up to a significant amount over time. You may begin with as little as Rs 5000 each month, which can aggregate and develop to about Rs 10,00,000 in 18 years if your investment grows at 7.00% per annum. Compound interest has more time to work when the horizon is longer. 3. Make your money speak for you Deposit account rates have always been lower than the current inflation rate. Furthermore, education inflation is much higher than household inflation; thus, it is critical to invest in assets that offer better returns. Mutual funds are an excellent solution for combating inflation and reducing the risk. A well-diversified selection of international mutual funds should allow you to accomplish your investment objectives with little effort. Mutual funds are generally regarded as a secure investment that enables the client to grow their savings with little risk.  A mutual fund invests in several assets; even if one of the sectors or assets performs badly, the overall investment is not affected by that.  4. Maintain your commitment Investing is a tedious process, but it is ultimately profitable. Honoring your commitment throughout the investing period is critical to the success of your kid’s savings plan. There will be times when appealing investment prospects will entice you, or market volatility will reduce your investment value; do not be distracted and stick to your commitment. Markets will be unpredictable in the short and medium term, but they will reward you with significant profits in the long run. Remember that the goal of this investment is to save for your child's higher education. Additional read: How to plan child's master's in the UK College costs vs. earnings College prices in US regions have risen by 169% since 1980, while incomes for employees aged 22 to 27 have increased by 19%. The average cost of an overseas education ranges from $27,330 for government in-state university graduates to $55,800 for privately funded university students. Tuition expenses, accommodation, grants for books and classroom supplies, transportation, and other incidental expenses are all included in college costs. Tuition costs for an entire year at universities in the UAE can range from US $13,000 to $35,000 for international students. The costs for some specialized courses may be expensive as well. Most colleges in the UAE charge an application fee of around $55. Dubai University Fee as on 2022 (Fees Structure In AED) Bottom line It is important to invest early to meet the education expenses of your child. Understanding the present financial situation and developing a workable budget strategy is critical. Hence, it is crucial for parents to set aside some money each month to save for their child’s education in the long term. Consult an expert advisor to get the right plan TALK TO AN EXPERT

How much I need to save to send my child to Harvard University is one of the top queries of a parent who wants to send his child abroad. Harvard is considered one of the best universities in the world, offering varied graduate and undergraduate programs like business administration, business management, bioengineering, law, economics, arts and science, sociology, etc.  Students dream of studying at this university but only a few with academic excellence are given the chance to step onto the campus to study and fulfill their heart’s desire.  Imagine if your child is one of the selected few who have managed to gain entrance to this top university. But what happens if they are unable to enroll just because they do not have the required funds?  At such times the first thought that crosses the mind of a parent is that it is necessary to plan and save to send my child to Harvard University from an early age. Start Investing in Mutual Funds Steps required to plan and save for sending a child to Harvard University How much I need to save to send my child to Harvard University is a question that can be answered by following the subsequent steps: Know about the current cost of education at Harvard University When your child starts showing an affinity for a specific course it is the right time to start planning and saving for his further studies. Be aware of the cost of studying at Harvard University, for example, on average the fee structure of most of the 3-year and four-year academic courses varies between $50,000 - $70,000 (Rs. 40 to 55 lakhs). Factor in the expected expenses  Tuition Fees:  Identify the tuition fees and the other mandatory fees  Room and board: Most of the students prefer to live on campus as it is less expensive compared to outside accommodations. It also offers easy access to meals, classes, and extracurricular activities which is a blessing for students who have traveled from different parts of the world to this esteemed university Transportation costs: If the student is living out of campus then the transportation cost should also be added to the total cost Food expenses: Factor in the food expense for both on-campus and off-campus scenarios Education inflation: You need to add the inflation rate (minimum 7%) to the total cost. You don’t need to guess - you can calculate this cost by using the College Cost Calculator for Free!  Calculate Cost of studying in College Calculate the average costs Calculate the average costs of studying at Harvard and identify how much money you need to save to send (\your child to Harvard University.  Go through all the expected costs and identify an average amount that you need to shelve out for instance 60,000 dollars (Rs. 47 to 48 lakhs). Now calculate how much time you have before sending your child abroad. Get a rough estimate about the amount you need to save every year, for instance, 60,000 dollars/8 years which amounts to 7500 dollars per year (Rs. 5- 6 lakhs) Effect of compounding Make the most of the compounding as it will reduce the principal amount to a great extent and magnify your returns. If a parent wants to save 60,000+ dollars, she will have to shelve only an average of an estimated 5,500 dollars instead of 7,500 dollars @ 5% interest per annum for eight years. Research the best available saving option that will help to save with better interest rates. Or you can talk to an expert to understand how much I need to save to send my child to Harvard University. It is a step in the right direction as it helps parents to plan and save effectively within their budget with the help of India’s first college cost calculator and with a curated plan to achieve that target.  Plan and start investing Parents who start planning for their child’s future from the very beginning have an additional advantage over parents who realize the importance of saving at a later stage. If you are one of the late investors do not panic, you can still make some well-advised investments that can help you make up for the lost time and get the required help in the planning and saving process for the child’s brighter future at Harvard University. Start Investing in US Market FAQs How much does it cost to send your kid to Harvard? The total annual cost to attend Harvard University, including tuition, fees, room, and board, was approximately $76,000. How much do you need to donate to get into Harvard? Donations to Harvard University, while they can have an impact on the institution, are not a direct means of securing admission. Harvard, like other reputable universities, has a competitive admissions process based on academic excellence, personal achievements, and other factors. Admission cannot be guaranteed solely through donations. Is Harvard expensive for Indian students? Yes, Harvard University's tuition and living expenses can be relatively expensive for Indian students due to currency exchange rates and the overall cost of living in the United States. However, Harvard does offer financial aid and scholarships to international students, which can significantly offset the costs for those who qualify. How do I raise my child to go to Harvard? Raising a child with a strong foundation for potential admission to Harvard involves fostering a love of learning, encouraging curiosity, developing leadership and community involvement, and maintaining excellent academic performance. Focus on their interests, extracurriculars, and character development while also allowing them to explore and pursue their passions.

Indians flock to top universities in the UK like Oxford University, Cambridge University, University College London, Edinburg University, King’s College London, etc. Over 84 UK universities are listed in the QS World University Rankings 2021, each providing a distinctive experience with committed teachers, vast facilities, and practical resources. It's no wonder, the UK is one of the most sought-after destinations for studying abroad for Indian students. Let’s find out how you can plan your child’s masters in the UK with them. What is the cost of studying in the UK?  It's crucial to be realistic about the costs of studying in the UK, especially if you're going to pay for it. You'll need to factor in their living expenses and tuition.  As of 2022-2023, the cost of a master's degree in any field in the UK can cost somewhere between ₹40-90 lakh. For instance, Oxford University costs about ₹50-60 lakh, Cambridge University ₹60-65 lakh, and Manchester University costs around ₹40-45 lakh.   There are options for outside funding options like grants and scholarships. Also, keep an eye on deadlines because your child might need to submit a personal statement or a sample of their work for some scholarships, which require an early application. These options may lessen the expense but may not be enough to cover the entire cost of attendance such as living expenses and accommodation. https://www.youtube.com/watch?v=o-xEGg3N0Os Talk to an Expert Living expenses in the UK  Living expenses are a very relative number, it depends on the kind of lifestyle and expenses one wants to have, whether they want to live luxuriously or on a budget. This also depends on the affordability of the student as well as their parents.   Now, the average living expense of a Master’s student in the UK is somewhere around ₹30-40 lakh throughout the degree.   Your child can cover part of the fees by working part-time jobs while attending school. But be mindful of their visa limitations that will cap the number of hours they can work. https://www.youtube.com/watch?v=sRiktJ_KLmo How to save for these costs?  There are a few long-term as well as short-term ways to help you save for your child’s Master's in the UK.   One simple way is to divide the total amount, which supposes is ₹1 crore, and put aside around ₹40,000 per month or about ₹4.5 lacks every year for 18 years and start saving when your child is young. Invest your money, either for 18 full years or even a shorter time. SIPs can bring you incredible returns in 18 years if you keep investing for the future.  The last and tougher option is to take an education loan at the time of application and pay it back after. Now that’s not an ideal option because of the high-interest rates. Source: pexels The application process for the UK  1. Solid undergraduate degree or related work experience  UK universities prefer candidates for master's programs to have a strong undergraduate degree, ideally in a related or relevant field. However, some courses, especially those that are more artistic, like art, may call for the submission of a portfolio. Others might need to be interviewed.   Because of the pandemic's impact on university operations, interviews are now far more likely to take place online, which is extremely cost-effective for international students.  2. English proficiency test  A solid command of the English language is another prerequisite for master's studies in the UK. Your child will need to pass an English language exam, such as the TOEFL or the IELTS. Check which exams and at what level the universities accept.  3. The application procedure differs for each university  Every university in the UK has a very different application procedure for master's degrees. The deadlines for applications may vary greatly. For more information on the deadlines for the universities, your child is applying to, visit their websites or consult an expert to help them shortlist or understand the different requirements of studying abroad.  Some of the most prestigious universities will need applications to be submitted fairly early in November, while others may accept applications through the summer if there are still openings. Some applications might not even have a deadline, but it's best to submit them early because the course may fill up.   4. Recommendations are integral   Most colleges will want recommendations. These will often be two professors or other academic advisors from your child's prior course. You might also want to provide a reference for your job. You must ensure that the people you are proposing are willing to do so and can do so by any deadlines.  5. Customize your statement of purpose for every university   Make sure your child's statement of purpose has been customized for each institution they are applying to. Make them justify why their experience is perfect for the particular course the institution is offering.  6. Emphasize any prior relevant experience  It is important to emphasize in the application, any work experience that is relevant to the course or they should emphasize their transferable skills if the master's program they are applying for is entirely unrelated to their prior education or professional experience.  Home to some of the best universities in the world coupled with its new post-study work visa, the UK is fast becoming one number country for higher education. While you can’t reduce the cost of studying for a master's in the UK, you help your child pay for it when the right arrives! Start saving to give wings to your child’s masters!  FAQs Why do many Indians choose the UK for higher education? The UK offers top-ranked universities, committed faculty, comprehensive resources, and a diverse learning experience. Over 84 UK universities are listed in the QS World University Rankings. What is the application process for UK universities? The application process varies by university. It generally includes a strong undergraduate degree, English proficiency tests (TOEFL or IELTS), recommendations, customized statements of purpose, and relevant work experience. What's the key takeaway for parents? Planning and saving early is crucial for financing your child's Master's education in the UK. Consider various funding options and prepare well for the application process to secure your child's educational dreams.

Your children have completed their bachelor's and are now thinking of pursuing a management course. MBA or PGDM? Is that the question they've been looking for an answer to? Then let us help you figure out the best option for your child. Difference between MBA and PGDM Every student has certain preferences with respect to the duration they want to invest in that particular course, location, future prospects, etc. Here are some characteristics of both MBA and PGDM which will help you understand how they're both different. By going through these differences, you can help your child choose the option that works best for them. Categories PGDMMBADuration 1 year2 yearsQualification Diploma CourseDegree CourseRequired Entrance ExamsATMA, SNAP, CAT, XAT, NMATMAT, CAT, XAT, MAT, GMATCourse Fees (Range)INR 5 - INR 24 LakhsINR 2 - 35 LakhsSyllabus Your child will get exposure to a more hands-on approach to workplace situations. The curricula at autonomous institutes frequently get updated to keep up with the changing business environment.Compared to PGDM, MBA is more theoretical. It also depends on the university your child is applying to. Top Job RolesProject Manager, Consultant, Data Scientist, Auditor, Tax Specialist, etc.HR Manager, Business Analyst, Marketing Manager, Finance Advisor, Investment Banker, etcInitial Salary OfferedUp to INR 30 LPA or moreUp to INR 60 LPA or more MBA vs PGDM - Which is More Expensive? Although it varies from university to university, if we talk about the affordability of both courses, MBA is usually more economical than PGDM.  While your child can get an MBA for about 2 lakhs or a little over, a PGDM usually begins at 5 lakhs.  In either case, you can find out the exact cost of your child’s education through our College Cost Calculator. Once you find out the cost, you can plan your savings for their education accordingly. Start Investing in Mutual Funds for Child Education Studying MBA in the USA or PGDM in Canada? Thinking of a study abroad plan for your child? Maybe an MBA from the US or a PGDM course from Canada? Well then here's what you need to know to help them decide. Pros of getting an MBA in the USA Increased possibility for lifelong income.  Increased likelihood of employment and employability.  Professionally connect with the top talent in the field.  Become more knowledgeable and broaden your horizons.  Develop strategic leadership abilities for large corporations.  Expenses: For premier colleges, Indian students' MBA tuition in the USA can range from 50,000 to 1,000,000 INR.  Cons of getting an MBA in the USA Studying for an MBA abroad has various drawbacks, such as the expense of being unable to apply for employment. Students may find it more difficult than they anticipated to get visas or work permits for their studies abroad, which might force them to leave the nation quickly after graduation with little time for adjustment. Masters vs PGDM in Canada Read More Pros of Getting a PGDM in Canada  In Canada, PGDM programs are less focused on research and more job-oriented. Many MNCs are headquartered in Canada, which also has a low unemployment rate of 6.5 percent. While doing the course, students might complete an internship to get experience in the real world. Canada promotes the option of staying behind after graduation. To add to this, getting a student VISA for Indian students is much easier in Canada compared to the USA.  Cons of Getting a PGDM in Canada Comparatively speaking, Canadian PGDM courses are less costly than those offered in the US and other nations. PGDM programs typically cost between 15,000 and 17,000 CAD (INR 8,00,000 - INR 9,05,000 approx.)  Create Goal for Post Graduation Study Abroad Programs Conclusion  Be it an MBA or PGDM; be it in India, the USA, or Canada, what's important for you as a parent is to be prepared for the educational expenses. Download the EduFund App today and take the first step to fuel your child's dreams. FAQs What is the difference between PGDM and MBA? MBA is a 2-year-long degree program whereas, PGDM is a one-year-long diploma course. For senior positions, should one get an MBA or a PGDM? Although both hold great importance if issued by prestigious institutions, the degree is sometimes preferred over the diploma. Which is more expensive - MBA or PGDM? The answer completely depends on the institute one has applied to. However, in general, the diploma program is more expensive than the degree. TALK TO AN EXPERT