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Saving for Children Education
Parents today have a plethora of educational boards from which to choose, to enroll their children. It is no longer just the SSC (Secondary School Certificate) or ICSE (Indian Certificate of Secondary Education). There is also the International Baccalaureate (IB) board, and most schools offering these programs can be very expensive, with annual fees as high as Rs. 2,50,000.
As your child grows older, he may want to get an education in the US. And the minimum cost for four years of university education at the bachelorís level in the US is nothing less than Rs. 50,00,000. A high-quality MBA, too, is nothing less than Rs. 60,00,000 from a top university abroad.
And this is today. At 10% Inflation in Education Fees, every 7.2 years your Course fees are doubling.
To avoid debt burdens and delayed entry into the work force, careful planning is required for your childrenís education. Our education fund calculators help you determine how much you will need to save for your childís university education, without compromising on your lifestyle.
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