Education Cost Calculator
Calculate future education cost for IIT, IIM, MBBS, abroad studies. Plan with 10-12% education inflation.
Frequently Asked Questions
How fast are education costs rising?
Education inflation in India averages 10-12% p.a. — significantly higher than general inflation. IIT fees have increased 8x in the last 15 years. Private medical colleges see 15-20% annual increases.
Should I start an education fund early?
Absolutely. Starting when the child is born gives you 17-18 years of compounding. A ₹5,000/month SIP at 12% for 18 years grows to ₹40+ lakh.
What are the best instruments for education planning?
Equity mutual funds (SIP) for long-term (10+ years), balanced funds for medium term (5-10 years), and debt/FD for short term (<5 years). Sukanya Samriddhi is good for girl children.
Should I consider education loans?
Education loans can complement your savings. Interest is tax deductible under Section 80E with no upper limit. But plan to cover at least 50-70% from savings to minimize debt burden on your child.
How to plan for studying abroad?
Factor in currency appreciation (rupee depreciates ~3-4% annually vs USD). Use a higher inflation rate (12-15%) for foreign education costs. Start investing in international funds for natural currency hedging.