Rising Education Costs: How Parents Can Plan Better Amid Inflation
Children’s Education Getting Costlier? Here’s How to Plan Smartly: Every parent wants to give their child a good higher education, but rising inflation and expensive college fees are making it harder. Courses like engineering, medical, management, or studying abroad now cost several lakhs to crores of rupees. Experts say education costs are rising by 8–10% every year, which can put heavy pressure on family savings if not planned well.
c. Investing small amounts regularly from a child’s early years can help build a large fund over time. SIPs in mutual funds are considered a good option as they offer returns that can beat inflation. Child education plans and insurance can also provide financial security.
Parents should invest with a clear goal and keep a separate fund only for education. Estimating future costs is important—what costs ₹10 lakh today could double in 10 years due to inflation.
With early planning, disciplined saving, and smart investing, parents can secure their child’s education and avoid financial stress later.
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