🎓 Child Education Cost Planner
Plan your child's higher education with India-specific cost projections
- Estimates Only: Actual education costs vary significantly by institution, course, and location.
- Inflation Assumptions: Education inflation rates used are indicative and may differ from actual future costs.
- Not Financial Advice: This is a planning tool only. Actual costs should be verified with institutions.
📈 Education costs typically rise 10-12% annually in India
Starting 2 years earlier would reduce your monthly SIP by ₹X,XXX!
⏰ Time is your greatest asset. Every year of delay increases your monthly burden.
Planning Your Child's Education in India
Education costs in India have been rising at 10-12% annually, far outpacing general inflation. A 4-year engineering degree that costs ₹10 lakhs today could cost ₹26 lakhs in 10 years. Planning early is not optional—it's essential.
Current Education Costs (2025 Estimates)
- IIT/NIT: ₹10-15 Lakhs total (4 years including hostel)
- Private Engineering: ₹15-25 Lakhs total
- Medical (Govt): ₹8-12 Lakhs total (5.5 years)
- Medical (Private): ₹80 Lakhs - ₹1.5 Crore total
- MBA (IIM): ₹25-30 Lakhs (2 years)
- Abroad (US/UK): ₹60 Lakhs - ₹1.5 Crore total
Tips for Education Planning
- Start Early: The power of compounding works best with time.
- Use Equity for Long Horizons: If your child is young, equity-heavy allocation can generate 12-15% returns.
- Consider SSY for Girl Child: Sukanya Samriddhi Yojana offers 8.2% tax-free returns.
- Don't Forget Expenses: Books, laptops, coaching, and lifestyle add 10-15% to base costs.