Planning For Child’s Education

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Children’s education, in particular higher education, is an important financial goal. It’s no longer a secret that education has turned quite expensive in modern days. In a rising competitive market nothing can be as best as an asset as education is to stay relevant irrespective of the time. Often, parents end up taking education loans to facilitate children’s higher education. Given the impact of inflation and higher interest rates, the education costs will only move northwards. Already, for higher and specialised courses in India, one needs to shell out anywhere between Rs 10 lakhs and Rs 40 lakhs.