Education Cost Calculator

Education costs have been rising faster than general inflation, making it crucial to plan and save early for your child's higher education. Our calculator helps you estimate future costs and create a systematic savings plan.

The calculator considers education-specific inflation rates and helps you determine the monthly savings required to fund your child's education goals, whether domestic or international.

Education Cost Trends:

• Engineering: ₹3-8 lakh for 4 years (top colleges)
• Medical: ₹5-15 lakh for MBBS (private colleges)
• MBA: ₹5-25 lakh for 2 years (top B-schools)
• Study Abroad: ₹15-50 lakh depending on country

Education Inflation Rate:

• India: 8-12% annually for higher education
• International: 5-8% annually in developed countries
• Professional Courses: Higher inflation due to demand
• Technology Impact: Online education may moderate costs

Education Savings Options:

• Child Education Plans: Insurance + investment combo
• Mutual Fund SIPs: Equity funds for long-term growth
• PPF: Tax-free returns with 15-year lock-in
• Sukanya Samriddhi: For girl child education
• Fixed Deposits: Safe but lower returns

International Education Costs:

• USA: $30,000-$70,000 per year
• UK: £15,000-£40,000 per year
• Canada: CAD 20,000-$40,000 per year
• Australia: AUD 25,000-$45,000 per year
• Germany: €500-€20,000 per year (many free options)

Additional Costs to Consider:

• Living Expenses: Accommodation, food, transport
• Books & Materials: Textbooks, equipment, software
• Exam Fees: Entrance exams, application fees
• Coaching: Preparation classes and tutoring
• Travel: For international education

Features:

• Calculate future education costs with inflation
• Monthly savings plan to reach education goals
• Multiple education types and cost estimates
• Visual savings vs cost projection
• Comprehensive education planning guidance