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Higher foreign education: Smart tips to bring the costs down

Quality education is important for children to have a promising future but it comes at a massive price. A parent who paid Rs 12 lakh for an engineering course in 2022 may have to pay Rs 31 lakh in 2032 for the same degree. The cost of education has risen at an alarming rate over the last decade and shows no sign of slowing down. As a parent, you have no choice but to be prepared to tackle the rising education costs. This column will help you plan for your child’s education better.

Here are a few strategies to fund the cost of higher education:

Compare and choose the low-cost alternative

The course fee and other education costs differ among institutions and countries. As everyone knows, government colleges offer education at a meagre cost compared to private colleges. Also, students often wish to travel to the US, the UK, Australia, etc, to pursue higher education. It is worth comparing different institutions to get an education at the lowest cost.

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