Tips to Achieve Child Education Goals Despite Soaring Costs

Education costs in India are rising, considerably, with inflation from 3.34% in September 2021 to 5.68% in 2022. How do you fulfil your child’s education goals in this scenario?

Right from starting early to taking a loan, there are ways to manage the rising expenses and still provide the best education to your child. Let’s understand.

Plan ahead

Start putting aside regular savings in an education fund for your child. Start early to get the benefit of compounding returns and build a corpus.

Choose suitable investment avenues

Put your savings in suitable investment avenues that can help grow your corpus with attractive returns.  

Be disciplined

Be disciplined in your savings habit. Don’t withdraw from the education fund and contribute to it regularly to create an optimum corpus.

Get an education loan

Education loans can finance your child’s higher education easily, despite the rising costs. Apply for the loan to get the desired funds.

IDFC FIRST Bank Education Loans offer collateral-free funds up to Rs.50 lakhs at attractive interest rates. Apply now and fulfil your child’s education dreams.