Tag Archives: child’s

61% regret starting late in saving for child’s education: HSBC Value of Education survey

As many as 44% still want a foreign education for the child, according to a recent HSBCValue of Education survey. Average money spent over the course of a university degree Parents: Rs 3.61 lakh Students: Rs 7.77 lakh Funding gap: Rs 4.15 lakh Sacrifices made by parents to support child’s education Took less expensive holidays: 60% Took fewer holidays: 59% Reduced or ... Read More »

How to fund child’s education: Take a loan or use own funds?

Keeping your accumulated savings invested and taking an education loan instead can benefit you. Photo: Alamy Any big-ticket spending requires you to either have the required funds in place or a financing option. When dealing with long-term financial goals, such as higher education of children, you have the advantage of planning much in advance. Here’s how you can go about ... Read More »