Planning for a child's education? Check out THESE options

If inflation is anticipated to be around 6%, an MBA programme currently costing Rs 10 lakh in India will cost around Rs 35 lakh in 20-22 years.

New Delhi: It's just as vital to plan for your child's future as it is to plan for your own. Because the cost of school is rapidly rising, you must prepare ahead for your child's education. You must begin planning for your child's education soon after the birth of your child, as higher education costs in India have increased by at least 6% every year.

Cost first

If inflation is anticipated to be around 6%, an MBA programme currently costing Rs 10 lakh in India will cost around Rs 35 lakh in 20-22 years. After 17-18 years, an engineering course that costs Rs 6 lakh today could cost Rs 14-15 lakh.