Cost of higher education in India – Calculator & Infographics

by Hemant Beniwal on October 25, 2012

Financing of higher education Cost of higher education in India   Calculator & Infographics

Hope this infographics helped you in understanding that “All is not well” in case of raising kids. You should also read “Complete Guide on Child Future Planning”.

Financing of Higher Education – Calculate

Download Education Cost Calculator: If you are not able to work in above sheet – you can download this education cost calculator from here.

Note: Monthly numbers may not be perfect – two reasons:

  • With time your income will increase & you can increase you savings. So someone can start with Rs 2000 saving but it can be Rs 10000 after 10-15 years
  • In above example one goal is at the age of 15 & another at 26. So once the first goal is achieved, parents can think of diverting that amount for other goals.

If you have any practical experience regarding cost of education – please add that in comment section; it may help other readers.

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{ 24 comments… read them below or add one }

1 Lloyd

Wonderful post Hemant. In fact the cost of education is also becoming an important factor on whether you want (or rather – can afford) a second child :)


2 Hemant Beniwal

Hi Lloyd,
Yes it is & for planners this is really a tough one – when client ask “can we think of second kid??” ;)


3 Lakshmipathy G

Nice post Thanks Hemant


4 Hemant Beniwal

Thanks Lakshmipathy :)


5 abhi

What a waste of money!!!!


6 Hemant Beniwal

Hi Abhi,
I am not sure what you mean – hope you are not commenting on your elders.


7 abhishake chaudhary

good post really two side of coin
one making us aware of future expenses
other making us to think how much we have to
earn to awail such expensive education.


8 Hemant Beniwal

Hi Abhishake,
This is how planning is done – set your goals(write them) & then start walking towards them.


9 Suraj Jain

Knowledgable post Hemant bhai. You and ur team is excellent.


10 Hemant Beniwal

Thanks Suraj


11 Velusamy

Hemant, As you mentioned, those monthly contributions calculated for my daughter does not suit me. I would like to gradually increase my monthly contribution for her UG + PG + Marriage.

Is there any mechanism/calculator which helps to calculate the increasing monthly contribution year on year to achieve these goals?

I taken a simple (blunt?) approach.
I am investing 3 grams of gold every month as gold take cares of inflation. Any other better method on anybody’s mind would be helpful.



12 Hemant Beniwal

Hi Velusamy,
You can draw it in excel – you just need to know multiply & sum rule.
I don’t agree with “gold take cares of inflation” – its value that matters. (value you are getting at what price)


13 pattu

Nice calculator and very important considerations for parents. Treating all goals as one in which periodic withdrawals are made will make a significant reduction in amt to be invested (as much as 25%). Further reduction is possible if amt inv is increased each year. For example an 10% yearly increase taken together with the first aspect can result in a 40-50% decrease in amt to be invested. Subject to other data entered.


14 Hemant Beniwal

Ya Pattu – that’s the reason I clarified this in post.


15 Ravi

Excellent article on current and future education cost.. but I have some other views about education.. Education institute in India have become like any other profit making business in the country.. specially run by many politician directly or indirectly like they do in any lucrative property business ..

Where as on the other hand we have many western countries where primary or up to secondary education are completely sponsored by government of that country…

In India even though there are many government aided school that running successfully, but one more fact is that one cannot compare them with private school facility and teachings… and that is because.. these school are not provided sufficient fund to operate smoothly..

An investment in knowledge pays the best interest. ~ By Benjamin Franklin

Seven Deadly Sins:
Wealth without work
Pleasure without conscience
Science without humanity
Knowledge without character
Politics without principle
Commerce without morality
Worship without sacrifice.”
― Mahatma Gandhi

sau mein aisi bani man phir bhi mera desh mahan,
Jai Hind


16 Hemant Beniwal

Hi Ravi,
Even in foreign government edu can’t be compared with private edu.


17 Deepak


Very informative post . You have done a great research and study. congrats and keep it up .


18 Hemant Beniwal

Hi Deepak,
This is from Assocham survey.


19 Manoj

Hi Hemant,

Gr8 Hemant. You have covered a lot of points in this article. I want to know that are your assumptions about the future are based on the costs in Metro cities or you have included the smaller cities and towns as well because that is where most of the people still live today. Because cost of living also plays an important role in these points you mentioned.


20 Jai Kishan

Hi Hemant,

Very useful article. Calculator is of course one of the best I have come across. Very ease to access and an eye opener to parents in many ways especially to certain class who do not believe in saving for the child future.



Hi Hemant
This year my daughter secured admission in MCA at Panjab University Chandigarh. She is staying in the hostel. She started her preparations for admission tests by joining a coaching institute for one year. She took half a dozen tests for which she had to travel to Delhi, Noida, Kurukshetra, Chandigarh and Mumbai along with me. Admission involves a lot of paper work and travel. Preadmission coaching and travel costs money.


22 Hemant Beniwal

Hi Anil,
Rightly said – sometime pre-admission coaching, admission test etc can cost parents higher than cost of professional course. This happened in my MBA & my sisters’ engineering. :)


23 hrishikesh

Very good post hoping to see some tips to make this as reality. It can be really helpful for people having twins :-)


24 Rajiv.


Its really an eye opener article. In the coming days Indian Population will suffer like anything in terms of Food, Entertainment, Education and Housing. One thing is certain at this present state of India Population, Indian Middle and Upper Middle Class just cannot sustain itself for another 10-15 more years. They are surely to be exterminated, since thts wht the Darwinian Theory says.

The problem of Education is compounded to be more in the coming 10 years because Indians BREED like Rabbits. Until and unless that is not controlled, Indians deserve to suffer.



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