Cost of higher education in India – Calculator & Infographics

Financing of higher education

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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{ 25 comments… add one }
  • Lloyd October 25, 2012, 11:04 AM

    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 🙂

    • Hemant Beniwal October 31, 2012, 8:28 AM

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

  • Lakshmipathy G October 25, 2012, 1:07 PM

    Nice post Thanks Hemant

  • abhi October 25, 2012, 1:30 PM

    What a waste of money!!!!

    • Hemant Beniwal October 31, 2012, 8:29 AM

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

  • abhishake chaudhary October 25, 2012, 3:47 PM

    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.

    • Hemant Beniwal October 31, 2012, 8:32 AM

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

  • Suraj Jain October 26, 2012, 11:58 AM

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

  • Velusamy October 26, 2012, 1:28 PM

    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.


    • Hemant Beniwal October 31, 2012, 8:39 AM

      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)

  • pattu October 26, 2012, 8:41 PM

    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.

  • Ravi October 26, 2012, 10:39 PM

    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

    • Hemant Beniwal October 31, 2012, 8:43 AM

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

  • Deepak October 27, 2012, 12:43 AM


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

  • Manoj October 31, 2012, 2:57 PM

    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.

  • Jai Kishan November 7, 2012, 10:35 AM

    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.

  • ANIL KUMAR KAPILA November 19, 2012, 7:49 PM

    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.

    • Hemant Beniwal November 20, 2012, 1:05 PM

      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. 🙂

  • hrishikesh January 4, 2013, 11:03 PM

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

  • Rajiv. July 31, 2013, 3:16 PM


    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.


  • Nilanjan December 23, 2016, 4:51 PM

    Good to see however hemant still not clear that avg Indian are on avg salaried person including myself. I stretched my saving to a utmost limit but still I am far away as per your projection…. believe me my only option if my kin gets some types of scholarships.

    It will be great if you can share some more small savings scheme which in future will boost my output

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