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A budget helps one monitor expenses and spend accordingly without going overboard. In this blog, we will discuss the importance of creating a budget when studying abroad and how to use an abroad education loan to help fund that budget. The importance of creating a budget when studying abroad Following is the importance of creating a budget when studying abroad: 1. Ensure your survival It might not be easy to continue your studies while living abroad. It might be stressful to manage all of your bills that your parents have always taken care of, especially if you need their assistance. Plan for the coming month and create a budget in this situation to balance your income and spending without having to look back on it afterward. 2. Avoid unnecessary expenses Living abroad will undoubtedly involve free exploring the city, tasting local food, endless shopping, late-night shows, and partying. Nevertheless, you don't keep track of your spending. In that case, you never know when these costs may increase, leaving you destitute and eagerly anticipating your next paycheck while making you regret burning a hole in your wallet. Even though you are young, you may tend to lose track of your expenditures even though you are somewhat mature. Keeping a budget enables you to partake in life's pleasures within certain bounds and assists you in drawing the line when necessary. 3. Opportunity to invest your money You are setting the path for rewards in your life when you prepare and organize your budget in advance. You shouldn't hesitate to take advantage of a chance to invest your money in a location where doing so could benefit you.  You will always be able to advance towards a better destination since budgeting promotes savings. With a well-planned budget, you will always be in the driver's seat, whether investing in a course to advance your knowledge or using what you are learning in the real world. How to use an abroad education loan to help fund that budget? Education loans are designed to pay for living expenses while the borrower pursues a degree and tuition, books, and supplies. The list of costs you can incur to fund your budget using your education loan is as follows: 1. Tuition fees One of the two main components of education loans in India for studying abroad is the tuition fees charged by foreign colleges. An education loan in India is intended to assist students in paying their tuition costs while studying abroad. In India, all student loan repayments include tuition. So, while deciding on the overall amount of your student loans, you should prioritize covering your tuition costs. 2. Living expenses The term "factors" can refer to a wide range of things. The main living costs for a student include their rent or room and board, food, and expenses for other daily necessities like transportation to and from school, a security deposit for housing, etc. Your living expenditures should be factored into the total cost of your study abroad program. 3. Health insurance International students are frequently required to obtain health insurance by many foreign colleges. This specific cost is covered by an education loan in India for studying abroad because it is one of many students who need to study overseas. Hence, while applying for an education loan, health insurance can also be taken into account. 4. Study aid This information can also be included in the education loan details if the offer letter from your university abroad states that you are responsible for paying for field excursions and other extracurricular activities during the duration of your degree. In addition, while applying for both forms of school loans in India, students can include the price of products like books, computers, and other study supplies in their overall costs. Common mistakes to avoid while taking education loans Read More How to budget while studying abroad? Following are the tips to budget while studying abroad: 1. Use your student status As soon as you can, obtain a student ID card. With the aid of this card, you may save money on dining out, shopping, movie tickets, transit, and various cultural activities. Check out the several websites that provide excellent student discounts on activities and purchases! 2. Time to get smart Although studying abroad is expensive, you may easily make it through with the right preparation. Making a priority list is the greatest approach to determining what you need and desire. Find ways to save your money and use it smartly. Also, you may lower your everyday expenses in the following ways: Sharing accommodation Get student discount cards Buy used books or digital copies Join a library Get passes for local transport Shop during sales Purchase from community stores 3. Grab your bike Why not take a trip to your college if it is close enough? This is a far healthier alternative and saves money on transportation costs.

To find out if a professional is a suitable fit for you when you're looking for someone to manage your money, you should ask them certain questions. You may make an informed choice if you are aware of an advisor's experience, area of specialization, and typical client age range.  Integrity is possibly the most important quality a financial counselor can have. In addition to managing your personal and family savings, they will also have access to and knowledge of your most private data. This is why it's crucial to choose a reliable employee.  You'll have concerns about how your money is being managed by your financial advisor, as well as how you can spend, save, and invest intelligently, even after you've found one you can trust.  Discover the most crucial inquiries to make at your yearly or quarterly sessions with your advisor. Let’s find out some questions you should be asking your financial advisor in the first meeting. Interview questions to ask prior to hiring  An interview can help you determine whether you are a good fit with a financial advisor who has your best interests in mind by giving you an idea of their experience and potential working relationship. 1. What do you qualify for?  The advisor's credentials and position as a professional are the first things you'll want to find out. No two financial advisors are alike because there are so many different certifications available. It is best to find an advisor whose profession is customized to your particular aims because one may focus on a different area or expertise than the other.  2. Describe your payment structure Secondly, learn the fee schedule the financial advisor will use to cover costs. As an illustration, some advisors charge a flat cost and never accept commissions, whilst others may do both.  The following are typical payment strategies used by financial advisors:  Fee-only: never charges a commission, simply an hourly or set amount for specific services receives commissions for recommending products like insurance and annuities.  Fee-based: mostly collects fees for services while also taking commissions. Charges are made based on the percentage of your assets that are under management (AUM).  3. How will we cooperate?  You'll also want to ask how the relationship will function. Will you meet with your financial counselor, for instance, every year or every three months? Will they be available on weekends and virtually? It's crucial to understand their preferred mode of contact, how they intend to meet with you, and any preferences they may have for scheduling meetings.  4. What investing Philosophy Do You Adopt?  A qualified advisor understands how to deal with your level of risk tolerance and helps you navigate unforeseen obstacles, like inflation or a recession. Inquire about the procedures and data-driven approaches they have in place for circumstances like this.  5. Do you owe fiduciary owes?  Fiduciaries must always behave in their client's best interests, even when doing so is not in their own best interests. Examples of fiduciaries include banks and law firms. Before choosing to hire a financial advisor, it's critical to understand whether they are held to the fiduciary standard as not all financial advisors are or are required to be.  6. Do You Collaborate with Lawyers?  You might require a tax attorney in addition to a financial counselor if your financial position is more complicated and involves company or estate planning. Thus, an advisor who is willing to work with an attorney or who can recommend one to you can help you identify the best candidates.  7. Will you agree to sign a contract outlining your compensation?  In any case, before you work with them, a fee-only planner should feel at ease discussing and signing an agreement outlining the compensation and services that will be offered.  8. May I speak to some of your former or present clients?  Financial advisors ought to be at ease providing you with references of customers whose money they have handled. If they're not, this might be a red flag.  These are some of the best questions to ask your financial advisor before you start working with them!  

Investing money for monthly income can be a great way to generate a steady stream of cash flow. However, it is important to carefully consider your options and create a diversified portfolio that meets your income needs and risk tolerance. If you have saved up to 25 lakhs and are ready to invest it, it is the best way of earning a passive income, as it can be a great way to earn extra money without having to put in a lot of work. Investment can be the best and easiest way to earn money if done properly. Tips on how to invest INR 25 lakhs for monthly income 1. Understand your income needs Before investing, it's important to have a clear understanding of your income needs. Consider your monthly expenses, your long-term financial goals, and any other sources of income you may have. This will help you determine how much income you need each month and what type of investments to consider. 2. Consider fixed-income options Now, addressing the concern of where to invest 25 lakhs for monthly income, there are a few options. Fixed-income investments like fixed deposits and debt mutual funds can offer a steady stream of income. These investments provide a fixed rate of return and can be a good option for conservative investors who want a predictable source of income. However, keep in mind that fixed-income investments may not offer high returns and may be subject to inflation risk. 3. Invest in dividend-paying stocks Dividend-paying stocks can provide a steady source of income through regular dividends. These stocks are typically issued by stable, established companies that have a history of giving out dividends. Investing in dividend-paying stocks can be a good option for investors who want to generate income and also participate in the potential for capital appreciation. Consider investing in a diversified portfolio of dividend-paying stocks to minimize risk. Types of Investment available in India Read More 4. Consider rental property Investing in rental property can be a good option for a stable monthly income. Rental income can provide a steady source of cash flow, and the property may appreciate in value over time. However, investing in rental property requires a significant amount of capital and comes with additional risks like property management and tenant turnover. Hence, so be sure to do your research and work with a professional to ensure that your investments are successful. 5. Bonds as an investment  Bonds are another popular option for generating monthly income. When you buy a bond, you are essentially lending money to the issuer in exchange for regular interest payments. You can invest in individual bonds or in bond funds, which are mutual funds that invest in a variety of different bonds. Keep in mind that bonds are subject to interest rate risk, so their value may fluctuate based on changes in interest rates. Why investing is important? Read More 6. Invest in mutual funds Mutual funds that invest in a combination of equity and debt securities can be a good option for generating monthly income. These funds provide diversification and can offer a balance between income and growth potential. Look for income-oriented mutual funds and a systematic withdrawal plan. Consider investing in hybrid mutual funds or monthly income plans that are designed to provide regular income. Diversify your investments and reinvest dividends and capital gains. Start Investing in Mutual Funds 7. Invest in annuities An annuity is a contract between you and an insurance company that provides a guaranteed stream of income over a set period. There are different types of annuities, but fixed annuities can be a good option for generating monthly income. With a fixed annuity, you pay a lump sum upfront, and the insurance company guarantees a fixed rate of return for a period of time. 8. Consult a financial advisor Investing Rs. 25 lakhs for monthly income requires careful planning and consideration. It's a good idea to consult a financial advisor who can help you create a diversified portfolio that meets your income needs and risk tolerance. A financial advisor can also provide guidance on tax-efficient investment strategies and help you create a comprehensive financial plan. Our team at EduFund has efficient financial advisors constantly available for your help and advice, whether it is about how to invest 25 lakhs for monthly income in India or any other financial concerns you may have. Conclusion  In summary, there are different ways to invest money for monthly income, but investing Rs. 25 lakhs for monthly income requires careful consideration and planning. Consider fixed-income options, dividend-paying stocks, rental property, and mutual funds, and consult a financial advisor to create a diversified portfolio that meets your income needs and risk tolerance. With smart investment decisions, you can generate a steady stream of monthly income and achieve your long-term financial goals. And for any issue regarding these investments, our team of financial advisors is just a call away.

ICICI Prudential Mutual Fund is the second-largest asset management company in India. With over Rs 5 Lakh crore, the AMC is among the most trusted names in the mutual fund space. The AMF offers products across asset classes. Let us talk about the flagship product – ICICI Prudential Bluechip Fund.  ICICI Prudential Bluechip Fund Investment Objective To generate long-term capital appreciation and income distribution to investors from a portfolio predominantly invested in equity and equity-related securities of large-cap companies.  Investment Process   The scheme aims to maintain a minimum exposure of 80% towards equity and equity-related instruments of large-cap companies, selected based on a bottom-up approach focusing on long-term wealth creation.  Portfolio Composition  As per its investment objective, the equity exposure is majorly in large-cap stocks at 91.35%. Significant sectoral exposure is to banks that account for roughly one-fourth of the portfolio. The top 5 sectors hold nearly 58% of the portfolio.  Note: Data as of 28th Feb 2023. Source: ICICI Pru AMC  Top 5 Holdings for ICICI Prudential Bluechip Fund Name Sector Weightage % ICICI Bank Ltd Financial Services 9.34 Reliance Industries Conglomerate 8.02 HDFC Bank Ltd Financial Services 7.08 Infosys Ltd. Information Technology 6.65 Larsen & Tubro Ltd. Construction 6.55 Note: Data as of 28th Feb. 2023. Source: ICICI Pru AMC  Performance over 16 years  If you had invested 10,000 at the fund's inception, it would now be valued at Rs 66,660.  Note: Fund performance since launch; Inception Date – 23rd May 2008.  Source: icicipruamc.com  The fund has given consistent returns and has outperformed the benchmark over 15 years by generating a CAGR (Compounded Annual Growth Rate) of 13.77%. Fund Manager  The fund is ably managed by   Anish Tawakley – Managing this fund since Sep. 2018 & has overall 26 years of experience.  Vaibhav Dusad - Managing this fund since Jan. 2021 & has an overall nine years of experience  Who should invest?  The scheme is suitable for investors who wish to invest in large-cap stocks   That is relatively less volatile than other stocks,  Have a well-proven track record and solid fundamentals, and can deliver consistent long-term returns.  Why invest?  The scheme provides diversification to investors who wish to park their funds across various themes and sectors.  The benchmark sector-neutral approach gives investors confidence that the funds parked are invested in line with the benchmark.  Horizon  One should look at investing for a minimum of five years or more.  Investment through Systematic Investment Plan (SIP) may help tackle broader equity market volatility.  Conclusion  The fund has consistently outperformed its benchmark. Also, since it is a large-cap fund, it has the potential for capital appreciation with less volatility than small-cap and mid-cap funds. Hence, investors seeking to invest for a long-term time horizon intend to generate good returns with relatively lesser risk.  Disclaimer:This is not recommendation advice. All information in this blog is for educational purposes only. 

Is it possible to reduce the cost of studying abroad as a student? With thousands of Indians going abroad and opting for education loans to finance their dreams, it is a pressing question.   The cost of studying abroad can be higher for Indian students, especially since the currency is weaker than Euro or dollar. So how can you go abroad without hurting your pockets? Let’s find out.  Students should prepare for their study abroad adventure with thorough research and a methodical plan to reduce costs while studying abroad. Suggestions to help you cut costs 1. Choose your country of study from those that are the cheapest  The cost of the curriculum is greatly influenced by location; the cost of living is not the same everywhere. Due to their generally low cost of living, Asian nations, especially those in the southeast, are among the least expensive to study in. India, the Philippines, and China are a few of these. Due to their location at the opposite end of the cost-of-living spectrum from Japan and South Korea often have higher prices than the ones stated above. Consider looking at South American nations with program costs that are in the middle, such as Peru, Ecuador, and Brazil, if you desire to study there.  Sadly, studying abroad in Europe is not a cheap option. Even if you choose more affordable study-abroad locations in Europe, the overall cost of living there will still be comparable to that of life at home. But, keep in mind that even while your daily living expenditures would be cheap, some more distant locations may cost you more in flights. It's all about striking a balance, so keep that in mind as you calculate the expense of your study abroad.  Tips to arrange study abroad funding READ MORE 2. Recognize any potential unforeseen expenses  Before committing, it's also a good idea to investigate any additional costs associated with studying abroad. Although some programs may appear to be inexpensive at first sight, they may include additional costs that must be paid in person. Check that the pricing includes all expenses before submitting an application, including tuition, books, lodging and board, meals, excursions, orientation, and visa processing. Instead, if you want a more independent (and hence less expensive) study abroad program, make sure they won't charge you extra for unanticipated services once you're overseas.  At the absolute least, confirm that the expenses you believe you have covered are covered, and be ready to pay the balance as you go. Ask the service provider or school you are applying to without hesitation.  https://www.youtube.com/shorts/Dhe2ezcmKJw 3. Don't stay in upscale accommodations  You can choose from a variety of accommodation alternatives that are likely to be provided by your study abroad program provider. Be aware that more opulent accommodations typically entail higher study abroad costs. It costs less to live in university housing (like an international student dorm). If you're seeking a cheap housing solution, think about sharing a student apartment provided by the program. They can provide a little extra room for you without emptying your wallet like a single apartment or a protracted hotel stay.  Homestays, in which you live with a family for the duration of your study abroad program, are an additional choice to take into account. Hey, the price of a homestay is way higher than other options not great for my study abroad cost estimate but hear us out. Because homestays often include 1-2 meals per day, you'll reduce your overall expenses while also enjoying great home-cooked cuisine and forming connections that will probably last a lifetime. Not bad considering the cost, eh?  Finding your own apartment is a third alternative to think about, but it can be expensive, time-consuming, and difficult to negotiate in a foreign real estate market. There can be higher upfront costs or even worse things like burst pipes or undetected insect infestations. Blech. Even if you DO find an independent choice that is cheaper, sometimes the peace of mind regarding the quality of accommodation and accessibility to assistance (in relation to your program provider) more than justifies the price difference.  The financial impact of borrowing education loans to study abroad Read More 4. Go overseas to school in a tiny city  Large cities have expensive prices. Here's another illustration of a geographic choice YOU may make that can ultimately impact the bottom line. We know you adore Paris or that you would give anything to live among the Tokyo lights, but perhaps you should postpone those long-term experiences until you are older (and have more of a disposable income). You can still go on weekend excursions in the major cities, and as noted, you can always go back eventually (perhaps as an expert or while working as an English teacher abroad after graduation!).  The affordability of smaller, more rural cities is like Iowa's cost of living is lower than Chicago's. Manchester is exchanged for London, Milan for Rome, and Xian for Beijing. You get the picture.  5. Avoid going on weekend trips  If weekend excursions need an additional fee that is optional, skip them and do the same thing on a shoestring budget. In addition to giving you extra money to spend on (well-deserving) indulgences if you complete a similar journey successfully without their assistance, it will be a pleasant exercise in your own travel planning abilities.   Good tip: If you're laid back, walking is always free and a lot of fun. Walking around your new city will help it seem more like home while also saving you money. Consult an expert advisor to get the right plan TALK TO AN EXPERT

UTI is one of the pioneers of the Indian Mutual Fund Industry. With over Rs 2.4 Lakh crore, the AMC is one of the most trusted names in the mutual fund space. The UTI Mutual Fund offers products across asset classes. Let us talk about the flagship product – UTI Infrastructure Fund. About UTI Infrastructure Fund  Investment objective: The investment objective of the Scheme is to provide long-term capital appreciation by investing predominantly in equity and equity-related securities of companies engaged either directly or indirectly in the infrastructure areas of the Indian economy. However, there can be no assurance or guarantee that the investment objective of the Scheme will be achieved.  Investment process:   The fund would predominantly invest in stocks of companies engaged either directly or indirectly in the infrastructure areas of the Indian economy: The infrastructure sector is a crucial driver of the economy, playing an essential role in propelling India's overall development. The fund emphasizes a bottom-up strategy for stock selection and is positioned to profit from the early revival in the investment cycle. The fund would be agnostic to market capitalization. However, it may take concentrated exposure to certain stocks or sectors.   Portfolio composition  The portfolio holds significant exposure in large-cap stocks at 64%, and major sectoral exposure is to Construction and Capital Goods that combinedly account for roughly one-third of the portfolio. The top 5 sectors hold more than 63% of the portfolio. Note: Data as of 28th Feb. 2023. Source: UTIMF   Top 5 Holdings for UTI Infrastructure Fund  Name Sector Weightage % Larsen & Toubro Ltd. Construction 9.94 Bharti Airtel Ltd. Telecom 9.27 NTPC Ltd. Power 5.97 Ultratech Cement Ltd. Construction Materials 5.93 Reliance Industries Ltd. Oil, Gas & Consumable Fuels 4.82 Note: Data as of 28th Feb. 2023. Source: UTIMF  Performance since inception  If you had invested 10,000 at the time of the fund's inception, it would now be valued at Rs. 89,192, whereas the benchmark (Nifty Infrastructure TRI) would have fetched you only Rs 54,474.  Note: Performance of the fund since launch; Inception Date – 07th Apr. 2004 Source: utimf.com  The fund has consistently outperformed the benchmark and generated significant alpha. Investors must remain invested for a longer horizon to see the fund outperforming the benchmark.  https://www.youtube.com/shorts/YmYLCMZp5CA Fund Manager  Mr. Sachin Trivedi ably manages the fund. Mr. Sachin Trivedi is Senior Vice President and designated Head of Research & Fund Manager, Equity at UTI AMC Ltd. He is a B.com graduate from Narsee Monjee College of Commerce, Mumbai. He holds a post-graduate degree in management (MMS) from the K. J. Somaiya Institute of Management Studies &; Research, Mumbai University. He also holds a CFA charter since 2004 conferred on him by the CFA Institute, USA. He began his career in June 2001 with UTI. Sachin has 16 years of experience in research and portfolio management. In research, he has specialized in Auto OEM, Utilities, Capital Goods, and Logistics.  Who should invest?  Investors looking to  Invest in a fund following a theme of investing in stocks of companies engaged directly or indirectly in the infrastructure areas of the Indian economy.  Have a tactical allocation to their overall equity portfolio  Increase the risk spectrum of their portfolio with exposure to a thematic portfolio philosophy  Why invest?  Increasing spending on Infrastructure by Govt. of India would potentially drive the infrastructure sector to outperform broader indices in the medium to long term.  The fund provides risk diversification through investments in several stocks of the same sector in a cost-effective manner.  Horizon  Ideal for investment with a time horizon of, preferably, five years or above   Investment through Systematic Investment Plan (SIP) may help in tackling the volatility of the broader equity market.  Conclusion  The UTI Infrastructure Fund is ideal for a tactical allocation, with relatively better return potential than the diversified equity funds. This fund is best if you are bullish on infrastructure themes and ready to take high risks.  DisclaimerThis is not recommendation advice. All information in this blog is for educational purposes only.

Many investors panic when the whispers of a slowdown or recession start to take place. The fear of recession stops them from investing, and because of this, they lose a significant opportunity to accumulate good investments at cheap or reasonable valuations. In this article, we will dig deeper into whether it is good to invest in mutual funds during a recession and see the best recession investments so that your portfolio is protected. Is it good to invest in mutual funds during a recession?  Economies go through a cycle. There will be phases of booming as well as downturn. During a slowdown or recession, businesses with weak fundamentals suffer the most, and those with strong fundamentals protect your portfolio. In such scenarios, diversification plays a crucial role. If you have invested your entire money into a single stock with weak fundamentals just because it delivered impressive returns during good times, it can cost your life's savings. Because of this, mutual funds, which are well-diversified investments, can help you to protect your portfolio in tough times.  Mutual funds are professionally managed investments where funds are invested in various stocks and not just one company. Due to this, you get exposure to all the companies in which the mutual fund has invested when you invest in that mutual fund scheme. This reduces your risk significantly and gives a shield to your portfolio. By investing in mutual funds during the recessionary phase, you can accumulate good investments which would reap the benefits when the economic conditions improve. Hence, a mutual fund is a good investment option during a recession.  Best investments during a recession  You might also come across these questions – “Which are the best investments during a recession” or “which are the recession-proof investments?” To answer these questions, you can consider the following points.  Small companies, companies with weak fundamentals, and companies having large debt on their balance sheet are the ones likely to suffer the most during tough times.  Large companies that have substantial market share and companies that sell products that are non-discretionary and have strong demand are expected to perform better than the others.  During hard times, corporate governance and management competence decide the fate of the businesses. Hence, investing in businesses that are professionally managed and run with good business ethics is essential.  Apart from equities, gold is considered a hedge against inflation and holds its value even during a recession.  Debt funds with low risk or Gilt funds can provide you with some capital protection during the short term of difficult times.   Best funds to invest in during a recession  Considering the factors mentioned above, well-diversified large-cap mutual funds and consumer staple funds provide the opportunity to protect your portfolio and can be the best recession investments. Also, one can consider investing in dividend yield funds during the recessionary phase because these companies are supposed to have strong balance sheets; otherwise, they won't be able to pay high dividends. Small-cap funds can be a good option for aggressive investors with long-term time horizons. A risk-averse person can consider investing in a multi-asset mutual fund as it invests in various asset classes such as stocks, gold, debt, etc. Investing in various asset classes reduces the overall risk and can protect you in the downturn. Other points to be considered during the recessionary phases  It is essential to keep investing, no matter the economic condition. Yes, the investment strategy may be changed, but stopping to invest will harm you in the long run. This is because money loses its value over time, and only investing in the proper manner and asset classes can save you from inflation. Another point to note is that keeping a long-term view while investing is essential. Because economic conditions do not always remain the same, you will see bear markets followed by bull runs. It becomes imperative to have a long-term time horizon while investing. And lastly, you should review and rebalance your portfolio periodically.  Conclusion  Continued investments are the best strategy for investing, and investors should keep investing rather than waiting for the best investments during the recession. And if you still need clarification, consider calling us for a discussion.  Consult an expert advisor to get the right plan TALK TO AN EXPERT

Studying abroad provides a great opportunity for students to gain valuable experience, expand their horizons, and make lifelong connections. However, the cost of studying abroad can be a significant barrier for many students. The upside is that there are ways to make studying abroad more affordable, including education loans specifically designed for international students. Tips for students who are considering studying abroad but are worried about the cost 1. Research scholarship opportunities Many universities offer scholarships and financial aid to international students. Researching and applying for these scholarships can significantly reduce the cost of studying abroad. Additionally, there are many third-party organizations that offer scholarships to international students. 2. Consider a less expensive country The cost of living and tuition fees can vary significantly from country to country. Consider studying in a less expensive country to reduce costs. For example: studying in India or China can be significantly less expensive than studying in the United States or Europe. 3. Plan a budget It is important to plan a budget and stick to it when studying abroad. Make sure to consider all expenses, including tuition fees, accommodation, transportation, food, and other living expenses. Living frugally and budgeting carefully can help reduce the overall cost of studying abroad. 4. Start early Begin the application process early, as it may take some time to gather all the required documents and submit them. Make sure you meet all the application deadlines. 5. Be open-minded Be open to new experiences, cultures, and people. Studying abroad can be challenging, but it can also be an enriching and rewarding experience if you are willing to step out of your comfort zone. 6. Work part-time Many countries allow international students to work part-time while studying. Working part-time can provide an additional source of income and help cover living expenses. 7. Explore education loans for international students An abroad education loan is a type of student loan that covers the cost of tuition fees, living expenses, and travel expenses for students who wish to study abroad. It is a specialized loan that is designed to help students afford the high cost of studying in another country.  Many banks and financial institutions offer education loans specifically designed for international students. These loans can cover tuition fees, accommodation, and living expenses. They often have flexible repayment options and low-interest rates, making studying abroad more affordable. Here are some ways an abroad education loan can help make studying abroad more affordable: Covering tuition fees: An abroad education loan can cover the tuition fees charged by universities and colleges abroad, which can be a significant expense. Accommodation expenses: The cost of accommodation can be quite high in some countries. An abroad education loan can help in covering the expenses related to housing and other living expenses. Travel expenses: Travel expenses can also add up to the cost of studying abroad. An abroad education loan can help in covering the cost of airfare, visa fees, and other related expenses. Flexible repayment terms: Most education loans for studying abroad come with flexible repayment terms. This means that students can repay the loan after they graduate and start working. This can give students time to establish themselves in their careers before having to worry about repaying their loans. Low-interest rates: Education loans for studying abroad typically come with low-interest rates. This makes them more affordable than other types of loans, like personal loans or credit card debt. No collateral required: Most education loans for studying abroad do not require collateral. This means that students do not have to put up any assets as security for the loan. This can be a great relief for families who do not have significant assets to offer as collateral. Access to global education: Studying abroad can provide students with access to world-class education and research facilities. It can also provide students with exposure to different teaching methods and perspectives that can enhance their learning experience. Conclusion  In conclusion, studying abroad can be an excellent opportunity for students to gain valuable experience and expand their horizons. While the cost of studying abroad can be a significant barrier, there are ways to make it more affordable. Researching scholarship opportunities, planning a budget, considering less expensive countries, and exploring education loans for international students can help make studying abroad a reality. By taking advantage of these resources, students can open up new opportunities and experiences that will benefit them for the rest of their lives. There are always ways to get financial aid in various forms. As for any confusion regarding this or any other financial concerns, we have a team of efficient financial advisors just a call away.

The process of transferring an abroad education loan from one school or program to another and when it might be necessary to do so. You must thoroughly examine a loan provider's terms and conditions for loans for international education before choosing them. But what if you wind up taking out an education loan from a lender with extremely high interest rates, whose loan repayment terms are inconvenient for you, or if you wish to switch schools or programs? If you find yourself in such a circumstance, there is a solution that you may learn about by reading this article. Can I transfer my education loan from one bank to another Moving high-interest debt from one lender to another with a much lower interest rate and better repayment terms is an education loan transfer. Lenders, in this case, include banks and NBFCs. Banks like SBI, Union Bank, and Bank of Baroda offer takeover loan programs to transfer student loans. You may effortlessly switch your expensive education loan to SBI through the takeover loan program to lower monthly EMIs. The highest loan limit for this is INR 1.5 crores, with no processing cost. 3 Steps on how Education Loan works? Read More Eligibility Criteria for Education Loan Transfer Only if the loan applicant meets the following requirements may they apply for an education loan transfer: There should be no more loan disbursements from the existing lender for the applicant. It indicates that no more money may be borrowed from that lender because the disbursements have already been made. The borrower's CIBIL score and the repayment of the previous loan must have begun in the form of EMIs. Go here to learn more about the CIBIL score. The financing has to be a new takeover. Applying for Education Loans Read More Process of Education Loan Transfer Your former lender will offer you a statement regarding the outstanding loan amount that has to be repaid after you decide to transfer your loan. The bank offering the student loan refinancing must then get the presented statement. After receipt of this statement, the loan application procedure will start as usual. When the loan has been approved, the new bank will send a check to pay off any outstanding debts owed to the previous lender. Because the risk component connected with the new bank is relatively minimal, takeover loans always have lower interest rates than new loans. https://www.youtube.com/shorts/Icp7ASAGrjw Other Terms and Conditions for Education Loan Transfer The new bank will take over the current collateral if you move an education loan with collateral. In contrast, if you want to move a non-collateral loan to a public bank that typically provides loans based on collateral, you will need to provide the specific public bank with valuable collateral. The collateral will secure no loan margin and a 100% loan amount. Because of the lower interest rates and better repayment options, moving student loans from one bank to another is usually advantageous. Nonetheless, to prevent any losses, think about researching previous patterns in loan transfers before making the decision. https://www.youtube.com/watch?v=9EAyvncisU4 Can we transfer education loans from one university to another? Certainly, but you must inform the bank about the change and provide the necessary paperwork. You could now wonder, "If I switch universities, would I have to refund any loan amounts?". The short answer is no. You won't be required to repay any loan sums if you switch universities. But, to take advantage of the most current modifications, you must speak with the bank. You must also present the necessary paperwork, including a letter of acceptance from the new school, proof of any scholarships you may have earned, and other records specified by the bank. How long will it take for the bank to approve my request to switch universities? Depending on the bank's internal procedures and the intricacy of your request, the time it takes to accept your request to move universities may change. It is advised that you contact your bank as soon as possible to establish a rough schedule. Which bank is best for education loans abroad  Finding the best bank for school loan programs might take a lot of work because so many banks provide these loans. Following are the best banks and education loans to study abroad: The State Bank of India: SBI Global Ed-Vantage Scheme The Bank of Baroda: Baroda Scholar Scheme The Punjab National Bank: PNB Udaan Scheme Canara Bank: IBA Model Loan Product For Higher Studies Abroad There is no such thing as a sure thing, and during your time studying abroad, you can decide that you want to switch colleges or countries after your loan has been approved and occasionally disbursed. You won't need to worry about the changes afterward.

Earlier we read about the three costliest ETFs regarding their expense ratio. In this article, we will know the three cheapest ETFs regarding their expense ratio.  Two of the most successful long-term investment vehicles are mutual funds and exchange-traded funds (ETFs). You may even have some of these in your pension fund.   However, a part of your portfolio is dedicated to a charge termed an expense ratio each year. It's critical to understand the costs you're paying no matter what you're investing in.  And, given the prevalence of mutual funds and exchange-traded funds (ETFs), many of us pay an annual expense ratio out of our portfolios.  What is an Expense Ratio?  The fee that mutual funds or exchange-traded funds charge investors is the Expense ratio. This charge covers the costs of management, asset allocation, marketing, and other services.   These charges are calculated as a portion of an investor's annual cost. ETF expense rates are often less than 1%. That means you spend less than $1 per year on expenses for every $100 you invest. Three cheapest ETFs in terms of their expense ratio Rank ETF SymbolExpense Ratio1 JP Morgan Betabuilders U.S. Equity ETFBBUS0.02%2 Vanguard Total Stock Market ETFVTI0.03%3 iShares Core S&P 500 ETFIVV0.03% 1. JP Morgan Betabuilders U.S. Equity ETF  BBUS invests in the top 85% of stocks in the US equity market by market capitalization across all sectors. The fund includes large-cap and mid-cap stocks.   Common shares, preferred shares, and REITs are forms of equity securities. BBUS, part of the "BetaBuilders" suite, offers low-cost, plain-vanilla access to US stocks, except for small-cap enterprises, which can be used as a primary investment or complement BBMC or BBIN.   The fund might invest up to 20% in futures to track the index more closely. The index recalibration is done every three months. The MSCI ESG Fund Rating for JPMorgan BetaBuilders U.S. Equity ETF is AA, with 7.61 out of ten Performance  Performance [as of 18/03/22]1 year3 years5 years10 yearsBBUS10.62%17.92%--MSCI USA IMI12.14%17.85%15.10%14.24% The fund invests entirely in the United States.  Top 10 Holdings  Source: etf.com BBUS details  BrandJPMorganExpense Ratio0.02%YTD Return-7.79%AUM$1.05BNumber of Holdings632Avg. Spread ($)$0.04Average Daily $ Volume$8.51M 2. Vanguard Total Stock Market ETF  VTI is a strong option for buyers or investors looking for broad equity exposure across the market, including micro-caps. The fund is impartial, with no gambles on businesses, sizes, or styles.   The fund is handled passively and is always fully invested. The ETF has tracked various broad indexes over the years, including Dow Jones, MSCI, and, as of June 2013, CRSP. Its current index closely resembles the MSCI benchmark.   Like all other Vanguard ETFs, portfolio transparency is reported monthly rather than daily. The MSCI ESG Fund Rating for Vanguard Total Stock Market ETF is AA, with 7.36 out of 10.  Performance  Performance [as of 18/03/22]1 year3 years5 years10 yearsVTI3.94%15.79%13.74%13.58%CRSP U.S. Total Market6.94%16.74%14.33%13.73% The fund invests entirely in the United States.  Top 10 Holdings  Source: etf.com  VTI details  BrandVanguardExpense Ratio0.03%YTD Return-7.81%AUM$285.63BNumber of Holdings4033Avg. Spread ($)$0.03Average Daily $ Volume$1.22B 3. iShares Core S&P 500 ETF  IVV, one of the numerous ETFs that reflect the S&P 500 Index, provides good exposure to large-cap stocks.   Despite popular belief that the S&P 500 index gives pure market-cap access to the US market, the index's committee has the authority to omit individual companies.   IVV also has a smaller skew than our benchmark because it trades at a lower market capitalization. Nonetheless, our research shows that these discrepancies are mainly academic, as the fund provides excellent coverage.   IVV is organized as a 1940 Act Fund, which, in comparison to other structures, makes it more appealing to buy-and-hold investors because dividends are investible.   The fund issues daily positions. The MSCI ESG Fund Rating for the iShares Core S&P 500 ETF is AA, with 7.79/10.  Performance  Performance [as of 18/03/22]1 year3 years5 years10 yearsIVV8.98%16.70%14.35%13.97%S&P 50011.53%17.54%14.91%14.25% The fund invests entirely in the United States.  Top 10 Holdings  Source: etf.com IVV details  BrandiSharesExpense Ratio0.03%YTD Return-7.13%AUM$324.85BNumber of Holdings507Avg. Spread ($)$0.03Average Daily $ Volume$3.99B FAQs What ETF has the lowest fees? JP Morgan Betabuilders US Equity ETF   Vanguard Total Stock Market ETF   iShares Core S&P 500 ETF What is the expense ratio? These charges are calculated as a portion of an investor’s annual cost. ETF expense rates are often less than 1%. That means you spend less than $1 per year on expenses for every $100 you invest.   The fee that mutual funds or exchange-traded funds charge investors are Expense ratio. This charge covers the costs of management, asset allocation, marketing, and other services.    How much should I invest in my child’s education?   Saving money without a target is challenging. As soon as your child decides what they want to pursue, look out for colleges or universities that offer the course and do your research to find out the tuition fees and accommodation costs to get an idea of the total cost of education and then explore saving plans that can help you accumulate the amount you need for college.   How can I save for my child’s higher education?   It is extremely important for parents to realize that their saving needs to beat inflation for them to afford the future cost of education. They should choose an asset class that provides them with inflation-beating returns. In most cases, mutual funds offer better returns than other investment vehicles, which can help parents save for their child’s education. 

ETFs, like index mutual funds, monitor a benchmark index passively. As a result, the top ETFs have the lowest expense ratios. If you're looking for an ETF that mirrors the S&P 500 Index, the one with the minor expense ratio is likely to be the best option. If the expense ratios are close, you should choose the one with the most assets under management. If you're searching for the best ETFs to invest in, the largest ETFs by assets under management are a great place to start. Unlike their mutual fund siblings, exchange-traded funds (ETFs) with the most money invested in them can have benefits over ETFs with fewer assets under management.  The total market value of the securities that a person or corporation manages on behalf of clients is known as assets under management (AUM).   The standards and methods for assets under management differ from firm to firm. Some financial firms calculate AUM by including cash deposits, unit trusts, and money. Others limit it to funds under permissive management, in which the investors deputized trading rights to the corporation.  One of the most important characteristics when purchasing exchange-traded funds (ETFs) is assets under management. Trading volume, costs, and monitoring records are valuable data points to investigate. Investors avoid buying sparsely traded ETFs, which explains the high holdings and trading volume.  There is the possibility for more severe price movements when there are fewer investors (implying lower volume) (or what is called the "spread"). ETFs can trade at a markup or a discount, just like closed-end mutual funds. The greater the assets and trading volume, the narrower the spread.  Finally, ETFs with a solid track record are usually preferable to those with a poor track record. The ETF's tracking record indicates how closely it has followed the benchmark. The better the fund performs, the closer it gets to the bar.  Returning to the initial premise, ETFs with the most assets under management have more trading volume, lower expenses, and better monitoring. As a result, the most significant feature of the best ETFs to look for is assets under management.  An ETF's AUM is calculated by multiplying the shares outstanding by the current market price per share. The value of an ETF's assets will fluctuate due to changes in the underlying securities' weight and the formation of new shares or redemption of current shares.   It's worth mentioning that the market capitalization of an ETF and the net asset value (NAV) of its underlying securities may differ. The discrepancy results in a discount or a premium in the ETF's trading price.  Top 3 ETFs with the highest AUM Sr NoSymbolNameAUMAverage Daily Share Volume (3 Months)1SPYSPDR S&P 500 ETF Trust$386,633,000.00112,509,6802IVViShares Core S&P 500 ETF$310,256,000.008,616,1863VTIVanguard Total Stock Market ETF$273,050,000.005,093,524 1. SPDR S&P 500 ETF Trust Essentials IssuerState StreetBrandSPDRStructureUITExpense ratio0.09%InceptionJan 22, 1993Index TrackedS&P 500 IndexSegmentEquity US Large CapWeighting SchemeMarket Cap 2. iShares Core S&P 500 ETF Essentials IssuerBlackrock Financial ManagementBrandiSharesStructureETFExpense ratio0.03%InceptionMay 15, 2000Index TrackedS&P 500 IndexSegmentEquity US Large CapWeighting SchemeMarket Cap 3. Vanguard Total Stock Market ETF Essentials IssuerVanguardBrandVanguardStructureETFExpense ratio0.03%InceptionMay 24, 2001SegmentEquity US Total MarketWeighting SchemeMarket Cap FAQs How can I save for my child’s higher education? It is extremely important for parents to realize that their saving needs to beat inflation for them to afford the future cost of education. They should choose an asset class that provides them with inflation-beating returns. In most cases, mutual funds offer better returns than other investment vehicles, which can help parents save for their child’s education.  What ETF has the lowest fees?   JP Morgan Betabuilders US Equity ETF   Vanguard total stock market ETF   iShares Core S&P 500 ETF  What is an expense ratio? The fee that mutual-fund or exchange-traded fund charge investors are Expense ratio. This charge covers the costs of management, asset allocation, marketing, and other services.    These charges are calculated as a portion of an investor’s annual cost. ETF expense rates are often less than 1%. That means you spend less than $1 per year on expenses for every $100 you invest.   How much should I invest in my child’s education? Saving money without a target is challenging. As soon as your child decides what they want to pursue, look out for colleges or universities that offer the course and do your research to find out the tuition fees and accommodation costs to get an idea of the total cost of education and then explore saving plans that can help you accumulate the amount you need for college.   What were the top 3 ETFs in 2022? SPDR S&P 500 ETF Trust   iShares Core S&P 500 ETF   Vanguard Total Stock Market ETF What is an ETF?   An exchange-traded fund is an investment vehicle similar to a mutual fund. ETFs are traded on stock exchanges. ETF tracks a commodity, index, bond, or basket of assets like an index fund.   Should I put all my savings into an ETF? It is extremely dangerous to put all your savings into one asset class. As the popular saying goes, ‘Don’t put all your eggs in one basket,’ investors should look to diversify their portfolios.  Is ETF better than a mutual fund?   ETFs and mutual funds are two different investment vehicles for investors. ETFs are both actively and passively managed, but most are passively managed. Most mutual funds are actively managed by fund managers. An investor needs to understand what an investment vehicle offers and how it can help them reach their goal. There’s no right answer to this question, as it differs based on an individual’s financial goals.    

The United States is an attractive destination for those looking to pursue an MBBS, with its highly regarded medical facilities and top-notch professionals who can provide students with endless career opportunities.  In addition, studying in the USA offers access to state-of-the-art medical technology and updated educational resources. Medical universities in the USA also have strong ties to renowned hospitals, further enhancing students' learning experiences.  The cost of pursuing an MBBS in the USA from top institutions ranges from 18,000 USD to 86,000 USD annually. For Indian students, the average cost of MBBS fees in the USA falls between 18 and 52 Lakhs. It is recommended that students apply between April and June to take advantage of this program.  This article provides comprehensive research on the fees and other expenses associated with pursuing an MBBS in the USA. Factors affecting the total expense of MBBS study in the USA  When considering the expenses of studying MBBS in the USA, one must take into account the cost of tuition fees and living expenses. The overall cost can seem quite significant, as the cost of living in the USA is generally high and can vary depending on the location. These expenses can be divided into three main categories: tuition fees, living expenses, and pre-arrival and post-arrival costs.  However, it is also important to consider the pre-arrival costs associated with studying MBBS in the USA. These expenses include various costs that must be incurred before arriving in the country.  Pre-arrival fees for MBBS programs in the USA  Before traveling to the USA to study MBBS, there are certain pre-arrival costs that must be taken into consideration. These expenses include:  Entrance Exam: Most medical schools in the USA require applicants to take the MCAT (Medical College Admission Test) as a prerequisite for admission. The cost of taking the MCAT can range from $320 to $410 depending on the location and date of the exam.   Flight Tickets: The cost of flight tickets to the USA varies depending on the airline, season, and location of departure. It is advisable to book tickets well in advance to get the best deals.  Medical Checkup: International students are required to undergo a medical checkup before entering the USA. The cost of this checkup varies depending on the country of origin and the medical facility.  Student Visa Fees: International students are required to obtain a student visa to study in the USA. The application fee for a student visa is $160, and it may take several weeks for the visa to be processed.  Medical Insurance: Most universities in the USA require international students to have medical insurance. The cost of medical insurance can vary depending on the coverage provided.  It is important to keep in mind that these pre-arrival costs are in addition to the tuition fees and living expenses associated with studying MBBS in the USA.  Post-arrival fees for MBBS studies in the USA  The cost of studying MBBS in the USA can be divided into two main categories: tuition fees and cost of living.  Tuition Fees: The tuition fees for an MBBS course in the USA can range from 18,000 USD to 86,000 USD per year. For Indian students, the fees can range from INR 17 Lakhs to 55 Lakhs per year. The fees vary depending on the medical school and program selected.  Cost of Living: The cost of living in the USA can range from 1,200 USD to 2,500 USD per month. This cost includes accommodation fees, room and board, food, travel, study materials, and other expenses. The living expenses can vary depending on the location and lifestyle of the student.  In addition to the tuition fees and living expenses, international students must also consider pre-arrival and post-arrival costs, such as entrance exams, flight tickets, medical checkups, student visa fees, and medical insurance.  It is important to note that the cost of studying MBBS in the USA can be quite high. However, there are various scholarships and financial aid options available for international students to help offset these expenses.  Cost of MBBS Education in the USA  When it comes to studying MBBS in the USA, tuition fees play a significant role in determining the cost. The MBBS course fees in the USA can range between 18,000 USD to 86,000 USD per year, depending on the university and its location. Here is a list of some top medical institutions along with their annual average fees in USD and INR.  Harvard University charges 66,000 USD or 51.64 Lakhs INR per year  Stanford University charges 55,300 USD or 42.91 Lakhs INR per year  Johns Hopkins University and the University of California, Los Angeles (UCLA) charge almost similar fees, which are 55,680 USD or 43.15 Lakhs INR and 49,400 USD or 38.29 Lakhs INR, respectively.   Yale University charges 59,000 USD or 45.79 Lakhs INR per year  The University of California, San Francisco (UCSF) charges 49,400 USD or 38.29 Lakhs INR per year.   Columbia University charges the highest fees among these institutions, which is 63,9000 USD or 49.55 Lakhs INR per year.  The University of Pennsylvania, Duke University, and the University of California, San Diego also charge substantial fees, ranging from 47,700 USD or 36.97 Lakhs INR to 62,100 USD or 48.12 Lakhs INR per year.  Cost of living in the USA for Indian Students  The cost of living for an international student pursuing an MBBS in the USA includes various expenses, such as accommodation fees, food, electricity, stationary, transportation, and miscellaneous expenses. The monthly cost of accommodation ranges from 1,000 USD to 2,500 USD, depending on the type and location of the accommodation. On average, students spend around 1,475 USD per month on accommodation.  The cost of food can range from 300 USD to 1,000 USD per month, with an average cost of 500 USD per month. Electricity bills usually cost around 75 USD per month. Stationary expenses, including books, materials, and supplies, can range from 100 USD to 500 USD per semester or quarter, with an average cost of 250 USD per month.   Transportation costs also vary depending on the location and mode of transportation, with an average cost of 150 USD per month. Miscellaneous expenses, such as health insurance, personal care items, and leisure activities, can range from 100 USD to 500 USD per month, with an average cost of 200 USD per month.  Studying MBBS in the USA is a significant investment for international students. The cost of studying MBBS in the USA involves both pre-arrival and post-arrival expenses, including entrance exam fees, flight tickets, medical checkups, visa fees, medical insurance, tuition fees, and cost of living expenses.   The tuition fees for MBBS in the USA vary depending on the institution and location, ranging from 18,000 USD to 86,000 USD per year. The living expenses, which include accommodation, food, transportation, and other miscellaneous costs, can range from 1,200 USD to 2,500 USD per month.   Therefore, it is essential for students to plan their finances and research thoroughly before making a decision to study MBBS in the USA. Despite the high costs, studying MBBS in the USA offers excellent opportunities for students to gain a world-class education, access to advanced medical facilities, and exposure to diverse cultures and experiences. 

Canada has become a popular destination for international students who are looking for quality education at an affordable price. With a reputation for being a welcoming and safe country, Canada offers a range of universities that cater to students from around the world.   The best and most cheap education may be found in Canada, one of the top locations for international students. Canada is one of the most affordable countries that offers top-notch education, with tuition fees ranging from 12,000 to 30,000 CDN annually.  Hence, we can assure you that you're in the proper place if you're seeking cheap and economical institutions in Canada. Continue reading to learn about some of the most affordable institutions in Canada, as well as some of the most well-known Canadian cities, such as Toronto, Quebec, Vancouver, etc. 11 universities in Canada for international students 1. Brandon University  Located in Manitoba, Brandon University offers low tuition fees for international students. The university has a reputation for small class sizes and personalized attention from professors. The tuition fee for international students is approximately $12,000 CAD per year.  https://www.youtube.com/watch?v=x9B8449Iuw4 2. Memorial University of Newfoundland  The Memorial University of Newfoundland is located in St. John's and offers a range of programs at affordable prices for international students. The tuition fee for international students is approximately $11,000 CAD per year.  3. University of Manitoba  Located in Winnipeg, the University of Manitoba is one of Canada's largest universities and offers affordable tuition fees for international students. The tuition fee for international students is approximately $16,000 CAD per year.  Affordable Universities in the UK Read More 4. University of Prince Edward Island  The University of Prince Edward Island is located in Charlottetown and offers affordable tuition fees for international students. The tuition fee for international students is approximately $12,000 CAD per year.  https://www.youtube.com/watch?v=nyV0rwJu-7c 5. Athabasca University  Athabasca University is a distance education university that offers affordable tuition fees for international students. The tuition fee for international students is approximately $9,000 CAD per year.  https://www.youtube.com/watch?v=k8c_dfmXMkA 6. University of Saskatchewan  Located in Saskatoon, the University of Saskatchewan offers affordable tuition fees for international students. The tuition fee for international students is approximately $20,000 CAD per year.  https://www.youtube.com/watch?v=MwclWJ8Q2ZE 7. University of Regina  The University of Regina is located in Saskatchewan and offers affordable tuition fees for international students. The tuition fee for international students is approximately $20,000 CAD per year.  https://www.youtube.com/watch?v=2d3XNHbB8II 8. University of Northern British Columbia  The University of Northern British Columbia is located in Prince George's and offers affordable tuition fees for international students. The tuition fee for international students is approximately $20,000 CAD per year.  9. University of the Fraser Valley  Located in Abbotsford, the University of the Fraser Valley offers affordable tuition fees for international students. The tuition fee for international students is approximately $16,000 CAD per year.  10. Vancouver Island University  Vancouver Island University is located in Nanaimo and offers affordable tuition fees for international students. The tuition fee for international students is approximately $17,000 CAD per year. 11. The University of Toronto (Free University)  The University of Toronto offers a program called the School of Continuing Studies, which offers free courses online. These courses are available to anyone, anywhere in the world, and are a great way to explore a new subject or learn a new skill.  Check out our College Cost Calculator to know the future cost of studying!   In conclusion, there are numerous affordable universities in Canada from which to choose. Foreign students typically choose institutions with affordable tuition and academic programs that have won awards. Also, the majority of Canada's affordable universities have strong placement and ROI rates for international students.  FAQ Can I study in Canada for 10 lakhs?  Schooling in Canada could indeed cost anywhere between rs 10 lakh to 40 lakhs INR for a foreign student. In Canada, the annual tuition for undergraduate programs ranges from 5 lakhs to 10 lakhs INR. In Canada, the cost of living for students can range from 1.4 lakhs to 5 lakhs per year (based on the choice of accommodation).  Is Canada cheap to study in?  Canada has considerably lower tuition fees when compared to other affluent nations like the US and the UK. An overseas undergraduate student should budget, on average, 30 lakhs for one academic year, according to Statistics Canada. Can a poor student study in Canada?  If you want to study for free in Canada, you can pick a school with affordable tuition or get a part-time job. Another means of reducing your expenses is to apply for scholarships. International students are eligible to apply for a range of scholarships offered by different organizations and institutions.  Is Canada cheap to study for Indian students?   It is undoubtedly more expensive to study in Canada than in India. Nonetheless, studying in Canada is far less expensive than in other top nations like the US and the UK.