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Entrance exams are fundamental for advancing in a profession, and sometimes the more expensive the career exam, the more rewarding it proves for your professional life. If you want to know about “what are the most expensive career exams to take”, then you have come to the right place as this blog is going to deal with this query. Entrance exam in India with fees Career exams from reputed universities help you in creating a successful career path. Even education counselors recommend admission to popular universities as it helps in achieving desired career goals.  The most expensive career exams are in engineering, law, medicine, arts, and management. Let us go through some of them to get a clear picture of the cost of appearing in such exams. 1. GMAT The GMAT exam is for students who want to pursue an MBA course abroad. The cost of GMAT exams is $275 (INR 22,588.50) GST inclusive for Indian students. It is applicable for both online and offline exams.  2. JEE (AIEEE) Since the year 2014, AIEEE has been replaced with JEE exams. These are conducted in two stages, JEE Main and JEE Advanced, for admission to engineering colleges all over India.   3. JEE Main The cost of JEE Main entrance exams in India is INR 650 per paper for boys and INR 325 per paper for girls of the General category, and INR 325 per paper for both boys and girls of SC/ST/PWD/Transgender categories.  For outside India, the cost is INR 3,000/paper for boys and INR 1,500/paper for girls of the General category, and INR 1500/paper for both boys and girls of SC/ST/PWD/Transgender categories.  4. JEE Advanced The total cost of JEE Advanced is INR 2600 + GST for boys of the General category and INR 1300 + GST for boys of SC/ST/PWD/Transgender categories. Female students belonging to any category do not have to pay the fees.  5. NLU (CLAT)  NLU or the National Law Universities conduct CLAT for BBA LLB, BA LLB, LLM, etc.  The cost of the exams for both boys and girls in the General/OBC/PWD/PIO/NRI/OCI category is INR 4,000 and for boys and girls in SC/BPL/ST categories is INR 3,500. Students who want to receive the previous year's question papers have to pay another INR 500.  6. BITSAT Students appearing for BITSAT are eligible for several courses like B.E, BPharma, and M.Sc at BITS Pilani Campuses. The cost of the career exams is INR 3,400 for boys and INR 2,900 for girls for one session and INR 5,400 for boys and, INR 4,400 for girls for both sessions.   7. GATE GATE is a qualifying exam for admission to PG courses in IITs and IISc. The cost of this career exam is INR 850 for female students and students of SC/ST/PWD categories and INR 1700 for all other applicants. If the exam center is in Dhaka and Kathmandu, the cost is $100 (INR 8,214), and for Dubai and Singapore, it is $200 (INR 16,428).  8. CAT CAT or Common Admission Test are conducted by IIMs for admission to Post Graduate, Executive Education, and Doctoral programs. The cost of appearing in CAT is INR 2,300 for both male and female students in the General/NC/OBC categories and INR 1150 for SC/ST/PWD categories.  9. GPAT The NTA conducts the GPAT career exams for admission to MPharma courses. The cost is INR 2,000 for boys and INR 1,000 for girls in the General category, and INR 1,000 for students of Gen-EWS/Sc/ST/OBC/PWD/Transgender categories.  10. NEET-UG NEET UG replaced AIPMT and is now conducted by NTA for admission to the medical institutes in India for MBBS. The cost of appearing in NEET-UG for boys and girls of the General category is INR 1,600, for General-EWS/OBC-NCL category is INR 1,500 and for SC/ST/PWD/Third Gender categories is INR 900.   Conclusion The most expensive career exams are a challenge at the beginning, no doubt because you need to pay a huge amount of money just to appear for these exams. But once they get through and complete the course, the candidates can expect a good job with a good salary.  The education counselors on the Edufund App offer one-on-one guidance to simplify information and clear all the doubts about your dream university and career exams across regions and domains all over India and abroad. Consult an expert advisor to get the right plan TALK TO AN EXPERT

“How much money do you need for major entrance exams” is an important query that students need to know about before preparing for the examinations.  The entrance examination is the gateway into postgraduate, undergraduate, and professional degree courses. Most colleges or universities require students to sit in the entrance exams to evaluate their academic capabilities and aptitude.  Students who manage to score well in the entrance exams become qualified for the next round in the selection process. This increases their chances of getting admitted to the prospective school. Entrance exams are not free as the students have to pay a specific amount as fees for getting the application form and taking part in the preliminary exams. What is an entrance exam? Entrance exams are conducted by educational institutions or authorized independent bodies like NTA to select deserving students for admission into a specific study course or stream. These are competitive in nature and often held at national levels for all the students living in India, and some cases for Indian students living abroad. Major entrance exams in India with fees Entrance exams are conducted for different types of fields in India like engineering, management, medicine, science, law, fashion, etc. What are the important entrance exams and how much money do you need for some of the major entrance exams are discussed in this section.   1. Medical Examinations - National Eligibility cum Entrance Test (NEET) NEET-UG is conducted on an all-India level for admission to all the medical institutes in India for MBBS and BDS courses. The competitive entrance exam is conducted by NTA once a year.  The application fee for students belonging to the General category is INR 1,600, for General-EWS/OBC-NCL category is INR 1,500, and for SC/ST/PwBD/Third Gender is INR 900. For students outside India, the fee is INR 8,500 irrespective of the category they belong to.  2. Engineering - Joint Entrance Examination (JEE) The JEE Main exam is held on a national level and conducted by the National Testing Agency or NTA for admissions to engineering colleges in India. On average 25,000 seats for engineering and architecture are filled through these entrance exams. For exam centers in India, the application fees for the JEE Main entrance exams Paper 1 and Paper 2B is INR 650 per paper for boys and INR 325 per paper for girls belonging to the General student category and INR 325 per paper for both boys and girls belonging to SC/ST/PwD/Transgender categories.  If the exam center is outside India then the application fee is INR 3,000/paper for boys and INR 1,500/paper for girls belonging to the General category and INR 1500/paper for both boys and girls belonging to SC/ST/PwD/Transgender categories.  3. Law - CLAT or Common Law Admission Test The National Law Universities in India offer admission to both Postgraduate (PG) and Undergraduate (UG) Law Programmes through CLAT. It is a national-level entrance exam conducted once a year for various courses like BBA LLB, BA LLB, LLM, etc.  The application fee for General/OBC/PWD/PIO/NRI/OCI applicants is INR 4,000 and for SC/BPL/ST categories is INR 3,500. Candidates interested in question papers from previous years will have to pay an additional INR 500 irrespective of their category. 4. Management Entrance Exams - CAT or Common Admission Test IIMs conduct a management aptitude test called CAT to evaluate and select students for the post-graduate program. It is a national-level entrance examination held once a year and is open for all graduates who wish to get admission to management programs and business administration courses. The application fee for CAT is INR 2,300.  5. Film and Television Entrance Examinations  - Common Entrance Examination for Design (CEED) The Indian Institute of Technology Bombay conducts CEED for applicants who wish to get admission to the Master of Design and Ph.D. Programs. The application fees for the qualifying examination are INR 1,800 for women in the General category, INR 1,800 for SC/ST/PwD categories, and 3,600 for all other candidates plus the applicable GST for all categories.  - National School of Drama (NSD) Screening Test The NSD Screening Test is conducted for admission to the Diploma program in Acting and Theatre Techniques and Design. The online application fee is INR 50 but if applicants choose offline mode along with the prospectus then they will have to pay INR 225.  Conclusion  By now you have got the answer to your query “How much money do you need for major entrance exams”. This will prove helpful in determining the amount of money a student will have to pay for entering into a specific stream. TALK TO AN EXPERT

You want to provide your kids with the brightest future possible as a parent. With the growing inflation and changing lifestyles, this chore may be extremely difficult. Thus planning and making wise financial decisions can enable you to protect your children's future and support them in realizing their aspirations. In this blog, we'll talk about the benefits of child investment plans. Why is it important to save for your children? Saving for your kids can significantly impact their life. With proper preparation, rising expenditures brought on by inflation may be avoided. Additionally, in case of an emergency, a corpus might shield your kids from any financial misfortunes. Saving money now for your children can ultimately benefit them during nearly all significant stages of their life. When you save for your children, you provide them with a strong foundation that enhances their confidence in everything from the level of school they get to being independent and beginning their own business. Your financial provision for them serves as a security net and gives them the greatest possible start in adulthood. Benefits of child investment plans 1. Financial security  Savings plans for kids offer a lump sum payout in the form of the claim amount in the event of an unexpected circumstance. The plan is still in effect, and the life insurance company is responsible for all future premium payments. The payoff received after the insurance period guarantees that your children's wishes will always come true. 2. Tax benefits  Additionally, these plans provide Section 80C tax advantages on premiums paid up to INR 1.5 lakh in a fiscal year. According to Section 10(10D) of the Income Tax Act of 1961, the payout received after the policy term is likewise tax-exempt. 3. Education costs benefits  Almost all parents, when asked about their top worry for their child's future, will quip about how expensive schooling has become in the modern world. It costs money to send your child to a decent school. Additionally, as the year's pass, your child could opt to pursue other education that would cost the earth. Your financial load will be lessened if you make wise financial decisions and enroll in a kid insurance plan that matures throughout these seasons. 4. Withdraw part of the funds After the policy term, child plans provide maturity benefits in the form of a lump payment. You may choose a maturity date based on how soon your child will require money in the future. Your investment accumulates a tidy corpus over the course of the term, which is sufficient to pay for your child's dreams. 5. A habit of saving As we have indicated, childcare plans offer the benefits of both insurance and investment. Go back to your financial plan before purchasing a child care plan and estimate your financial needs at each stage of life. Determine the expenses you are saving for, such as elementary and secondary education, college, a wedding, etc. Additionally, evaluate your other obligations, such as a mortgage, and decide on an insurance plan that perfectly complements your financial strategy. Although it may at first seem like a nuisance, making regular premium payments will eventually become a habit that will serve you well as your child becomes older. Investment strategy for child investment plans List specific goals upfront, such as the child's preferred education and related costs. After paying all of your regular costs, you'll be able to estimate how much you can afford and how much you'll need to set aside each month. However, you must remember that loans can also be utilized to fund your education. As a result, you do not have to sacrifice other expenditures like healthcare and retirement to save for your child's education. As the financial goal approaches, reduce your stock exposure to lessen the likelihood of adverse market changes. FAQ Which investment is good for a child's future? When your child is still small and you have at least 15 to 20 years till retirement, it is excellent to begin investing in equities mutual funds. This enables you to withstand shocks like stock market collapses and volatility. When is the best time to buy a child's education plan? Generally speaking, it is best to get a kid's education plan as soon as possible. This is so that you can leverage the benefits of compounding if your investment has more time to develop. Why is future planning important for children? The best way to guarantee money for your children's future needs is through child plans. Many modern plans come with a variety of features that can help you develop your assets and ensure that your kids have money for college. Without having to deal with the pressure of a large investment, you may frequently make little investments.Investment plans for children help you and your child prepare financially for growing education costs, unanticipated illnesses, and bad circumstances. Planning for your child's future must begin as soon as feasible. This spreads out the risks involved and gives your assets more time to flourish. Consult an expert advisor to get the right plan TALK TO AN EXPERT

What is the right time to invest in child investment plans is one of the most important questions for parents. Investing when your child is young and about to head off to school is considered the right time to invest in child investment plans. In fact, this ensures that your kids won't have to abandon their aspirations due to a lack of funding. The right time to invest in child investment plans The best time to start investing is right now since there are several advantages to beginning early. The sooner you begin investing, the more you can eventually give your kids. Your biggest ally is time, so even if you just save a tiny amount today, it will eventually grow into a sizable corpus. The power of compounding should be fully utilized in order to maximize the profits that will be created on any current investments you make. Starting to save for your children as soon as possible is a wise move. You may make sure that every monetary element of their lives is taken into consideration in this way. But it's never too late to start saving. Even if you start saving while your kids are young (1 to 8 years old), you can amass enough money to support them as they age and their expenditures rise. How to invest in child investment plans? You should put time and effort into your child's future if you want to be totally ready for any situation. The following things should be taken into account when choosing when to start investing. You must make a decision on the time range for investment because the amount of time you wish to continue making the commitment is one of the most important elements to take into account when planning future investments. The benefits are often larger the longer the time horizon. The average cost of your child's future education must be considered as the second element. Costs for postgraduate education are sometimes greater than those for graduation, however, this varies per school. You should also think about whether you want your child to have a local education or a global education. You could also consider your child's graduation in your own nation as well as their subsequent post-graduation in a foreign nation. Before making future plans, you must first evaluate your current situation. Analyze your assets and obligations attentively before making a choice. You should be completely aware of the present value of your Child plan if you're putting a portion of your funds there. Knowing an investment's current value might prevent you from spending too much on other financial objectives, including retirement. Please refrain from using the Child plan to cover other low-priority costs, such as house renovations. It's wise to prepare for the unexpected at all times. It's possible to incorporate other costs like rent, pocket money, and so on. Once your child enters high school, there are a variety of other factors to take into account in addition to school and tuition costs. Even while these sums initially appear insignificant, they could end up costing you more in the long term. If your child plans to pursue graduate or postgraduate studies abroad, it is even more important Different investment options for your child's investment plans Fixed deposits and other traditional products might not be enough to cover your child's college costs. Other products like equities funds, balanced funds, and shares should be taken into account. You can select one of the following investment strategies depending on your time frame: The best option is debt mutual funds if your child will need the money within five years. Such funds can provide liquidity while producing returns that are more than the rate of inflation. You can mix several financial products for long-term aims. You have the option of investing in gold, stocks, and debt. Although exposure to the stock market is hazardous, investing in equities gives investors the chance to generate larger profits over the long run. PPF is one of the greatest investment options for financing a child's education. To establish a sizable corpus, you must begin this early and invest steadily. Numerous insurance providers provide a range of kid-focused solutions. When your child needs the money to pursue further education, you may choose to implement more mature policies. FAQ When is the best time to buy a child's education plan? Generally speaking, it is best to get a kid's education plan as soon as possible. This is so that you can leverage the benefits of compounding if your investment has more time to develop. What various child education programs are there in India? Currently, India offers 3 main kinds of child education plans: Equity-Linked Child Plans Endowment Child Plan Guaranteed Return Child Plans Which investment is good for a child's future? When your child is still small and you have at least 15 to 20 years till retirement, it is excellent to begin investing in equities mutual funds. This enables you to withstand shocks like stock market collapses and volatility. Investment plans for children help you and your child prepare financially for growing education costs, unanticipated illnesses, and bad circumstances. Planning for your child's future must begin as soon as feasible. This spreads out the risks involved and gives your assets more time to flourish Consult an expert advisor to get the right plan TALK TO AN EXPERT

As parents, providing your kids with the greatest education given the growing expense of school is your number one priority. By making early child investment plans, you make sure that your kids won't have to abandon their aspirations due to a lack of funding. Let’s find out the importance of child investment plans and how child plans solidify your child’s future. What is a child investment plan?  Child investment plans are specialized life insurance policies that assist you in meeting your savings and life insurance needs while providing for the future security of your children. Being a parent, correctly raising your kids, and giving them a solid education must be among your top priorities. You may realize all of your goals for your child with the use of a child plan, including assisting them in pursuing their desire to attend a top institution. Importance of child investment plans Child Investment plans for children help you and your child prepare financially for growing education costs, unanticipated illnesses, and bad circumstances. Planning for your child's future must begin as soon as feasible. This lengthens the time frame over which your assets can increase and balances the associated risks. The following are some benefits of investing in a child's plan:  1. Funding for children's education As your child gets older, a significant portion of your resources will go into paying for your child's education, thus preparing for higher education is essential for guaranteeing their future. You may generate the money required so that your child can follow their ideal job by investing in their education. With college costs increasing, every day matters when it comes to being financially prepared for your child’s education. Get in touch with our experts at EduFund and you can save up to 2.5 Cr by starting today.  2. Flexibility to withdraw part of funds By selecting a child investment plan that gives you the freedom to withdraw funds as per your kid's requirements, you may easily access a portion of your funds while the remainder of your investments continue to grow 3. Protection against uncertain times Many kid insurance policies have advantages including premium waivers. This makes it such that, in the sad event that anything bad happens, future premium payments won't be necessary. The investment yields a lump sum payment upon maturity and grows without the requirement for premium payments. This guarantees that no matter what, your child's dreams are protected. Different investment plans for your child Fixed deposits and other traditional products might not be enough to cover your child's college costs. Other products like equities funds, balanced funds, and shares should be taken into account. You can select one of the following investment strategies depending on your time frame: The best option is debt mutual funds if your child will need the money within five years. Such funds can provide liquidity while producing returns that are more than the rate of inflation. You can mix several financial products for long-term aims. You have the option of investing in gold, stocks, and debt. Although exposure to the stock market is hazardous, investing in equities gives investors the chance to generate larger profits over the long run. PPF is one of the greatest investment options for financing a child's education. To establish a sizable corpus, you must begin this early and invest steadily. Numerous insurance providers provide a range of kid-focused solutions. When your child needs the money to pursue further education, you may choose to implement more mature policies. Investment strategy for child investment plans List concrete objectives from the outset, such as the child's desired schooling and associated fees. This will enable you to estimate how much you can afford after paying all of your usual bills and how much you need to save each month. You must keep in mind, though, that loans can also be used to pay for education. Saving for your child's education does not, therefore, require you to forgo other expenses like healthcare and retirement. Reduce your stock exposure as the financial objective approaches to lower the chance of negative market moves. FAQ When is the best time to buy a child's education plan? Generally speaking, it is best to get a kid's education plan as soon as possible. This is so that you can leverage the benefits of compounding if your investment has more time to develop.  What various child education programs are there in India? Currently, India offers 3 main kinds of child education plans: Equity-Linked Child Plans Endowment Child Plan Guaranteed Return Child Plans Which investment is good for a child's future? When your child is still small and you have at least 15 to 20 years till retirement, it is excellent to begin investing in equities mutual funds. This enables you to withstand shocks like stock market collapses and volatility. Investment plans for children help you and your child prepare financially for growing education costs, unanticipated illnesses, and bad circumstances. Planning for your child's future must begin as soon as feasible. This spreads out the risks involved and gives your assets more time to flourish. Consult an expert advisor to get the right plan TALK TO AN EXPERT

Planning for a child’s secure future could be a difficult task. Almost every parent tries to create a strong financial cushion for their child, but in the end, they find their funds insufficient. At the time of creating a strong financial backup plan for the child, it is critical to make the right investment choices at right time. Read on, to know the child investment plans. There is no better gift that a parent can give to their child, than the promise of a secure future. There are critical aspects that a parent should never ignore like the rising cost of education, stationary, books, medical expenses, etc. Here are some of the best saving child investment plans: UTI CCF – Investment Plan – Growth Direct Tata Young Citizens’ Fund Direct-Growth HDFC Children Gift Fund Direct Plan Axis Children’s Gift Direct No Lock in Growth SBI Magnum Children’s Benefit Fund Direct-Growth Aditya Birla Sun Life Bal Bhavishya Yogna Direct Growth LIC MF Children Gift Fund Direct Plan Child investment plans 1. UTI CCF – Investment Plan – Growth Direct About Fund The fund is investing predominantly in equity and equity-related instruments across market capitalization. The fund has invested 98.21% in stocks, 0.12% in debt, and the remaining 1.66% in cash. The fund has a diversified portfolio that consists of 55 stocks. The fund follows a growth style of investing which means that the fund invests in stocks with high growth potential. The fund has given consistent performance over the period. Parents who want to invest in a child investment plan can consider this as one of the options. Start investing 2. Tata Young Citizens’ Fund Direct-Growth About Fund The fund is investing predominantly in equity and equity-related instruments across market capitalization. The fund has invested 97.88% in stocks and 2.12% in cash. The fund has a diversified portfolio that consists of 55 stocks. The fund has given consistent returns with lower volatility. Parents can consider this plan as one of the child’s investment options to save for their child’s future. Start investing 3. HDFC Children Gift Fund Direct Plan About Fund The fund is investing has invested in different asset classes including equity and debt. The fund has invested 66.88% in stocks, 24.67% in debt, and the remaining 8.45% in cash. The fund has a diversified portfolio which consists of 46 stocks and 16 bond holdings. The fund follows a growth style of investing which means that fund invests in stocks with high growth potential. The fund has given consistent performance over the different trailing periods. Start investing 4. Axis Children’s Gift Direct No Lock in Growth About Fund The objective of the fund is to generate income by investing in debt & money market instruments along with long-term capital appreciation through investments in equity & equity-related instruments. The fund has invested 70.08% in stocks, 18.84% in debt, and the remaining 11.08% in cash. The fund has diversified its investment in different asset classes to minimize the risk and maximize the returns. The fund's focus is to reduce volatility and enhance returns. Start investing 5. SBI Magnum Children’s Benefit Fund Direct-Growth About Fund The objective of the fund is to provide the investors an opportunity to earn regular income predominantly through investment in debt and money market instruments and capital appreciation through an actively managed equity portfolio. The fund has invested 22.25% in stocks, 48.05% in debt, and the remaining 29.67% in cash. The fund has very low volatility as the major portion of the money is invested in debt and debt-related instruments. Also, the fund holds AAA-rated quality bonds. The fund is good to invest for a child’s future as the volatility is low and has delivered good returns. Start investing 6. Aditya Birla Sun Life Bal Bhavishya Yogna Direct Growth About Fund The investment objective of the Wealth Plan is to seek the generation of capital appreciation by creating a portfolio that is predominantly investing in equity & equity-related securities and debt and money market instruments. The fund has invested 98.64% in stocks and 1.36% in cash. The fund has invested across sectors and follows a growth style of investing with a major portion invested in large-cap companies. Parents planning to save for their child’s future can consider investing in this fund. Start investing 7. LIC MF Children Gift Fund Direct Plan About Fund The primary investment objective of the fund is to seek to generate capital appreciation & provide long-term growth opportunities by investing in a portfolio constituted of equity securities & equity-related securities and the secondary objective is to generate consistent returns by investing in debt and money market securities. The fund has invested 86.36% in stocks, 3.82% in debt, and the remaining 9.82% in cash. The fund is a consistent performer and has delivered good returns over the period. All the above-mentioned plan has a lock-in period for investment for children having a lock-in for at least 5 years or till the child attains the age of majority, whichever is earlier. This also provides you consistency in your investment journey. Start investing Conclusion With the rising cost of education and other related expenses, parents need to save and invest dedicatedly for their child’s bright future. Consult an expert advisor to get the right plan TALK TO AN EXPERT

Sweden has risen to the top of the list of study-abroad destinations for international students. Because of the political turmoil in the United States and the UK's contentious Brexit, more international students consider Sweden a potential study-abroad destination.  The high expense of studying in Stockholm is one of the numerous problems. Many students must choose between paying the high living costs in Stockholm and attending an expensive institution. Student loans for studies in Sweden and scholarships are just a few ways to alleviate this stress and cost, and there are some possibilities for Swedish students as well. However, when it comes to the cost of living in Stockholm, students understand that higher prices come with a richer life. This is reflected in the increased quality of life, which is among the highest in Europe. People don't mind spending more because the price is worth it for a higher standard of living. So, let's look at how much it costs to live in Stockholm. Cost of living in Stockholm Accommodation: ₹20,000 - 54,000 per month Food: ₹16,000 - 20,000 per month 3-Course Meal: ₹3,500 - 5,500 per month Books and other study materials: ₹5,000 - 7,000 per month Social activities and entertainment: ₹6,000 - 9,000 per month Health insurance: Starts at ₹2,500 per month Public transportation: ₹3,000 - 5,000 per month Bicycle for rent: ₹8,000 - 10,000 per month Students must plan for the expense of living in Stockholm. They are really high. Monthly living expenses are projected to range between Rs 55,000 and Rs 95,000. 1. Accommodation costs Student housing is usually difficult to come by. The best place to begin is through your university's student services. They will frequently have relevant information or will be able to assist you in contacting the organizations that deal with student housing (or dorms).  Dormitories are a wonderful option for international students wishing to meet new people and find people who share their interests.  For Indian students, the living costs in Stockholm might range between ₹20,000 and ₹50,000 per month.  The second alternative, which is far more popular than the first, is to share a residence with other international students. So the average monthly living cost in an apartment in Stockholm is roughly ₹50,000 - ₹60,000. According to your child’s necessities, this could be a terrific way to avoid feeling lonely and alone. 2. Cost of transportation in Stockholm In Sweden, public transportation is extremely valued among students. It is used by more than 40% of students to get to university and other sites around town. It normally costs between ₹3,000 and ₹4,500 per month. Your child can also choose to ride a bike for transportation, costing them between ₹9,000 and $10,000 per month. In Stockholm, 27% of students use bicycles to get to the city. 3. Food expenses in Stockholm Food prices can vary greatly based on your child’s eating habits. If they cook, they may spend between ₹14,000 and ₹ 20,000 each month. If they eat a lot of takeout, that amount may be between ₹20,000 and ₹25,000. However, there are alternatives to cut these prices, such as shopping at low-cost supermarkets like Lidl, Willy's, and suburban stores.  In Stockholm, an average lunch costs between ₹600 and ₹800.  A three-course supper for two in a typical restaurant may cost between Rs 3,500 and Rs 5,500.  That may not appear to be much to you. But for the typical Swedish, it's a lot. 4. Another miscellaneous cost Study material including books: ₹6,000 - 6,500 per month Entertainment and social activities: ₹5,500 - 8,000 per month Health insurance: plans starting at ₹2,300 per month Conclusion  Living in Sweden could be a dream come true because of its scenic beauty as well as its academic standing. But there are many challenges, the major being the language barrier and expensive living. There are scholarships and grants available through universities as well as government and non-government organizations that can ease the financial aspect.  Stockholm is the capital of Sweden and has great study and work opportunities, you just need to prove yourself. Scoring high in your academics is crucial and will definitely be rewarding. If there is any confusion or concern regarding the financial aspects of living and studying in Stockholm, our team of financial experts is constantly available to clarify your doubts and guide you in fulfilling your child's dreams. TALK TO AN EXPERT

Study MS in Germany Germany is one of the most popular destinations for foreign students among non-English speaking countries. Tuition & other higher education expenditures are a big source of stress for many students and are typically only addressed with careful planning.  However, for a number of European countries, such as Germany, this problematic scenario is nothing more than a myth! Reforms in the German educational system Germany made radical reforms to its national higher education system, the most prominent of which was eliminating tuition fees at public institutions. Consequently, the nation declared that there would only be a semester payment of roughly €200.  This semester's payment includes a free public transportation ticket to various German universities. To be able to sign up for some free Master's courses, one must have a Bachelor's degree in the same field from the previous university. Ways to save for studying MS in Germany Most students travel to Germany to pursue graduate courses or a specialized 12-month program. Many parents combine grants, loans, work-study programs, investments, and other sources to pay for their children’s education. Let's now explore how simple it is to pursue and fund a Master's degree in Germany, the nation of ideas. 1. Savings Once parents desire a master's degree for their child in Germany, they should start saving money for their first semester of college. Many institutions and banks will cover 10-20% of the education expenditures. An early savings plan helps alleviate financial stress.  Educational inflation is substantially greater than household inflation, nearly doubling in specific popular education locations. Starting a specialized investment portfolio for this purpose can have long-term benefits, mainly if the assets are in equity-based asset types. These investments, given enough time, can compound and produce substantial profits. 2. Grants and scholarships Scholarships are occasionally awarded by international universities based on merit or other reasons. Other organizations offer scholarships to students who want to study abroad. These scholarships are based on need, merit, diversity, etc. An extensive study on prospective scholarships is required. Parents should start looking for scholarships a year before the admissions deadline. Scholarships and assistantships are available at several colleges. However, securing a scholarship is becoming increasingly tricky unless you know the faculty, have a fantastic academic standing of your child, or are already on campus and realize which scholarships and assistantships are available. 3. Mutual Funds, US ETFs Mutual funds are advisable investment options for children's education strategy because they will assist parents in investing in the appropriate asset mix to ensure their goal's success. Mutual funds allow you to have exposure to equities while diversifying the risk involved with investing in individual stocks. Parents should invest in mutual funds through a systematic investment plan (SIP) using their regular savings. ETFs can be the foundation for a long-term investment goal such as financing a college education. ETFs allow investors to buy numerous stocks or bonds at once parents can invest in company stocks, governmental or corporate bonds, and commodities. They should invest in a fund that monitors an index rather than individual assets. When investing in your children's higher education, some of the best options will be well-diversified, reduced, and tax-efficient funds. 2022 Germany International Student Statistics Germany has over 400,000 international students registered in its higher education institutions, with 416,437 international students registered in the German higher education institutions as of the winter semester of 2020/2021. Survey results reveal that 15.1% of students find the country attractive as:  Tuition fees are low: 35.3%. Academic Quality and Experienced Professors - 29.3% Student Diversity and English Language Programs: 20.4% International student numbers in Germany increased by 1.17% between 2019/2020 and 2020/2021. Between 2014 and 2019, the number of international students in Germany increased by around 30.9% and 38.19% between 2014 and 2021. International student enrollment in Germany has steadily increased over the years. Top universities for studying MS in Germany When choosing to opt for a Master’s degree in Germany for their child, parents should be aware of the global rankings as well as the costs of studying at these prominent German universities. The following are the details for the most prominent popular institutions in Germany that offer Masters degrees: Germany has 426 accredited universities. Three of them are in the top 100 QS World University Rankings (2022) and ten are in the top 200. Cost of studying MS in Germany Germany is the go-to destination for Indian students aspiring to study MS courses. In fact, Germany saw over 10% increase in student enrolments from India in the last year. If you are looking for an affordable country for studying abroad but do not want to compromise on the quality of education then Germany is your answer. Conclusion Germany is a big draw for many overseas students seeking a Master's degree due to its high educational quality, top-ranked universities, and research-oriented teaching. Another critical factor attracting parents to opt for their child’s education in Germany is the low cost of education.  Most public institutions in Germany have low Master's costs since students do not have to pay tuition. Administrative and semester fees are the only fees that students must pay. We recommend parents consult a professional expert who can guide them in the right direction and start early savings if they want to reduce tension about education funds for higher studies. TALK TO AN EXPERT

Parents should be aware of investment tips for higher education in India so that they can plan, invest, and save the required amount accordingly.  Education inflation is high at 10% - 12% a year and is considered one of the biggest outflows for an Indian family. Lifestyle inflation is also high and greatly impacts the decision of a parent to send their child to the best available educational institution. It is at such times that parents need saving tips and investment tips to plan for their child’s higher education expenses and lessen the future financial burden. Important investment tips for meeting higher education expenses Step 1: Get an estimate of the education costs One of the first investment tips for higher education in India is to get an approximate estimate of the educational expenses so that it becomes possible to make financial plans accordingly. The education costs vary from one person to another, and various other factors like the type of course selected by the child, admission in government or private institutions, and admission in India or abroad. A comprehensive assessment and a realistic estimate of the financial needs will help to create a proper financial plan for a healthy future.  Step 2: Prepare for any unexpected expenses Consider unexpected expenses besides the education expenses to meet the unforeseen needs of the child. Pocket money, accommodation costs, travel expenses, food expenses, additional tuition, and reference books are some of the expenses that parents should be prepared for. There could be occasions when parents might need to help their children financially, and it is better to be prepared for such unforeseen circumstances from the beginning.  Step 3: Identify your time frame Determine the number of years you have in hand before you have to spend on your child’s higher education. If you are an early starter, then it is well and good as you will have several years for both short-term and long-term investment plans, but even if you have realized a bit later, then there is no need for concern because there are several investment options just for these types of investors.   Establishing a time horizon and calculating the years you have in hand makes it easier to make investment plans for your child’s higher education.  Start Investing Step 4: Look at savings options Look at the savings options available in the market and choose the best available option based on time horizon, future goals, and risk tolerance. Child insurance plans and child education plans offered by insurance companies are also good options if you are looking for safe havens. In India, government saving schemes like Sukanya Samriddhi Yohana (for girls) are considered good for conservative investors as it offers tax benefits up to INR 1.5 Lakhs under Section 80C of the Income Tax Act.  Smart savings is the need of the hour, and parents have the option of choosing SIP or recurring deposits for easy and hassle-free ways to save for future needs.  Step 5: Identify the investment options Depending upon the target corpus and the rough estimate of the required returns you wish to generate, identify the investment options available to you. The ones considered suitable for a child’s higher education fund are Gold ETFs, term deposits, savings schemes, solution-oriented schemes, and mutual funds.  Investors can choose from equity, debt, and hybrid mutual fund schemes as they are high-return schemes if invested for long-term periods.  Opt for smart investments to secure your money for higher education in India because well-planned asset allocation and regular investments increase the returns at a greater pace.  Step 6: Take the help of a financial advisor Take the help of a financial advisor to save and invest sensibly. The financial advisors on the Edufund App are some of the best in the field if you are interested in creating a safe and secure personalized financial plan. The various tools at their disposal like the college cost calculator are a tremendous help in identifying future costs and making investment plans based on personal requirements.  Step 7: Start now Do not delay, as the more time you waste, the less time you have to create an appropriate education fund and accumulate the necessary amount.  Create a financial strategy now, as planning for a child’s future is more important than any other task. TALK TO AN EXPERT

Although the United States has some of the world's greatest Bachelor's and Master's programs, living expenses there might be rather expensive. In this blog, We'll talk about the living expenses in the USA for international students. Living expenses in the USA for international students Because students from all over the world intend to pursue their higher education in the USA, the cost of living in the country is often expensive for foreign students. However, prices differ according to the place that is picked as well. For instance, the cost of living for students is quite high if the institution is located in a metropolis like New York. On the other hand, the cost of living is significantly lower for institutions that are situated in suburban regions, whether in Ohio or Indiana. Let's further break down the living expenses in the USA for international students below. 1. Accommodation cost  The cost of housing comes next when determining an international student's cost of living in the USA. International students can stay on campus at the majority of American colleges, which is unquestionably the less expensive choice. You might also rent an apartment close to your school. The annual cost of housing ranges from $6000 to $12000 [INR 4.4 to 8.8 Lakhs]. If they reside close to campus, international students might also choose to live in a homestay or with local guardians or relatives to save money. 2. Health insurance cost  The cost of health insurance must be covered. Most institutions offer health insurance to overseas students, while some require them to get their coverage. Student health insurance typically costs between $1500 and $2500 (INR 1.10 to 1.8 Lakhs) annually. 3. Conveyance cost  Depending on where you reside and the distance you go, the monthly cost of travel can range from $40 to $100 (INR 3,000 to 7,500) for international students who rely on public transportation for transportation and travel. 4. Internet costs  International students' lives will be significantly impacted by the Internet and phones. Depending on your connection type and speed, your internet bill will change significantly each month. The cost of internet in the USA varies depending on your area, your household's needs, and the service you pick. Mobile phones are useful, but now international students must budget for the expense of cellular service in the USA. The average phone bill in the USA is currently $60 (INR 4,875) per month. 5. Entertainment cost  Students in the USA engage in social, reading, relaxation, and thought processes, participate in sports, host or attend social events, and engage in arts and crafts as a hobby. One of the finest aspects of studying in the United States is undoubtedly the nightlife. As a student, you can access everything from dance clubs to home parties. In the USA, the average cost of student entertainment is $100 (INR 8,125). We have included some typical suggestions for entertainment in the United States depending on where and how you intend to celebrate. 6. Grocery cost  The food costs also include meals and groceries: The typical person spends $400(INR 32,502)  a month on food. However, in the United States, the price might go to $800(INR 65,004) per month if someone loves dining out every other day. The cost of goods is the same across the mainland; however, the cost of eating out varies depending on the city and the restaurant. In a typical New York restaurant, a dinner for two can cost close to $100(INR 8,125). However, the price in Philadelphia will be around $80(INR 6,500). For students living on campus, meal plans might run about $250 (INR 20,313)  per month. 7. Other essential expenses Other costs, such as those for clothes, books, stationery, and other miscellaneous items, fall under the category of the cost of living in the United States for students. These things' prices differ on the buyer and city. These costs might range from $5000 to $6000 (INR 3.6 to 4.4 Lakhs) per year or higher. How to save for living expenses in the USA for international students?  There are a few short- and long-term strategies that might help you save for your child's further study in the USA. One easy method is to split the sum, which is assumed to be 1 crore, and set away around 40,000 each month, or approximately 4.5 lakh annually for 18 years, and to begin saving when your child is still a little child. Put your money to work by investing it for up to 18 years. If you continue saving for the future, SIPs can provide you with amazing profits in 18 years. The final and most challenging alternative is to apply for and then repay an education loan. Education funding, scholarships, and part-time jobs can help to some extent offset the growing cost of attending school in the USA. Start saving now before it's too late if your child plans to study abroad in the USA for their future studies Consult an expert advisor to get the right plan TALK TO AN EXPERT

Exploring the best way to fund your child’s higher education is a crucial step in planning your child’s future education plans. While getting an education loan is the more popular route in India, many people do not know that you can also get a personal loan for higher education for your child.  Personal loan for higher education for your child  When you think of financing your child’s education, you automatically think of education loans. Education loans are extremely helpful when it comes to funding your child’s education but there can be some obstacles that may stop you from availing of this option. Another equally beneficial option is to avail of a personal loan for education.   Personal loans for education are flexible and collateral-free with a high approval rate. Using a personal loan for higher education for your child allows you to cover multiple expenses. They are flexible and processed immediately so that you have to cover costs like university application fees, accommodation deposits, flight tickets, insurance, and much more.   Popular banks in India like ICICI Bank, Axis Bank, and many more allow parents to take personal loans for higher education purposes. These loans are collateral-free which means you are not required to pledge your property, FD, or other assets to the bank. Instead, these banks evaluate personal loan applications based on your credit history and annual income.   Every bank has a different criterion for processing personal loans. Since these are unsecured and collateral-free the rejection rate may be higher. Maintaining a good credit score and having a clean financial record is a must if you want your application to be approved faster. Benefits of Personal loan for higher education  Personal loans are a quick solution to an immediate cash need. Whether it's buying a new laptop or covering up part of your child’s higher education. Let’s look at some of the benefits of personal loans for higher education:   No collateral: You do not need to attach your property, FD, bond, or other assets for availing of personal loans.   Easy to get: Banks allow clients to get personal loans online and offline. The accessibility of personal loans in India has grown tremendously.  Limited documents: Personal loans do not require many documents for processing.   Flexibility: You can use your personal loan to buy a new laptop for your child or to cover some immediate expenses like a trip.   Builds credit score: Personal loans can help you build a credit score and help you, in the long run, to take big loans for education or your own house.   Fast approval: Some banks approve personal loan applications within the day. That’s how fast the approval cycle for personal loans is in India. Personal loan vs Education loan for higher education  If you are planning your child’s higher education and wondering which is better, then let’s help you compare the two types of loans.  Education Loan Personal Loan Interest Rates Interest rates generally range between 6.85 – 11% Interest rates generally range between 10 – 17% Tax Benefits  Tax benefits on repayment of education loan is possible under Sec 80 E of the Indian Income Tax Act. No tax deduction is available for repayment of personal loans.  Average Loan Amount Rs 50,000 and as high as Rs 1.5 Crores Rs 50,000 to Rs 50 lakhs Moratorium Period 6 -12 months None  Based on the above table, an education loan is a clear winner when it comes to financing higher education for your child. It offers lower interest rates, tax benefits, a greater loan amount, and a moratorium period wherein your child can get a job and start repaying the loan amount with their own income.   However, personal loans can also be a backup plan or an alternative in case you do not have a good education loan. They can help you cover a number of costs, easy to process, and can help you with immediate cashflow needs. How to choose the right personal loan for higher education?  Choosing the right personal loan for higher education requires research and extensive comparison. Check the interest rates and repayment plans of different banks before deciding on a personal loan. Generally, interest rates are higher on personal loans so choose the right personal loan with the lowest interest rate in the market.   You can also connect with an expert to help you choose the right personal loan for your personal needs. They can help you negotiate a better interest rate and help you plan your repayment strategy so that you can save money.   Determine how much money you need to finance your higher education before opting for a personal loan. You can use the College Cost Calculator to find out the tuition fees and living expenses in your college city and figure out how much more money you need in order to be comfortable.   Try to take only 25% as a loan so that you can create a comfortable loan repayment plan. Try to make sure your income can easily help you pay off the loan without any added financial stress.    You can always opt for a personal loan for higher education for your child if you are in need of funds. Do your research, determine which is the best option for you and your child, and then finalize a solid education plan to help build a bright future for your child! Consult an expert advisor to get the right plan TALK TO AN EXPERT

New York is called the City of Dreams which is why so many people want to study in this global metropolis. However, as one might assume, it is not the most affordable area to live in. We realize how scary it might be to go to a new nation as a student for the first time. So we've outlined all of the prices a student can expect to incur while relocating to New York. Learn everything there is to know about the living expenses in New York for students. Cost of living in New York 1. Accommodation  Rent in New York is determined by a variety of factors, including whether your child lives on or off campus. In New York, there are numerous possibilities for residents. Off-campus housing in New York costs roughly ₹3 - 4 lakhs per month. The sum stated is an average and is subject to vary, and it may increase based on your child’s choice of housing. The table below shows the average cost of living on campus at several New York universities. 2. Cleaning services Price ranges from around ₹10,000 - 30,000 depending on the number of bedrooms in the apartment. Alternatively, they can pay around ₹2,500 - 3,000 per cleaning for a minimum of two hours.  3. Groceries Groceries would cost around ₹2.5 - 3 lakhs per month for a single person to meet basic needs. 4. Utilities The essentials for an apartment - electricity, heating, cooling, water, and garbage - will cost between ₹6,000 - ₹20,000. 5. Healthcare and insurance  Health insurance is a significant expense that must be paid. Most institutions offer international students health insurance, while others encourage students to obtain their own. The average annual cost of student health insurance ranges between ₹1.2- 2 lakhs. 6. Health Card To apply, the student has to go to the Residential Affairs Division of their local City or Ward Office. The premium is determined by their age and previous year's wages.  7. Essential benefit plan There is also a strategy in place for low-wage workers and the unemployed. The Essential Benefits Plan (EBP) is the basic minimum of health insurance coverage that all New York citizens are required to have. It offers critical services at a reasonable cost.  8. Transportation Taking public transportation is the most cost-effective and time-efficient way to get around New York. A 30-day metro and local bus pass costs ₹10,400 approx. and permits to travel till midnight. Taxis, on the other hand, begin at about ₹204 for the first km and around ₹132 for each additional kilometer. Vehicle ownership: Due to high insurance and gas taxes, car ownership in New York is slightly more costly than the national average. Without considering an auto loan, a person should expect to pay around ₹1.5 - 2 lakhs each year. They may, however, limit their spending by choosing the type of vehicle they purchase and how they pay for it.  Public Transportation: Most metro rides, as well as local, limited, and Select Bus Service buses, cost ₹225 roughly. An express bus ticket costs about ₹552. Use a MetroCard or OMNY's contactless payment system to pay. 9. Entertainment cost In New York City, the estimated price of entertainment and activities is ₹6,000 - 7,000 per person, per day. This includes admission fees to museums and attractions, day trips, and other tourist expenses.  10. Other expenses  Clothing, books, stationery, and other charges are among the numerous expenses that international students must cover as part of the cost of living in New York. The cost of these items depends greatly on who you ask. These items could cost between ₹4 - 5 lakhs per year or more. Additional read: How much to save for an MBA in the USA Study cost in New York 1. Tuition Fees Different universities in New York have different tuition prices. However, the average cost of attending college in New York is roughly ₹2.5 - 3 crores for international students of Indian origin. To get an accurate estimate of how much it costs to study in New York, try the College Cost Calculator!  Student visa and application cost International students should apply for a student visa after obtaining their admission letters. Once approved by a school recognized by the Student and Exchange Visitor Program, they should enroll with the Student and Exchange Visitor Information System (SEVIS) and deposit the Rs 25,000 - Rs 30,000 registration fee. After that, international students must file for a student visa and pay a fee of ₹10,000 - 15,000. The cost of living is entirely dependent on whether you choose to live on campus or off campus. Now that you know how much it costs to live in New York as a student, you can make an informed decision. If you require any more support with institutions, the application procedure, finances, documentation, or anything else, our team of financial experts is always available. Consult an expert advisor to get the right plan TALK TO AN EXPERT

Australia is a popular study abroad location for students, and it offers some of the greatest master's programs in the world. According to the QS World University Rankings 2020, seven Australian universities are among the top 100 in the world.  The following is a general breakdown of the key costs of studying in Australia. Application fees (Once) - ₹2500 - 5500 Tuition Fees - ₹45 lakhs - 1 crore Flight Tickets - ₹80,000 - 1,00,000 Registration for English test (Once) - ₹14,000 Visa application (Student Subclass 500) - ₹30,000 Living expenses (yearly) - ₹12 - 17 lakhs Health insurance (yearly) - ₹25,000 Total - ₹21 - 36 lakhs Cost of education in Australia The figures reflect the annual cost of international education for international students studying in Australia. Course Vocational Education and Training - ₹1,95,000 - 9,70,000 Undergraduate Bachelor Degree - ₹9,71,000 - 21,90,000 Postgraduate Masters Degree - ₹10,70,000 - 24,28,000 Doctoral Degree - ₹8,75,000 - 20,40,000 Note: The figures exclude veterinary and medical courses, as well as other high-cost delivery options.  Fees at top institutions may be higher. It is usually a good idea to check the official website of the preferred university. Accommodation costs in Australia Do you dread spending too much money? It is usually a good idea to keep track of the spending habits of your child and help them control their expenses. Let us now go over some numbers to give you an idea of how much you will be spending on their housing in Australia. Hotels and Guesthouses - ₹4,400 - 7,200 per week Homestay - ₹11,000 - 16,000 per week Rental - ₹9,000 - 21,000 per week Shared Rental - ₹4,600 - 6,000 per week On-campus - ₹5,000 - 13,000 per week Note: Universities may not be capable of taking in all international students.  Students may be required to stay off campus.  Sharing personal space significantly lowers the cost of living. Living costs for International students in Australia  You are aware that the story does not finish with locating a place to stay. There are numerous other living expenses to consider. Let us break down the cost of living in Australia for your child. Everyday expenses Groceries and eating out - ₹7,000 - 14,000 weekly Ask your child to look for the most reasonable supermarkets around them, e.g., Woolworth, Aldi, and Coles. Phone and internet - ₹700 - 1,500 weekly Finding plans that are cheap help save a lot of money.  Ask and request student discounts. Gas and electricity - ₹1,000 - 5,000 weekly Cooking at home is a great way to save money. Public transport - ₹1,400 - 3,000 weekly Buying a monthly or weekly pass for a train or bus, depending on your routes, will be very reasonable. Ask and request student discounts. They should try renting bicycles for everyday commutes. Entertainment - ₹3,800 - 7,200 weekly This can go as high or low as your child wants. Car maintenance - ₹7,200 - 12,000 weekly Applies only if they own a vehicle. If these costs are causing you concern, keep in mind that your child can certainly work while pursuing their studies in Australia, and there are several job options available. Health insurance  The Department of Immigration and Citizenship requires everyone to acquire Overseas Student Health Cover (OSHC) as part of the visa application procedure.  Individual health insurance costs about $8,000 - $10,000 per month on average.  It is available for purchase either individually or through an educational provider.  In all of these scenarios, your child is solely responsible for the policy's upkeep. Additional read: Reasons to study in Australia Airfares  It's time to take off for Australia. The one-time fare may be around ₹1 lakh. Your child must also have return airfare as part of their funds when applying for an Australian visa.  Other costs  Now that you've seen the big costs of living and tuition, have a look at some minor charges. Study material including books- ₹25,000 - 50,000 per annum Reading study material online may help in reducing costs. Student Service and Amenities fees - Maximum ₹15,000 Not all universities levy these charges, but you should confirm beforehand. Taxes - This depends completely on your child’s income They should get a Tax File Number (TFN), in any case, before they start working. Their income is always taxable; no tax till an income of AUD 18,200, 19 cents for each $1 over $18,200, and so on. Conclusion  Because of the exchange rates, it is evident that the expenses in Australia would be a lot. If calculated and worked out well, it is not very difficult to send your child to study abroad. Always keep in mind that the tuition fee is just a part of the total expenses to be borne, the rest is where it gets tricky. Planning and teaching your children to manage their expenses before sending them to study is a good idea. This will help them maintain a comfortable life financially.  In case there is any confusion or concern regarding the financial aspects of these factors, our team of financial advisors is constantly available for your guidance. FAQ What is the average living cost in Australia? Hotels and Guesthouses - ₹4,400 - 7,200 per week Homestay - ₹11,000 - 16,000 per week Rental - ₹9,000 - 21,000 per week Shared Rental - ₹4,600 - 6,000 per week On-campus - ₹5,000 - 13,000 per week How much is the rent in Australia? Rental - ₹9,000 - 21,000 per week Consult an expert advisor to get the right plan TALK TO AN EXPERT