Education Planning Calculator
Education Planning Summary
Your child's education corpus and investment requirements
Education Cost vs Investment Growth
What is an Education Planning Calculator?
An education planning calculator is a financial tool that helps you estimate the total cost of your child's education and plan your investments accordingly. It considers factors like current education costs, inflation, child's age, and investment returns to give you a comprehensive education funding plan.
How can an education planning calculator help you?
- Plan your child's education funding strategy
- Understand the impact of inflation on education costs
- Determine monthly investment requirements
- Choose appropriate investment products
- Start planning early for better returns
How do education planning calculators work?
Our education planning calculator uses the following approach:
Future Cost = Current Cost × (1 + Inflation)^Years × Duration
Where:
• Years = Education Age - Child's Current Age
• Duration = Number of years of education
• Monthly Investment = Corpus × Monthly Rate / ((1 + Monthly Rate)^Total Months - 1)
Education cost categories:
- School Education: Primary, secondary, and higher secondary
- College/University: Undergraduate and postgraduate degrees
- Study Abroad: International education with higher costs
- Professional Courses: Specialized training and certifications
- Additional Expenses: Books, transportation, accommodation
Education planning tips:
- Start planning as early as possible to benefit from compound growth
- Consider education inflation which is typically higher than general inflation
- Diversify investments across different asset classes
- Use education-specific investment products like Sukanya Samriddhi Yojana
- Regularly review and adjust your education plan
Investment options for education:
- Mutual Funds: Equity funds for long-term growth
- SIPs: Systematic investment plans for regular investing
- PPF: Public Provident Fund for tax benefits
- Education Loans: Supplement your savings when needed
- Insurance Plans: Unit-linked insurance plans for education