🎓 Education Cost Calculator
Plan for your child's higher education. Estimate the future cost of IIT, MBBS, MBA, or studying abroad, and calculate how much to save via SIP or lumpsum.
Education Cost Estimate
Future Cost (in 13 years)
₹27,19,624
Monthly SIP Needed
₹7,307
Lumpsum Today
₹6,23,268
Current Cost → Future Cost
₹10,00,000 → ₹27,19,624 (172% increase)
📋 Year-wise Cost Projection
| Child Age | Education Cost | SIP Accumulated |
|---|---|---|
| 5 | ₹10,00,000 | ₹0 |
| 6 | ₹10,80,000 | ₹87,681 |
| 7 | ₹11,66,400 | ₹1,85,883 |
| 8 | ₹12,59,712 | ₹2,95,869 |
| 9 | ₹13,60,489 | ₹4,19,054 |
| 10 | ₹14,69,328 | ₹5,57,021 |
| 11 | ₹15,86,874 | ₹7,11,544 |
| 12 | ₹17,13,824 | ₹8,84,610 |
| 13 | ₹18,50,930 | ₹10,78,444 |
| 14 | ₹19,99,005 | ₹12,95,537 |
| 15 | ₹21,58,925 | ₹15,38,682 |
| 16 | ₹23,31,639 | ₹18,11,005 |
| 17 | ₹25,18,170 | ₹21,16,006 |
| 18 | ₹27,19,624 | ₹24,57,607 |
Frequently Asked Questions
What is education inflation in India?
Education costs in India have been rising at 8-12% per year, significantly higher than general inflation. Private colleges and international education often see even steeper increases.
How much does IIT cost today?
IIT fees for a 4-year B.Tech program are approximately ₹8-10 lakh including hostel. This has increased significantly from ₹2 lakh a decade ago.
Should I invest in equity or debt for education?
For goals more than 7 years away, equity mutual funds (index funds, flexi-cap) are suitable. As the goal nears (3-5 years), gradually shift to debt funds for safety.
What about education loans?
While education loans are an option, saving in advance means your child starts their career debt-free. You can use our EMI Calculator to estimate loan costs.
Is Sukanya Samriddhi Yojana good for education?
SSY offers ~8% tax-free returns with Section 80C benefits. It's excellent for a girl child's education, though partial withdrawal is allowed only after she turns 18.
How to plan for studying abroad?
Factor in currency risk — if the rupee depreciates 3-4% annually against USD, your effective education inflation could be 12-15%. Consider investing partially in international funds.