What Indian mums and dads spend on junior’s higher education, related costs

Indian parents are spending more than ever on their children’s education. A recent report, titled The Value of Education, the Price of Success, by HSBC said the cost of higher education is being financed by parents by sacrificing personal time to earn the extra money needed to send their children to university. The study said one in two parents take up a second job or work for extra hours to get the money needed. HSBC polled 505 parents and 100 students in India for this report, and 10,478 parents and 1,507 university students across 15 countries and territories.

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