A continuous rise in education costs in India has been a worrying point for most parents. Relying solely on an education loan burdens the child financially, resulting in lesser room for the child’s individual savings in the initial stages of their career. To avoid lack of funds becoming a hindrance to their child’s education aspirations and professional journey, parents must save for their child’s education as early as possible. For example, fees in one of India’s most premier institutions the Indian Institute of Management.
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