CHILD PLANS AND THE DO’S AND DONT’S
According to a survey in 2014, our country has around five cores of students who graduate and want to study further but cannot because they lack funds. This is when child plan comes into the picture. In a developing country like India, education cost are touching the sky, and if this is the situation now, I wonder what will happen when the current generation will have their kids go to college. Some years back, educational institutions raised the fees by 8.5%. If you think about this, then even the inflation rate is less than 8.5%. If we talk about 2009, that is ten years back, then for graduation, per year a student would need 22,000. If we fast forward to five years, then the per year graduation cost was estimated to be 37,000. Which is almost double. Hence, to make sure that your child does not face such a situation, a child plan is very important. If you go to see the percentages, the average person in India earns around 62,000 per year. And for a student, the expenditure for