What will your child’s education cost?
Education costs have historically risen faster than general prices. This takes a fee you know today and compounds it to the year the fee is actually due.
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The method is simple compounding: today's cost multiplied by (1 + rate) for each year until the course starts. The full explanation is below.
Cost when the course actually starts
—
| Cost today | — |
|---|---|
| Cost when due | — |
| Less already saved | — |
| Still to find | — |
What this means month to month
This is an estimate based on the figures you entered. It is not a quotation, and it does not reflect any insurer's product terms or pricing. What a policy actually costs is set by the insurer at underwriting.
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How this is worked out
One line of arithmetic: today's cost multiplied by (1 + rate) once for every year until the fee is due.
Future cost = cost today × (1 + r)n
The savings figure is then subtracted to show what is still to find. It is deliberately not grown at an assumed investment return — doing that would require a second assumption and would flatter the result. What you have saved is shown at its face value today.
The rate is yours to set. Education inflation has historically run above general inflation in India, but by how much depends entirely on the institution and the course. This site does not assert a figure, because any figure it asserted would be wrong for most readers.
The monthly note below divides what is still to find by the months remaining. That is a plain division, with no investment return assumed — a deliberately pessimistic figure, and a useful floor.
Questions people ask
Why is the future cost so much higher than today’s?
Compounding over a long period. At eight per cent, a cost roughly doubles every nine years — so a fee due in twelve or fifteen years can be two or three times what the same course costs today.
What education inflation rate should I use?
Your assumption. If you have a specific institution in mind, its own fee history over the last five years is a far better guide than any general figure. Try a range and see how much the answer moves.
Why not assume my savings will grow?
Because that would need a second assumption stacked on the first, and each one makes the result less trustworthy. Showing savings at face value gives a conservative figure — if your savings do grow, the gap is smaller than shown, which is the direction you want to be wrong in.
How does life insurance relate to this?
The goal remains whether or not you are around to fund it. That is why education costs are one of the things the needs-based cover calculator asks you to include — it is a commitment that outlives your income.
Related reading
- How much cover do I need — where a goal like this belongs in sizing cover.
- Retirement corpus — the same inflation arithmetic over a longer horizon.
- Savings plans — the category built around funding a dated goal.
Last reviewed: 31 August 2026