Financial planning for a child's foreign education is one of the most important aspects of parents life | This requires serious consideration and long term planning

1. Prashant Ajmera
Lawyer, Founder & Author
Financial Planning For Your
Child’s Foreign Education

2. Computer Science Undergrad Study in USA / Canada
Name of
University
Local
student fees
/year (A)
International
student fees
/year (B)
Living expenses
(C)
Total expenses
Local students -
A + C
Total expenses
International
students - B + C
Penn State
University, USA
21,540 X 4 =
86,160 US$
36,974 X 4 =
147,896 US$
(72 % more)
12,000 x 4 =
48,000 US$
134,160X @ 75
= Rs.10,062,000
195,896 X @ 75 =
Rs. 14,692,200
University of
Toronto,
Canada
11,420 X 4 =
45,680 CD$
57,870 X 4 =
231,480 CD$
( 5 times more)
12,000 X 4 =
48,000 CD$
96,680 X @ 57=
Rs. 5,339,760
279,480 X @ 57 =
Rs. 15,930,360
Financial Planning For Your Child’s Foreign Education

3. Financial Considerations & Options
Invest in India – Rupee to Rupee to Dollar.
Equity FDs
Others
Mutual
Funds
Foreign
Funds
Bonds
Real
Estate

4. Financial Considerations & Options
Investment in 2019-20
(i) Study - 4989.04
(ii) Close relative – 3437.46
(iii) Gift – 1,904.53
(iv) Deposits - 623.37
(v) Property – 86.43
(vi) Debt / equity - 431.41
(vii) Donations - 22.32
(viii) Travel - 6954.20
(ix) Medical - 33.88
(x) Others – 268.74
RBI Data -
Investments made outside
of India in USD millions
2019-20 -18,751

5. Currency ISO
Code
2008 2009 2010 2013 2014 2015 2016 2017 2018 2019 2020
US Dollar USD 48.76 45.33 45.00 68.80 66.07 66.73 67.19 65.11 70.09 74.50 76.5
Indian Rs. Rs. 100
US$ 2.05 1.30
Assets in Rs. 50,000,000 50,000,000
Assets in US$ 1,025,430 653,594
Exchange value of 1 Indian Rupee to 1 US Dollar from 2008-2020
Financial Considerations & Options

6. Financial Considerations & Options

7. Financial Considerations & Options
Invest out of India – Rupee to Dollar to Dollar
Global
Equity
ETFs
Others
Global
Funds
Foreign
Funds
Global
Bonds
Global
Real
Estate

8. Other Viable Options
• (i) Study in India and go
abroad for Master’s
degree
• (ii) Study in India, work for
2-3 years in India, get a
good IELTS score and
apply for direct PR of
Canada – cost CD$ 7,000 =
Rs. 400,000
• (iii) Consider Residency
and Citizenship by
Investment

9. Financial Planning For Your
Child’s Foreign Education
Other practical considerations
1. Plan early - As soon as your
child is in grade 1 or 2
2. Do not presume – Foreign
education = Good job,
immigration and life is set
3. Find out demand of area of
study and occupation
4. PGDBM is not an University
Master degree
5. College is not university
education

10. Financial Planning For Your
Child’s Foreign Education
Other practical considerations
1. Find out how child can get residency after
completing foreign education
2. How to get license to practice if studying
for medicine, law, engineering, pharmacy
(licensed professions)
3. Do not get attracted by scholarships – It is
just a gimmick
4. Student visa agents are motivated by
commissions they make from your fees
5. There are no free lunches in life.
Do not get lured into the trap of free IELTS
coaching and free visa processing.

11. Where Can I Get
More Information?
1. Official university and
government web site
2. International reports
3. Online groups of past
(alumni) and current
students
4. Global education
association website
5. Occupation outlook
survey and data

12. Free eBook by: Prashant Ajmera
Please visit our virtual booth and register your interest

13. Please visit our virtual booth and register your interest
• Financial Planning For Your
Child’s Foreign Education
• Q & A