College Cost Calculator
Estimate future education costs and monthly savings needed to fund any degree
Current Annual College Fee (₹)
₹
Total annual fee at today's prices (tuition + hostel + misc)
Years Until College Starts
yr
Duration of Degree (years)
yr
Education Inflation Rate (%)
%
India average: 8–10% p.a.
Investment Return Rate (%)
%
Education Cost Estimate
Total Future Cost
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First Year Cost
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Monthly Savings Needed
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Cost at Today's Prices
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Inflation Impact
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Planning for Education Costs
Education inflation in India runs at 8–10% per year — much faster than general inflation. A college that costs ₹2 lakhs/year today will cost ~₹4.3 lakhs/year in 10 years at 8% inflation. Planning early and investing in equity mutual funds or ELSS can help beat this inflation.
Start early — the power of compounding means saving ₹5,000/month for 15 years at 12% returns gives you ₹50+ lakhs, far more than saving for only 5 years. Consider Sukanya Samriddhi Yojana for daughters, or a dedicated SIP in an equity fund earmarked for education.
lightbulb Example
₹2L/yr, 4-yr degree, starts in 10 years:
1At 8% inflation, future cost ≈ ₹17.4L
2At 12% return, save ≈ ₹6,200/month
✓ Start now to beat education inflation
quizFrequently Asked Questions
What is the best way to save for college education in India?
Sukanya Samriddhi Yojana (SSY) is excellent for daughters — tax-free returns around 8%. For general education goals, PPF (tax-free at 7.1%) and equity mutual funds via SIP are common. Equity funds have historically delivered 12–15% CAGR over 10+ years, making SIPs ideal for long-horizon education goals. Start investing as early as possible to leverage compounding.
How much does a top engineering or medical college cost in India?
A 4-year B.Tech at an IIT costs ₹8–12 lakhs total (tuition + hostel). Private engineering colleges range from ₹5–25 lakhs. MBBS at a government college is ₹2–8 lakhs; private medical colleges can cost ₹50–90 lakhs. With 8% annual education inflation, costs double every 9 years — start saving early.
Should I take an education loan or save in advance?
Saving in advance via SIPs or PPF is better if you start 10+ years early, as compounding returns can exceed loan interest rates. Education loans make sense for immediate needs — interest paid during the moratorium is deductible under Section 80E for up to 8 years. Many parents use a hybrid approach: save what they can and bridge the gap with a loan.