Raising a kid is filled with many pleasures. No doubts. Yet, it comes with plenty of expenses. One of the largest recurring expenses? Education fee. A report states that Indians spend as much as 12.25 lakh on child education, from primary to university level. And that’s without even counting in additions such as books, uniforms, transport, etc.

For many families, this increasing education fee can be a heavy burden. That’s where the need for a proper financial plan comes. Let’s take you through how you can save effortlessly and remain stress-free to give your child the education they deserve.

Understand the Costs Involved

Education in India can vary extensively depending on the school and the curriculum. Here’s a simple estimate:

Education Level	Annual Tuition Fee
Kindergarten and Nursery	₹ 60,000 to ₹1,50,000
Primary school	₹1,25,000 to ₹1,75,000
Middle School	₹1,60,000 to ₹1,80,000
High School	₹1,80,000 to ₹2,20,000

Remember, these estimations are based on private schools fees in Tier 1 cities. Usually, the education fee is not as high as this.

How To Save For Your Child’s School Fees?

1. Start Planning Early

Time works for you in terms of saving. Even if your child is just getting started with a Montessori curriculum, start saving now. If you start early, you can:

• Make use of compound interest. You can deposit small savings consistently over the long term, which increases tremendously over time.
• Spread out the financial burden to prevent the anxiety of a huge, one-time education fee payment.​

2. Establish a Special Education Fund

Separating your child’s education fee savings maintains clarity and discipline. You can consider the following investment options to create a child education fund:

Option	Return	Risk	Best For
Fixed Deposits	6-7%	Low	Short Term (Less Than 5 years)
Public Provident Fund (PPF)	7.1%	Low	Long-term (15 yrs)
Sukanya Samriddhi Yojana (SSY)	8.2%	None	Girl child long-term savings (21 yrs)
Mutual Funds (Equity)	10-15%	Medium	More than 5 years
Child Insurance Plans	5-8% + life cover	Low	Guaranteed payment

The best choice is to go for a mix of all options. That diversification spreads away your risk element.

3. Reduce Unnecessary Spending and Channel Savings

Go over your monthly expenses to determine where you can save. It could be anywhere. For instance, just setting up a 24-hour rule before buying non-essential items can wipe out impulse buying. Even saving an additional ₹1,000 per month can make a substantial difference over time. Remember, little sacrifices now can lead to huge relief later. 

You can also try to improve your current income base for more savings. Consider renting out any spare space to get extra money. You can redirect all those to a child education fee payment fund.

4. Automate Your Savings

Let’s accept it. We are terrible at financial consistency. And the best way to solve that is automation. You can:

• Fix a regular amount to be transferred every month.
• Create an auto-debit SIP (Systematic Investment Plan) in mutual funds.
• Utilise bank recurring deposits that automatically deduct money every month.
• Use apps such as Groww or ET Money to keep an eye on your savings from time to time.

Automation makes it regular and prevents the possibility of missing a contribution.

5. Apply For Scholarships

Many international board schools in Noida offer merit-based scholarship opportunities. Make use of them to reduce the financial burden of tuition fee payments. Or, you can apply for government schemes that help families with limited income.

Conclusion

Saving for your child’s education should not feel like having a mountain to climb. It is, in fact, rather like constructing a ladder—step by step, with small but consistent steps.

And don’t forget, where you teach your child is important too. At GIIS Noida, we are of the opinion that excellent learning shouldn’t be at the expense of ongoing financial pressure. That’s why we offer high-quality education with a transparent education fee structure. Start planning today and give your child the gift of stress-free learning.