Cost of Higher Education in India Is Leaving Parents Drained, in Debt. ‘We Put Our Own Dreams on Hold’
Fareeha Iftikhar | 21 November 2024 | The Print
New Delhi: A 53-year-old business consultant and mother of two in Chennai began setting aside some money each month years ago when her boys were still in primary school. Today, one of her sons is studying law at O.P. Jindal Global University in Haryana, and the other has signed up for a bachelor’s degree in mathematics at Krea University in Andhra Pradesh.
However, despite her early efforts to save, it hasn’t been enough. Though she and her husband paid for their older son’s law degree with their savings, they were forced to sell some property to cover the cost of their other son’s education which increased beyond their expectations each year. “In the first year, the fee was just over Rs 8 lakh, but it has risen to approximately Rs 10 lakh in the fourth year, with no clear explanation,” said the woman who wished to not be named….