Financial Planning
The reality of salaries, education costs, and scholarships.
The Reality of Salaries
Many parents focus heavily on the "Starting Salary" of a career. It is crucial to understand that salary depends on Skills, Experience, Location, and Industry, not just the degree.
"An average software engineer might earn ₹5L per year, while a highly skilled UI/UX designer from an arts background might earn ₹15L per year. The market rewards excellence and skill execution, regardless of the college degree."
Education Expenses & Scholarships
College education is a significant investment. Do not assume that expensive private colleges automatically guarantee better jobs than affordable government institutions.
-
Government Scholarships
Explore portals like the National Scholarship Portal (NSP) for merit-cum-means scholarships.
-
University-Specific Grants
Almost all private universities offer up to 100% tuition waivers based on Class 12 board marks or their own entrance exam ranks.
-
Education Loans
Banks offer lower interest rates for premier institutions (IITs, IIMs, NITs). Plan repayment strategies before taking heavy loans.