And You lay the foundation for them
A wise mother once said, “Your child will keep building castles in the air; you better start buying bricks for the castle today.”
All parent’s nurture dreams, hopes, aims and aspirations in their child. Gradually, these hopes blossom into ambitions. At that point of time, it becomes relevant to fulfill those ambitions by providing right education from right institutions. But, if we look at the figures then, we will find that the cost of education is rising at a very fast pace. And parents, with the objective of teaching their child deliberately shun luxuries to pay for a good education for their children. But the rising cost of education can never be an excuse to give up on it.
Every year the salaries of the working class rise but, unfortunately, the rise is lesser than the rate of cost of education is increasing, rising at 10-12% a year. Children’s education is one of the biggest cash outflows that families must plan for in advance This means these could are doubling every 5 to 8 years.
Since, the pace of increase in cost of education is more than the income pace one needs to look for a better remedy.
This story is from the August 2017 edition of Investors India.
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This story is from the August 2017 edition of Investors India.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
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