Providing for your child’s overseas education
Considering the multiplicity of variables, it is best that you start planning today
My daughter first went abroad for her undergraduate studies in 2006. The exchange rate then was around 85 to the British pound, and for the first couple of years trended lower to 77. I was happy as the inflation in fees in local cost was offset by a strengthening rupee. In her final year, the trend reversed and I recall transferring fees for the first semester at more than 90. The fluctuations were too wild to be covered in the calculations a typical financial planner like me would make.