Question 1

Why does this calculator ask for a separate exchange rate assumption?

Accepted Answer

Study-abroad costs are usually quoted in a foreign currency, and both the underlying cost (via education inflation) and the INR value (via currency movements) can change independently between now and when your child actually studies abroad. Separating the two lets you test different assumptions for each.

Question 2

What exchange rate should I assume?

Accepted Answer

This is inherently uncertain — a common approach is to use the current exchange rate as a baseline, since predicting currency movements over a decade or more is not reliable. Some planners add a modest annual depreciation assumption for the rupee, but that is a personal judgment call, not a fixed rule.

Question 3

Is education inflation abroad different from education inflation in India?

Accepted Answer

Yes, typically — tuition inflation in popular study-abroad destinations (US, UK, Australia, Canada) has generally run a few percentage points, so using a domestic education inflation assumption for a foreign degree can understate the true future cost.

Question 4

Does this include living expenses, or just tuition?

Accepted Answer

Enter whatever figure you want projected — if you want a full estimate, add tuition and estimated annual living costs together as your "today's cost" input, since the calculator itself only performs the inflation and currency projection on the number you provide.

Study Abroad Cost Calculator

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