AI Summary
Parents in India are spending between ₹2-4 lakh on coaching classes to prepare for college admissions, driven by intense competition and education inflation rates of 10-12%. Financial experts caution families against depleting retirement funds or accumulating debt to afford coaching, emphasizing the importance of prudent financial planning.
This is a Mint Premium article gifted to you.Subscribe to enjoy similar stories.
Every year, thousands of parents sign cheques ranging from ₹2 lakh to ₹4 lakh without their child ever stepping into a university. Long before college offer letters arrive, families shell out lakhs in non-negotiable coaching fees, hoping the investment will improve their child's chances of success.
Full story reconstructed from Livemint. Formatting and media may differ from the original.
View original at Livemint