India, June 6 -- Education at higher levels plays a key role in shaping your child's future. However, the increasing cost of higher education in India and abroad can become a considerable financial worry if not planned for in advance. For instance, professional degrees such as engineering or medicine can cost anywhere between Rs.10 lakh and Rs.50 lakh, while an MBA or international degree can cost even more.

Planning early and effectively can ensure that your child's goals are not hindered by financial limitations.

Let's explore some tips to help you prepare for your child's higher education and secure their future.

One of the most critical steps in planning for your child's higher education is to start early. Time is your biggest ally...