Study Abroad Cost Calculator
A foreign degree is priced in another currency, so its rupee cost rises with fees abroad and with any fall in the rupee. Enter yearly tuition and living costs in the foreign currency, today's exchange rate and when the course starts, and the calculator shows the rupee cost of each year and the SIP that funds the whole course.
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Calculator and results
A 2-year course costing USD 45,000 a year today (₹42,62,153 at ₹94.7145 per USD) could cost ₹1,24,50,989 in all if it starts in 5 years, at 4% cost inflation abroad and an assumed 3% yearly fall in the rupee. At an assumed 10% return that takes a monthly SIP of ₹1,38,834, or ₹67,31,084 invested once today.
Only a label: the maths is the same for any currency.
At today's fees.
Rent, food, travel, health insurance, books.
An assumption, in the foreign currency.
FBIL reference rate shown on rbi.org.in at 1 pm, 21 October 2026. Replace it with today's rate; banks add a margin.
An assumption, not a forecast. Try 0% to see the effect.
An assumption, not a promise.
Required monthly SIP
₹1,38,834
for 5 years
Total course cost in rupees
₹1,24,50,989
USD 1,11,689
First year in rupees
₹60,11,486
at ₹109.8001 per USD
One year today
₹42,62,153
USD 45,000
Or a lumpsum today
₹67,31,084
one-time, on top of savings
Savings at the start
₹16,10,510
grown at 10%
| Course year | USD | Rate (₹) | Rupees |
|---|---|---|---|
| 1 | 54,749 | 109.8001 | ₹60,11,486 |
| 2 | 56,939 | 113.0941 | ₹64,39,503 |
The target funds the whole course by the day it starts. An education loan can cover part of it instead; the education loan EMI calculator shows the EMI on the part you borrow.
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Required monthly SIP
₹1,38,834
- What it is:
- A savings planner for higher education abroad that converts foreign-currency costs into rupees.
- What it calculates:
- The rupee cost of each course year, the total for the course, and the monthly SIP or lumpsum today needed to fund it by the start date.
Key Assumptions
- Costs abroad rise at a constant rate and the rupee falls at a constant assumed rate; neither is a forecast.
- The whole course is funded by the start date; returns earned during the course are ignored.
- Bank and card charges on foreign remittances, TCS on remittances, visa, travel and insurance costs are not included unless you add them to living costs.
- SIP instalments are invested at the start of each month at the annual return divided by 12.
How does the Education Abroad Calculator work?
Enter one year's tuition and living costs in the foreign currency at today's prices. The currency you pick is only a label: the maths is the same for any currency.
Each year of the course is grown at the cost inflation abroad you enter, from today to the year it is paid. The first year is paid when the course starts, the second a year later, and so on.
Today's exchange rate is grown at the yearly rupee depreciation you assume, and each year's foreign cost is converted at the rate for that year. Currency moves cannot be predicted; the depreciation figure is an assumption to test, not a forecast.
The savings target is the total rupee cost of every course year, so the whole course is funded by the day it starts. That is cautious: money kept invested during the course would earn a little more.
Savings already set aside are grown at the expected return and subtracted, and the monthly SIP is solved with the same start-of-month convention as our SIP calculator and rounded up. An education loan can cover part of the cost instead; see the education loan EMI calculator.
Education Abroad Calculator formula
Rupee cost of year k = (T + L) x (1 + g)^(s + k) x X x (1 + d)^(s + k); Target = sum over k = 0 to c - 1
- T, L
- = tuition and living costs for one year today, in the foreign currency
- g
- = cost inflation abroad per year, as a decimal
- s
- = years until the course starts
- c
- = course length in years
- X
- = rupees per unit of the foreign currency today
- d
- = assumed yearly fall in the rupee, as a decimal
Required SIP = (Target - savings x (1 + r)^s) / ([((1 + i)^n - 1) / i] x (1 + i)), with i = r / 12 and n = s x 12.
Education Abroad Calculator: worked example
A 2-year course at USD 45,000 a year today, starting in 5 years, at ₹94.7145 per USD (RBI reference rate, 1 pm, 21 October 2026)
- First year abroad (4% cost inflation)
- USD 54,749
- Rate then (3% a year assumed fall)
- ₹109.8001
- First year in rupees
- ₹60,11,486
- Whole course in rupees
- ₹1,24,50,989
- Savings grown at 10%
- ₹16,10,510
- Required monthly SIP
- ₹1,38,834
Education Abroad Calculator: frequently asked questions
Which exchange rate should I enter?
Why assume the rupee will fall?
What should living costs include?
Should I take an education loan instead?
What return should I assume?
Further reading
On the same money and the same return, a lumpsum wins on arithmetic. Why a SIP is still the right answer for most people in India.
Comprehensive comparison between Mutual Fund SIPs and Bank Fixed Deposits in India. Compare after-tax returns, volatility, inflation beating, and liquidity.
Authoritative Sources
- Reserve Bank of India: exchange rates (FBIL reference rates) on the RBI home page· verified 21 October 2026
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Reviewed by Pradipta Ray, MBA (Finance) · Updated