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Parents willing to go into debt to fund child education: HSBC

Parents with a child at college were spending Rs 2.05 lakh a year on their education

Parents willing to go into debt to fund child's education: HSBC survey

HSBC’s latest edition of the Value of Education 'Foundations for the future' study found that a vast majority (71 per cent) of parents in India were willing to go into debt to fund their child’s university or college education. This rose to 76 per cent among those parents considering a university education abroad for their child. The study found that fathers (78 per cent) and younger parents aged 34 or under (77 per cent) were more likely to consider getting into debt to fund their child’s university or college education, than mothers (64 per cent) and ...