However have a heart and plan for the expenses as per below screenshot which will show that you need to save a lot or plan for an educational loan as Australia is most expensive followed by USA and Then in the line is UK. However UK must have had taken a hit as they are asking for a refundable security before issuing a Visa and this security runs in multiple of Lacs. Check out the available educational loans in India here. You can even get income tax rebate on educational loan and thus it can lighten your financial burden to a great extent. So, being in India with dollar touching Rs 70 means that you need to undertake considerable savings. You can also check how investment need to be undertaken in India to help you fulfill your children dreams.