Indian parents work overtime to fund their children education

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According to HSBC Global Survey on Education carried out among 10,000 parents and 1,500 students across 15 countries, including India, nearly half of Indian parents sacrifice their holidays to take up extra work and borrow to fund their children’s university education. The survey also reveals that 84 percent rely on their income to support their child’s university education, with 41 percent have no specific education savings fund at all. Thus, they are forced to make personal sacrifices to support their children education.