At a recent school reunion, a teacher of mine commented about how parents’ views on education had changed over the years.

If the debate was about CBSE or State board earlier, it is about ICSE (Indian certificate of secondary education) or IB (International Baccalaureate) board now. If it was IIT or a private engineering college earlier, it is about U.S. or U.K. or Canada for undergraduate studies now.

Aspirations have changed. So also, the cost of funding such aspirations. Agreed, funding options, too, have undergone a change. There are more education loan options available today than two decades ago. However, how many Indian parents allow their children to repay the loan, especially undergraduate loans? Also, how many students land up in a job abroad, in

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