Choosing the right educational institute for your child is one of the most significant decisions a parent can make. This decision involves balancing several factors, including the quality of education and the cost of fees. Here's a detailed guide to help you navigate this process, complete with a formula to assist in making an informed decision.
Understanding the Key Factors
1. Quality of Education: Look into the curriculum offered and the school's academic track record.
The Formula
To help quantify the decision, consider the following formula: Affordability Index (AI) = (Household Income - Total Financial Obligations) / Total Educational Cost per Child