The Economic Times

Should I take education loan or break my investments to pay Rs 21 lakh for my sons MBBS degree?

ET Wealth Reader's Query: I am 48, planning to fund my sons MBBS degree at a private medical college. The fee is about Rs 21 lakh a year for five years. I am in the 30% tax bracket and have sufficient savings, with 90% of my mutual fund portfolio in equity. Should I redeem my investments to pay the fees or take an education loan? If I opt for loan, what repayment tenure would offer the maximum financialbenefit?