Use of hill stations for studies:

Yes as far as my experience , i was learning from LKG to Graduation in hill station only. If you are gifted to grow from childhood in hill station then you are lucky. We don't went to any theaters for movies in hill station, there are still no theaters in hill station.

Most of the youngsters and children's always spent their holidays in physical activity like playing football , cricket and go for swimming in nearby rivers around hill station . Often they will go to falls and weekend they play like catching fish , Always there will be some tournaments.

Also we can visit the tourist places in holidays with friends, if you are a local you won't get ideas to do that.

Regarding studies as compared to city fee structure on schools and colleges charges less fees.Apart from fees in hill station cost of living is less , not more expensive.

Food also cost will be normal than city.

But technology wise you need to upgrade yourself not many institutes are available to upgrade your skill for that city will be good choice. 

other than that , you can choose hill station for studies , you will have a wonderful experience and good friends....

have a good one...