Industry News
Parents pay price for private school
Posted on 28th August 2007
A report has discovered escalating costs for private education has led to many families sacrificing holidays and making other cutbacks in order to pay for their children's education.
The survey by JPMorgan Asset Management (JPMAM) has found 52 per cent of parents give up holidays and for 58 per cent of families who pay for education, fees cost ten per cent or more of the household income.
However, 54 per cent of respondents said a poor choice of state schools in their area is one of the reasons they choose to privately educate their children and 81 per cent believed children received a better education.
James Saunders Watson, speaking for JPMAM, said: "Our research shows that more than half of parents took this decision because they felt it was the only viable option for their child due to a lack of sufficient state schools in their neighbourhood."
The Independent Schools Council accounts for more than 80 per cent of pupils in private education and reports its current average fees are £3,391 a term.