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More private school parents resorting to "act of desperation"

Posted on 24th November 2008

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A growing number of middle-class parents are being forced to remove their children from private education as the economic downturn hits their wallets.

While experts have noted that parents will work extremely hard to ensure that their children can remain in independent schools, some are now having to make difficult decisions, the Daily Telegraph reports.

Regional editor of The Good Schools Guide Sue Fieldman told the paper that taking a child out of private school halfway through the academic year would be "an act of desperation".

However, she noted: "A lot of people who have been made redundant in the financial sector are mortgaged up to the hilt and borrowed up to the hilt and literally have no money to pay fees."

Ms Fieldman added that there is a "limit" as to what parents can afford as the economic crisis takes its toll.

Last month headmistress of Wakefield Girls High School Pat Langham told the BBC that many private school parents have had to reconsider their spending as the credit crisis takes its toll.