This year, it seems that the average cost of boarding schooling a kid will surpass £500,000 for the first time.
The Independent Schools Council (ISC) estimates that parents spend £37,032 annually for boarders.
Today, there are around 544,000 students enrolled at ISC member institutions. The number of boarders is close to 70,000.
Parents will shell out an average of £505,955 for a kid who boards from the age of seven, according to The Times’ analysis.
The estimate is predicated on annual fee increases of 2%. If they grew by 5% annually, it would cost £654,919 to do so.
Even parents earning six figures a year will find it difficult to cover the escalating expense of boarding school for their children.
According to the publication, Harrow School in London now costs £46,710—a 7% rise.
Similarly, Winchester College’s annual tuition has increased by 6% to £45,936.
Despite the fact that parents spend more money on their children’s education, British colleges prefer to admit affluent international students.
According to The Sunday Times, prominent colleges like Oxford and Cambridge have turned down record numbers of applicants in favour of international students.
It happens after a mother of five who came to Mumsnet to voice her displeasure about a 7% price rise at her child’s private school was greeted with little understanding.
The unidentified mother said on a British parenting site that she didn’t think the “whole private school thing is good value” and that sending your child there puts you in a “trap.”
She continued, complaining about “CEO-headmasters” who claim to have “a vision” for schools: “Is this the standard now?
Although I am aware that prices are rising, shouldn’t they endeavour to cut expenses and operate as efficiently as possible?
They apparently need to increase their bursary funding and adopt a greener lifestyle.
However, some users were astounded by her remarks, claiming that they were “in line with inflation” and that she was free to remove her kid from the school if she so chose.