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  • FIRST POST
    • z1a
    • By z1a 28th Sep 16, 7:31 PM
    • 293Posts
    • 183Thanks
    z1a
    School charging interest on purchases?
    • #1
    • 28th Sep 16, 7:31 PM
    School charging interest on purchases? 28th Sep 16 at 7:31 PM
    Is it likely that a school would have a consumer credit licence? Or do they even need one?
    The reason I ask is that my Son regularly comes home with a letter about something he may need or want. A regular one is about the next school trip, where, for example it cost £300, pay in full now, or pay £33 X 10.
    The latest one is for a Chromebook pay in full now £120 + £30 insurance? Or pay £45 X 3 + ins. or pay £4.45 X 36 + ins.
    Normally if it's an item or trip he wants I'll just pay in full, however I realise a lot of parents may not be in a position to do that. Just wondering if they can do that, no mention on letters about interest rates or total payable. The Chromebook he does want so I'll pay in full, but the insurance, again, no mention about what it's covered for or not, so won't pay that until I see a policy from the school, will be emailing them later about that.
Page 1
    • missbiggles1
    • By missbiggles1 28th Sep 16, 7:38 PM
    • 15,823 Posts
    • 28,835 Thanks
    missbiggles1
    • #2
    • 28th Sep 16, 7:38 PM
    • #2
    • 28th Sep 16, 7:38 PM
    I'd think that extra was an administration charge rather than interest on a loan.
    • z1a
    • By z1a 28th Sep 16, 7:43 PM
    • 293 Posts
    • 183 Thanks
    z1a
    • #3
    • 28th Sep 16, 7:43 PM
    • #3
    • 28th Sep 16, 7:43 PM
    Yes, I hadn't considered that, you may well be right.
    Still not paying for the mystery insurance yet though.
    • Spendless
    • By Spendless 28th Sep 16, 10:22 PM
    • 18,982 Posts
    • 30,500 Thanks
    Spendless
    • #4
    • 28th Sep 16, 10:22 PM
    • #4
    • 28th Sep 16, 10:22 PM
    I've never come across. Usually a payment plan is included with the school trips, so you pay a deposit to secure the place then a set amount in the w/c ....or by X date, and then another payment of £x will be due ins such and such week ending with the final balance due on <whatever> date.

    Mine haven't been at a school that has you buying notebooks/ipads etc, so the above is purely for residential trips.
    • teddysmum
    • By teddysmum 2nd Oct 16, 8:09 PM
    • 5,849 Posts
    • 3,451 Thanks
    teddysmum
    • #5
    • 2nd Oct 16, 8:09 PM
    • #5
    • 2nd Oct 16, 8:09 PM

    Mine haven't been at a school that has you buying notebooks/ipads etc, so the above is purely for residential trips.
    Originally posted by Spendless


    Suggesting that your child needs this, to some , expensive equipment is rather like blackmail isn't it? Some parents will feel obliged to take up the offer in case their child feels the odd one out.
    • Running Horse
    • By Running Horse 3rd Oct 16, 7:41 AM
    • 9,658 Posts
    • 17,055 Thanks
    Running Horse
    • #6
    • 3rd Oct 16, 7:41 AM
    • #6
    • 3rd Oct 16, 7:41 AM
    I have come across school activities rising from the advertised price because other kids are not paying anything, and the school cannot require them to. Not surprisingly, those who work and pay their way in life soon resent paying more.
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    • jackieblack
    • By jackieblack 5th Oct 16, 8:52 AM
    • 6,658 Posts
    • 8,282 Thanks
    jackieblack
    • #7
    • 5th Oct 16, 8:52 AM
    • #7
    • 5th Oct 16, 8:52 AM
    I have come across school activities rising from the advertised price because other kids are not paying anything, and the school cannot require them to. Not surprisingly, those who work and pay their way in life soon resent paying more.
    Originally posted by Running Horse
    This shouldn't happen if the activity is during school hours and the children whose parents don't pay are still participating in the activity.

    For extra curricular activities, costs can rise if fewer people are participating.

    You should ask the school for a copy of their Charging and Remissions policy (or should be on their website)
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    • z1a
    • By z1a 9th Oct 16, 6:44 PM
    • 293 Posts
    • 183 Thanks
    z1a
    • #8
    • 9th Oct 16, 6:44 PM
    • #8
    • 9th Oct 16, 6:44 PM
    The extra amount is indeed for admin. costs. The insurance is reasonably comprehensive, and is for 3 years, so not too bad for £30.
    • William Donati
    • By William Donati 24th Oct 16, 11:49 AM
    • 7 Posts
    • 2 Thanks
    William Donati
    • #9
    • 24th Oct 16, 11:49 AM
    • #9
    • 24th Oct 16, 11:49 AM
    I'd think that extra was an administration charge rather than interest on a loan.
    Originally posted by missbiggles1
    What about the administration charge for those who pay the full amount in one go
    • z1a
    • By z1a 24th Oct 16, 7:46 PM
    • 293 Posts
    • 183 Thanks
    z1a
    1 receipt rather than 3 or 36, not much admin. costs there.
    • Sncjw
    • By Sncjw 20th Nov 16, 5:13 PM
    • 1,108 Posts
    • 659 Thanks
    Sncjw
    I find it baffling schools now saying the kids need the expensive equipment. Why do they need them. Do they not have computers in school
    • adom_thomas
    • By adom_thomas 29th Nov 16, 6:14 AM
    • 67 Posts
    • 23 Thanks
    adom_thomas
    Unfortunately! From last few years, schools are focusing on their income instead of better education!

    • Acquinas
    • By Acquinas 30th Nov 16, 11:55 AM
    • 57 Posts
    • 28 Thanks
    Acquinas
    Shouldn't happen really. Schools should charge just what it costs to deliver the service and costs or trips etc are generally calculated on a "break-even" basis. In fact, the school knows that a certain number of parent will never pay up and so basically subsidises trips out of its own fund to some extent. There's really no additional cost for admin as all school have an office staff or business manager whose job it is to look after those things anyway.
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