School fees calculator

KRAM_2

I’m thinking of sending my daughter to private school but want to gauge how much it’s going to cost me and whether I can afford it. Does anyone know of a good schools fees calculator on the web that could help me?

Thanks

openbook_2

I'm not aware of any calculator but as a general rule would be to include:
1.Fees
2. 5-10% yearly increase in fees. At the moment many have frozen fee increases but popular and over subscribed wont have.
3. Uniform It's quite likely that the school may have a summer and winter uniform plus sports kit.
4. Musical instrument or after school activity and any equipment this might require. Many schools also allow you to lease instruments and can be as cheap as £50 per term.
5. School lunches may be compulsory and paid termly.

boogienights

Hi,

There's a couple I've seen which could help you.

1. If you don't mind paying £35 then allaboutschoolfees.com has a very comprehensive looking calculator, think it also includes the fees for most private schools.

2. As a free alternative there's a couple of school fees calculators at candidmoney.com which look quite detailed too.

Agree with the previous poster, don't overlook the costs for uniforms etc, it all adds up.

Good luck!

opinions4u

KRAM wrote: »

I’m thinking of sending my daughter to private school but want to gauge how much it’s going to cost me and whether I can afford it. Does anyone know of a good schools fees calculator on the web that could help me?

Thanks

Many schools will publish their fees on their web site.

I would suggest you look at the sites for the schools you are considering.

- add £2,000 to the current tariff (to cover all the additional costs that you will encounter beyond the fees - uniform, trips, an element of keeping up with the Jones's etc)

- factor in how many years your child will be at the school (don't forget "A" levels etc)

- calculate a 5% year on year increase to fees (over and above inflation)

E.g. a 7 year schooling that starts out at £10,000 fees a year should cost the following amounts year by year:

Y1:£12,000
Y2:£12,600
Y3:£13,230
Y4:£13,892
Y5:£14,586
Y6:£15,315
Y7:£16,081


So just short of £100k before you pack the little cherub off to uni. Which will cost again!

melbury

opinions4u wrote: »

Many schools will publish their fees on their web site.

I would suggest you look at the sites for the schools you are considering.

- add £2,000 to the current tariff (to cover all the additional costs that you will encounter beyond the fees - uniform, trips, an element of keeping up with the Jones's etc)

- factor in how many years your child will be at the school (don't forget "A" levels etc)

- calculate a 5% year on year increase to fees (over and above inflation)

E.g. a 7 year schooling that starts out at £10,000 fees a year should cost the following amounts year by year:

Y1:£12,000
Y2:£12,600
Y3:£13,230
Y4:£13,892
Y5:£14,586
Y6:£15,315
Y7:£16,081


So just short of £100k before you pack the little cherub off to uni. Which will cost again!

:eek::eek::eek::eek::eek:

These figures seem to be exceptionally high, there are many good independent schools that are cheaper than these prices.

My son went to private school from aged 4 to 18 and we certainly did it on a shoestring, plus the fact that he got some very good scholarships. It really is worth looking into what various schools offer, it is tough but it can be done and when he ended up getting a first class honours degree from Oxford, we felt it was really worth it.:T

KRAM_2

Many thanks for the replies. Some of the extra costs mentioned I hadn't considered and the suggested calculators at candidmoney have proved useful. I think I am definitely going to persue the private school route even though it may at times be stressful to have such a financial commitment I think it will be more than worth it (As the last poster has proved... thanks!)

Absinthe_Fairy

This is a bit off-topic, and probably a bit presumptuous of me, but private school does not necessarily mean better grades and greater success. I was state educated, one of my cousins was privately educated and we came out with pretty much exactly the same GCSE grades, straight As at A Level, and both went to top ten unis. Her twin brother, who was also privately educated, got average grades, went to an ex-poly and failed every year of his course in turn before repeating it. It depends on the individual as much as the school (and parental support - which your daughter obviously has!).

This is none of my business really so good luck whatever you decide.