Refinancing to cover school fees

CBR600F_2

bankhater_1965 wrote: »

what a low life individual you are for making such a ridiculas comment , if thats what private education teaches you how to conduct yourself on a public forum it says it all really

Thanks for beautifully illustrating my point.

opinions4u

Take_it_like_a_man,_sonny wrote: »

I would get rid of the charitable status and charge VAT at 75% as it is a luxury.

Why? Do other luxuries have VAT charged at 75%?

It is the time we took wht Dennis said in the 70's and make the pips squeak until they squeal.

Possibly the least successful chancellor of the last century. Who ended up taxing investment out of the country and left the workers to pay more.

The majority of kids who go to private school are not the children of Toffs. They tend to be the offspring of middle income earners. Maybe one of the two parents scraping in to higher rate tax. Maybe not.

One of the great things about this country is choice. To erode that choice, which is happening, is wrong.

If somebody wants to spend 25% of their take home pay on educating their children in the best way possible, good for them.

I wasn't able to afford it for my two kids. It's a shame. They went through a state system that was intent on getting as many students to Grade C as possible. There was little focus on getting those who could coast to a C upto a B grade or even an A. Discipline was inconsistent. The focus on getting each individual to achieve their potential? Non-existent.

Anyway, price the middle classes out of private schools altogether and the Toffs will just enjoy more for themselves. While the state system won't have the capacity to take the increased numbers and even if it did would continue on its ambition to make everybody average.

shortchanged_2

The_J wrote: »

SHOCK BREAKING NEWS. Parents give up luxuries to give their kids a good start in life. Investing in your children's future is a luxury? Good god, if that chip on your shoulder was any bigger your arm would fall off.

I sit here smiling at your posts though, at the sheer inadequacies of your life, the spitefulness garnered only by a life filled with failure. :rotfl:

Does that mean I'm off your list of endorsed posters then The J. :rotfl:

bigadaj

shortchanged wrote: »

Does that mean I'm off your list of endorsed posters then The J. :rotfl:

That should be a relief for you.

shortchanged_2

bigadaj wrote: »

That should be a relief for you.

You're not wrong there. :beer:

Thrugelmir

Rockporkchop wrote: »

To answer your original question OP, depending on who your lender is, you don't have to remortgage - you can just add additional borrowing for home improvements.

Banks are wiser to this now. So no guarantee they'll play ball.

bankhater_1965

i carnt believe theres so many people excist who have nothing else to teach there kids only money money whilst living a life of all furcoat and no knickers , there a damm right joke by remortgageing there family home for such needs , get a life

real1314

There's a lot of nonsense on here about public vs private, so I might as well add to it:-

1. Smart kids generally do well, whichever they go to
2. The teachers are rarely any better at private schools
3. A lot of kids at private schools do not have wealthy parents
4. Most bursaries at private schools are means tested
5. Private schools are usually selective

What does it all add up to?

Well, by choosing a private school you are increasing the percentage of kids your child is educated with who actually want to learn and do well at school. You are pretty much eliminating the kids whose families have spent their entire life on benefit, and whose aspiration for their kids is to follow in the family footsteps. You are also reducing the percentage who struggle at school and need extra help.

By those 2 sectors being eliminated you will find that the teachers have more time to spend on those who are capable, and so they may well do better than they had done at a state school. The peer pressure will also be more consistent in wanting to do well, added to which a greater proportion of parents will expect their children to do their homework and put full effort into their studies.

Please note, all of these comments refer to increased proportions, not absolute divisions. There are many kids who do extremely well at state schools, there are some who do very badly; but there are some who do not do as well as they could. I would suggest that there are very few privately educated kids who do not do as well as they could.

There are some great state schools, but there are some terrible ones. in my area there are 4 local schools, none of which are terrible, but none of which are great. If you are in this situation and you can afford to pay for private (because you are loaded or because you can pare to the bone and pay it off over a few extra years) then it's a choice for the individual.

You still pay tax on the money you use to pay private school fees, and you pay towards the education system that you are not even using.

OP - it's your choice, but if you want to do it; do it.

:cool:

opinions4u

real1314 wrote: »

There's a lot of nonsense on here about public vs private, so I might as well add to it:-

1. Smart kids generally do well, whichever they go to
2. The teachers are rarely any better at private schools
3. A lot of kids at private schools do not have wealthy parents
4. Most bursaries at private schools are means tested
5. Private schools are usually selective

What does it all add up to?

Well, by choosing a private school you are increasing the percentage of kids your child is educated with who actually want to learn and do well at school. You are pretty much eliminating the kids whose families have spent their entire life on benefit, and whose aspiration for their kids is to follow in the family footsteps. You are also reducing the percentage who struggle at school and need extra help.

By those 2 sectors being eliminated you will find that the teachers have more time to spend on those who are capable, and so they may well do better than they had done at a state school. The peer pressure will also be more consistent in wanting to do well, added to which a greater proportion of parents will expect their children to do their homework and put full effort into their studies.

Please note, all of these comments refer to increased proportions, not absolute divisions. There are many kids who do extremely well at state schools, there are some who do very badly; but there are some who do not do as well as they could. I would suggest that there are very few privately educated kids who do not do as well as they could.

There are some great state schools, but there are some terrible ones. in my area there are 4 local schools, none of which are terrible, but none of which are great. If you are in this situation and you can afford to pay for private (because you are loaded or because you can pare to the bone and pay it off over a few extra years) then it's a choice for the individual.

You still pay tax on the money you use to pay private school fees, and you pay towards the education system that you are not even using.

OP - it's your choice, but if you want to do it; do it.

:cool:

A very, very good post.

On point two you may be right. But the teaching in private schools is better.