How much does school cost in 2015? It just got much more expensive. Ouch.
When it comes to our children’s future success, we all know education is invaluable. But that doesn’t mean that getting your child one step ahead won’t come at a hefty price. And when you find out that exact dollar figure, we guarantee your mind will be boggled.
Get ready for this.
When a baby, born in 2015, finishes high school, parents who opt to put them in private school would have spent approximately $541,275.
That’s half a million dollars per child. Ouch.
The figures have been released by the Australian Scholarships Group who found that Sydney is the most expensive city in Australia to fund a child’s education. No surprises there.
But if you think you’re saving by putting your child through the public system, we also have some bad news. Sending a child to a public school can cost upwards of $71,000 in Sydney and Catholic education comes with a price tag of $234,887.
These figures take into account school fees, transport, computers, school excursions and sporting trips. John Velegrinis, chief executive of the ASG, says parents need to start planning school related finances from the day a baby is born.