Cost of learning slows down
The rapid pace of school fee rises has slowed down in the past year, according to research from Halifax bank.
In the past five years the rate of inflation for school fees has been 43%, but in the last 12 months this has slowed to 6% and the average annual cost per child at a fee-paying school now stands at £10,368.
“School fees now comprise 36% of the average UK worker’s annual earnings (£28,511),” said education consultant Chris Allen. “In 2001 the equivalent figure was 31%, so the rise is obvious.”
The highest fees are charged in the south east of England, at an annual average of £12,237 for boarders.