Business · Economy · 1 day ago
13 years of private school could cost up to $800,000
The cost of 13 years at an independent school in Australia could reach about $800,000 by the end of the next decade.
The estimate assumes fees rise by 5 per cent each year, but it is a projection, not a forecast.
At Sydney’s King’s School, Year 12 tuition for 2027 has risen above $50,000, before extra charges.
Schools say higher teacher wages, facilities, cybersecurity and energy costs contribute to fee increases.
Some Sydney schools raised fees by at least 6 per cent last year, and financial advisers say families may want to plan for increases of 5 to 8 per cent.
Actual fees are set year by year, so the final cost will depend on how they change and which school a family chooses.
The cost of 13 years at some independent schools could approach $800,000 by the end of the next decade if fees rise by 5 per cent each year.
A child starting kindergarten at The King’s School in 2027 could cost their family about $790,000 through to 2039.
The King’s School’s 2027 Year 12 tuition rose 4.8 per cent to more than $50,000, before extra charges.
Schools say rising teacher wages are driving fee increases, while some also cite cybersecurity and campus upgrades.
Independent Schools Australia says projecting 5 per cent annual increases through 2039 is arithmetic, not a forecast.
- Who
- Families considering independent schooling, including parents at The King’s School.
- What
- Thirteen years of independent schooling could cost up to about $800,000 if fees rise by 5 per cent each year.
- When
- The projections extend to the end of the next decade; a child starting kindergarten in 2027 would finish in 2039.
- Where
- Sydney, including The King’s School in North Parramatta.
- Why
- Schools cite rising teacher wages and, in some cases, cybersecurity and campus upgrades as drivers of costs.
This story does not have two clearly opposing sides.
The demand for high-quality school education is going to be stronger rather than weaker
A straight-line projection of 5 per cent fee increases through to 2039 is arithmetic, not a forecast.
When you consider ancillary fees and other items, 8 per cent actually ensures they are best placed to achieve their goals
Schools have the costs of teachers, which are a really big part of it; private schools also have demands for high-quality facilities, as well as energy costs.
The King’s School’s fees increased by 6.2 per cent.
The King’s School released its 2027 fees, including a 4.8 per cent increase in Year 12 tuition.
A child starting kindergarten at The King’s School would begin the projected 13-year schooling period.
The child would finish school, with projected Year 12 tuition of $94,066 under the article’s assumptions.
- Projected 13-year cost
- Up to $800,000 if fees rise by 5 per cent annually
- The King’s School kindergarten start
- 2027
- The King’s School projected total
- $790,000 through 2039
- The King’s School Year 12 tuition increase
- 4.8 per cent for 2027
- Projected Year 12 tuition in 2039
- $94,066
Sources
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