Business · Economy · 2 days 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 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
What people are saying
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.
Sources
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