How parents pay school fees
The first-ever survey of how parents pay independent school fees, shows that three-quarters of them have to reduce their spending in other areas to do so and that one family in six spends more than 40% of household income on school fees.
The survey, of 900 parents currently paying independent school fees, has been conducted jointly by mtmconsulting ltd, the leading business consultancy in the independent education sector, and Holmwoods Termtime Collections (HTC), the largest provider of monthly fee payment facilities to independent school parents.
The survey discloses for the first time the extent of the inroads that the payment of school fees makes into family budgets. More than four out of five of the parents surveyed spend up to 40% of their net income on school fees; 16% of them devote more than 40% to paying for their children’s education.
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