Cost of Private Education

July 17th, 2017

Parents in the UK who pay for private education for a child at primary, secondary and tertiary levels spend on average 128,600, says the Financial Times, citing research by HSBC. That is ten times the average cost of state-funded education and is second only to average spending in Hong Kong out of the 15 countries in which it conducted its research.

A quarter of parents wish they had saved more, but only Chinese parents seem to be good at planning ahead, with most parents still paying the bulk of costs out of current income.