What household income for two children at private school nowadays, roughly?

(143 Posts)
KingfishersCatchFire Sat 08-Mar-14 18:22:35

Apologies as I am sure this has been done many times before, but I can't find a recent thread on it.

If you have two children at a good private school and are able to afford this comfortably without additional help from grandparents or work, would you mind telling me what is your annual household income? DH and I will be considering our options at some point, but I realise I am not sure how much most families in this situation actually earn. When I was at school the available scholarships were much higher and the fees much lower than they seem to be now.

TheBeautifulVisit Tue 11-Mar-14 14:02:38

Focus - your post makes no sense. Do you mean you pay your school fees out of income? grin

Burmahere Tue 11-Mar-14 15:02:02

I thought that too The BeautifulVisit bit confusing! Focus appears to be vehemently agreeing with you grin!!

Focusingkingqueen Tue 11-Mar-14 15:20:38

Yes sorry. We pay out of income. I meant everyone I know pays out of income I am not aware of anyone paying out of capital. It might help if I read what I write before posting.

TheBeautifulVisit Tue 11-Mar-14 16:04:14

Burmahere grin

Beingfrank Tue 11-Mar-14 16:26:44

But focus, how would you know? I haven't had this conversation with anyone in real life! We pay partly from income and top up from capital but I wouldn't imagine anyone knows that.

School fees planning as "sold" by IFAs - that is all targeted at building up capital over a number of years to pay the fees when the time comes, as far as I know. In that sense I imagine paying out of capital is pretty common for people without city type incomes to rely on?

ChocolateWombat Tue 11-Mar-14 16:56:39

I think in many independent schools there are certainly those who make huge sacrifices for their children to attend. The big name schools often have good bursaries, but people often have to pay something and that is often a stretch. The idea that everyone is rolling in it and paying purely from capital, is rather a narrow view I think, even for the most expensive schools.

Soveryupset Tue 11-Mar-14 17:11:40

I would agree that people will have a mix of financial arrangements and they will be very unlikely to disclose them in real life!

Burmahere Tue 11-Mar-14 17:37:39

I have absolutely no idea how any of my friends pay for their children to go to the private school where my three are. It would be the most unlikely conversation I would have thought to be honest? No-one knows how mine are paid for either and not likely to. I mean I wouldn't even disclose it on an anonymous forum so highly unlikely to discuss it in RL!

SheherazadeSchadenfreude Tue 11-Mar-14 22:15:30

DD1 has been offered a trip to the US to visit Ivy League colleges - a snip at £3000. That would be a no, I think.

innercity Wed 12-Mar-14 23:46:28

This thread is quite anguish-inducing. I am foreign and find London state schools - or have found DS's primary - not living up to the proud name of the 'school'. I had to teach him myself as there was and still isn't any consistency, systematicity, and actual much - mmmm - teaching.

And though I am on a Professor's salary, it is tiny on the scale of finances discussed on this thread. So I was thinking of trying him for private secondaries, in the hope that it is good somewhere at least. At least somewhere there must be actual teaching going on. I thought I could live tightly. But hey, if it's about being surrounded by ppl with capital (haven't met such ones in the academic world) - what hope do I have left? Are there schools that are more modest? Where city workers wouldn't send their kids? South London rather than North? Croydon? Does it make sense to look for the school to which only those people who live poorly send their kids? Could anyone recommend a boy's school like this? I am free to move anywhere smile

Burmahere Thu 13-Mar-14 09:29:05

I would live up North if you could live anywhere then innercity not in London. Schools and houses far far more expensive.

My DC's school is probably a fraction of the price of some of the SE schools.

Burmahere Thu 13-Mar-14 09:29:45

Sorry schools and housing far more expensive in London than the North!

Cretaceous Thu 13-Mar-14 09:44:04

innercity - don't let this thread put you off! If I were you, I'd start a new thread asking for suggestions for suitable schools. (Burmahere is right about living out of the London catchment, where prices are crazy.)

Also, don't write off all state schools, despite your awful primary experiences. There is a huge range. Sadly, some are dire, but there are some excellent ones, although these are often difficult to get into.

Pukkapik Thu 13-Mar-14 09:58:38

Inner city..I am sorry to hear your introduction to education in this country is not favourable.
But there are excellent schools and teachers to be found, state and private, and if you go private, some schools are cheaper than others, even in London. Also, some do bursaries and/or scholarships/sibling discount etc
Christs Hospital in Horsham particularly is known for the help given with fees. There are threads about this school already. I don't know it myself, but worth investigating. You mention Croydon. There are three private schools I can think of off the top of my head there - Trinity, Whitgift and Royal Russell, and I have heard that Trinity (boys school, with girls in VI form) has subsidised places.
My advice would be to have a look around. If you choose to go private in the end, rest assured there will be plenty of others in the same financial boat. There are lots of threads about this on mumsnet!
Good luck.

innercity Thu 13-Mar-14 09:59:16

I meant North of London - my work is North of London and I know that it is cheaper the further out you go, but I can't really go. Anywhere around London. Yes, I heard there must be nice primaries (and secondaries) but I don't have a trained eye - as a foreigner I just buy what they say! I really liked the primary DS is in when I visited and only really undersood it when he spent a few years in it...

innercity Thu 13-Mar-14 10:02:02

Thank you for kind words.

LauraBridges Thu 13-Mar-14 10:17:02

South London - Dulwich college (about £16k a year)?

As for how people pay like someone said above just about everyone I have ever known in over 25 years as a fee paying private school parent pays out of their earned income. I have heard some have grandparents paying but do not know anyone who is lucky enough to have that or who has saved up capital sums to pay. It just comes off your earned income.

Cretaceous Thu 13-Mar-14 12:47:07

If you are north of London, is it anywhere near Watford or Potters Bar? There's Watford grammar school, for which you need to pass the 11+. Dame Alice Owen in Potters Bar has some places based on an 11+ exam, some on music, and others on distance. Other people may know more good state schools. It depends what part of North London you are, I guess.

I know someone whose mother is paying for one of her grandchildren. But she can only afford to pay for one of the children, so the others go to a state school. Also, other people move out of London to a bigger house for less money, and use some of the capital from the sale.

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