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Secondary education

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Income for Secondary private for one

26 replies

lockdownbreakdown · 18/05/2020 18:02

Hi, We are thinking of sending our four year old to private secondary but he will go to state primary. We currently earn £67k a year which gives us a take home of £4200 a month . My husband will get a pay rise next year and hopefully a promotion before our child is secondary school age so take home will hopefully be 5k a month. We live in a cheap part of the country and our mortgage is £800 a month . This will stay the same as we will upgrade our home before he reaches 11. The school fees in our preferred school are currently £1k a month for senior which I expect will increase but not massively as they haven't historically.
We only have one child so we want to provide him with all the opportunities that we can. Is it realistic to pay fees out of income? I currently work part time but I could go full time if necessary. Thoughts?

OP posts:
Lonecatwithkitten · 18/05/2020 18:55

Budget for fees to rise 5% per year. Look at the finances of the school three small cheap schools have closed in our area in the last month as they didn't gave the financial reserves to survive these times.

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