Our two children have been accepted at two independent senior schools and our options are as follows:
Option 1 - Continue to live in our current home and send our children to the local independent, which features towards the latter end of the top 275 independent schools nationally. The performance at A levels is obviously better than our local state schools, but hardly any pupils go on to Oxbridge. (Not that we are aiming for Oxbridge, but I am just trying to give an idea of it's performance). This option will allow us to live comfortably financially as we have substantial savings.
Option 2 - Roughly an hours drive away is a school which year on year features in the top 20 independent schools nationally with the highest performance in the region, and I believe around 15% go on to Oxbridge. To live in this area, house prices are triple the cost of our current home. Due to our savings we can afford this, but we would be left with very little savings and have to live a significantly less comfortable life.
The areas in between where we currently live and the top 20 school are not areas where we want to live. If our children were to catch the train from where we live to the top 20 school it would be over 1 hour and a half each way and we do not want them to have to endure that journey.
So I ask is it better to have the financial security and have our children go to the local independent and I assume not perform as well. Or to move home and not have the financial security, but have our children attend the top 20 school In the hopes they will perform significantly better?