[shock], how do you afford Eton's fees?!?!

[Pawslikepaddington]

I was struggling working out how one would manage £4k a term for a great public school, but £30k a year , I have been living in a cheapo fee bubble!

How does 4k a term work out to 30k a year? i make it 12k. Still a lot of money though!!

No no, normal day fees are £4k, Eton fees are nearly £10k!

I don't think there are many senior schools at £4K a term. The one we hope DC to go to is £24K a year now and DS won't be going for another 10 years What will it be then??

Per term!

The one I want dd to go to is £4,200 per term, and it is 10th in the country (not being smug, just glad we live close enough to have it as an option).

DS1's independent secondary costs around £4k per term and gets equivalent exam results to Eton - but it is a day school.

There is a big difference between dayschools and boarding. For £12k a year, you'll get a reasonable number of day schools. Boarding is much more expensive

I know as I boarded for 7 years, but how do parents manage it-I am aghast! The other boarders were not daughters of barons or anything-we were all pretty middle class-how did our parents manage?

My poor cousin went there. He still talks about how much he missed having a family home life , his parents had fees paid by my uncle's job as he was posted all over the world.

I have seem far more expensive, no wonder there are so few large families! Imagine putting through private school

Must admit I wouldn't want dd to board unless it was absolutely necessary, I hated it, but I am "softer" than dd! And my mum was totally un-maternal, so I used to come home from school and make my own tea from being 7 and mum would come in about 7pm, so it was nice to have people around and not be on my own IYSWIM.

There was a family of 6 that boarded at mine-phwoar-£180,000 per year in fees alone! Their dad was forces though so they paid the bulk.

aww Paws x

Yes but school fees have gone up massively in relation to earnings over the previous ten years.

A lot of my old school friends would like to send their children to feepaying schools but the money is not easy to find ...

I know, I was a true little sob story . Was quite nice actually-I used to watch tv and eat sweets until I felt sick! Mum was around, I wasn't neglected or anything, but she picked me up from school, dropped me at home, told me to go to the neighbour's if I needed something and went back to work until 7-no tax credits in those days .

You afford them by being wealthy... what an odd question!

My daughters are £2000 a term and it's a fantastic school. I always thought that was a lot of money. (it is to us anyway)
It must be quite cheep then in the scheem of things.

One thing to bear in mind tho is that if they board you do not have childcare or babysitting costs and so means both parents can have serious jobs. My DC want to board, but I would miss them too much....

We worked out that ds boarding school is £125 a day (mon to fri)

Thank goodness the Navy pay most of it! DD starts in Reception in September, so we will be on beans on taost until she is 8 and the Navy pay some of her fees as well!

you afford Eton by being rich. That seems to make sense.

I know a woman who pays £1200 a year on childcare so that she can work. She's a single mum and earns £2600 a year. She also has quite a big mortgage.
I don't know how she manages.

mll she probably gets tax credits to cover some or all of childcare costs, income support, council tax etc or she has capital from which to pay living expenses. People aren't always strictly honest when discussing finances. 3-4 k per term is norm for prep upwards around here.

And boarding school certainly doesn't preclude the need for child care. Unless emloyers have started to give 20 weeks holiday a year.

MLL have you missed some zeros off?

nell12 I wish you hadn't posted that. I've never worked it out before and having just done it i've gone into a state of shock at £123 per day. He'd better eat alot and use copious amounts of hot water.

Hehehe lazymum make sure he puts all his clothes in the laundry every week and goes on EVERY outing on offer