How to pass the fees test
Research tells us that putting your child through primary and high school can cost anywhere between $47,000 (government school in regional and remote Australia) and $420,000 (private school in a major city). It’s often regarded as the second largest financial decision you’re likely to make outside buying the family home, especially if you have multiple kids.
However, the same research also tells us cost isn’t the highest priority when people select a school. From a 2020 survey of more than 1800 members, education bond provider Futurity Investment Group says parents and carers prefer to consider a school’s performance, reputation and location over cost.
Vince Scully, financial adviser and founder at Life Sherpa, says whether a school is financially workable in the long term isn’t the
