by londonmamma » Mon Feb 15, 2021 9:56 am
Our oldest child is in a private school and we could only afford it because, after months of negotiating, we managed to convince his grandparents to pay for half of the fees, explaining that we would much rather see our inheritance spend now, on his school fees, rather than in 5-10 years time when it's going to be too late for him. Luckily, they can comfortably afford it and it doesn't impact the quality of their life, just the figure they would leave us eventually. Even though we only pay half, it's still a big sum leaving our account every month and it hurts. As others have pointed out, the fees are not the end of it. I must say I'm surprised you were considering private school with a total gross income under 6 figures? It sounds impossible to me. I know several parents whose children are brilliant and got awarded academic scholarships but they were only 15-20% off the total fees. I also know that our school is using up all the bursary budget to help parents who have lost their jobs over the last year and whose children are in the last years of school - so they help them finish the school so they don't have to move elsewhere at the last moment. Finally, you have 3 children so what are your plans for the other two? Sending one child to a private school and the other two to state schools? This is a dilemma many parents struggle with and most opt not to do it if they can't offer the same opportunities to all children. There are a few threads about it on NV worth reading.
Our oldest child is in a private school and we could only afford it because, after months of negotiating, we managed to convince his grandparents to pay for half of the fees, explaining that we would much rather see our inheritance spend now, on his school fees, rather than in 5-10 years time when it's going to be too late for him. Luckily, they can comfortably afford it and it doesn't impact the quality of their life, just the figure they would leave us eventually. Even though we only pay half, it's still a big sum leaving our account every month and it hurts. As others have pointed out, the fees are not the end of it. I must say I'm surprised you were considering private school with a total gross income under 6 figures? It sounds impossible to me. I know several parents whose children are brilliant and got awarded academic scholarships but they were only 15-20% off the total fees. I also know that our school is using up all the bursary budget to help parents who have lost their jobs over the last year and whose children are in the last years of school - so they help them finish the school so they don't have to move elsewhere at the last moment. Finally, you have 3 children so what are your plans for the other two? Sending one child to a private school and the other two to state schools? This is a dilemma many parents struggle with and most opt not to do it if they can't offer the same opportunities to all children. There are a few threads about it on NV worth reading.