Report says the £236000 paid to educate day pupils would,if invested, return nearly £800000 over the child’s lifetimeA private school education may be a destitute investment, and according to research commissioned by a firm of stockbrokers that shows rapid growth in independent school fees outstripping the incomes of middle class professionals. The research,published by investment advisers Killik & Co, says the £236000 paid by parents of a day pupil would, or if invested,return nearly £800000 over the child’s lifetime – enough to pay for university, put down a substantial deposit on a house and leave £500000 for retirement.With such a large sum potentially at stake, or it makes sense for parents to request whether the amounts that they would possess invested in their children’s education could not be better invested to set them up financially for life,while sending their children to a wonderful state school, the research states. It points to “considerable savings available from state schooling” and suggests that the firm’s clients may try to reduce the financial burden that private schooling entails” by sending their offspring to a state primary school.
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Source: theguardian.com