Education is said to be one of the best and the most important things parents can provide their children with. However, while most parents dream of sending their kids to the best school possible, it seems that this dream has become increasingly more difficult to achieve these days.
According to report, families with two children in Australia could be paying more than $1 million to send their kids in Sydney’s private schools. With Sydney being tagged as the most expensive city in Australia for education, parents will have to shell out a total of $541,275 to put a child born this year through an independent school.
Data collected by the Australian Scholarships Group (ASG) revealed that the average cost of a Catholic systemic education in Sydney is at $234,887, which is above the national average of $228,120. And while sending children to public schools is known to be cheaper, Sydney’s public school system can still put a dent on family’s budget. Sydney is also known for being the most expensive Australian city for public education. Parents need to spend $71,406 per child to send them to a public school. The national average for the cost of public education in metropolitan areas is at $64,416 per child.
It isn’t really surprising why Sydney is the most expensive city for public and private education. According to ASG’s report, New South Wales is one of the most expensive states to privately educate children. Sending a child to a NSW private school costs an average of $343,385, which is only second to Victoria’s $344,355. As for the cost of public education in NSW, it is said to be the highest in the country at $52,421.
ASG chief executive John Velegrinis said one of the reasons why education is getting quite costly these days is because high school students and primary age children now need their own laptop or tablet at school. There are also other matters to consider like the cost of uniforms, transport, books, and excursions.
He encouraged parents to start planning their children’s education well in advance, regardless of whether they want to send their kids to a public or a private school. “Education is one of life’s major investments—in some instances, it is an even bigger investment than the family home. By putting a little bit away parents are more likely to achieve the goals they have for their children,” he said.