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Independent schools have a much greater diversity of fees than often portrayed

The end of the January school holidays is a time when many financial institutions launch glossy marketing promotions to encourage parents to save for their children’s future schooling by using education focused savings products.

The Independent Schools Council of Australia (ISCA) supports parents using sensible strategies to help provide for their children’s schooling, but cautions them that some of the school fee estimates quoted in the marketing material of these products are not representative of the vast majority of Independent schools.

For example, last year education contribution fund provider Australian Scholarships Group (ASG), suggested the total cost of non-government schooling (K-Yr 12) for an average family could be up to $1 million dollars.

ISCA Executive Director Colette Colman said that “while ASG admit their school fee figures ‘represent the upper ranges that parents can reasonably expect to pay,’ they neglect to show just how small a proportion of Australia’s Independent schools are actually charging the kind of fees that could contribute to those sort of cumulative costs.”

For more see ISCA’s full media release

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