Cost of Latin crisis! Average price of a boarding school education is set to exceed half a MILLION pounds for the first time

• According to the Independent Schools Council (ISC), parents pay £37,032 a year
• There are now 544,000 pupils at ISC member schools. 70,000 are boarders
• Parents will pay an average of £505,955 if fees increase by 2 per cent each year 
• At the moment, Harrow School in London charges £46,710, a 7 per cent increase

The average cost of sending a child to boarding school looks set to top £500,000 this year for the first time. 

According to the Independent Schools Council (ISC), parents pay £37,032 a year on average for boarders.

There are now more than 544,000 pupils at ISC member schools. Nearly 70,000 are boarding pupils. 

Analysis by The Times found that parents will pay an average of £505,955 for a child who boards from the age of seven.  

The figure is based on if fees increase by 2 per cent each year. If they increased by 5 per cent a year, it will cost £654,919.

The average cost of sending a child to boarding school looks set to top £500,000 this year for the first time. At the moment, Harrow School (pictured) in London charges £46,710, a 7 per cent increase.

Even parents with six figure salaries will struggle to meet the rising cost of sending youngsters to boarding school.

At the moment, the newspaper reports, Harrow School in London charges £46,710, a 7 per cent increase.

Similarly, Winchester College has risen to £45,936 a year, having gone up by 6 per cent.

Despite parents forking out more for educating their children, British universities are instead choosing to accept wealthy foreign students.

The Sunday Times reported that record numbers have been turned away by elite universities, including Oxford and Cambridge, in favour of overseas students. 

There are now more than 544,000 pupils at ISC member schools. Nearly 70,000 are boarding pupils

It comes after a mother-of-five, who was outraged by a 7 per cent fee increase at her child’s private school, was met with little sympathy when she took to Mumsnet to vent her fury. 

The unnamed woman took to the British parenting forum to say that she doesn’t feel the ‘whole private school thing is good value’, but that you become ‘trapped’ once you send your chlid there. 

Complaining about ‘CEO-headmasters’ who declare they have ‘a vision’ for schools, she continued: ‘Is this the norm now? I realise prices are going up but shouldn’t they try and contain costs/be as lean as possible? Apparently they need to build their bursary funds and go green.’

However other users were stunned by her comments, saying it was ‘in line with inflation’, and if she wanted, she could take her child out of the school.

The mother-of-two said private school isn’t ‘good value’ and added she felt her child was ‘trapped’ – later saying she blamed the headteacher for the fee increase  

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