Loans an option for school equipment
Sep 27, 2006
The average school child costs £14,000 to send to school, according to a new survey.
Figures from Norwich Union show that the total average cost of sending a child to school from the age of five to 16 has risen by £4,000 in the last four years - working out at £1,300 a year.
In total, Britain's parents will spend £129 billion in the next 11-years on getting their kids kited out for school. The most important part will be transport, with parents spending £301 a year, followed by food at £270 a year and shoes at £70.
Considering the costs, some parents may consider obtaining a competitive loan to help finance their children.
Many parents view state schools as being completely free but the costs are significant and growing, commented a representative from Norwich Union. More than £1,000 of parents' money is spent per child each year just covering the day to day costs of sending our children to school.
These amounts soon add up for families with two or more children and with increases of around £200 per child every year over the previous four years, parents should consider the increasing needs and requirements of our children.
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