A boarding school education now costs more than half a million pounds.
The Times revealed last year that annual fees at the most expensive and best known schools would reach £40,000 for the first time.
Now analysis by the Good Schools Guide shows that educating a child who starts boarding aged seven in 2018 could cost £500,000 in fees by the time they reach 18. This figure does not include extras such as uniforms, sports kits, school trips and music lessons.
The guide says that boarding school fees have risen by 4 per cent a year on average for the past five years. “Despite the increase in the cost being much higher than the rate of inflation, many within the industry expect fees to rise at a similar level in the years to come,” it says. “Boarding schools in London and the home counties tend to be more expensive but it is possible to experience a boarding school education for less.” Read more.