Research indicates that nearly half of independent school parents are concerned about their ability to manage school fees due to rising VAT and cost-of-living pressures. Parents report spending a substantial portion of their household income on school fees, leading many to seek assistance from schools or family. Among respondents, a notable amount have delayed retirement and modified lifestyle choices, such as cutting back on holidays, to afford these expenses. Lending for school fees has increased, reflecting higher demand for financial support.
Nearly half (44%) of independent school parents predict that paying fees will become tougher next year due to VAT increases and ongoing cost of living pressures.
Over one in five (21%) parents rely on relatives for funding, with 76% of those turning to their own parents for support in covering school fees.
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