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I should also chime in and say that even for people living in London and sending their children to private schools these estimates are very high. I was luck eno

I should also chime in and say that even for people living in London and sending their children to private schools these estimates are very high. I was luck enough to go to Eton and honestly, for most parents it was a question of affording the fees by: a) not spending that kind of money on other activities; b) lifelong saving; c) selling substantial assets (like second houses etc...); and d) inherited wealth and/or generous grandparents. It was fairly uncommon for student's fees to be paid out of parents' salaries. I would guess (very anecdotal!) that £500k is well above the median annual salary for those parents. Also - apparently this person hires babysitters for >350 nights a year .... o.0

pjc50 11y ago
Is that double-counting babysitting and sending the kids to boarding school? It's certainly a tradition of the English aristocracy to spend as little time with your children as possible.
- hugofirth 11y ago
  Haha - I hadn't even considered this. So yeah - the cost of childcare is largely not going to overlap with the cost of private education (where that private education includes accomodation of course).
keithpeter 11y ago
Scholarships still in evidence at all?
- hugofirth 11y ago
  Absolutely! For a start 17 students each year are fully funded. Then there are 25 additional fully funded scholariship students are taken on at the beginning of the penultimate year (called 6th form year in the UK). Added to these are are lots of partial scholarships available, though the ways in which these are funded and obtained are a little more roundabout. The Music department in particular often gave prospective students scholarships of up to 90% of fee totals.
  - keithpeter 11y ago
    Good to hear that. Helps to keep the charitable status I suppose.
ownagefool 11y ago
You can't really base what's happening today on what your parents have done. The property boom would have given people your parents age easy access to large sums of capital which would allow them to afford the likes eton. Of course, once people realise if they can't see the property, then it's not really worth that much, this problem will go away.

pjc50 11y ago

Is that double-counting babysitting and sending the kids to boarding school? It's certainly a tradition of the English aristocracy to spend as little time with your children as possible.

hugofirth 11y ago
Haha - I hadn't even considered this. So yeah - the cost of childcare is largely not going to overlap with the cost of private education (where that private education includes accomodation of course).

keithpeter 11y ago

Scholarships still in evidence at all?

hugofirth 11y ago
Absolutely! For a start 17 students each year are fully funded. Then there are 25 additional fully funded scholariship students are taken on at the beginning of the penultimate year (called 6th form year in the UK). Added to these are are lots of partial scholarships available, though the ways in which these are funded and obtained are a little more roundabout. The Music department in particular often gave prospective students scholarships of up to 90% of fee totals.
- keithpeter 11y ago
  Good to hear that. Helps to keep the charitable status I suppose.

ownagefool 11y ago

You can't really base what's happening today on what your parents have done. The property boom would have given people your parents age easy access to large sums of capital which would allow them to afford the likes eton. Of course, once people realise if they can't see the property, then it's not really worth that much, this problem will go away.