Parents Offering Houses As Guarantee on Private School Fees

Apparently a growing number of parents are resorting to using their houses as guarantee for the children’s private school fees.

According to the telegraph, the schools say that these charges are only taken out as a last resort when parents are in real difficulty. The charge means that pupils can remain at Britain’s leading schools and fees can be claimed back when the property is sold.

Most of the pupils that this applies to are already attending the school so it does not apply to new intakes. The report concludes by telling us that private school fees have doubled over the past decade.

Wow! What do you think about this?


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