thread: Saving for private education

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  1. #1
    Senior Moderator

    Nov 2004
    Chickens.
    4,989

    I'm whacking every spare cent into the mortgage and will be redrawing on the mortgage to pay for their education.

    It will be $25K in fees, plus books and uniforms etc, for EACH child. That's $50K an year I have to find for six years. And XH is unlikely to lend a hand... so it's going to be me.

    All I can do is save, save, save and hope my house has gone up in value enough to be able to withdraw $300K in five to eleven years' time.

  2. #2
    BellyBelly Life Subscriber

    Jan 2006
    11,633

    25k PER YEAR!? For real? Well, um, I guess Steiner isn't taht exxy after all
    We don't have a mortgage, but that's a good idea. Will keep it in mind if we ever buy. sorry, but willing property market to tank...

  3. #3
    2011 BellyBelly RAK Recipient.

    Feb 2010
    Cambodia
    531

    MadB - I'd love to send my son to a Steiner school, by the sounds of it I had better start saving now! I hope you don't mind me asking, how much per year is the one you are looking at?

  4. #4
    BellyBelly Life Subscriber

    Jan 2006
    11,633

    1-7 is $950/term at the moment. The STeiner high school is $1,200/term I think. I imagine it varies a fair bit though, depending on all sorts of things.

  5. #5
    2011 BellyBelly RAK Recipient.

    Feb 2010
    Cambodia
    531

    MadB & Clover - thanks for that, and wow it does vary a lot!