The cost of sending child to private school can be prohibitively expensive for many parents. Fees range from £10,000 per year at a day school to more than £32,000 per year for the more expensive boarding schools. Only one in three of parents sending children to private schools have made any prior financial plans for fee payment.

University graduates are now leaving university with student loans of as much as £54,000 built up from course fees, tuition fees and living expenses. The cost of a good education can be quite daunting.