ASG’s Planning for Education Index envisages sharp rise in education costs

24 June 2015

With rising education costs and proposed government changes to education funding, many young families are finding it difficult to find new ways to save for their children’s future. This at a time when education costs rise at double the rate of inflation.

Currently it costs on average $200,000 figure is for parents sending their children to private school. However, the parents of babies born this year can expect to pay as much as $542,000 for a private school education for one child, according to the latest Australian Scholarships Group’s (ASG) Planning for Education Index of the expectations of nearly 100,000 families.

ASG chief executive John Velegrinis says government discussions on changing the funding model for the nation’s universities is another reason to start an education savings or investment plan.