Whatever your reasons for considering private education for your child, the high cost remains the consistent factor.
The cost can be crippling, so it is important to look at school fees schemes or other types of saving.
There is a wide selection of financial products and tools that could help with school and university fees:
- You could calculate how much money you will be spending, then you simply need to invest sufficient funds to provide the required sums.
- If you can afford to save in advance, then you can probably afford to pay on a year by year basis.
- You could save what you can and meet the shortfall from ordinary income
- The final option is to cover the money needed by raising a mortgage (or extending the present one).