New research has found that private school might not be all it’s cracked up to be, as it maybe both in your child’s and bank balance’s interest if you stick to state school with extra tuition.
The Social Market Foundation (SMF) found that private education could result in a child amplify a child’s earnings by £3,600 per year when they reach adulthood. Therefore, they will receive an average of £194,000 between the age of 26 to 42.
However, private school might not be the only answer. More and more parents are turning to state schooling with a private tutor to improve their children’s academic life. In fact, nearly 1 in 4 state school pupils between 11 to 16 years old have received extra lessons outside the classroom within the last year. That’s a significant increase of 18% from 2005.
However, due to popular demand, the cost of private tutoring is on the rise, yet it is still a fraction of the amount a person would pay for private education. So, if you can’t afford private education and want to stay out of debt, or would prefer your child to grow up in a state school whilst improve their professional career, maybe you should consider private tutoring that can be taught in the comfort of your home.