We've been inundated': European private schools report surge in interest from wealthy British parents
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We've been inundated': European private schools report surge in interest from wealthy British parents
"The British market has always been our biggest competitor, he said. We've got a very competitive price compared with UK schools. We sort of had it before this happened, but now even more on average we are about 15,000 less than a UK boarding school and our students get their own rooms. There is a market and it is getting bigger by the month."
"The school, which is a nonprofit, charges fees ranging from 12,500 a year for early learning to secondary school fees of up to 18,700 a year. This academic year, British parents are even more interested, Perfect added. Traditional boarding school fairs are now looking to invite more European schools because they have been asked: are there alternatives?' These are fairs that would normally be completely British."
"Many private schools initially cut fees slightly to shield parents from the immediate rise, but on average they have risen by 22.6% compared with last year, according to analysis by the Independent Schools Council (ISC). The average fee per term for a UK day school stood at 7,382 in January, the ISC found, compared with 6,021 last year, meaning about 22,100 for a year's fees."
The Labour government imposed a 20% VAT on private education from January, with part of the revenue earmarked to recruit an additional 6,500 state-school teachers. Legal challenges to the VAT were overruled by the high court this summer. Many private schools initially cut fees slightly but average fees rose by 22.6% year-on-year, with the average UK day-school term fee at £7,382 (about £22,100 annually). Wealthy British parents are increasingly querying continental European boarding schools, with German and Swiss institutions reporting rising interest. The International School of Bremen charges €12,500–€18,700 annually and advertises averages about £15,000 cheaper than UK boarding schools.
Read at www.theguardian.com
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