Bank notes rise in loans for fees

11th August 2006 at 01:00
Growing numbers of parents are applying for bank loans to put their children through private school, according to new figures.

Household expenditure on school fees reached an estimated pound;7.9 billion last year, up from pound;6.9 billion in 20012.

Sainsbury's Bank said it had seen a 38 per cent rise in applications for loans to cover independent school fees over the past 12 months. A spokesman said he expected to see numbers grow further as fees have risen by about 50 per cent since 1999.

Families in London spend the most on education fees, with an average of Pounds 577.20 per year. Those in the East Midlands spent the least, averaging Pounds 140.40 per year.

Log-in as an existing print or digital subscriber

Forgotten your subscriber ID?


To access this content and the full TES archive, subscribe now.

View subscriber offers


Get TES online and delivered to your door – for less than the price of a coffee

Save 33% off the cover price with this great subscription offer. Every copy delivered to your door by first-class post, plus full access to TES online and the TES app for just £1.90 per week.
Subscribers also enjoy a range of fantastic offers and benefits worth over £270:

  • Discounts off TES Institute courses
  • Access over 200,000 articles in the TES online archive
  • Free Tastecard membership worth £79.99
  • Discounts with Zipcar,, Virgin Wines and other partners
Order your low-cost subscription today