Leicestershire’s premier independent schools and university fees planning advice service
Ensuring your children or grandchildren receive the best education requires planning – arrange your free consultation to funding options today
Every parent and grandparent wants to ensure that their children or grandchildren receive the best possible start in life. Ensuring that they get the best education requires research and planning.
SFA Independent Financial Advisers based in Leicestershire provides advice to many clients that value the standard of education offered by independent schools but require bespoke solutions to pay for that privilege.
No one-size-fits-all approach to planning for independent school and university fees funding
Even if your children or grandchildren do not attend an independent school, they may go on to university. In this case, they are likely to end up with a significant outstanding student loan which may end up being a burden to them for many years.
The cost of sending children to an independent school has been increasing far more quickly than wages and inflation in recent years. You may be considering paying school fees from your income, but this can be an uphill struggle. Planning for these costs can help avoid that situation.
How much will funding your child’s or grandchild’s independent school fees cost?
The average fee for a boarding school is £10,317 a term (£30,951 a year), but if the child does not board and attends daily, it is £5,827 a term (£17,481 a year). For a child attending a day school, the average fee is £4,313 a term (£12,939 a year). In addition, fees have increased considerably over the years increasing by an annual average of 3.5%.
 Independent Schools Council, annual census 2016.
What are your funding options?
Without planning ahead, the cost is likely to be a significant drain on your earned income or lead to the need for borrowing. In some cases, grandparents can help out, and this can be very tax-efficient.
At SFA Independent Financial Advisers, we understand that our clients’ situations are all unique and require different bespoke solutions. Although there are some simple approaches you can take, like utilising your full Individual Savings Account (ISA) allowances (for both parents) that could have a real financial benefit over your child's time at school, equally there are also other longer-term savings products.
Arrange a free school fees and university funding consultation
The expected cost of funding your children’s or grandchildren’s education can be frightening, but with effective independent financial planning it could be mitigated. There is no one-size-fits-all approach to planning for independent school and university fees funding, which is why SFA Independent Financial Advisers provide an initial free consultation for you to discuss your requirements and consider the options available to you so you can make an informed choice.
Make your booking today
To arrange a free, no-obligation meeting telephone SFA Independent Financial Advisers on 0116 2202277 or email firstname.lastname@example.org, and one of our client services team will contact you to arrange a convenient date and time – we look forward to hearing from you.