Many top private schools have moderated their fee increases for 2023, one critic says there’s still an arms race to provide “ever more ridiculous amenities to students that have little or no educational benefit”.
At least nine private schools in Sydney and Melbourne will charge fees above the $40,000 mark in 2023 but for the first time in over two decades increases are below the rate of inflation.
With education costs closing in on the $50,000 mark per year, analysis reveals that the most expensive private schools, except for Kambala and The Scots College in Sydney’s eastern suburbs, have curtailed fee rises to below the current inflation of 7.3 per cent.David Cross, chief executive officer of the pro-market think tank The Blueprint Institute, said the brief pause of the smaller-than-CPI increase in fees was likely to be a short-lived phenomenon.
Kate Hill, group executive with education finance company Futurity Investment Group, said a number of factors were leading to the ongoing fee rises.
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