Private school fees set for biggest rise in five years after Treasury’s ruling on teacher pensions

According to The Telegraph, private school fees are to see the biggest price hike in five years after the Treasury’s ruling on teacher pensions, the Independent School Council has said.  

Last year fees were raised by an average of 3.7 per cent, making it the highest year-on-year rise since 2014.

Barnaby Lenon, chair of the ISC and a former headmaster of Harrow School, said that schools are “battling” to hold their costs down but the changes to the pension scheme are “out of our control”.

The Department for Education (DfE) has announced that employer’s contribution for teachers’ pensions will rise from 16.48 per cent of their salaries to 23.6 per cent,  following a valuation of public service pension schemes by the Treasury. 

The DfE is providing £940 million worth of funding to state schools to help them meet the extra costs for the first year of the scheme, but private schools are expected to foot the bill themselves.  

The average fees for independent boarding schools is now £34,695 a year, up from £33,684 last year while day schools charge an average of £14,289, up from £13,854 in 2017. 

Lord Ralph Lucas, editor in chief of the Good Schools Guide, said that the private school sector is “misjudging the situation completely”.  

Mr Lenon said it is “complete nonsense” to claim that middle class families are being priced out of private schools.  “The fees are a stretch, of course, for some and they are impossibly high for some,” he said.

Read more Private school fees set for biggest rise in five years after Treasury’s ruling on teacher pensions

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