Cost of education calculator
Did you know, over the course of your child’s 13-year education, you could be spending anything from $50,000 to $460,0001 of your after-tax money? Add on another $50,0002 if you plan to support them through university.
If you chose private education, a large portion of this cost is in school fees. The cost can also vary depending on where you live – the best way to know this is to speak to the schools you are looking to enrol your child in.
The table below provides a guide on what to expect based on our cost of education calculator:
|Education System||Starting from||Up to (primary)||Up to (secondary)|
|Private school fees||$5,000||$25,000||$30,000|
Our calculator also allows you to estimate other costs, such as transport, uniforms, school excursions, sport, music and other extra-curricular activities.
1. Source: ASG survey, conducted in October 2013, received responses from 6900 of the group’s member parents. This survey data can be used as a guide only.
2. According to a Parliamentary Budget Report published in 2016, by 2026 the average annual fee for a full-time university student in a Commonwealth-supported place will be $16,836, or about $50,500 for a three-year degree. Fees for some prestigious courses at top universities will probably be much higher.