Jonathan Cattana on:

THE PRIVATE SCHOOL FEE SURGE

HOW TO AFFORD IT - AND STILL HAVE MONEY IN THE BANK


Australian parents are increasingly looking to put their kids through private schools, but a child born today will cost a staggering $445,000 in basic tuition fees by the time they get through Year 12.

A new book - 'How to Pay For Private School Fees, And Still Have Money In The Bank' - explains how parents can provide the type of advantages they believe private schools deliver to their children.

"In 2007, the private school fees for Year 12 will be more than $20,000 and they will continue to grow - taking an ever increasing chunk of our earnings. Even Kindy can cost $13,500 per annum," notes financial strategist and author, Jonathan Cattana.

"But there are things you can do to, not only put your children through private school, but to also fund their university studies and still have money left over. You don't even need to be rich to start with."

DOING YOUR HOMEWORK AND GETTING RESULTS

" Currently, 67% of Aussie students go to a government school. However, there has been a significant trend towards non-government, or private, schools.

" Parents want to give their children the best chance in life and many have lost faith in the public system. During the past ten-years, the number of students enrolled in independent schools increased by 46%.

" In 1955 it cost 129 Pounds to put your child through Year 12, which represented 14% of the average adult wage. In 2005 the cost was $18,000 which represented 33% of the average adult full time wage. On current projections, the 2020 cost will be $53,500 and a whopping 61% of the likely parental paypacket.

" The book - 'How to Pay For Private School Fees, And Still Have Money In The Bank' - examines the various reasons why people want to give their child a private education, and how to achieve it.

" Leading financial strategist, Jonathan Cattana, not only explains how to save, but the investment strategies you should be employing to completely underwrite your child's education. There are a range of options to consider, and the book delivers plain English advice on the best strategies to suit your needs.

" The book details specific ways to beat the crippling cost of a good education and, in the process, develop positive habits for a lifetime: "It's something that extends beyond school fees, and can establish sound wealth creation for all members of the family," notes Cattana.

The book is released on Monday December 18, giving people time to start planning for the school year ahead.

" To arrange an interview, contact the author Jonathan Cattana on (02) 8230 3846 or (mob) 0419 201 700

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