Revealed: The true cost of sending your child through the Irish education system
Report finds parents are underestimating the annual cost of sending their children to school
The cost of sending one child through the Irish education system has risen to €45,000, according to a new report.
The report found that parents are underestimating the annual cost of sending their children to school.
Furthermore, the overall cost also risen in recent years.
According to the Zurich’s Cost of Education in Ireland 2017 study, it costs €766 a year to keep a child in primary school.
This includes budgeting €165 for after-school activities, €110 for lunches and €87 for trips.
The average cost of school clothing for a child is €65, while shoes could cost €59.
They report that it costs €6,128 for a full stay in primary school for each child.
Costs only increase when it comes to secondary school and the report finds that parents are cutting back on holidays, summer camps and clothing to cover these expenses.
This adds up to €1,629 for a year in secondary school and the report places a €7,734 price-tag on the lifetime cost of sending a child to their Leaving Cert.
The average cost of grinds (€310) is one cost that is added to the list. The cost of books, reported to be €200, is more than twice the cost of books in primary school.
Depending on where a student will live for their college years, the cost can change dramatically.
The report found that 60pc of third level students are living at home to help bring down the cost of college.
It places annual college spends between €4,340 and €8,206 – or a four year spend of between €17,360 and €32,824.
The report recommends parents start saving as early as possible to help cover these rising costs.
Here’s the breakdown of expenditure for an average year in primary school for one student:
Clothing - €65
Voluntary Contribution - €52
Shoes - €59
School supplies - €43
Transport - €55
After school activities - €165
Trips - €87
Parents association - €50
Lunches - €110
Here’s the breakdown of expenditure for an average year in secondary school for one student:
Clothing - €125
Voluntary contribution - €131
Shoes - €98
Grinds - €310
School supplies - €76
Transport - €115
Trips - €201
After school activities - €136
Parents association - €54
Lunches - €183
Books - €200
Zurich lists the following as the potential cost for a college education:
Fees - €2,066
Financial assistance - €2,016
Rented accommodation - €3,866
Student accommodation - €2,628
Transport from home - €258