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Saturday, July 28, 2007

Private schools - only for the richer of us

Marx talks of how capitalism drives those professionals often vaguely called the middle class into the ranks of the proletariat so i note this story in the Herald .

Teachers, engineers, and police officers have been priced out of private education by a 40% rise in fees in just five years, according to the Bank of Scotland.
It now costs an average of £8247 every year to educate a child privately in Scotland compared with £6039 in 2002, and fees are now rising at twice the rate of inflation. Only prices for houses are growing faster. The average earner in a number of occupations, including engineers, journalists and teachers, can no longer afford private education for their offspring. average school fees were now only in the reach of 13 occupations, down from 23 in 2002.

Affordability was measured at a quarter of average earnings for the profession. So a scientist, earning an average of £37,290 a year, would have to give up an unaffordable 26% of his or her income to put one child through school for a year. But an architect, with an average income £42,224, would only be parting with a bearable 23% of their earnings.The professions that could afford fees were company directors, bank managers, accountants, production managers, IT professionals, doctors, pilots, senior police officers, lawyers, architects and customer care managers.

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