#478 The $600k Cost of Private Schooling

Nov 26, 2025

Explore the staggering $600,000 cost of private schooling and its impact on your finances. Delve into the soaring inflation of private school fees and how it can stall saving and investing. Learn the crucial long-term effects of choosing private education versus investing elsewhere. Discover clever funding strategies like investment bonds and tax structures to ease the financial strain. Finally, consider alternative paths like tutors or property investments that could benefit your children’s future.

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INSIGHT

True Cost Of Private Schooling

Sending two kids to private school in Australia costs about $600,000 over 12 years according to Futurity.
Ben Nash warns top schools and extra activities can push that much higher and increase lifetime opportunity costs.

INSIGHT

Opportunity Cost Is The Bigger Hit

The real cost includes opportunity cost from not investing that money into assets.
Ben Nash estimates $2–3 million impact on net worth over 20 years if you forgo investing to pay fees.

ADVICE

Model School Fees Against Your Financial Plan

Run numbers early and compare schooling costs against investment goals like paying the mortgage or building a portfolio.
Consider cheaper private options or partial private schooling to avoid sabotaging retirement plans.

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In this episode of the Mo Money podcast, we talk about the $600,000 cost of private schooling and how you can tackle this in a way that doesn't completely sabotage your financial future. So, we get into a bit of context around what's going on in the private school fees market in Australia, the private school fee inflation, which seems to be running quite a bit hotter than standard inflation. We get into the emotional versus the financial cost, and how to really quantify what it costs you, not just in terms of the fees today, but the impact on your money over the years ahead, as well as how you can make sure that if private schooling is something that is really important to you, you can do it in us in a way that's smart and doesn't completely sabotage your financial future.

We also talk about some of the bonds and tax hacks that you can use to make funding private education a little more comfortable for you as well. This episode is perfect for anyone that's got kids and thought about private school but wants to make sure that they're making the smart choice there.

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