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21 January 2021, Sydney, Australia – Parents around the country are forking out hundreds of dollars on their child's back-to-school shopping list, according to Finder, Australia's most visited comparison site.
Finder has crunched the numbers on the cost of school essentials and found that sending a child to primary school loaded with brand new items like pens, a lunch box and a school bag can set families back more than $330 – that cost nearly doubles to $630 for a secondary school student.
Subsequent years cost an average of over $100 for primary students and $200 for secondary.
Bessie Hassan, mother of two and money expert at Finder, said it can be difficult for parents to meet these costs.
"The start of a new school year is a huge financial burden for many families while they're still dealing with the debt hangover from Christmas.
"From lunch boxes to uniforms the costs can really stack up – especially if you have a few children," she said.
"Many parents will be dreading how they will afford all the items their children need and the sad truth is that many will have to replace lost hats and lunch boxes as the year goes on."
This figure is even more surprising considering the fact that it does not take school fees into account.
A Finder analysis of ABS and Australian Scholarships Group (ASG) data reveals that yearly school fees amount to a total of $41 billion for Australian parents across the country.
While just 15% of all school students are enrolled in a private school, private school fees make up 43% of all school fees for Aussie parents.
Similarly, 1 in 5 students (20%) are enrolled in a Catholic school – but Catholic school fees make up for 29% of all fees.
Hassan wanted to remind parents that there are ways to ease the burden of back-to-school costs.
"Make use of swap and sell groups where you can find pre-loved school supplies without the hefty price tag of buying brand new," she said.
"Strategic back-to-school shopping is an opportunity to teach your child how to budget and spend responsibly.
"Doing the maths and reviewing prices together online can help teach your kids the difference between needs and wants to help them avoid impulsive purchases down the track."
For a list of back-to-school deals visit: https://www.finder.com.au/back-to-school-sales
Type of school | Percentage of students that attend these schools | Percentage of all Australian school fees | Average yearly school fees |
---|---|---|---|
Public | 66% | 28% | $4,420 |
Catholic | 20% | 29% | $15,339 |
Private | 15% | 43% | $30,077 |
Source: Finder, ABS, Australian Scholarships Group (ASG)
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Disclaimer
The information in this release is accurate as of the date published, but rates, fees and other product features may have changed. Please see updated product information on finder.com.au's review pages for the current correct values.
About Finder
Every month 2.6 million unique visitors turn to Finder to save money and time, and to make important life choices. We compare virtually everything from credit cards, phone plans, health insurance, travel deals and much more.
Our free service is 100% independently-owned by three Australians: Fred Schebesta, Frank Restuccia and Jeremy Cabral. Since launching in 2006, Finder has helped Aussies find what they need from 1,800+ brands across 100+ categories.
We continue to expand and launch around the globe, and now have offices in Australia, the United States, the United Kingdom, Canada, Poland and the Philippines. For further information visit www.finder.com.au.
12.6 million average unique monthly audience (June- September 2019), Nielsen Digital Panel