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CALCULATING THE TRUE COST OF PRIVATE SCHOOL EDUCATION: BASED ON A SURVEY OF SOUTH AUSTRALIAN SCHOOL FEES

CALCULATING THE TRUE COST OF PRIVATE SCHOOL EDUCATION: BASED ON A SURVEY OF SOUTH AUSTRALIAN... The cost of a child's education should not be a mystery to consumers, yet little has been published about the true costs, and it is no simple task for parents to calculate. This paper seeks to fill a gap in the research literature that exists in relation to informing parents and educationalists alike as to the true cost of private school education. The term cost is used in the economic sense as encompassing not only the price paid for the product (school fees) but also the opportunity cost to the family in terms of what they forego in order to finance private schooling. Identifying opportunity cost is a useful means of assessing the impact of factors, other than financial, that are influential in determining whether or not private education is purchased. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Australian Journal of Social Issues Wiley

CALCULATING THE TRUE COST OF PRIVATE SCHOOL EDUCATION: BASED ON A SURVEY OF SOUTH AUSTRALIAN SCHOOL FEES

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References (1)

Publisher
Wiley
Copyright
© Australian Social Policy Association
eISSN
1839-4655
DOI
10.1002/j.1839-4655.2002.tb01131.x
Publisher site
See Article on Publisher Site

Abstract

The cost of a child's education should not be a mystery to consumers, yet little has been published about the true costs, and it is no simple task for parents to calculate. This paper seeks to fill a gap in the research literature that exists in relation to informing parents and educationalists alike as to the true cost of private school education. The term cost is used in the economic sense as encompassing not only the price paid for the product (school fees) but also the opportunity cost to the family in terms of what they forego in order to finance private schooling. Identifying opportunity cost is a useful means of assessing the impact of factors, other than financial, that are influential in determining whether or not private education is purchased.

Journal

Australian Journal of Social IssuesWiley

Published: Nov 1, 2002

Keywords: ; ; ; ; ;

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