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Parents facing back to school costs of €1,400 for secondary school students

Almost 80% of parents are finding 'back to school' costs a financial burden, according to a new ...
Stephen McNeice
Stephen McNeice

08.51 16 Jul 2019


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Parents facing back to school...

Parents facing back to school costs of €1,400 for secondary school students

Stephen McNeice
Stephen McNeice

08.51 16 Jul 2019


Share this article


Almost 80% of parents are finding 'back to school' costs a financial burden, according to a new survey.

The Irish League of Credit Unions (ILCU) asked 882 parents about the costs.

78% said it was a financial burden - an increase of 11% compared to 2018.

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According to the survey, parents getting children ready for secondary school are spending almost €1,400 per child - up €20 on last year's figure.

In contrast, costs have reduced at primary school level with parents now spending €949 per child (down €50).

Meanwhile, the survey shows that the numbers in debt over back to school costs 'remains steady' at 36%.

However, there has been a reduction in the average debt from €405 to €357.

The ILCU's Paul Bailey explained that people use several methods to try to meet their children's needs.

He said: "[Some] people will budget - they'll save in preparation for back to school, and they'll put a bit away each month over the year.

"Some people are using their credit card, some people are using credit unions."

He added: "Others are turning to moneylenders - we've seen a slight reduction since last year of those surveyed.

"We've also seen a reduction in people using credit cards to cover those back to school expenses."

The survey also shows that 54% of parents said they were feeling pressure to buy branded goods.

Elsewhere, 74% of respondents said schools are not doing enough to keep costs down.

Main image: File photo. Picture by: Niall Carson/PA Wire/PA Images

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