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Sending a child back to school costs over €1,000

Almost a third (31%) of parents find themselves in debt covering back to school costs.

WHILE SCHOOL CHILDREN have just gone on their holidays, the cost of going back to school is already weighing on some parents’ minds.

A new survey from the Irish League of Credit Unions has found that the average cost of sending a child back to school is over €1,185.

The survey says that many parents of school going children are already looking ahead to the back to school shopping season and the challenges it brings for family finances.

Almost a third (31%) of parents find themselves in debt covering back to school costs, borrowing an average of €357.

79% of parents say they are expected to make a ‘voluntary’ contribution to school averaging €118 per child, up from €112 in 2015.

37% of parents feel under pressure to buy branded school supplies, down from 42% in 2015, pressure more evident in secondary school parents.

In terms of what is spent, parents will shell out on average:

  • Extracurricular activities: €185
  • Uniforms: €183
  • Books: €146
  • Lunches: €145
  • After school care: €123
  • Fees/contribution: €113
  • School trips: €115
  • Transport: €101
  • Gym gear: €74

81% of parents of school going children (primary and secondary) feel that the costs of sending their kids back to school is a significant financial burden.

14% of those parents in debt have turned to a moneylender to cover back to school costs. A further 9% of all parents would consider turning to a moneylender to cover the costs of back to school in 2016.

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