Education Costs Are Skyrocketing: What Is The Solution?

The Current Situation

The costs of education in Australia have skyrocketed as of late for primary, secondary and tertiary education, both in the private and public sectors. 

Currently, education costs are spiralling out of control, with the public education system costing $70,000 to educate a child over 13 years.

The cost increases drastically for religious schools, reaching nearly $250,000 over 13 years. 

Private schools double in cost and sit at around $500,000 for 13 years of schooling. 

The Higher Education Loan Program was created by the government and enables university and private college students to pay back their fees once they earn a certain income. 

The average HELP fee per student currently sits at $25,000. 

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There Is A Solution

What is the solution for parents struggling to pay the ever-increasing burden of school fees? 

The answer is of course generational wealth! 

Over the next 25 years, SMSFs are expected to make one of the largest transfers of intergenerational wealth. 

Transferring over $3.5 trillion to future generations. 

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Conclusion

Setting up a family trust will enable those impacted most by increasing school fees, by creating a consistent cash-flow through high yield property investments.

This solution is readily available both outside of super for current generations, and inside of super for those investing in order to create inter-generational wealth.

With Supavest, you can now invest in brand new house and land builds inside your super.

Get in touch with the team today!

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