Fears rising school prices will force parents to pull children out of private education | Personal Finance | Finance [Video]

More than one in five high net worth parents say they will have to pull their children out of private education as a result of rising school fees, new research has found.

Just over one in five (21 percent) parents will have to remove their child from private school and one in four (25 percent) will have to take on additional borrowing to be able to afford rising school fees, according to data from the Saltus Wealth Index Report.

The report surveyed 2,000 people with investable assets of more than £250,000.

It found that of the respondents with children either already at private school or due to start, more than seven in ten (71 percent) say that rising school fees will impact their choices around private school education for their children in the future.

Almost one in ten (nine percent) parents surveyed say they may have to move house in order to keep their child …