Home | Spread the Cost

There are a number of schemes available that are designed to help parents in this situation with payment of school fees. The purpose of these plans is to improve cash flow and hence make school fees more affordable.

In essence, this involves spreading an element of the school fees over a longer period of time. For example, a parent may be able to afford comfortably 70% of the school fees from income; however the additional amount may prove to be a strain on finances. In this instance, it may be possible to take out an equity draw-down plan to spread the school fees for the balance of 30% over say a 10, 15 or 20 year period.

Features of this plan include:

	Flexible drawdown facility
	Dedicated school fees bank account
	Loan facility either secured against property or unsecured
	Tax efficient offsetting facility to take advantage of personal and parents savings
	Capital repayments spread over an affordable period
	Your home may be re-possessed if you do not keep up repayments on your mortgage