Geelong Grammar charges students almost $85,000 a year

Students at an elite school will pay as much as a deposit to continue their education, and parents are expected to shell out nearly $85,000 for tuition.

Geelong Grammar will charge year 9 boarding schools a massive fee of $84,240 from 2024, following an 8 per cent increase in the annual payment.

The school in Corio, southwest of Melbourne, will charge students in years 10 to 12 $49,720 for their tuition fees. Students in Years 7 and 8 will be charged $41,060.

Geelong Grammar is the most expensive school in the state and had King Charles among its students for two terms in 1966.

Geelong Grammar is the most expensive school in the state and had King Charles among its students for two terms in 1966.

Year 9 boarders live at the school’s Timbertop campus, approximately 240 km northwest of Melbourne.

The latest price hike comes after the school increased tuition for grade 12 students by 5.4 percent in 2023.

The school sent a letter to students explaining that the costs took into account teacher salaries and other “fixed costs”, The herald sun reported.

“Staff salaries account for more than 64 percent of the school’s overall costs, while student services and utilities account for 16 percent,” the letter states.

The school said it did not increase tuition during the pandemic, but has now changed its enrollment structure.

“A modest increase of two percent in 2022 and an increase of six percent in 2023, which, over this period, has kept tuition fee increases below the non-government school average and below the index consumer prices,” the letter states.

“The fee increases for 2024 represent a reset of our fee schedule. »

Daily Mail Australia has contacted Geelong Grammar for comment.

The school received $10 million in aid during the pandemic, thanks to the Job Keeper payment.

The fee has been maintained throughout 2021 at $41,792.

Geelong Grammar is not the only school in Victoria to hit parents hard for their children’s tuition fees.

Latest tuition increases were blamed on teacher salaries and other ‘fixed costs’, according to a letter sent by the school to parents

Geelong Grammar is Victoria’s most expensive school and has received $10 million in support during the pandemic, thanks to the Job Keeper payment.

Mount Scopus Memorial College, a Jewish school in Burwood, increased tuition fees this year to $40,860 for year 12 students, an increase of $1,900 on the fees charged in 2022.

It comes after the Victorian Government announced non-government schools would be hit with a payroll tax if they earned more than $15,000 in tuition fees per student.

The tax will come into effect in July 2024.