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Disposable income of private schools revealed


Posted by SchoolDays Newshound on 05/03/2013. Disposable income of private schools revealedTags: Secondary School News

An additional revenue boost of 81 million euros is enjoyed by fee-paying schools in Ireland compared to schools of a similar size in the free education scheme.

This is according to a new report from the Department of Education, which showed the country's 55 private schools enjoy an extra 1.5 million euros a year to be used for numerous reasons, including staff recruitment and extra-curricular activities.

It was shown that one large private school generates 4.7 million euros a year extra to spend, while a smaller private school comes away with 112,000 euros.

According to the findings, discretionary income of around 2.2 million euros is generated by nine fee-paying schools that charge pupils more than 6,000 euros a year.

It was demonstrated that more than one-quarter of the 55 schools make use of an additional 2 million euros every 12 months, while around two-thirds enjoy more than 1 million euros.

Written by Donal WalshADNFCR-2163-ID-801550954-ADNFCR


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