We have all heard of fee inflation - but how bad is it? A friend's father died recently and in sorting out his affairs he found the bills for his own education in the 1970s. Being an accountant by training he stripped out the RPI inflation to work out the equivalent cost now of his education then. It was £12,000 per annum - as compared to £30,000 now. So school fees now are nearly 3x more expensive.
Sure, the labs were pretty basic then and the outdoor pool was unheated and we didn't have a choice of stir fry or salad bar. But 3x? It's a con.
