Over a quarter of parents in back-to-school debt - Irish Credit Union survey

By Maurice Garvey

OVER a quarter of Irish parents find themselves in debt in order to cover the costs of back to school for their children.

According to findings in the annual school-costs survey by the Irish League of Credit Unions (ILCU), the average debt that parents find themselves in to cover the costs of childrend going back to school is €397, an increase of €40 from last year.

first day at school dreamstime xl 74857273 1

Back-to-school costs continue to rise, with the overall spend on school items for primary school students at €1,123, up €174 from last year. In secondary schools parents’ average spend is €1,467, up €68 on last year.

Top expense for parents of primary school children is after-school care at an average of €200.

For second-level parents the biggest expense is books at €196.

 Voluntary contributions for primary schools have increased by 25 per cent to an average of €110 per child, with secondary school contributions remaining at an average of €140.

Daren O’Neill, CEO of Tallaght West Credit Union Limited encourages members to talk to them if they need help with their back-to-school budgets.

 “Last year Tallaght West Credit Union lent over €260,000 for educational purposes,” said Mr O’Neill.

“We know this time of year can be difficult for some , so we invite them to talk to us if they need a loan or budgeting advice.”

Results of the survey also revealed that 66 per cent of parents shop online for school supplies – citing convenience and better deals listed as the main reasons.

Covid-19-related concerns found 42 per cent of parents are worried that their children will fall behind in class as a result of home schooling in recent months.

Meanwhile, over half of parents believe there will be a mix of home schooling and classroom for the new term.

By subscribing to The Echo you are supporting your local newspaper Click Here: Echo Online.

Prev All-time high demand for storage facilities at Nesta
Next Eddie Rockets Terenure closes doors after 24 years
  • Fire in Cookstown Industrial Estate
  • Looking to #ShopLocal?
  • Take a virtual tour around Greenhills Community College with some of its students!
  • #ThinkShopSupportLocal
  • The Square celebrates 30 years in Tallaght

We use cookies to improve your experience on our site, personalise content, provide social media features, analyse our traffic, show you relevant advertising and to target and report on ads. By using the site, you consent to the use of cookies that may process personal data for these purposes.