Private schools will receive $130 billion in funding by the Commonwealth Government over the next 8 years – $73 billion for Catholic schools and $57 billion for Independent schools. It constitutes massive over-funding by the taxpayer because the Morrison Government’s funding model ignores a major source of family income used to assess the financial need of private schools.
Commonwealth funding of private schools is determined by family income, but it ignores income received from the Bank of Mum and Dad which pays school fees directly and indirectly through a myriad of supplements to family income. As a result, the capacity of private school parents to pay school fees is vastly under-estimated and private schools are massively over-funded by taxpayers.
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