A new report reveals that over half of families with children at private schools or considering enrollment face significant financial pressure due to rising education costs.

Independent Schools Australia's research highlights that 53% of families are under strain, with many saving for three or more years to afford fees.Grandparents are increasingly contributing to school expenses, with some paying thousands annually for their grandchildren's education.The article explores how families are adjusting budgets, cutting holidays and essentials, and the role of grandparents in bridging financial gaps.While some argue this support is vital for educational opportunities, others warn of the pressure on older generations to fund schooling.

Examples include 83-year-old Sandra Masel paying for her grandson's private school fees and 82-year-old Jan Dods funding educational trips for her grandchildren.The piece underscores the broader societal impact of education costs on family finances and intergenerational support.