20/01/2016 5:49 AM AEDT | Updated 15/07/2016 12:51 PM AEST

Australian Scholarships Group Says The Cost Of Putting A Child Through Private School Is $468,397

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If 2016 is the year you plan to get pregnant, think about this for a moment: Australian Scholarships Group says the cost of putting them through private schooling will be $468,397.

The children's education saving group analysed the cost of education for babies born in 2016 based on 5600 surveys. They've then estimated the cost, year by year, including necessities for a child starting preschool in 2020, from kindy to Year 12 for public, catholic and private schools.

Those opting for private education would pay $8,330 by the end of pre school, $146,134 for primary school and $313,933 for secondary school by the time they graduate in 2033.

If that sounds steep, the group estimated the total public schooling for the same child to cost $66,862 and Catholic school at $230,381.