Borrow wisely. You may need to borrow money to get by, but always try to take the best option for your finances and wellbeing. Family or university loans are safer, so investigate them first.

Dr Savage said the Catholic school system had "cherry-picked" evidence of Catholic schools that would lose money.

If all schools become academies, it will mean each regional commissioner over-seeing thousands of them.

School funding has been a hot topic since the Federal Government announced plans to change how much money it gives to schools around the country.

You can get your whole school involved in a fantastic cause. We'll give you everthing you need to make holding your own Race for Life Schools event easy and fun.

Fifty years later, the Catholic school system educates about 20 per cent of children at all levels and other private schools have 14 per cent of students, with the rest in public schools.

John Harris is a Guardian columnist

Meanwhile, as the number of both primary and secondary schools that are running deficits increases, this year the government will take the first step towards a new national funding formula, which redistributes a pot of money – broadly speaking, moving it away from big metropolitan areas and towards smaller cities and shire counties. No one should be celebrating: for many of the schools who nominally benefit, their increases will neither make up for past cuts nor keep pace with rising costs; while for those who clearly suffer, it will be another blow. At Osborne primary, it is another source of uncertainty about the future: right now, all Michelle Gay knows is that in the last year basic per-pupil funding has fallen from £3,071 a year to £2,756.

They control their own admissions process and have more freedom than other schools to innovate.

Now isn’t the time to stop spending altogether – letting financial commitments slide could make the situation worse. Instead, aim to pay priority costs with any money you have or expect to come into, then cut back spending on items further down the list.

If you’d rather raise money offline, you will receive an offline sponsorship form for every pupil taking part in your free event kit, but you can also print more.

He says families below the designated socioeconomic rating for an area tend to send their children to the local government school or a low-fee Catholic school.

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So how has this happened? In England, funding per pupil for education between the ages of five and 16 stayed just about flat in real terms between 2010 and 2016, but schools were then hammered by changes to national insurance payments and pension arrangements that led to a cut of about 5% in their per-pupil spending. As the baby boom of the early 21st century pushed up pupil numbers, money for vital educational support was hacked back: in 2015, for instance, the then chancellor, George Osborne, announced the phasing out of the £600m-a-year education services grant, which helped with everything from safeguarding, through speech and language support, to tackling truancy and maintaining school playing fields.

A hepatologist studies the liver and a lithologist studies rocks, but can you guess what area of study these 'ologies' refer to?

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In 2018, that is $10,953 for a primary school student and $13,764 for a secondary school student, with extra loadings for disadvantages.

If you have a job, extra shifts may help. Now’s also the time to identify saleable skills or freelancing opportunities, as well as any unloved clothes, books and gadgets you could shift for cash.

Predict the problems. The trouble with running out of cash is that it has consequences, and it’s better to know upfront what they are.

Glenn Savage, a senior lecturer in education policy at the University of Melbourne, says the federal government decided that if it did not provide funding to the Catholic sector it could collapse, and that would see a huge flood of students into a government system that was already stressed.

The government argues academies drive up standards by putting more power in the hands of head teachers over pay, length of the school day and term times.

Don’t forget to shout about the fact your school is putting on a Race for Life event of your own by putting it in your newsletters or use our press release template to tell your local press! You just need to download, edit and send it on to your local media contacts.

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The post-war baby boom put huge strain on both public and Catholic schools, the latter of which had traditionally educated children from poor families.

Teaching unions have long argued that academisation has been used as a way of privatising the school system, while the government says it is about introducing innovation.

Talk to the right people. There are people out there who can help you cope. Get in touch as soon as possible. Ask your uni’s student money advisor about budgeting, hardship funds or specialist support (ie debt or housing). The welfare office or your GP can advise if money worries affect your diet, sleep or mental health. Keep your course tutor in the loop, too. Talking can help relieve stress: try Samaritans or, if available, a campus listening service. If it’s an option, ask family about financial advice and support.

And in countries like Canada and New Zealand, the proportion of government money going to private schools is much lower than in Australia.

As with so many things, Brexit has ensured that none of this has acquired nearly enough political traction, even as the picture has become inescapably clear. In late 2016 the National Audit Office said that schools in England would have to make savings of £3bn by 2019-20 in the interests of “financial sustainability”. After the 2017 election it was announced that schools would get an extra £1.3bn over the next two years, though much of the money was taken from their building and repairs budget. Besides, the extra cash only reduces the financial hole identified by the NAO, rather than filling it – and according to the National Education Union, it will leave a total national shortfall of £2.2bn in 2019-20 alone.

For example, 25 local authority areas are covered by the Regional School Commissioner for Lancashire and West Yorkshire.

Most students experience financial hardship – following these steps can help you get back on track

Running Out Of Money Secondary Schools

Look closely and you see yet another manifestation of something very familiar: a country with a hacked-back state, where the people in power cling on to a sepia-tinted vision that has nothing to do with the demands of the 21st century, but has a human cost so huge it is becoming almost impossible to measure.

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It says something about life in modern Britain that in response to the change, many parents’ main anxiety was the prospect of their children losing out on a hot meal; so it was decided to close the school doors after lunch.

Because the amount of money private schools get from the Commonwealth is based on the capacity of parents to pay for their children's education, that amount is based on students' addresses — which comes down to their socioeconomic status. That system has been in place since 2001.

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Credit cards have their benefits, but also more potential for extra costs. If you’re not on top of your finances, get advice before using them, especially before taking commercial or payday loans.

The day-to-day running of the school is with the head teacher or principal, but they are overseen by individual charitable bodies called academy trusts and may be part of an academy chain.

If you’d rather raise money offline, you will receive an offline sponsorship form for every pupil taking part in your free event kit, but you can also print more.

Supplementary Student Finance.

However you borrow, compare the total cost with interest, along with charges or consequences for late repayment. Plan how you’ll repay the money asap, and consider how that will affect your other finances.