New figures have revealed exactly how much parents will shell out for a state education – and it’s probably more than you would think.

According to the Daily Telegraph, mums and dads can expect to fork out over $73,000 to send a child born in 2016 to a public school from Kindergarten to Year 12.

Yikes.

Image via iStock.

Scholarship provider ASG recently released the figures via The Planning for Education Index - and it's a sobering read for all parents, with the national average public school eduction totalling $66,862.

The predictions have taken into account factors such as school fees, transport, uniforms, computers, school excursions and sporting trips.

Meanwhile, the Index also predicted that a private school education in Sydney would cost $552,351, compared to the national metropolitan average of $468,397.

ASG CEO John Velegrinis said the cost of education had risen dramatically over the past ten years - and he warned that parents should start planning early.

Image via iStock.

“Regardless of whether you send your children to a government, systemic or private school, the costs of that education will clearly increase which is why we advocate that parents start planning for education as early as possible, even from the moment their child is born," he said.

“We’re very fortunate in Australia to have a variety of excellent government, systemic and private schools. If you have two or three children, the cost of a private education could be higher than the purchase price of the family home. We advocate parents use a disciplined approach by putting a little bit away each week so they financially can afford their children’s educational goals and aspirations," he added.

Are you sending your kids to a public or private school? 

TAP and scroll through the gallery to see where some of our favourite icons went to school... 

Celebs who went to public schools.

Kylie Minogue.

Kylie went to Camberwell High School. Image via Instagram @thevoiceau.

Geoffrey Rush.

Geoffrey went to Everton Park State High School.

Gough Whitlam.The former PM attended Telopea Park School. Image via Getty.

Jackie Chan.Attended Dickson College. Image via Google.

Lauren Jackson.

Lauren went to Lake Ginninderra College.

Mia Wasikowska.

The actress studied at Canberra High.

Naomi Watts.

Naomi is a Mosman High School alumni.

Paul McDermott.

Paul's a public school boy.

Rose Byrne.

Rose attended Balmain High School.

Jessica Tovey.

The former Home and Away star went to Newtown High School of the Performing Arts.