Academic Bursaries

Academic Bursaries are available for students entering at 11+ and 16+ only. This means-tested scheme is designed to assist parents of able children to meet the costs of our basic tuition fees. 

The worth of an Academic or City Bursary is dependent on your means. If your disposable income is £20,000 or less we would expect to give an award of 100% of fees. If your disposable income is more than £20,000 but less than £50,000 you may be eligible for an Academic or City Bursary of a lower value.

For instance, if your disposable income is £37,000 we would expect to give an award of 66% of fees.

 

 

Disposable Income  (£)	Academic or City Bursary Value (%)	Parental Contribution (%)
20,000	100	0
25,000	90	10
30,000	80	20
35,000	70	30
40,000	60	40
45,000	50	50
50,000	25	75

Calculating Parents Disposable Income

The calculation we use to determine your disposable income will normally be as follows:

• We take the total family income, from all sources, for the previous financial year, less main expenditure. This allows for  mortgage or rent payments, tax / NI, and some loan repayments (but not credit cards);
• We take into consideration any family income from social security benefits, such as:
  • Income Support;
  • Unemployment Benefit / Job Seeker Allowance;
  • Retirement Pension;
  • Child Benefit;
  • Any other state benefit, pension or allowance.
• Where applicable, we also look at considerable property equity over a threshold of £250K, and calculate a notional capital amount by applying the current bank interest rate.
• We also factor in an allowance amount of approximately one term’s fees for each additional child in full-time education.
• You would be required to provide proof of all income and expenditure, such as P60’s/March payslips, Inland Revenue self-assessment documents, investment or property income, mortgage statements, council tax bills, and recent social security benefits documentation.

Please note: Should you be awarded an Academic or City Bursary, the level of award will be re-assessed every Summer term for the following academic year, and may be adjusted either up or down according to any change in your family circumstances.

Please also be aware that any additional costs above the basic tuition fees such as school trips etc.

are not covered by this scheme.