How do Scholarships and Bursaries Work?13-Aug-2017
If you are interested in an Independent School education for your child, but cannot afford the school fees, it may be worth considering applying for a Scholarship or a Bursary.
WHAT IS A SCHOLARSHIP?
Most Independent Schools offer Scholarships to attract the most talented pupils to their school. These Scholarships can be focused around academic, sporting, musical or artistic achievement; or some combination of these. Scholarships awarded by the more established and bigger brand schools (Eton, Winchester, Harrow, ...) who have large foundations, can be financially significant. The majority of Scholarships, awarded by most Independent Schools, are now less about financial value and more purely honorary, resulting in a status within the school or a name on the honours board. The majority of these Scholarships are worth between 0% and 10% in fee discount.
Be honest ... if your child is doing well, above average in their current good State Primary School, but not the outstanding academic, sports star or musician, then they are probably not destined to become a Scholar. If your child was reading at three, knew all their times tables at four and was reading demanding books at six, then you may wish to have them assessed by a teacher, to give a view on their current achievement and future potential as a Scholar.
Scholarships are highly competitive. You will need to be informed and to have done your research into the various schools. You will also need to invest in time and expertise to help prepare your child towards their Scholarships Exams and Assessments. Do not pressure your child, who of course will want to do well and succeed. Approach it with an attitude of "Let us give it a go!"
WHAT IS A BURSARY?
Most Independent Schools now divert their funds towards Bursaries, to encourage talented children of less well-off families to join their school. Bursaries can be worth up to 100% of school fees, though most are much less than this. The value of the Bursary is determined by means-testing a family's financial circumstances (including income and assets). The threshold for family income, in order to award a Bursary, can be quite high, around £50 to £60k.
Bursary Interviews take place throughout the year before entry. Be very honest in answering all the questions and providing all of the detailed information required. A Bursary awards are reviewed annually and can flex up and down a little, though the agreed intention is to keep the student at the school for the long-term.
Be reassured that schools do not publish lists or identify those students who hold Bursaries. Confidence is kept throughout the process.
It is also possible for a child to be awarded both a Scholarship and a Bursary, so do not be shy in asking the school if they would consider this.