With school fees galloping ahead of UK inflation, most
parents are very interested in ways of reducing their fees drastically, as
confirmed by the current Daily
Telegraph article.
With ISC statistics stating that 41,000 children (8% of
total children in ISC private schools) are receiving financial assistance to
reduce fees, one could be forgiven for thinking that getting a bursary was a
simple matter of turning up and asking for one, however the reality is quite
different.
For several years there was a trend for more money to be
allocated to bursaries (based on financial means) by moving funds away from
scholarships (based on merit). However, we believe that trend has reversed with
schools more likely to give a bursary if the child has first won a scholarship.
Additionally it is an extremely complicated process to secure a bursary,
usually involving an investigation of all income and assets of not just the
parents, but also other family members (grandparents for example) to a level
more detailed that annual income tax returns!
The relationships between school bursars and parents has
become a little "adversarial" because there are far more requests
than available funds. Thus many of the larger senior schools have subcontracted
out the bursary process to independent accountants to take the sting out of
possible arguments with parents if their request gets denied. It can be
reasonably assumed that accountants will pay more attention to the numbers
rather than the emotion behind a bursary request. For this reason we have put a
detailed description of the process on our website.
Education Advisers does not give bespoke advice on
bursaries, although we can give advice on scholarships. Furthermore, we have
just introduced a 2016 eGuide entitled "TOP 10 TIPS FOR REDUCING YOUR
SCHOOL FEES", which is available free of charge to bespoke school choice
advice clients.