Bursaries and scholarships: an overview
Thanks to generations of benefactors and supporters we are fortunate to have a well-established endowment, which this year allowed us to budget £6.4 million for scholarships and bursaries. Bursaries are means-tested awards which are given to help support families who wouldn't otherwise be able to afford some, or all of the school fees. Scholarships are merit awards and usually (but not always) secure a fee reduction of 10%, irrespective of the boy's financial backgrounds. As merit awards the majority of scholarships aren't means-tested but there are one or two exceptions with particular schemes supporting talented boys who also need substantial financial support towards fees.
Means-tested bursaries are awarded to those pupils whose parents/guardians wouldn’t otherwise be able to pay the full fees. An independent company will assess the family finances during a home visit and make a recommendation to us. This isn’t a test but is designed to produce a fair assessment.
We support as many applications as possible. In 2015/16, 273 pupils are receiving a means-tested bursary (averaging 66% reduction in fees), with 73 students paying no fees at all. Unfortunately, we still cannot fund all of the applications and so our Development team is working hard with current supporters to try to grow our funds still further.