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Bedford School Bursary Policy

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Bedford School Bursary Policy BEDFORD SCHOOL BURSARY POLICY General 1. The Governors of Bedford School are committed to broadening access by offering to eligible parents/guardians means-tested financial support towards the payment of school fees. Such support is known as a bursary and bursaries may be awarded in the form of a discount of up to 100% on tuition fees payable, depending on financial or other pertinent circumstances of applicants. All Bursaries are awards made by the Harpur Trust. 2. Bursary awards are subject to annual testing of parental means by the Harpur Trust and may be varied upwards or downwards, depending on parental circumstances and the financial information provided. 3. The granting of any financial bursary assistance is at the discretion of the Trustees of the Harpur Trust subject to eligibility criteria. This may be delegated to sub-committees of each school, which must be constituted and conducted in accordance with the terms of reference agreed by the Trustees. In the case of Bedford School, this committee is the BS Awards Committee (AC). 4. Whilst Trustees are not bound to explain the exercising of their discretionary powers, this paper provides a set of working principles to the members of the AC in order to ensure that the annual allocation of Bursary funds is equitable and objective. Two Trustees are required to make an award and will be present at the meeting. In attendance, ex-officio, are: • Head Master • Headmaster (Prep) • Bursar • Harpur Trust Finance Director • Director of Admissions • Harpur Trust Fees Manager • Vice Master • Assistant Head (External Affairs) 5. This Policy will be reviewed annually by the School. Requests for financial support 6. These usually fall into the following categories: • New applicants to the School • Existing pupils applying for awards at years 7, 9 and 12 • Existing pupils where a change in parents’/guardians’ circumstances has resulted in difficulty in meeting tuition fees and may result in the child being withdrawn part way through a stage of education. 7. Information provided by the school alerting the parents/guardians of potential pupils to the possibility of gaining means-tested financial support with the payment of school fees is included in: • The School prospectus. • The School website. • Details provided at open mornings. The Application Process 8. Bursaries may be made available to parents/guardians of children entering the school at Year 7, 9 and 12 or reaching that school year if an existing pupil. They are awarded at the discretion of the Governors, and the Head Master and Bursar are responsible for the management and coordination of the process, together with a committee which includes Trustees of the Harpur Trust. a. Parents/guardians seeking a bursary are required to complete a Harpur Trust form (MT1) which seeks to establish the financial circumstances of the household. The form, which requests details of income and capital must be submitted to the Harpur Trust by the date stipulated, which will always be prior to the date of the entrance exams. Applications made after this time are unlikely to be considered other than in exceptional circumstances. b. The Harpur Trust assesses all applications in order to establish the likely level of support which will be required in order to allow the child to attend the school. This may involve the Fees Manager or the Financial Director of the Harpur Trust visiting the parents’/guardians’ home to ensure the information has been correctly interpreted and the basis of the financial assessment has been fair. c. The Harpur Trust prepares an assessment of financial need which is then forwarded to Bedford School. The principles of Bursary Awards and more details about the scales used when assessing a family’s means are contained in the Harpur Trust Bursary Policy Booklet. It should be noted that the concept of assessable income includes both earned income and notional income based on assets- so for example a cash‐poor farmer earning £20k with 200 acres may still not be eligible for an award based on notional income on land assets. d. Following the entrance assessments and tests (full details of which are provided to applicants on registration), the Head Master and Awards Committee discuss each application and agree on any Bursary awards. The amount of funds available will be awarded in accordance with the estimated allocation across Y7, 9 and 12 as agreed in advance between the School and the Harpur Trust. e. The parents/guardians are advised whether their child is to be offered a place at the school and whether or not a provisional bursary offer is being made, and its proposed quantum. f. Parents/guardians are then required to sign a letter accepting the place at the school and an acknowledgement agreeing to any conditions relating to the provisional bursary. g. Parents will then be required to provide the Harpur Trust with full documentary evidence to support the provisional bursary award before the award can be confirmed for payment. The Case for Assistance. 9. The Head Master and the Bursar will consider a number of factors when making the case formally to the Committee for support and the extent of such support: a. Pupil’s Suitability. In assessing a child’s suitability, attention will be given to the academic assessment result of each applicant but potential will also be considered as well as actual achievement. Bursary funds are limited and priority will be given to those who are judged likely to gain most from the educational provision offered. Each pupil to whom support is offered must, in the opinion of the Head Master, be likely to make a sound academic progress following admission and possess the potential to develop the quality of his work and benefit from participation in the wider, extra-curricular activities on offer at the school. Each applicant should meet the school’s normal academic requirements. Previous school reports will be considered for evidence of good behaviour. b. Financial Limitations. Once the principle of an award has been established for a pupil then the amount of the bursary award is not influenced by the level of the academic ability of the child but by the extent of need, but also as impacted by available funds. Each case is assessed on its own merits and awards are made accordingly, subject to the school’s ability to fund these within the context of what is viable within the context of its overall budget. It is recognised that judgements about what sacrifices a family should make to pay school fees will be personal. However, the school has a duty to ensure that all bursary grants are well focused and so, as well as current earnings, other factors which will be considered in determining the necessary level of grant will include: • The ability to improve the financial position or earning power of the family. For example, where there are two partners, both would be expected to be employed unless one is prevented from doing so through incapacity, the need to care for children under school age or other dependents, or the requirements of their partner’s work. • Opportunities to release any capital. Significant capital savings and investments would be expected to be used for the payment of school fees as would large equity values in houses. • In cases of separation, the contribution made by the absent parent. Please note that both parents will usually be assessed unless there is evidence that it would not be reasonable to do so. • Contribution to household costs by other, wider, family members, any adults unrelated to the child or by outside sources. • Where fees are being paid for other children at Bedford School or other Harpur Trust schools, the school’s bursary provision will take into account these fee commitments. In addition, whilst acknowledging that others might have a different view, the School considers that the following would not normally be consistent with the receipt of a bursary: frequent or expensive holidays, new or luxury cars, investments in significant home improvements or a second property/land holdings. c. Other Factors. It is recognised that, in addition to academic ability and financial constraints, there may be other circumstances which should be considered exceptionally. These may include: • Where the social needs of the child are relevant (e.g.: may be suffering from bullying at their present school). • Where a parent/guardian is terminally ill or is unable to secure permanent employment due to poor health. Existing Pupils – Change in Family Circumstances 10. Parents/guardians with a child at the school whose financial circumstances suddenly change may apply for a bursary to the Bursar, explaining their situation and completing the required Harpur Trust form MT1. Such awards are subject to the availability of funding and will usually be for short term support only. Hardship assistance will rarely be considered for students below year 10. Annual Review 11. All bursary awards are subject to the repeat testing of parental means each year and may be varied upwards or downwards depending on parental circumstances. Current bursary holders will be issued with repeat means-tested forms at the beginning of March each year for return by a stated date. 12. Please note that bursary funding may not continue if the review forms are not completed and returned, with the necessary documentation, by the requested date. Uniform, Lunches and School trips 13. Lunch is included in the fees and so any Bursary award includes a pro rata payment for lunch. 14. Students on a full (100%) Bursary will be eligible for an initial award of £400 in the form of a discount to be applied against core (branded) uniform items. An additional award of up to £200 (50%) may be available, again on core uniform items only, in subsequent years.
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