Bursaries are means-tested awards offering free or discounted fees based on financial need.
Across Warwick Schools Foundation, we offer two different type of bursary – one which is based on where the child lives (the CV34 Awards) and one which is open to families from all postcodes (our Foundation bursaries). The funding available from a bursary operates on a sliding scale – from 100% of fees covered, to smaller proportions, dependent on household income.
To be eligible for a bursary-funded place at one of our schools, children must also meet the usual conditions of entry – that is, they must satisfy the requirements of the school’s assessment and interview processes. There are limited funds available, so not all children who are offered a place at the school will also be offered a bursary, even if the financial assessment deems them to be eligible. The bursaries are awarded on a competitive basis and are limited to the funds available. All bursaries are re-assessed annually.
The support available is based on a combination of the following:
- Financial need – determined by a means testing assessment by our external partners Bursary Assessment Associates (BAA).
- Your child’s performance – based on exam results, the interview and the report received from your child’s current school.
- Overall demand – bursaries are awarded on a competitive basis, as limited funds are available.
CV34 Awards
The CV34 Awards are a specific set of bursaries which are earmarked for children whose families live within the CV34 postcode. The school is grateful to King Henry VIII Endowed Trust and The Charity of Sir Thomas White, Warwick for their financial support for this set of bursaries.
To be eligible for a CV34 Award, applicants must fulfil the three criteria above AND live in the CV34 postcode area.
Means Testing
All bursaries are allocated following means testing of applicants. This is established based on relevant ‘net income’ of all those with parental responsibility. The amount of discount is offered on a sliding scale. If your gross household income exceeds £104,000 (for the CV34 Award) or £72,450 (for the Foundation bursary), you will not be eligible, and if you have substantial assets, you are unlikely to qualify
If your child qualifies for a bursary place, they will also receive support towards other school costs. This will be applied at the same rate as the bursary – so for example, if the bursary covers 50% of fees, then half of the amounts in the table below will also be covered.
Application for a bursary
To apply for a bursary, parents are required to apply to the School through the normal registration form, and tick the box indicating they would like to be assessed for a bursary. On receipt of the School application, you will then be sent a confidential link to submit your details for the financial assessment to BAA, the School’s external partners. You will be told of the deadline to do this, in order to receive an indication of whether you may be eligible ahead of the entrance exam.
Please note that an indication that you may be eligible for financial assistance at this stage does not mean a bursary place has been offered as this is still subject to the usual admissions processes and overall demand for bursaries.
You will be required to provide detailed financial information including income, expenditure and details of your net assets. The financial analysis is based on both parents jointly, regardless of current living arrangements.
Please be advised that in some cases the Foundation reserves the right to attend a home visit in order to discuss the financial schedule.
About your bursary
As well as fee remission, a bursary at Warwick Schools Foundation includes support towards some of the additional extra costs of attending school. The amounts below are the maximum allowances and payable only to the family of a child with a 100% bursary. If your child has been offered a smaller percentage then 100%, the amounts below will be pro-ratad accordingly (so 50% of the costs below for a recipient of a 50% bursary, for example).
Bursaries are subject to an annual review each year which is also carried out by our third party partners BAA who carried out the initial financial assessment. They will contact you when it is time for your review. We also review bursaries as a pupil moves between stages of schooling – so from Year 6 into Year 7 and from Year 11 into Year 12.
Subject to your child remaining eligible for a bursary and a place at our schools, the following allowances will be payable. These are amounts for the entire period of time in each stage and are not an annual allowance.
Year 3 – Year 6
· Up to £300 towards uniform
· Up to £400 towards curriculum school trips
Year 7 – Year 11
· Up to £500 towards uniform
· Up to £400 towards curriculum trips
· Up to £600 towards a laptop under the Foundation’s Bring Your Own Device programme
Year 12 – Year 13
· Up to £200 towards uniform
· Up to £400 towards curriculum trips
· Up to £600 towards a laptop under the Foundation’s Bring Your Own Device programme
Claiming your allowance
For uniform and laptop allowances, please return receipts to billing@warwickschools.co.uk who will arrange for reimbursement.
For trips allowances, please inform Billing that you wish to use your allowance for a specific trip for your child and they will ensure this is reflected in your bills. The allowance can only usually be redeemed against trips which are curriculum trips, and not optional and additional trips. Please contact Billing of you have any queries before you sign up to a trip.
Further information about bursaries can be obtained from our Admissions team: TKS-Admissions@warwickschools.co.uk or call 01926 421368.