Scholarships amount?(33 Posts)
This is on a website of a private school about scholarships. May I ask what this line means :
"(name of school here) scholarships of £50 per annum are awarded by competitive examination to internal and external candidates at the age of (7+, 11+ etc).
What does this mean???
Do I pay £50 every year for the scholarship. Cause the school costs about £6000 per term. Just wanted to confirm my thoughts are right.
I thought most of the senior schools wanted to widen access in order to maintain their charitable status, hence the move away from large non-means tested scholarships to nominal award scholarships and increased bursaries. Ds has a large scholarship that is non-means tested (at prep) but there are very very few senior schools that offer anywhere near the same level.
Some of my children have a discount on fees for scholarships at the moment. It is not much and that is fine as it is for excellence and available to children of rich and poor. It would be silly to give a huge discount to someone who can afford full fees and the reason I have wanted some of my children to have scholarships as it can be one extra thing that looks good on a CV in a very competitive world which perhaps may be looked at by an employer even in 10 years time even though more recent things and exam results will count for much more. So it is worth in my view having it even if it does not mean much of a discount.
Bursaries are different and that's fine and they are there for those who might otherwise not be able to afford the fees (or sadly because their parents can pretend to have a low income from be self employment and lie their way into one in some, not all, cases)
I suspect that the schools with an international reputation don't need to entice prospective students with generous scholarships hence the nominal amounts of £50 or similar.
MTS I admit my knowledge is confined to well known boarding schools. But we looked quite carefully at the scholarship offers as that would have been our alternative route had my DC not been offered a place at his current school. All we looked at offered a a pretty miserable scholarship not one offered enough money to make it affordable without a bursary. As already said scholarships are a a status thing.
Bisjo I believe Harrow do cap incomes at £40 000 PA at least they did when my DS was at prep school a few years ago there is that other one I think its called the Peter Beckwith scholarship.
I think I've heard on the bursary grape vine that City of London Boys is generous as it Whitgift not sure about the income cut off point though. Christs Hospital is of course also worth looking at.
Some scholarships give access to bursaries. If you are looking at the fee level of Eton, Harrow etc you can be earning a pretty good salary and still qualify for a bursary.
middle - I clearly made a mistake. In my defense a scholarship of £50 did seem like a silly amount when faced with fees of £6000.
But like I said, my friend was offered a 100% remission not to transfer her talented musical DC to a well known music school. The fact that your school offers no remission doesn't invalidate what I said about a different school.
"If something sounds too stupid to be true then it probably isn't true. Any school who invite prospective pupils to compete for a paltry £50 per term would open itself to widespread ridicule. The scholarship is clearly for a nominal fee of £50 per term."
MTS I not sure you really know what your talking about at my DS's "posh" one mentioned above there is no remission on the fees!
OP we have a generous income we don't receive CB but get a very large bursary. So don let your income pout you off applyng. If you live in London the obvious place to look is St Pauls boys who are very generous with bursaries.
Sorry, I meant to say that these were purely academic scholarships - if we'd been eligible for means-tested bursaries, they would have been in addition to that. So it really is worth combing through the websites one by one to find those who offer 50% remission of fees on ability.
11+ forum has an independent schools section - ask a question there about your area?
At ds's school the scholarships are worth 25% remission of fees - they have them for music, art, sport and academic. Choristers get 50% remission of fees.
They are not income dependent/anything to do with bursaries which are, quite rightly, much more discreetly awarded so I have no idea about them.
DS who is pretty able was just offered 50% scholarships at 2 local schools in E London, one of which is in the top 50-odd nationally.
My friend's DC was offered a bog standard 10% music scholarship at her 'posh' school. Towards the end of year 8 they told the school that they were going to transfer their DC to a renowned music school. In order to persuade the DC to stay the school offered them an 'augmented' scholarship of 50%. However, it took an offer of 100% in order to close the deal. Some might call it a bursary but it wasn't income dependant.
Ok, it was a music scholarship which isn't what the OP was talking about but for all I know the school would have probably done the same if the DC was an outstanding academic student.
Not quite on the same 'posh' level as Eton and Co but our modest school offers a 50% scholarship which is usually split 3 ways. In DC1's year the split was 20%, 20%, 10%. In DC2's year the split was 30%, 10%, 10%.
I am not in a position to say how common the above is but at the same time its not as rare as some people think.
MTSgroupie - posh schools with generous alumni offer more generous awards of 50% -100%.
Which "posh" schools offer these amounts? On checking Eton, Harrow and Win College they offer 10%, 5% and 0% respectively. Is there another level of 'posh' I'm not aware of?
For me the honour and possible helpful addition to a CV is worth more than the cash value as I can afford the school fees anyway. I certainly don't mind any spare funds going to children who need it not to mine with scholarships.
St Paul's (boys) is £60pa for an academic scholarship.
Sorry, that should be £250 pa, for an academic award. £100 (plus some tuition) is the value of a music scholarship.
I'd love to know which schools give scholarships of over 30% (I note pp has only "heard of" bigger awards).
i repeat: some scholarships have no cash value, and carry academic worth only. I can't think of one at £50 pa, but St Paul's Girls in London is £100 pa, and the honour (not the tiny amount of cash) is certainly prized.
The reason it has changed is because of the changes in charity law. Now if someone is really really bright but rich thye may well win a scholarship but it may carry no money award with it at all as they need to save all the money to pay to very very poor children on bursaries. That is the scholarship/bursary distinction nowadays at most places. Charitable purposes for about 400 years meant education - education of anyone, the rich, the poor, nuns, the elderly, those with rolls royces anyone because education was charitable . That was all changed wrongly in my view as something can be very charitable indeed and not benefit the poor one iota. The state tried to change the meaning of the word and they achieved that to an extent legally although the Charity Commission has been doing particularly badly thankfully at their work around the issue.
at all the posters who think that the scholarship is £50 off the fees.
If something sounds too stupid to be true then it probably isn't true. Any school who invite prospective pupils to compete for a paltry £50 per term would open itself to widespread ridicule. The scholarship is clearly for a nominal fee of £50 per term.
Typically scholarships range from 5% reduction in fees to 10%. Some more cash rich schools (like ours) offer 10-30%. I've heard of 50% to 100% but these were 'posh' schools with generous alumni.
A lot of people in the middle have been squeezed out of private education! Especially those with larger families.
You could: retrain as a teacher and go for a school which offers a staff discount; look for schools with sibling discount; look for schools where the scholarship amount is much higher (over 30% is rare, but 10-20% isn't uncommon but awards are hotly fought over); and maximise family income to cover as much of it as possible. Or go for one of the super selective grammars on the edge of London.
Good point although women set up businesses - the White Company, mumsnet and often do pretty well. Female entrepreneurs earn more than male ones in the UK apparently at under 40 years of age. 3 of my children had music scholarships but it is/ was more the honour than much of a fee discount although more than £50 and certainly nice to have.
Day school fees are about £10k to £15k so lots of women go back to work full time on say £40k and cover most of the fees. It works well for families and gives them two incomes and ensures children see that mothers work just as well as and sometimes out earn fathers.
If you cannot found a business or go back to work then what about jobs in schools? We knew a teacher couple - the 3 children had a virtually free education 3 - 13 at the prep school where one of the couple taught and then free fees and a free house from age 13 - 18 at a leading boarding school.
Is your husband self employed? His income may be low enough for a bursary if the school really wants the children.
£50 is not a scholarship, it's a discount and a small one at that!
My DD has just been awarded a Maths Scholarship and the figure is just into 4 figures (we were asked to keep the details confidential).
Xenia, Based on my calculations I would have to earn quite a lot of money even if I said all my salary goes to the schools - not less than £120 000 per annum for all three, or no less than £30 000 for one, all before tax. Considering I have not worked for the last 6yrs or so, this seems quite hefty...................................
Hello Xenia . You are inspirational, but your earnings render your situation irrelevant to 99% of families. Regardless of whether the man woman or both work.
Scholarships are not the same as bursaries- bursaries are needs based and you could still get one even if you have a decent household income. Confusingly some schools do award a decent wodge off as scholarships i have 2 dcs each getting 20% off without a whiff of interest in our earnings. PM if you would like more info.
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