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AIBU?

Share your dilemmas and get honest opinions from other Mumsnetters.

to bank on getting bursary whilst earning £70k?

161 replies

Leafysuburbia · 15/01/2011 23:41

We have enrolled our child at a fabulous pre prep. We could afford the fees at the time but after job changes it just is no longer an option once the 15 free hours nursery provision finishes and DC has to enter Reception.

When I spoke to the head she was non committal but told me that all financial circumstaces are looked at and although salary figure is too high to normally consider bursary that things like excessive mortgage (tick), very high overheads including debt (tick) would all be taken into account. Tbh every month we are struggling, really struggling to save even £450. She also told me that generally once a child has started the school she considered it negative to their education to have to let them go so she would usually recommend a bursary be approved.

Said child has not yet started pre prep.

We have another younger child and my concerns are partly that if we can't afford one we certainly can't afford two.

How many people have managed to get bursaries while earning well in excess of the usual low income expected and has this continued to work when two children are in attendance?

Am I being ridiculous in even trying? Am very concerned as DC1 is considered exceptionally advanced in terms of development (genuine concern please do not flame) and needs a high level of attention/stimulation (no idea about DC2 yet, very very little indeed!). Local state schools said to be good but HUGE class sizes and very oversubscribed, hard to get into.

Anyone? Is it fantasy to start pre prep with no realistic hope of remaining? Or do we really have a hope - is it possible, is it reasonable to consider successfully claiming bursaries?

OP posts:
BitOfFun · 16/01/2011 02:11

I am on a very low income and obviously have children who don't go to private schools. Despite me spending most of my energy on the younger one with disabilities, my eldest has come home with GCSE module results of 100% in three subjects. I have kind of forgotten the point of this post, but just wanted to brag Grin

ILovedYou · 16/01/2011 02:11

[cry]

only 70,000

through no choice of my own i have 12p in my bank account until monday

Catnao · 16/01/2011 02:13

You are a profligate spender, IlovedYou - I have £2.44 - CB on Monday!! yay!! (Partner has £244 though in his - so ha! Wink.

Catnao · 16/01/2011 02:14

He doesn't actually - he (we) has £219 - I just thought it looked funnier -it IS late, forgive me...

Catnao · 16/01/2011 02:19

This private school thing is so much rubbish anyway. I know this. My brothers and I were privately educated. If your terms of achievement are monetary success - it is no good. One brother is a university academic. (would have been if had never gone to school, I expect). Another one is a secondary school teacher. One is a banker, earning LOADS and screwing the rest of us Wink. One is a criminal (reformed). And I am a primary school teacher.

We all SPEAK nicely though, and know how to conduct ourselves when thrown into unexpected posh functions.

ILovedYou · 16/01/2011 02:23

One day i might have 2.45 in my account Catnao. You'll be green with envy - different shades!

Catnao · 16/01/2011 02:24

So - unless my parents really valued a nice speaking voice, IMO they wasted their money. Although it may have helped littlest brother in court a few times -who knows?

Catnao · 16/01/2011 02:26

And by the way, ILoved You - I also have £5.60 I found in my jacket this morning IN CASH - so we WILL go to the ball get the paper tomorrow...

ILovedYou · 16/01/2011 02:28
Hmm

lol

Catnao · 16/01/2011 02:31

Tee hee - do you ever think - I have £5.60 which my partner does not know about - instead of buying worthy paper tomorrow - I could salt it off and buy rubbish paper AND crisps??

Oh - or save it up for school fees...Wink

ILovedYou · 16/01/2011 02:39
Envy

what i wouldn't do for 5.60

rubbish paper and crisps, you bragger

Catnao · 16/01/2011 02:45

Well you know - I'm posh innit?

Off to bed - yes, the real bed I am lucky enough to have, in the warm environment, in a safe place. thanks God for the luxury, as realises how lucky she is, before becomes revolutionary Cake? I'd make 'em eat Bernard Matthews turkey burgers (God rest his soul) ; )

ILovedYou · 16/01/2011 02:50

and what is wrong with his twizzlers?

LOL

nulgirl · 16/01/2011 07:52

Are you taking a long term look at this? Even if you manage to get a bursury then will you be able to maintain a decent lifestyle and be able to pay for dc2. Do you expect your debts/ outgoings to significantly decrease or your income to rise considerably? I think you would be crazy starting your dc1 in a private school if you are not reasonably confident you will have the means to pay for it and also enjoy an acceptable (to you) standard of living

SoupDragon · 16/01/2011 08:02

If you try to put your children through private education when you can't afford it, you will be miserable. I've seen a friend go through it and it was hell.

TyraG · 16/01/2011 08:05

This is clearly a windup as the OP has not been back in 3 pages.

SmilingHappyBeaver · 16/01/2011 08:07

So basically you want a bursary (and therefore take it away from someone on a low income) in order to allow you to continue to fund your lifestyle (big mortgage) and debts.

I think you need to grow up and start taking some financial responsibility.

Here's an idea, if private education is that important to you... buy a smaller house to release some equity. Use the equity to pay off your debts, and then see if you can still afford the school fees.

woolymindy · 16/01/2011 08:11

Why on earth would you bother to apply, you cannot afford to privately educate one child let alone two. To be honest I wouldn't apply because I think excessive debts through over spending will not be taken into account by a Bursar. If your child has not even started they will not start funding a child that they know will have to have help all the way through - let alone a sibling. Get a grip please you are being really daft and honestly aren't you a bit embarrassed to be applying now knowing you cannot even met the basics let alone the extras? I know I would be too proud.

BikeRunSki · 16/01/2011 08:13

"Only" Smile

FakePlasticTrees · 16/01/2011 08:20

what the hell are you spending all your money on? Just how big is your house? Really, we live in the SE and we live off a lot less than £3.5k a month, and we have a silly mortgage. With a household containing 2 preschoolers, why on earth are your living costs so high?

You appear to be trying to live a lifestyle you can't afford.

coccyx · 16/01/2011 08:21

Why should you get a bursary when you do not live within your means? 70k is a good salary. Save the bursary for those who earn nowhere near that amount.

janet41 · 16/01/2011 08:29

a friend tried to get a bursary at our pre prep on a much lower salary and was declined; the calculation actually takes in capital too - she was told that firstly she needed to remortgage and use every bit of equity up on the fees first, and then come back. And it is an annual assessment so the 'ruling' can change anytime. She had to withdraw her dd and was very upset. Still is 6 months later as its a great school.

So lessons i took

  • make sure you can pay fees until 18 if you go this route, in case you end up in the private sector for good; yes you can swap sectors, but it can get complicated to do so so be prepared for not doing so
  • private schools charge a lot for extras - we easily pay a good few hundred pounds again a year in ballet, sports, trips etc and DD is only 5. This part of the bill is going to rocket when she gets to prep age. Plus uniforms etc are much much more expensive.
  • dont count on scholarships - usually even the all rounder ones are 5 or 10% of fees; yes there are some amazing 100% scholarhsips around but they are extremely heavily competed for and usually targetted on people who really need them (70k wouldnt cut it!)

i think you are setting up a big problem for youself here, and esp if you want to put 2 through. Maybe downsize the house/mortgage if this a way you really want to go and therefore free up disposable income??

PrincessScrumpy · 16/01/2011 08:31

I would save up while dc are at primary and so you can ensure private education at secondary level - that's what I'm hoping to do. There are lots of extra costs and fees can rise every year.

Violethill · 16/01/2011 08:33

I think you're being unrealistic expecting to pay private school fees for two kids on 70k

I also wonder why you feel that your child may not be able to make a success of his life without private school, given that he's so bright??

merrywidow · 16/01/2011 09:07

what the fuck are you doin with all the money, I have 2 dcs in private - no bursaries, and am earning a fair whack less than that. Wouldn't even dream of asking as know I dont stand a cat in hells chance Hmm

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