I had a tiny 5% bursary initially for each of my twin sons from age 7. I'm a single mum and fully-self-employed, solely reliant on my own self-generated income and no ex in the background or family contributing financially.
However, I lost the tiny bursary when the second of my parents died, as I was left a small amount of money and paid off my mortgage. The cut off for getting a bursary is £50,000 total household income if there's one child but they also consider assets. My self-employed income is just over this, gross but less than this after tax, NI and expenses. But the school don't seem to apply their own 'rule' of £50,000 per child - ie surely they'd expect a household income of around than £100,000 for two children, to merit consideration for a bursary?
So I struggle to pay the total fees of around £27,000 a year (that's total fees altogether for both sons) as my actual income fluctuates each year and from the way my business works, I can't generate much more than I already do.
I accept that assets are a consideration. What sometimes gets to me is that I know of other families who get large bursaries because only one of two parent's chooses to work. This means there's 'free childcare' from the non-earning parent and the 'unused asset' of that adult who could be earning (caveat - I understand people have lots of different circumstances but am just making a general point). Some of those who get bursaries, only have one child too. Some have chosen not to pay off a mortgage but own a second holiday property somewhere. Some have several expensive holidays per year (I've never had a foreign hol with my twins) and own two expensive cars.
So on the one hand, I can understand the need to look at assets. On the other hand, in my twins' school, I see some injustice in who gets a bursary and who doesn't. I'd be more comfortable if they considered number of adults in home who are potential earners, relatives who contribute to fees, how people spend their disposable income etc. I'll reapply next year but doubt they'll reconsider once they've already taken away a bursary.