means tested bursaries

[Malkaperlichka]

I am applying for a means tested bursary for my daughter together with her application for a place at a selective prep. school from year3.
I am self employed single mother and my income in the last few years have been below 5000GBP. However, I own and rent three flats, not much rental income coming and in the current property market, I would not get much equity either.
Does anyone know, if my daughter would be eligible for a bursary, or the school would ask me to sell the properties in order to pay for her education?

Each scheme differs but I'm sure they'd take your investments into account, whether liquid or not. Presumably you are living on more than 5k ?

The bursary scheme at our independent school asks for details of all assets, liquid or not, income generating or not. It also asked for details of any investments held in the name of the children themselves.

I believe in the past some bursary schemes set up to support the disadvantaged have been abused by the wealthy self-employed with good accountants. So many schools are now wising-up.

Thank you for your help. I have already given all that info in my financial statement to accompany her application. With today house prices, I do not think that even if I sell, I will be getting much profit after paying the mortgages off. It has been my long term plan to cover for the lack of any retirement pension.