I applied to some very highly selective/competitive secondary independent schools in London for my daughter (City of London Girls, St Paul's, JAGS), and also applied to a non-selective independent school. I definitely need financial assistance if she were to go to any of these schools. We have received acceptances from all the schools we applied to, but only the non-selective school has offered a 95% bursary. All the other schools acknowledge that I need financial assistance, but have said there aren't enough funds available this year, except one who has waitlisted us for a 75% bursary. So the rest have all said they're happy to accept my daughter if we pay.
Q1. If I raise the funds this year by remortgaging my home ( I think I'd only get enough to cover <1 year of fees) and get my daughter in to the most selective school, could they review my financial position from next year onwards if I reapplied for a bursary once in the school?
Q2. Has anyone ever been on a bursary waiting list, and how likely is it that you would get a bursary?
Please any advice/experience would be most welcome. I'm sure someone will have been in this situation before. I'd like her to attend a selective school as she's really bright and these schools would keep her challenged.