School Assisted Places – A brief guide for parents
The School can also make limited funds available, according to financial need, to able pupils through the Schools Assisted Places Scheme. These awards are made on academic merit in the Entrance Examination and will involve a meeting at School with a member of the Bursary staff. A small number of significant School Assisted Places are also available for Year 12 entry up to 50% of fees (larger bursaries may be available, dependent on exceptional performance at GCSE). These are dependent upon performance in the GCSE examinations, parental income and a meeting with a member of the Bursary staff.
Who is the scheme for?
The scheme was established to help able children whose parents cannot afford full independent school fees. Awards are normally made only to those entering Year 7 to Year 12.
How much will parents be expected to contribute?
If your annual income is below a certain level, you may have to pay very little towards the fees. The principles underlying the operation of the scheme are that parental income and assets must fall within a certain range to ensure eligibility and the amount of financial assistance provided each year by the Governors will be determined by the level of the parents’ income and assets in the preceding year.
Who will meet the remaining cost of the fees?
The Governors of the Loughborough Schools Foundation have bursary and bequest funds available. These funds will provide the money necessary to maintain the scheme. Funds are limited and it is not always possible to provide assistance to all those who are eligible. The contributions made by Governors to the school fees of those pupils who hold School Assisted Places will be reviewed annually and will always be at the discretion of the Governors.
How to apply?
To apply for assistance, we will require you to complete a ‘Confidential Statement of Financial Circumstance’ form. The deadline for submission of the form is 30 November. Parents will know by the end of January whether or not a place is being awarded and whether there is a possibility of financial support being offered; the amount of any help is subject to the outcome of a School visit and to subsequent confirmation by the Bursary Committee. It is important to note that the academic merit of pupils as well as the financial situation of the parents will be taken into account when considering the award of Foundation Bursaries. With regret it is not possible to offer support to all those parents whose financial circumstances warrant it.