Financial Assistance (Bursaries)
Channing School has always done its best to ensure that children who would benefit from an education at the School are not excluded for financial reasons. We offer means-tested financial support with the payment of school fees to parents/guardians who would otherwise be unable to afford them. This support is known as a Bursary and these may be awarded in the form of a discount of up to 100% on tuition fees, depending on the financial circumstances of applicants.
In order to make prospective families aware of the availability of this means-tested financial support, information is included with the School prospectus, on the School website and in advertisements in the local press.
As a very general rule, it is unlikely that a Bursary will be awarded when the family gross income (with one school aged child) is significantly greater than four times the school fees. It is possible, and indeed not unusual, for a Bursary holder to also have a Scholarship. Bursaries are renewed annually and may be increased or decreased if the financial circumstances of the applicants change significantly. We appreciate that education is a long term investment and that families want to have a sense of continuity from one year to the next and if financial circumstances remain essentially unchanged, families can assume that their proportional contribution to school fees will change very little, if at all.
The School operates a sliding scale for Bursary awards which it reserves the right to vary in special cases. All awards are made at the absolute discretion of the School and the number which can be made each year is limited. The Registrar and the Bursar can provide guidance in individual cases.
Each Bursary application is considered on its own merits and it is recognised that the sacrifices that a family can or will make in order to pay school fees come down to personal choice. However, Channing School aims to ensure that any financial support offered is directed towards those that need it most, though the Governors reserve the right exceptionally to make discretionary awards.
Therefore, in determining the level of Bursary support, the factors which will be considered as well as current earning will include:
Family circumstances. The School will take family circumstances into account; the need to care for children under school age or to look after other dependants, or perhaps the particular requirements which one or other partner’s work might impose on the other. In some cases, one or both parents are prevented from working through incapacity. However, where there are two partners we normally expect them to be employed and a family’s ability to improve its financial position or earning power will be considered.
Costs associated with other dependants, e.g. sick or disabled parents or children.
Substantial realisable equity in the applicant’s home and ownership of interest in other properties.
In cases of separation, the contribution made by the non-resident parent.
Contributions to school fees or household costs by other family members, adults unrelated to the child such as step parents or by other sources.
The level of fees for the child paid previously to other independent schools.
Expenditure on expensive holidays, luxury cars and home improvements.
Significant savings and investments that could be used for the payment of school fees.
In assessing a child’s suitability, attention will be given to the academic performance of the applicant. Bursary funds are limited and those judged most suitable, i.e those likely to gain most from the education on offer at Channing, will be given priority. Each pupil to whom support is offered must, in the opinion of the Headmistress, be likely to make sound academic progress following admission and possess the potential to develop the quality of his/her work and benefit from participation in the wider extra curricular activities on offer at Channing. Each applicant should meet the School’s normal academic requirements.
Bursaries may be awarded to children joining Channing in Year 7 or above and also to current pupils. Exceptionally the school will also consider applicants from Junior School families should there be significant changes in family circumstances.
Bursaries are awarded at the discretion of the Governors, the Headmistress and the Bursar. The Bursar is responsible for the management and coordination of the process. The decision of the Headmistress and the Bursar is final.
Parents/Guardians seeking a Bursary are required to complete an application form which seeks to establish the financial circumstances of the household. The form, which requests details of income and capital, is available from the Registrar (new pupils) or the Bursar’s Secretary (existing pupils) and must be accompanied by full documentary evidence. The completed application form, together with the necessary documentary evidence, is to be submitted to the Bursar no later than the published closing date for applications for each year for Bursaries to start the following September.
The Bursar will assess all applications in order to establish the likely level of support which will be required in order to allow the child to attend the School. This may involve the Headmistress, or her representative, visiting the parents/guardians’ home to ensure the information has been correctly interpreted and the basis of the financial assessment has been fair.
The Bursar prepares a recommendation based on a sliding scale which is considered with the Headmistress and a joint recommendation is then reached. In making a decision as to whether to offer a place at Channing School the Headmistress will not take into account whether or not a Bursary application has been made.
Parents/Guardians are advised whether their child is to be offered a place at the School and of the Bursary offer.
Parents/Guardians are then required to sign the Acceptance Form accepting the place at the School and an acknowledgement agreeing to any conditions relating to the Bursary.
Existing Pupils – Change in Family Circumstances
Finances permitting, the School will aim to help in cases of sudden unforeseen need.
Parents/Guardians with a child at the School whose financial circumstances suddenly change may apply for a Bursary to the Headmistress/Bursar, explaining their situation and using the forms at Annex A. Such awards are subject to the availability of funding and cannot be guaranteed.
The School respects the confidentiality of Bursary awards made to families, and recipients are required to do likewise.
Other Sources of Bursary Assistance
In addition to the School’s Bursary fund, there are a number of educational and charitable trusts which provide assistance with tuition fees. In the majority of cases, these are to assist children who are already attending a fee-paying school and due to a change of circumstances may be unable to remain. Channing School encourages parents/guardians to apply for support where it is felt a good case can be made for assistance. Further information on how to pursue such assistance may be obtained from:
The Bank, Highgate, London N6 5HF