The Governors of the Loughborough Endowed Schools are committed to broadening access to the schools by offering to eligible parents/guardians means-tested financial support towards the payment of school fees. Such support is under the terms of the Articles of Association known as Foundation Bursaries and may be awarded in the form of a discount of up to 100% of the tuition fees payable, depending upon the financial, compassionate or other pertinent circumstances of the applicants.
Foundation Bursary Awards are subject to the testing of parental means each year and may be varied depending upon the parental circumstances. Awards are made on the basis of the Loughborough Endowed Schools Scale of Awards, which sets out the recommended level of award in relation to a family’s financial circumstances. The Scale of Awards is reviewed and revised annually, to reflect any changes in tuition fees, and is approved by the governors. Although awards are generally linked to this scale, they may be varied depending upon individual parents/guardians circumstances, including their savings, investments, realizable assets, income, size of the family, dependent relatives, and any compassionate or other pertinent considerations.
Requests for financial support toward the tuition fees normally fall into one of two categories:
New Applicants to the Schools
Foundation Bursaries are made available to the parents/guardians of children entering Loughborough Grammar School and Loughborough High School. These awards are made at the discretion of the Governors, and the relevant Head and the Foundation Secretary & Treasurer are responsible for the management and co-ordination of the process.
The Application Process:
The Case for Financial Assistance
The relevant Head and the Foundation Secretary & Treasurer will consider a number of factors when making a judgment as to the justification for support, and the extent of such support. In the main, a child’s suitability for the school in question is the first consideration in granting support.
Existing Pupils: Change in Family Circumstances
Within the overall budgetary constraints, the Schools in normal circumstances have funds available for cases of sudden, unforeseen need or where applications meriting Foundation Bursary assistance are received out of the normal cycle. Parents/guardians with a child at the school whose financial circumstances suddenly change may contact the relevant Head or Foundation Secretary & Treasurer, to explain their situation and apply for an award. In this event, the application will be considered by the Bursary Committee. Existing pupils, where a change in the circumstances of the parents/guardians has resulted in difficulty in meeting the tuition fees and may result in a pupil being withdrawn part way through the relevant stage of education. Assistance of this nature may be provided to pupils at all of the schools within the Foundation.
All Foundation Bursary awards, regardless of the circumstances which have justified them, are subject to a review of the parental means each year and may be varied depending on the parental circumstances. Current Foundation Bursary holders will be issued with a repeat means-testing form each year and these forms should be completed by the 1st June in the year in question. For those previously in receipt of a Foundation Bursary, the relevant Head and Foundation Secretary & Treasurer have the discretion to reduce or withdraw an award not only where a pupil’s progress, attitude or behaviour have been unsatisfactory, but also where the parents/guardians have failed to support the school, for example by the late payment of any contribution they make towards the tuition fees.
The Schools respect the confidentiality of all Foundation Bursary awards made to families. Recipients of these awards are expected to do likewise.