St Paul’s takes great pride in being able to offer financial assistance to the families of talented boys who otherwise could not afford private education.
Each year there are funds available for free and subsidised places at all entry points, with a focus on 11+ and 16+ to reflect the natural state school entry points. As with all other entrants, pupils hoping to benefit from a bursary must gain a place at the school on academic merit. During the assessment process, parents will be asked to complete a financial assessment form designed to establish the level of financial support available.
Bursaries are awarded on the basis of a means-test form which requests full details of income and capital resources. Family circumstances may change so the level of support is reassessed annually.
Level of Bursary
Please reference abridged table below for an approximate bursary percentage in the 2023/24 Academic Year based on gross household income and net assets. All bursary awards will be subject to a full means-tested assessment undertaken by the Finance Office at St Paul’s School and the table below is for general guidance of the range of support.
| | Net Assets** | | | | |
| | Below £600K | Below £800K | Below £1 million | Below £1.2 million | Below £1.4 million |
Assessable Income * | Below £68K | 100% | 95% | 90% | 85% | 80% |
Below £70K | 94% | 89% | 84% | 79% | 74% |
Below £80K | 84% | 79% | 74% | 69% | 64% |
Below £90K | 74% | 69% | 64% | 59% | 54% |
Below £100K | 61% | 56% | 51% | 46% | 41% |
Below £110K | 45% | 40% | 35% | 30% | 25% |
Below £126K | 25% | 20% | 15% | 10% | 5% |
* Assessable income is calculated as gross household income less an allowance of £15K for any other dependent child (children of school age and/or in full-time education if over age of 18). Gross household income includes but is not limited to pre-tax gross earned income, net profits on self-employment, net property income, pensions, benefits in kind, state benefits, dividends, interest, maintenance/separation allowances.
** Net assets include but are not limited to full current value of any properties owned, banking, savings, business and digital currency accounts, investments, vehicles and other assets offset by liabilities such as mortgages, loans and credit card balances.
If you would like to discuss bursaries in confidence, please contact the Registrar or the Finance Office on 020 8746 5477.