|
Students receive a basic bursary of £450 monthly from the school, payable on the last
day of each month from September 2011 to July 2012.
In addition to the basic bursary, a discretionary termly bonus of up to £550 may be awarded,
at the discretion of the headmistress, subject to satisfactory attendance on the MCI course and
conduct at the school and an end-of-term interview with the headmistress in December, March and
July. To qualify for this discretionary bonus a student must provide evidence at regular intervals
that:
A contract incorporating these and other details is exchanged between the school and the student.
Lunch is provided free of charge each day during term time to students at Bassett House and three times each week during term time at Orchard House but there are no kitchens at Prospect House so lunch is not provided there. To compensate for this, students at Orchard House receive an extra £16 per month and at Prospect House receive an extra £40 per month.
Whilst technically taxable, in practice, unless the student has income from other sources, no
tax is deducted because everyone is entitled to tax-free income of £7,475 in the tax year (which
runs from 6 April in one year to 5 April in the next). If the student has paid tax on pay received
between April and August before starting the course, this is likely to be repaid automatically
over the autumn term. National insurance contributions (effectively a payroll tax) would be likely
to amount to between £143 and £158 over the 11 months of the course.
In addition the school pays the fees (a total of approximately £3,110) charged by MCI for:
Thus the basic bursary and the study fees are together worth approximately £8,060 in addition to which a discretionary bonus of up to £550 per term (£1,650 over the academic year) may be awarded.