We had not been aware of this difference until the school published examples on it's website.
The following is the response we received from the school yesterday when I asked why there was such a significant difference in their example versus our award (£4000)
Dear Mr Cuenca
Thank you for your email of 14 June 2013. Firstly, let me clarify that the Bursary examples presented on our website are for prospective parents and are therefore based on the assessment procedures and contribution scales applicable to those applicants.
Your son was awarded a bursary commencing at the start of Michaelmas Term 2007 following an assessment of your financial circumstances in accordance with the School's assessment procedure current at the time. That award was adjusted in 2008 when all bursary awards were revised to take account of pension contributions. Since then, the School has continued to carry out annual assessments following that procedure.
The decision to move to a revised assessment scheme for new parents (from 1 September 2012) was taken by the CH Foundation to reflect the changing pupil profile and was subsequently endorsed by the Council of Almoners. Periodic revision of existing fee schemes by schools, banks and utilities for new customers is standard business practice, as is the protection offered existing clients by the terms of their contract with that organisation.
The school does go to considerable length to ensure that our means-testing process is equitable for all of our bursary applicants and while we would like to be able to offer those of our families who are in need even more support than we do at present, we do not have the financial means to do so.
Your contract with the school is based on the earlier fee assessment scheme and therefore, the school will continue to assess Oliver’s fees on the original scheme. For reference your fee for 2013/14 is currently assessed at £XXX
Which means that new parents will pay substantially less than us as a result of the fee changes introduced in September 2012 for new entrants. This lasting for the entire term of their education.
I need to get a copy of the original contract, we don't seem to have a copy.
But the fees vary annually anyway according to whatever was earned in the previous tax year.
In essence, we are talking about a method of calculation that differs.
In addition, what is taken into account as a relevant deduction has changed since we started. i.e. they used to take into account pension contributions, and they now do not.
The starting maximum fee - the same for all academic years - when we began was £19000 (2006/7) - it is now £28200 so they have varied the calculation and the variable considerably, without notice since we started.
Have put a request in . Will return to you when received. Many thanks.