5% of Your Post-16 Bursary Fund Can Be Spent on Admin Costs

by | Nov 8, 2022

The Education and Skills Funding Agency (ESFA) has outlined its 2022/23 academic year guidance for schools managing 16 to 19 bursary funds. Contained within this guidance is the advice that schools can use up to 5% of their academic year’s allocation on administrative costs so long as they specifically relate to managing the 16 to 19 Bursary Fund.

If a school receives a 16 to 19 Bursary Fund and a free meals allocation, they are permitted to use up to 5% of the combined allocation for administration. The sum used towards the administration of the fund must not exceed 5% of the total fund allocated.

Applicaa’s Bursary16+ software manages the post-16 bursary fund online including student requests for expenditure. The platform was devised by former Sixth Form Manager, Amanda Grainger who previously managed the post-16 bursary fund across several schools, and is now Customer Success Director for Applicaa. Her first-hand experience in this work means we are completely confident our platform meets all the needs of school staff and solves the admin issues created by trying to manage the fund with a manual process.

With Bursary16+, schools are able to streamline their bursary fund management, create an easy and confidential process for students and ensure that they meet the ESFA’s audit guidelines.

“The bursary system has been invaluable in managing bursary applications and confidential evidence” Michelle Burke, Solihull Sixth Form College

To learn more about this important topic and to ensure that your school meets the audit requirements, please attend one of our weekly webinars this term on Bursary16+. We will be sharing more information on this topic and how you can ensure your school meets all of these requirements.

The Full ESFA Guidance

The full advice can be read HERE

Please join our weekly webinars to learn more by clicking this link.

Lucy Brook

Lucy Brook

Hello, my name is Lucy, I look after marketing and operations for Applicaa and have worked in education sector marketing since 2012. I have three senior school-age children and have experienced the application process to a variety of different schools over the years including in the UK and the USA and across different stages from nursery to sixth form and different types of schools including state, grammar, and independent.

Explore the world’s most optimized school CRM for managing all things admissions. Trusted by more than 1000 schools and colleges around the world.

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