The Governors of The Peterborough School are committed to broadening access to the school by offering to eligible parents/guardians means-tested financial support with the payment of schools fees. Such support is known as a bursary, and may be awarded in the form of a discount on tuition fees payable, depending on the financial, compassionate or other pertinent circumstances of applicants. The award of a bursary is by exception. Bursary awards are subject to repeat testing of parental means each year and may be varied upwards or downwards, depending on parental circumstances. Awards are made on the basis of a confidential scale of awards which sets out award levels in relation to a family's financial circumstances (e.g. their savings, investments and realisable assets as well as their income, the size of their family, any other persons dependent upon them and like factors). The scale of awards is reviewed and revised annually by the School to reflect any changes in fee costs and is approved by the Governors. Where a Bursary is awarded, it is done so on the criterion that a child will remain in the School until the end of the Upper Sixth, subject to satisfactory educational progress.