Renewal

The Parents/Guardians/Sponsor must apply annually for the renewal of the Scholarship - not later than the Closing Date for Scholarship Continuation.  

The academic and general progress of the Scholar will be considered, along with their disciplinary record, Parent/Guardian/Sponsor participation, and any other factors which were considered in the initial award of the Scholarship. 

Financial Requirements for Continuation

Parents are expected to furnish details of any material changes to the information supplied in the initial Financial Disclosure when the Scholarship was first awarded to the Scholar.

If there has been a change in financial circumstances or the Scholar is commencing a new stage of education (eg moving from Secondary to Tertiary) a fresh Financial Disclosure will be required. Should parental circumstances have changed significantly the proportion of fees they pay may be adjusted appropriately.

A condition of Continuation is the setting up and maintenance of an Education Fund for the Scholar, specifically, a bank account to be used for the costs of future education for the Scholar. It is also a condition of Continuation that a pre-payment of the parental/sponsor share of fees be made from the Education Fund bank account to the Scholar's school or university before the Closing Date of Beacon Scholarship Continuation Applications. A bank statement of the Education Fund bank account showing evidence of this pre-payment must be submitted as part of The Beacon Scholarship Continuation Application each year. 

Performance Evaluation 

The Beacon Equity Trust will review the progress of Beacon Scholars annually prior to renewal of the Scholarship. This review will take the form of an Evaluation of Performance including Target Sheets, School and University Reports, and Workshop Feedback.

 

The Beacon EquityTrust reserves the right to withdraw a Beacon Scholarship in the event of:

  1. Repeated failure by the Scholar to achieve key leadership and performance targets; or
  2. Improvement in parents’/guardians’/sponsors’ financial circumstances so that they can comfortably afford to pay for the Scholar’s full education costs; or
  3. Failure to supply a bank statement of the Education Account showing evidence of pre-payment of fees; or
  4. Failure of parents/guardians/sponsors to honour the terms of The Beacon Scholarship or undertakings in the Award Acceptance Form.


pdfDownload Policy Guidelines for The Beacon Scholarship for Schools

pdfDownload Policy Guidelines for The Beacon Scholarship for University


docDownload Beacon Scholarship Continuation Application Form


xlsDownload Financial Disclosure - Scholarship Continuation