A bursary is strictly an office for a bursar and his or her staff in a school or college.

In modern English usage, the term has become synonymous with "bursary award", a monetary award made by an institution to an individual or a group to assist the development of their education.

According to The Hobsons UK Boarding Schools Guide, many independent schools have bursaries, which are grants from the school to help pay the fees. These are usually awarded after a ‘means test’ of family income and are not dependent on examination performance, although some account will be taken of academic ability. Bursaries may be awarded in addition to a scholarship where financial need is demonstrated and the child would otherwise be unable to enter the school.

To obtain a bursary, parents will usually be asked by the school’s bursar to fill in an application form, giving details of their financial circumstances, supported by documentary evidence, including capital assets. The application will be considered by the school in accordance with its bursary policy. The award will often only remain in force until the pupil has sat the next relevant public examination; an award made before GCSE will not necessarily continue into A-level. Most schools will review bursaries annually to ensure that the justification for an award remains.

George Gideon Oliver Osborne,MP (born 23 May 1971 in Paddington, London) is a British Conservative politician. He is the Chancellor of the Exchequer of the United Kingdom, a role to which he was appointed in May 2010, and has been the Member of Parliament for Tatton since 2001.

Osborne is part of the old Anglo-Irish aristocracy, known in Ireland as the Ascendancy. He is the heir to the Osborne baronetcy (of Ballentaylor, in County Tipperary, and Ballylemon, in County Waterford).

He was educated at St Paul's School and Magdalen College, University of Oxford, before entering politics.

Osborne is the eldest of four sons. His father, Sir Peter Osborne, 17th Baronet, co-founded the firm of fabric and wallpapers designers Osborne & Little. His mother is Felicity Alexandra Loxton-Peacock, the daughter of artist Lady Clarisse Loxton Peacock.

Originally named Gideon Oliver, he changed his name to George when he was 13. In an interview in July 2005, Osborne said: "It was my small act of rebellion. I never liked it. When I finally told my mother she said, 'Nor do I'. So I decided to be George after my grandfather, who was a war hero. Life was easier as a George; it was a straightforward name."