Complex sentence: The school is a private venture, and as such it charges tuition fees, and as by now, they do not provide financial support, or bursaries, and therefore the student tend to be from well-situated backgrounds.
Split into simpler sentences: The school is a private venture, and as such it charges tuition fees. As by now, they do not provide financial support, or bursaries, and therefore the student tend to be from well-situated backgrounds.