Types Of Bursaries & Scholarships
Education can be really expensive and sometimes not even affordable considering a certain career path you want to follow in South Africa. Bursaries and Scholarships can you help you further your education without paying anything.
Here we will break down step by step on what a bursary and scholarship are, give you frequent updates on the latest bursary and scholarships available all over the country, give you tips and tricks to acquiring them.
Study in the field and University of your dreams without the breaking your bank account or stress of financial issue to funding your education.
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Avoid the trouble of going driving from this place to that other place trying to find a bursary offers.You would never know is you don’t try so go on now, find and apply for bursary or scholarship that best fits your career path. You could be just the right candidate these finding organisations and companies are looking for.
What is a Bursary?
A bursary is a monetary value award granted to individuals or groups who cannot afford to pay full or any fees to further and grow their careers. In return for the bursary, the candidate after finishing their studies is legally bound to employed at the very institution that granted the bursary for the same time period of the bursary.This as you can tell is for helping to who are in hard times and less fortunate.
There are a great number of independent schools or institutions who are financially able to grant bursaries to students and help pay education fees. Usually these are subject to some form examination performances which determine whether the candidate’s academic performance gets him / her a bursary.
This refers to Family income research which done to assess if a candidate qualifies for a bursary grant regardless of academic grades. These form of bursary grants are usually. Applied for by the parents or guardian of a scholar where they submit a form to the bursar. This form usually includes giving details of financial status and if it meets the institution’s bursary policy, the bursary is then granted.
Full or Partial Bursaries.
In most cases academic institutions, do an annual assessment of the candidate’s academic performance and review the policy accordingly,this means does the bursary stand or terminated. From these assessments the institution can grant what is called full bursary to parents of students who are really impoverished and as the financial assessment scale goes up the the bursary monetary award lowers where in this case part of the finances for the student are paid by the parents. These
These type of bursaries are based on academic performances where generally the good performance of a student is recognised by institutions above students academic level for example if a student is still in high school and his or her performance is way beyond general standard then a University or College can offer a prize bursary to student as he prepares to further his or her education.
What is a Scholarship?
Scholarships is also a monetary award to a student further their education but unlike a bursary, the scholarship requires no repayment. Scholarships are also subject to a different number of criterias from which the value and purpose of the scholarship donations is determined.
In most universities and colleges a scholarship can be given as an academic ward or meeting certain qualifications of the scholarship policy. There some reasons reasons a scholarship can be offered to an individual, it could be because the student shows certain talent for example art or athletic ability or willness to follow a particular career path.
As you can see scholarships are not solely dependent on academics.
Types of Scholarships
Student specific – this is where a student qualifies for a scholarship based on gender, race, religion, family or medical history and other factors. Example of a student specific award can be scholarships for female students in the black race community to promote academic importance in a certain rural community. These are usually met with a criticisms of discrimination quality in them. Example of this would be the scholarships offers to female virgins by the mayor of eastern Kwazulu Natal.
Career specific – the name here says it all, these scholarships are awarded to students who aim to pursue a certain career path as their study field. An example would be a hospital offering a scholarship to students will to follow a career in nursing or and other medical institution.
College specific – there are college and universities who offer scholarships to very highly qualified students and usually bound by very strict qualification requirements.
Merit based – excellence in a certain ability of students in maybe art,academics, athletics among other things can have organisations, college and University institutions offer a scholarships to recognise their ability.
Bursary and Scholarship basic guide to a successful Application
- Fill in the Application form as complete as possible without leaving any requirements on the form out because your application goes through serious assessment.
- Study the scholarship or bursary policy well get some help if you finding it hard to understand.
- In time submission of you application in really important. Most institutions don’t even consider looking at delayed applications.
- When asked to draft a budget on how much you will need for your essentials,be as realistic as possible
- Push as much as possible to get the results academically
- Remember, you have to apply for as many bursaries or scholarships as possible, this gives you a great chance for one being successful.
Below is a list of Bursary and Scholarship links to help you find the right career path you want.
We have a list of Classified Bursary and Scholarship Programmes
Frequently Asked Questions
Eligibility for a scholarship or bursary?
- Anybody can apply for a bursary or scholarship, there are a huge number of criterias in consideration.
- Bursaries are awarded to student of all backgrounds, race, religion and disciplines. It’s just a matter of finding the one criteria that you that you fit under.
- Some students who partake in social and community activities are recognised for their extra curricular activities and awarded with scholarships / bursaries.
- A special talent, hobby ethnic background and family situation can meet qualification standards
What grades make me eligible for a scholarship or bursary?
- This is usually determined by the standards which the administrator of the bursary or scholarship have set, if one maintains the grades set then it can be granted.
Which universities or colleges can I apply to?
- You don’t need any invitation from any institution to apply for a bursary,
- some are offered to student with certain grades only upon enrolment.
Which is the best form of research to I use?
- Best first move you can make is ask your institution guidance counsellor or whoever knows best about scholarship or bursary opportunities. Then you can move on to other ways of research online as you search through Bursary and Scholarship SA.
This another alternative of funding further education for a student. It involve taking a student loan from a bank and can be used to pay for tuition fees, study material for example books, laptop, accommodation and other apparatus.
Campus accommodation is also covered in a student loan plan but usually offered to full time student not living with parents.
Eligibility for a student loan.
If have missed the bursary or scholarship deadlines or failed applications but really need funding then a student loan would be your next choice.
What documentation do you need?
- In most cases a new application is subject financial assessment of the person obliged to pay for the student loan, which determines the amount of you get for the loan.
- Identification of both parents and student
- Proof of residence
- Student proof of enrolment in an educational institution.
- Bank statements are also a requirement in the application process.
How it all work?
When a student loan is approved, money will be paid directly to the student’s educational institution to cover tuition fees. Whatever balance is left it will then be transferred to the student’s transaction account that would cover other necessities.
An insurance cover for the student loan is usually recommended in the event of death, disability or other life circumstances.
In most cases, student loans granted on a year to year basis and can be reviewed for renewal annually.
When is repayment for the student loan expected?
Payment for a full time student is usually due after the study period has passed. Monthly payments would also include interest
Failure to complete studies would mean you start repaying with immediate effect.
Below are links to the Student Loan finance specialists.
First National Bank