A bursary is a type of funding that will enable you to further your studies at a higher learning institution. Some bursaries are designed to help individuals while some are designed to provide educational assistance to specific groups.
The kind of degree programs that you can pursue can depend on the terms and conditions of the specific bursary. That said, there are available bursaries for students seeking to pursue a wide variety of careers. These include those in the fields of health and welfare, information technology, finance, engineering, and education among others.
Unlike a loan, a bursary doesn’t have to be paid back in monetary terms. However, some sponsors may require you to work for them after graduating.
Yes. After the bursary recipient graduates, some bursary sponsors may require them to work for their company or organisation for the same number of years that they received financial assistance.
Different bursaries may have different terms and conditions; however, typical requirements include the following:
The full extent of educational assistance bursaries provide may differ per sponsor. However, tuition fee coverage is a basic benefit. In some bursaries, registration, examination, and other miscellaneous fees may also be covered. Allowance for school supplies and living expenses may also be provided.