What is a bursary?
A bursary is a monetary award provided by an organisation to someone who is unable to fully fund their studies. In exchange for a bursary, the individual is generally employed at the organisation for the equal amount of time as the bursary.
Who can apply for a bursary?
Anyone can apply for a bursary. Generally speaking, the company offering the funds will require a parent of guardian to fill in some information regarding their current financial situation. You will hand this in with some motivational material to back your application and persuade the company as to why you should be offered the funds over the other applicants.
There are 2 variations of bursaries, provided by organisations and study institutions:
1) A means-tested bursary which evaluates whether an applicant or their family is allowed to receive government assistance. This bursary type is available for students of parents who earn below an annual threshold amount.
2) Scholarship/ Prize – this bursary type is performance-based and is usually awarded to students who receive high results in their exams prior to college/ university entrance. These bursaries are mainly awarded by the study institution/ by organisations.
How do I apply for a bursary?
3 easy steps:
1) Compare the options above. Fincheck has gathered information on some of the companies that offer bursaries in South Africa.
2) Read through the material provided by Fincheck on the company you choose. Make sure you meet the minimal requirements.
3) If you are happy with what you see and believe this is a company that you would like to work for after studies - then go right ahead and apply.