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WHAT IS A BURSARY?
According to Wikipedia, A bursary is a monetary award made by an institution to individuals or groups of people who cannot afford to pay full fees. In return for the bursary, the individual is usually obligated to be employed at the institution for the duration as the bursary. According to The Good Schools Guide, a bursary is “usually for helping out the impoverished but deserving and those fallen on hard times.
According to The Hobsons UK Boarding Schools Guide, numerous independent schools have bursary capability, namely grants from the school to help pay education fees. These are usually awarded after a “means test” of family income and are not necessarily dependent on examination performance, although some account of academic ability will be taken. Bursaries may be awarded in addition to scholarships where financial need is demonstrated and the prospective student would otherwise be unable to enter the school.
To obtain such a bursary, it is customary for parents to 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. Most schools will review bursaries annually to ensure that the justification for an award remains. In Britain, any award made before GCSE will not necessarily continue to the A-level stage.
Bursaries are similar to “scholarships” or “prizes“, which are based on performance. These awards are generally given for good performance in the exams preceding university or college entrance in which the student achieves grades above the standard entry. These can be awarded by universities or, sometimes, by companies
THINGS TO KEEP IN MIND WHEN APPLYING FOR A BURSARY
A lot of students are usually confused when it comes to scholarship or bursary application. When they have answered the most difficult question of where to start, then the other process becomes seamlessly easy for them. Basically that’s why we have decided to include this post to enable you successfully apply for bursaries especially for this year to aid your academic cause. The following are those important things to note before applying for a bursary.
- Most bursaries will request for your Latest Academic Record duly signed from your school, your ID document, evidence of tertiary application, and most importantly an authentication that you were accepted. Similarly, some bursaries will require you to provide another proof of Guardians or parents’ source of income and residence. After successfully sorting out these documents, then your next step is to ensure you verify your documents. If you don’t know how to, simply visit any commissioner of oath at a post office, bank, or police station.
- Integrity they say is telling myself the truth while honesty is telling the truth to other people. Honesty is more than not lying. It is truth-telling, truth speaking, truth living, and truth loving. Therefore, you must ensure that whatever information you are providing is the truth and nothing but the truth. Fill all blank spaces with correct data. No legacy is so rich as honesty.
- A whole lot of students apply for bursaries without having any references at all and in other cases have references that can’t be reached. Most times this is the first step to not getting the bursary you have applied for. If you need the bursary you are applying for and you want it, then go ahead and find references with correct contact addresses.
- A lot of students also don’t have enough writing skills to win their desired bursary which can prove to be a stone in the neck in the long run. Therefore it is highly advisable that you write a highly convincing and motivational cover letter that will make anyone accessing it believe before he begins to even read it. Things such as why you think you should be awarded the bursary especially more than the other several thousand applying, how you can contribute to society when you have finished your program in school and especially how getting the bursary will be a stepping stone to achieving your dreams and changing your future for good.
- A lot of students apply for bursaries and go to sleep which is very bad. When you apply for any bursary, ensure you regularly and consistently check your Emails and your phone text messages to be sure you have not or have received a message from those assessing your application.
- Lastly, ensure you always check for bursary deadlines or closing dates so you can know exactly when to apply.
The Standard Bank of South Africa Limited, founded in 1862, is one of the biggest financial services groups in the country. However, Standard Bank as they are known today was only formed in the year 1962, under the name The Standard Bank of South Africa, as a subsidiary of the British overseas bank Standard Bank.
Headquartered in Johannesburg, Standard Bank not only operate in South Africa, but they also have operations in 20 other African countries. The company is the biggest lender in Africa by assets.
The bank is a leader in business and commercial banking within South Africa, with a wide range of financial solutions including Borrowing; Saving and Investing; Current Accounts; Electronic Banking; Cash and Liquidity Management; Fleet Management; Vehicle and Asset Finance.
FIELDS COVERED AND COVERAGE VALUE
The Standard Bank CSI bursary, administered by the StudyTrust, is for students who have shown leadership and academic potential. The bursary will provide full coverage of the following study-related expenses: tuition fees, prescribed books, study materials, transport, accommodation, meals, laptop computer, and a monthly stipend for living expenses.
Bursaries will be awarded to students who intend on undertaking their studies in one of the following fields:
- Actuarial Science
- Applied Mathematics
- Financial Mathematics
- Business Mathematics and Informatics
- Business Science
- Finance (B Com)
- Accounting (CA / Non-CA)
- Information Technology
- Information Systems (B Com)
- Investment Management
- Law (B Com/ LLB)
- Quantitative Finance
- Quantitative Risk Management
- Risk Management
- Software Development
- Supply Chain Management
- Aeronautical Engineering
- Agricultural Engineering
- Chemical Engineering
- Civil Engineering
- Computer Engineering
- Electrical Engineering
- Electronic Engineering
- Industrial Engineering
- Mechanical Engineering
- Mining Engineering
- Quantity Surveying
- Economics and Management
- Agricultural Science
- Computational and Applied Mathematics
- Computer Science
- Mathematics (BSc)
Applicants must satisfy the following minimum entry criteria before applying (please note that failure to satisfy all the requirements will lead to your application not being considered):
- South African citizen
- Currently in Matric
- Strong academic potential
- Strong leadership potential
- Will be in your first year of tertiary study within one of the aforementioned fields of study in 2019
- Preferably be studying at one of the following tertiary institutions: University of Cape Town, University of Stellenbosch, University of Johannesburg, University of Pretoria, University of the Witwatersrand, University of KwaZulu-Natal or Rhodes University.
- Achieved a minimum result of 60% for English HL OR 70% for English FAL in Matric
- Achieved a minimum result of 70% for Physical Science in Matric
- Achieved a minimum result of 75% for Mathematics in Matric
- Achieved a minimum overall average of 70% in Matric
- Proven financial need
- Parents/ guardians would NOT be able to afford your study fees
- NOT able to obtain a student loan through financial institutions (except for NSFAS)
- *Preference will be given to students from rural and township areas
HOW TO APPLY FOR THE BURSARY
Applications must be done in one of the following ways:
1) Online at: http://www.studietrust.co.za
2) By downloading and completing the Standard Bank CSI Studytrust Bursary Application Form (.pdf)
Submit clear copies of the following supporting documentation along with application form (the submission of these documents is compulsory – if any items are missing, your application be disregarded):
- ID document (certified copy of)
- Matric June results AND grade 11 final results, if currently in Matric (certified copy of)
- Matric certificate/ results, if completed Matric (certified copy of)
- Complete tertiary academic record, if at tertiary level (certified copy of)
- Proof of admission/ provisional admission to the institution you applied at, if not currently at tertiary level
- Curriculum Vitae
- Essay about your life (to be completed on the application form)
- 2 testimonials (1 from an educational official and 1 from a community or spiritual leader – to be completed on the application form)
- Parents/ guardians proof of income:
- if unemployed: sworn affidavits
- if employed: latest payslips (certified copies of)
- if self-employed: sworn affidavit declaring monthly income or latest audited financial statements (certified copies of)
- if deceased: death certificate or a sworn affidavit (certified copies of)
- if residing with your guardian while parents are alive: guardians latest payslips (certified copies of)
- if parents are divorced: divorce certificate (certified copy of)
- if parents are separated: a sworn statement from one parent confirming separation
Hardcopy applications must be submitted in one of the following ways:
1) Email: [email protected]
2) Fax: 086 538 1537
The National Director
Private Bag X16
(Applications submitted after this date will not be accepted – please apply before the closing date to ensure your application is considered.)
CONTACT THE BURSARY PROVIDER
For any queries related to this bursary programme, please contact Study Trust directly:
Contact Person: Mr. Themba Mdluli (Bursary Applications & Enquiries: The Applications Officer) / Mr. Sibusiso Lukhele (Bursary Administration & Support)
Tel: 011 403 1632
Email: [email protected]
Once you have submitted your application, you will receive confirmation that your application has been received. The final outcome of your application will be sent to you via email by no later than 31 December. Please only submit a query regarding your application status if you have not received any feedback by 15 January.
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