A bursary is an award made to a student by an institution or a private funding organization. In return for receiving a bursary, the student agrees to meet certain obligations both during and after study. These obligations may be monetary in nature or pertain to participation in certain activities or events. Students often receive bursaries from their local government or from companies such as mining and finance corporations.
Explain Three Obligations Of Bursary
Bursaries are awarded to students who have financial needs. A bursary is an award made to a student by an institution or a private funding organization. The purpose of the award is to help with the costs associated with their studies, such as tuition fees and living expenses. Bursaries cannot be used for any other purpose and they must be repaid if they are used for something else.
Bursary recipients can only access their bursary funds once they have been accepted into a registered program at a post-secondary institution in Canada (either college or university) through one of three ways:
- Financial need
- Academic achievement (usually above average)
- Artistic ability
Students who receive a bursary agree to meet certain obligations both during and after study. The student is expected to:
- Complete the course or programme for which the bursary was granted in accordance with regulations governing such courses or programmes.
- Not drop out of that course or programme before completion thereof.
- If required, work at least five years in the field of study for which they were granted said bursary within ten years after completion thereof.
The obligations may be monetary in nature, or they may involve participation in certain activities or events. In other words, a student who receives a bursary from an organization must agree to work for that organization for a certain amount of time (a type of service requirement). The terms of this arrangement are negotiated between the student and their sponsoring organization.
Students often receive bursaries from their local government or from companies such as mining and finance corporations.
The bursary is a way for the company to help the student financially, so that they can focus on their education first. The company may also use this opportunity to motivate students who are interested in a career in their industry, as well as helping those who might be struggling financially with their studies.
You are responsible for ensuring that the student you intend to sponsor is aware of their obligation, including providing evidence of compliance.
A student’s right to receive a bursary is dependent upon them meeting certain conditions at the time of application and during their studies at UWC South Africa. These include:
- A minimum admission average of 70% (for academic tracks) or 75% (for art & design programmes).
- A passing grade in English at matriculation level, unless otherwise stated by your department. Applicants from countries where English is not an official language may be exempted from this requirement, if they present proof that they have attended an educational institution where the language was taught for at least five years prior to applying for admission into higher education institutions in other countries.
In conclusion, bursaries are a great way to make education more accessible and affordable. They help students cover tuition fees and other expenses while they are studying at an institution of higher learning. Students can also use these funds to pay for living costs such as food or rent.