What is bursary money?
A bursary is a monetary award made by any educational institution or funding authority to individuals or groups. It is usually awarded to enable a student to attend school, university or college when they might not be able to, otherwise. Some awards are aimed at encouraging specific groups or individuals into study.
Is a bursary free money?
Fortunately there are extra sources of financial support available in the form of scholarships, bursaries, and grants – we explain the differences between these below. Unlike student loans, you don’t have to pay these back – they’re essentially free money.
How do bursaries work?
A bursary is basically a study program that is financially aided for by someone else or a company. This means that funds are made available by a company for a student who wants to study further and who qualifies can do so but moreover need the financial assistance to do this.
Do I have to pay back a bursary?
The money doesn’t need to be paid back. Bursaries are usually awarded to students based on their personal circumstances or if they come from a low-income family. To be eligible, students must meet the criteria.
How often is a bursary paid?
When is pay day? Pay day for bursaries is normally the 7th of each month, unless this falls at a weekend in which case it is the preceding Friday. There is sometimes a supplementary payment run in the middle of the month, to pick up transactions which have missed the main run.
What can you spend bursary money on?
A bursary is money that you, or your education or training provider, can use to pay for things like:
- clothing, books and other equipment for your course.
- transport and lunch on days you study or train.
Who qualifies bursary?
General bursaries are typically funded by government and are awarded to individuals regardless of their subject or career choice. Career specific bursaries will only allow students who are pursuing a higher education in a particular field or profession to qualify for funding.
Is bursary a loan?
The difference between a loan and a bursary is that a loan has to be paid back whilst a bursary is non-repayable.
How much money do you get from a college bursary?
How much will you receive and when? The amount awarded is dependent on assessment of need and available funds. Payments will be made in 5 half-termly instalments. TOTAL: Up to £1200 per year which will be paid in 5 half termly instalments.
How do you use bursary in a sentence?
A student nurse can get a sizeable bursary to study for a degree. A bursary from the university helped her to buy two pricey law textbooks.
What does bursary mean?
A bursary is an office for a bursar and his or her staff in a college or school. In modern English usage, however, the term has become synonymous with monetary awards made by some institutions to individuals or groups of people who cannot afford to pay full fees. According to the Good Schools Guide, a bursary is “usually for helping out the impoverished but deserving and those fallen on hard times.”.
What is the plural of bursary?
The plural form of bursary is bursaries.
What is a student bursary?
Bursary. The first is a means-tested bursary which is available for all students whose parents earn under a threshold value per annum. It is often given out using a sliding scale, with people at the lowest end of the scale receiving a full bursary and the monetary award decreasing in value with proportion to the parental earnings.
