Financing your Education – Continued

“Timing, perseverance, and 10 years of trying will make you look like an overnight success”. – Biz Stone

Graduates Stock photos by Vecteezy

There are a host of funding opportunities universities offer to students, however many never realise the options available to them. We want to make sure you don’t miss out! Whether it comes in the form of scholarships, bursaries or grants, make sure you can access the funding tools you need…

Scholarships

Scholarships are offered by universities to students who they want to join their university. For example, this could be for those who are doing well in school, or those who have good sporting backgrounds. The funding ranges from covering the costs of school books, to sometimes covering all university fees!

Bursaries

Bursaries are “free money” paid from universities to students. They do not need to be paid back, since they are given to students who may come from low-income households, or those on specific courses which may require extra funding.

Grants

By comparison, grants are similar to bursaries as they do not need to be paid back. For example, grants can be issued to help students pay for new computers, or a hardship fund to help sustain living costs at university.

Here are our top tips to ensure you can make the most of the available student finance tools. Apply early to beat the queue, check for “strings attached” with the various funding options, and finally, practice managing your own money so that you’re well prepared to face university life!

Key Terms:

Scholarship – Offer from university to student who is a high achiever, for example strong athlete or similar.

Bursary – A sum of money given to certain students who require extra funding, for example students with low household income.

Grant – Similar to a bursary, but the money tends to be given for specific needs, such as technology, or studying abroad.

More posts like this one…