Financing your studies can be such a mission and finding a bursary or scholarship can drive you up the wall. Before you start looking for bursaries, do you know what a bursary is? A bursary is a monetary contribution by an institution to further the applicant’s education. There are two types of bursaries: a student bursary and a company bursary.
Student bursary is provided to students who have either high academics or are considered to be in need of financial assistance. In the case of company bursaries, most companies expect the student to accept a position within the company once the student has qualified. In a sense the student would be working off the bursary. This relieves a lot of pressure from the student as there is a guarantee of a job after graduation. No doesn’t that sound great, walking out of varsity straight into a career in your field of study?
If you were to get hold of a scholarship you definitely hit the jackpot. A scholarship is different to a bursary mainly because there is no repayment or work involved with the acceptance of the financial aid. Both bursaries and scholarships are based on academic or extramural prestige and accomplishment and are provided by all major institutions.