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What is a bursary and how does it work?

I’m asking a very important question that many teenagers would like to get an answer to—what is a bursary? Are they something like a scholarship? Or do they resemble loans? Are there various bursary forms or types? All these questions circle my mind on a daily basis. I’ve tried to search them online, but the huge piles of information only confuse me.

After researching a student hardship fund for weeks, I’m not sure that the Internet is as all-knowing as I’ve thought.

I’m interested in student grants UK and know that bursaries have something to do with them.

Naomi Doyle

in Student Loans

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Ross Pratt on April 13, 2018

So, what are bursaries? This is a kind of student financial aid that is most similar to scholarships. Fortunately, they don’t have to be repaid. Most often, bursaries are issued based on personal circumstances, specifically the financial situation. While theoretically there is a difference between these two types of aid, many people and universities use them interchangeably. To know what you are looking at, you have to read the agreement and its specifics.

Each establishment has its own rules of application, eligibility, and terms. You should consult the support services of each place to find more about each offer. Bursary form and size also differ from place to place. Usually, they depend on the type of courses you are going to attend.

University bursaries for low income families is the only chance of some people to finish university. I think that this opportunity cannot be missed.  Disadvantaged bursaries encourage people from various backgrounds to pursue their dreams regardless of their financial situations.

Various philanthropists and trusts also offer bursaries for carrying out a particular research or simply help students in need. Though they may be a little harder to get, they are usually high-quality and cover a large part of your tuition fees. Usually, you apply directly to a charity organization. Some of them will ask you to come for an interview to talk to you personally. It is important to be active and persistent as you may not get the first one you apply for.

The regular bursaries issued by colleges and universities are actually provided by the government. Among various kinds of aids, there are also bursaries for social work students. They are paid in two parts. The first one is a basic grant that estimates for about £3,300. The second one is known as a maintenance grant up about £2,700.

UK student grants and bursaries are varied and always mean the same thing. As always when you deal with any kind of money, you have to be careful and pay attention to small details. Fortunately, you don’t have to repay any of them, so, the mistakes cannot be too bad.

As that hardship student fund you have been searching for, here is a useful article about how it works, what it is in general, and any other stuff you need to know about it: https://www.allaboutcareers.com/careers-advice/student-finance/student-hardship-fund I hope this page will be of help to you.

Caleb Jenkins2 years ago

If you are looking for UK student grants, scholarships, or bursaries, I think that the following page can help you a lot: https://www.gov.uk/education/student-grants-bursaries-scholarships This is a list of the most notable programs that provide funding of various types. All of them are aimed at education. However, there are those plans that suit parents and families as well. Moreover, there are a couple of offers for students overseas.

Some extra money will be useful for everybody. However, not all people will get the chance to get any kind of aid due to tough competition. You are lucky if you get something you don’t have to repay.

In case you fail to get help, loans are your best option. I hope this Wikipedia information will help you make the right choice: https://en.wikipedia.org/wiki/Student_loans_in_the_United_Kingdom it is full of useful information on the options, interest rates, repayment schedules, and other topics.


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