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What is a student bursary?

These days, I’m constantly calculating the cost of studying and my estimates are not great at all. I don’t know how I can make it through these following years —tuition is so expensive these days and my family has very little money. I’m looking for good advice here on what can help student funding. I’ve heard about the education bursaries and that they can help me with my situation. I don’t exactly know how a student bursary works and would like to learn about this method some more. I was pondering about student loans, but how exactly is it different from a college bursary? Are they the same thing?

Frank Nichols

in Student Loans

1 answer

1 answer

Melissa Norris on February 8, 2018

That’s a really good question you have here. I remember when going to college myself, I had so many worries and so little time to figure everything out. Fortunately, there are always people who are eager to help you.

So, let’s look at your question. You’ve asked whether student bursaries were the same thing as loans. Actually, they are exactly the opposite. When you take a loan, you borrow the money. A bursary for students is provided by the private companies or government and don’t have to be repaid. It’s basically a scholarship for the free education. They also work similar to grants. There are many programs for school students, postgraduates, etc.

Unfortunately, college bursaries are hard to get. In addition, there is no unified source where you can find all available offers. You have to ask the specific university for the information. Mostly, bursaries are provided to people with low-income and are dependent on it. However, some of them are based on other grounds. The most popular in the U.S. are sports scholarships. This is really a great chance for the students who are focused on sports in high school and want to continue doing so in college. Another popular kind of an education bursary is based on excellence. Top students have great chances to continue their education with a scholarship. There are also offers for international students.

When looking for a scholarship, start by asking your careers department at school. They always know what offers are available nearby and whether you qualify for them. Browse the website of the university you’ve chosen. There should be some schemes to apply for. Remember, do it beforehand – it’s not easy to find the right option that suits you. In addition, there is no guarantee you’ll get it. When you decide to apply for a bursary, remember to study the offer very carefully. There are small scholarships and there are the big ones that cover the most of your tuition.

Finally, learn whether the university provides free waivers that give you a discount on the cost of the tuition. They may be not as effective as bursaries, but, at least, they somewhat reduce the total sum of money you’ll spend.

Looking for decent funding for students may take a lot of time and efforts. You should start beforehand and look through all available options. That’s my advice for you.

Wilson Hansen2 years ago

There is a piece of advice I want to add to the list; it may help you a lot in getting a scholarship. Instead of choosing the cheap local universities where you have a small chance to get a degree, don’t be afraid to pay attention to the elite universities you haven’t even thought about. The case is that those small establishments already have many low-income students and are willing to spend little money. The prestigious ones, on the contrary, have few students with financial problems and are ready to cover a great part of their tuition. This is an educational paradox in our country – families with the same income can get bursaries of various scales depending on the university they enroll into. Initially, I’ve had my doubts about the fact as well.  Don’t be afraid of the “big sharks,” they may help you a lot.

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