Studying abroad can sometimes be difficult for academically excellent students due to the financial costs. Applying for bursaries can help students cover the financial costs and pursue their studies in their dream university. A bursary is simply defined as a financial award bestowed upon a candidate to help pay for their college tuition. It is a type of scholarship where students are given financial awards if they meet specific financial criteria. Here is everything you need to know about bursaries and how you can apply for them!
What are Bursaries?
Bursaries are a type of non-repayable financial award offered to students who require financial support to complete their higher education. They may provide funds to students that cover the tuition costs for the entire course or provide a fixed sum of money. Bursaries are mainly need-based monetary awards and are offered on the basis of which student needs the most support like students from low household income, background or personal circumstances. A bursary sometimes also covers living costs and is usually funded by universities, colleges, specific departments within the universities, government or institutions.
Eligibility Requirements for a Bursary
Each bursary has different eligibility requirements as specified by the college, university, institution, or government. Bursaries can be meant for certain groups of people like special needs students, women, students pursuing a particular course, students from a particular ethnicity or culture or country, etc. While applying, students are also required to disclose their financial standing which helps the selection committee to choose which person requires the monetary help the most.
How to Apply for a Bursary?
Here are easy 5 steps to remember when applying for a bursary:
Step 1: Visit all the websites of universities
The first step is to select the course and choose the universities you are applying to. Calculate the tuition costs and total cost of living abroad and whether or not you can afford it.
Step 2: Search for Bursaries
Almost all universities offer financial aid to their students. Check the universities’ websites for the bursaries they are offering. Check whether there are bursaries offered by the government or any other institutions. You can also take the help of our experts at Leverage Edu and we will help you find the best suitable option for you.
Step 3: Check the Eligibility Requirements
Now, each bursary has different eligibility requirements and different benefits offered. Read the requirements carefully and select the ones you are eligible for. You can apply to any number of bursaries.
Step 4: Prepare for the Application Requirements
Prepare your documents and applications for applying. Check the deadlines and be prepared. It important to not miss deadlines and check all the requirements before starting the process.
Step 4: Apply and hope for the best!
With your documents ready, submit your application before the deadline and wait for the bursary committee to make a decision. Note that you can apply to several bursaries, however, in case you get offered more than one, there may be a condition that you can only accept one of those.
Universities that Offer Bursaries for International Students
- University of Birmingham, UK
- University of West London, UK
- Kingston University, UK
- University of Windsor, Canada
- University of Bristol, UK
- University of Derby, UK
- George Brown College, Canada
Disclaimer: This is not an exhaustive list, there are many universities and organizations that offer bursaries and scholarships based on financial need to thousands of students across the globe.
The main difference between a scholarship and a bursary is that scholarships are offered on the basis of academic performance and bursaries are offered to students who require financial support.
Check if you meet the eligibility requirements and submit an application which will be reviewed by the bursary committee. Keep in mind the deadline for applying. Prospective students, as well as continuing students, can apply.
Search the university’s website to which you are applying and look for scholarships and bursaries for which you’re eligible. You also download the Leverage App and get updates on the latest scholarships and student-friendly education loans.
Want to study abroad stress-free? Then call our Leverage Edu experts on 1800 527 000 and get the best information on scholarships, bursaries, and education loans for FREE!