DIFFERENCES BETWEEN SCHOLARSHIPS, GRANTS & BURSARIES

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DIFFERENCES BETWEEN SCHOLARSHIPS, GRANTS & BURSARIES

The terms Scholarships, Grants and Bursaries have been confusing some individuals especially applicants who apply for them at various institutions. Guidelines have been made to differentiate these terms.

In general, there are three ways in which students can receive financial support when pursuing tertiary education, either locally or abroad. Scholarships, grants and bursaries offer some form of financial assistance for students who need it or for those who apply (and subsequently qualify) for it.

These three terms Scholarships, Grants and Bursaries are different, below are their explanations and how to apply for them:

SCHOLARSHIPS

Scholarships are awarded based on excellence- these could be academic, sporting or other talents. The award usually consists of a reduction in a student’s overall tuition fees or extra money to help with living expenses and can be awarded to a fantastic rugby player or a talented dancer. Most universities will have their preference for the kind of scholarships that they offer. For example, a university with a strong sports team would rather offer a scholarship to a sportsman than to someone with straight As in Physics. The reverse would be true if a university has a solid academic track record, they would definitely be offering their scholarships to students with good academic results. In general, most, if not all universities would have a scholarship based solely on academic merit, this is to tempt students with exceptional grades to come to study in their university. If you have excellent grades, then you’ll get the pick of the lot!

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13 Jun 2018 17:00 PM
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