This type of funding is primarily granted by individuals or organizations that have trusts or foundations a strong focus on education investment. The beneficiaries of the funding typically awarded based on academic strength and financial need but other factors might also be considered depending on the objectives of the trust or foundation. The sponsorship award could for such funding could also be granted in a form of a scholarship.
Scholarships differ from bursaries in that there is usually no contractual obligations between the student and the sponsor organization. They are usually from Trusts that have been set up by private individuals, families, or companies: to fund students who usually come from financially disadvantaged backgrounds/families with high academic performance.
Since this type of funding doesn’t usually no contractual obligations between the student and the sponsor organization the guidelines about legibility, scope, criteria and beneficiaries are outlined in a policy document. Such a policy document would serve as a strict guideline which is reviewed annually by the funders of the trust or foundation.
Scholarships or Bursaries that are administered by Career Wise in the category of funding are guided by collaboration with trustees of the sponsoring foundation or trust.
Requirements for the bursary or even scholarship may include:
- A minimum overall grade point average e.g. 60%.
- Community engagement or involvement reach academic year.
- Society involvement during the course of studies.
Applicants are encouraged to navigate our adverts page to see which scholarships are available for the current and upcoming academic year. Each advert gives clear guidelines about the specific qualification criteria and which promotional code to use in the bursary application profile which can be created on the Career Wise Application Tracking System.