To help aspiring students achieve their goals, many organisations have come forward to provide financial assistance or bursaries and opportunities to thrive. Standard Bank Bursary is one among these programmes. This Bursary is one of the biggest financial providers in South Africa. This bursary provides financial assistance for students pursuing undergraduate and postgraduate programmes.
In this article, let us learn in detail about the Standard Bank Bursary, its allowances, eligibility requirements, application process and more.
What is Standard Bank Bursary?
Established in 1862, Standard Bank is one of the leading financial services providers in South Africa. With its headquarters in Johannesburg, Standard Bank operates in 20 other African countries and is one of the leading lenders in Africa by assets.
Standard Bank Bursary is a financial support programme the Standard Bank Group developed to help students overcome financial barriers to continuing their studies. This programme mainly provides funding assistance for both undergraduate and postgraduate programmes.
Standard Bank provides bursaries awarded for undergraduate and postgraduate programmes within the following domains:
- Statistics
- Sociology
- Commerce
- Economics
- Psychology
- Agriculture
- Engineering
- Mathematics
- Neuroscience
- Data Science
- Actuarial Science
- Analytics Science
- Business Science
- Computer Science
- Information Science
- Behavioural Finance
- Financial Technology
- Behavioural Economics
- Information Technology.
What does Standard Bank Bursary cover?
Similar to all other bursaries, funding assistance provided by the Standard Bank also provides complete assistance in the applicant’s education expenses. These allowances include:
- Accommodation,
- Medical expenses,
- Complete tuition fees,
- Laptop and other devices,
- Textbooks and other study materials
- Food and travel allowances and other living expenses.
Eligibility Requirements for Standard Bank Bursary
The eligibility requirements for bursaries usually vary depending on the type of bursary provider. Usually, bursaries are awarded based on academic excellence and low-income family background students.
The essential requirements for applying for this bursary include:
- Applicants should be South African citizens,
- Applicants must meet the entry requirements of the University,
- Applicants should be in their second year of undergraduate or postgraduate studies,
- Applicants should have achieved an average of 65% and above in the latest examinations,
- Applicants must be enroled in full-time undergraduate or postgraduate studies,
- Applicants must participate in a formal assessment process that includes a psychometric evaluation and interview.
Along with these eligibility criteria, financially deserving applicants will be considered.
These were some general eligibility criteria required for this bursary. The Standard Bank Group Bursary Fund is specifically designed for students who require funding for their second, third, and final years of undergraduate studies or for students pursuing postgraduate studies.
Steps-by-Step Guide For Standard Bank Bursary Online Application
This bursary offers a quick and easy application process. All you have to do is ensure that you provide accurate information and documents before the deadline.
Here is the detailed information to help individuals navigate the Standard Bank Bursary application process with ease:
- Visit the official website of Standard Bank Group.
- If you are logging in for the first time, register by providing all your personal information as required. This will give you access to the online application form.
- Select the required bursary for the year 2024 in the navigation menu and click on the Apply Online menu.
- Complete the application form and submit your application along with all the supporting documents.
Some of these supporting documents are:
- Applicant’s ID proof,
- A proof of residence,
- A certified copy of all academic records,
- Proof of household income – latest payslips or employment letter.
- If you are shortlisted, you will receive a confirmation email from the Standard Bank group regarding your application status. Thus, keep checking your mailbox for confirmation.
Suppose an applicant gets through the first stage of the application process. In that case, an applicant need to appear for the formal assessment procedure, including the psychometric evaluation and an interview. Financial requirement is also considered in this application process.
What is the Standard Bank Bursary’s Closing date for Applications?
The closing date for Standard Bank Bursary application for the academic year 2024 is usually around the end of September. Therefore, this year, the closing date for submitting the bursary application is 30 September 2024. If you are looking to pursue your undergraduate or postgraduate education for the current academic year, check for the official website to gain more updates on the dates and other information.
Applicants must also submit their applications before the deadline to avoid the possibility of rejection. Thus, always confirm and submit your applications before the closing date to get your application considered.
Conclusion
The Standard Bank Group is a leading financial provider in South Africa. This Bursary programme aims to promote academic excellence and shape the next generation of African talent and leaders.
The Standard Bank Group, South Africa, provides funds specific to students seeking funding for their second, third, and final years of undergraduate and postgraduate studies. Applicants applying for this bursary should have an excellent academic record with a minimum of 65% aggregate and must be enroled in full-time studies.
About to take your first step towards bursary application? Regenesys is here to provide you with the programme quotation to assist you in the beginning of your journey for the bursary. Besides, our career counsellors will offer you guidance to help you navigate the bursary application process.
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Frequently Asked Questions: Standard Bank Bursary 2024.
Who can apply for this Bursary?
This bursary applies to all South African citizens interested in pursuing their undergraduate and postgraduate programmes.
When should you apply for Standard Bank Bursary 2024?
Applications are now open for this Bursary Programme 2024 for interested and qualified undergraduate and postgraduate African students.
Is there any monthly stipend provided by this Bursary?
Yes. This bursary provides a monthly stipend for other living costs.
What is the closing date for submitting application forms?
The closing date for submitting application forms for the year 2024 is September 30, 2024.
Is this bursary available for postgraduate programmes?
Yes. Standard Bank Bursary is available for both undergraduate and postgraduate programmes.
