The Fasset bursary is administered by the Finance and Accounting Services Sector Education and Training Authority. This bursary programme aims to nurture different talents and facilitate access to quality education, which will help several students meet their academic goals and fulfil their career aspirations.
The Fasset Bursary eliminates the burden of tuition and living expenses while simultaneously cultivating an array of talented individuals critical to the growth and advancement of South Africa’s financial services industry. This bursary upholds the ideas of cooperation and fair opportunity, paving the way for a more equitable and successful society. In this article, lets us know about the Fasset Bursary, its requirements, how to apply for it and its closing date.
Table of Contents
What is Fasset Bursary?
The Fasset (Finance and Accounting Services Sector Education and Training Authority) Bursary is a financial aid programme aimed at supporting South African students pursuing education in finance, accounting, and related fields. The bursary is part of Fasset’s commitment to tackling skill shortages in these vital areas by giving those who deserve it with the support they require to complete their studies successfully. This project contributes to the development of a trained workforce that can satisfy the needs of the financial services industry.
Fields Covered by FASSET Bursary
Bursaries will be granted to unemployed students pursuing studies in the following fields:
| University and University of Technology Studies | TVET College Studies |
| Actuarial Sciences | Business Studies streams |
| Accounting Sciences | Information Technology (IT)-related qualifications |
| Auditing | – |
| Economic Management Sciences | – |
| Information Technology (IT)-related qualifications | – |
| Taxation | – |
Expenses Covered by Fasset Bursary
The Fasset Bursary includes a monthly allowance designed to cover living expenses such as: food, transport, and personal necessities. Bursaries will be awarded up to a capped amount, with a maximum of R100,000 for university and university of technology studies, and up to R40,000 for TVET college studies. This allowance ensures that students can focus on their studies without the financial strain of daily living costs.
The above information is subject to change as per the bursary provider. You can visit the official website of Fasset Bursary to get the exact information and details about the bursary. You can explore the Impact & Benefits of bursary.
Eligibility Requirement For Fasset Bursary
To be eligible for the Fasset Bursary, applicants must meet specific criteria, including:
- Applicants must be South African citizens with a valid South African ID.
- Applicants should be registered or intend to register at an accredited South African tertiary institution for undergraduate or postgraduate studies in finance, accounting, or related disciplines.
- Applicant’s total combined household income should be between R123,000 and R600,000 per annum
- Demonstrated academic excellence, typically shown through a minimum required academic average.
- Evidence of financial need, supported by household income documentation.
- Submission of required documents such as academic transcripts, proof of registration or acceptance, proof of household income, and a certified copy of the ID.
FASSET Bursary Field of Study
This bursary is designated for students enrolled in fields pertinent to the skills required by FASSET. For a complete list, please visit the official FASSET website. Presently, the bursary covers ten degree programs, including:
- Financial Markets Professionals
- Bookkeeping, Accounting Technicians and Clerks
- Internal Auditors and Risk Managers
- Actuaries and Statisticians
- Debt Collectors
- Marketing Professionals
- Economists
- Accounts and Auditors
- ICT Professionals
- Management Consultants
You can also read more about Accounting Bursaries
How to Apply Online for Fasset Bursary?
The Fasset Bursary online application process is straightforward and involves the following steps:
- Step 1: Visit the Fasset Website
- Step 2: Find the “Bursaries” or “Funding” section.
- Step 3: Fill out the application form with accurate personal, academic, and financial details.
- Step 4: Upload the application form and carefully attach the necessary supporting documents.
- Step 5:Review and Submit, always double-check all information and submit the application before the deadline.
Documents that are Required by the Fasset Bursary
- You must attach your ID document (certified copy) & remember it should not be older than 6 months)
- Attach the highest Qualification & Academic record (certified copy)
- Proof of registration and acceptance at an approved tertiary institution (stamped/signed)
- You also need to attach Parent’s or guardians ID documents (certified copies)
- Also attach parents or guardian’s proof of household income (latest payslips if employed, affidavit if unemployed, proof of pension or grant if applicable)
- Most importantly, you need to attach your proof of address
When is the Fasset Bursary Closing Date?
The closing date for the Fasset Bursary application varies each year, but this year, it was 15 February 2024 (at 23:59 midnight). Applicants should visit the official Fasset website or contact the bursary office for the most accurate and up-to-date information.
FASSET Bursary Contact Detail
Further, if you want to gain more information about the Fasset Bursary online, you can contact them:
- Email: bursaryfunding@fasset.org.za / fassetcallcentre@fasset.org.za
- Phone: 011 476 8570
Conclusion
The Fasset Bursary is an important programme that provides complete financial help to South African students studying finance and accounting. The bursary, which covers tuition, study materials, housing, and a monthly allowance, relieves students’ financial burdens and allows them to concentrate on academic success.
This bursary programme enables people from varied backgrounds to overcome economic barriers and achieve their educational aspirations. As beneficiaries begin their academic careers, they become part of a bigger movement that influences the direction of the country’s financial landscape. The Fasset Bursaries’ influence extends beyond individual success stories, helping to build a competent & talented staff that promotes innovation and economic growth and enhances society. With a dedication to quality and a vision for a bright future, the Fasset Bursary continues to motivate and assist aspiring professionals.
About to take your first step towards bursary application? Regenesys is here to provide you with the course quotation to assist you in beginning your journey for the bursary. Besides, our career counsellor will offer you guidance to help you navigate the bursary application process. Connect With Us Now!
Fasset Bursary 2024 – FAQ’s
What is the FASSET outstanding bursary?
The FASSET Bursary is a monetary award created to minimise the stress caused by existing student debt from previously completed studies and qualifications. It is valued at a maximum of R40 000 per learner.
What does the full form of FASSET stand for?
The full form of FASSET is Finance and Accounting Services Sector Education and Training Authority.
What are the two common disadvantages of bursaries?
The two common disadvantages of bursaries are that some bursaries only pay a fraction of the study costs. You will have to pay the rest fees. Certain bursaries will specify how you are expected to use the funds that are provided to you.
Do bursaries give pocket money?
A bursary represents academic funding that covers all study-related expenditures, including study materials, tuition, housing, and, in certain cases, pocket money for everyday needs. It is provided based on financial necessity and/or excellent academic performance.
How do I apply for the FASSET bursary?
FASSET bursary applications are open on an annual basis. You must complete the online application form on the FASSET website, including academic records, proof of registration, income information, and other supporting papers.
