Bursaries are financial assistance offered by many institutes, universities, NGOs, and other government organisations to students to help them with their higher education. Many bursaries are available and are meant only for students from low-income households who cannot afford their education expenses.
Students from low-income families face financial challenges, making higher education seem out of reach. Bursaries can help students gain access to their higher education. One popular bursary provider that offers financial assistance to students who need it is the Industrial Development Corporation—IDC Bursary.
In this article, we will discuss the IDC bursary, the different types of IDC bursaries, the essential requirements, the application process and the allowances provided by the IDC Bursary 2024.
What is IDC Bursary 2024?
Industrial Development Corporation, or IDC Bursary, is one of the leading bursary providers in South Africa. Established in 1940, it is owned by the government and supervised by the Economic Development Department.
This Bursary was formed to elevate economic growth and industrial expansion and contribute to sustainable employment within the country and other parts of Africa. Students can apply for funds to the IDC Bursary and enjoy the benefits of higher education.
IDC Bursary Allowances
Industrial Development Corporation – IDC Bursary has been working for decades to assist students in reaching their academic goals by pursuing their higher studies without paying a single penny. The monthly allowance provided by this bursary includes the following:
- Tuition Fees,
- Accommodation and Food Expenses,
- Textbooks, Study Materials and Laptops,
- Other Allowances include uniforms, specialised tools, stationery essentials, educational kits, and more.
Accordingly, the IDC bursary 2024 helps students meet their needs by providing financial support and covering these costs. This bursary can assist with any outstanding balances related to all education expenses.
IDC Bursary Requirements
IDC Bursary has organised a system that provides financial assistance for financially challenged individuals who earn less than the median income.
Some of the eligibility criteria required for applying for IDC Bursary 2024 include:
- An applicant should be a South African citizen,
- Applicant should be 16 to 25 years old by 2024,
- Applicant must have completed his/her matrics with an average of 75% marks,
- Applicant must be enroled in higher education at South Africa’s institutes or universities.
The essential documents or the key requirements to apply for funds include:
- Applicant’s recent ID proof,
- Applicant’s South African residence proof,
- Matric passed certificate
- 2023’s academic records- mid-year or first semester results or the latest results.
- Proof of household income:
- Pay slips for the last three months if employed.
- Bank statement for the last three months if employed.
- SASSA Letter stating the grants received if applicable.
- Death certificates are required if the parent(s) are deceased.
- A divorce certificate is required if parents are divorced or separated.
Steps For IDC Bursary Online Application
The procedure for applying for the IDC Bursary 2024 is straightforward. Listed below are the steps to follow while applying for an online bursary for 2024.
Before starting the application process, collect all the essential documents and arrange them in sequential order.
Step 1 : Visit the IDC Bursary Website
The first and most important step is to visit the Industrial Development Corporation Bursary website and register, providing all your personal information as required. This will give you access to the online application form.
Step 2 : Complete the online application
The next step is to check for the online application form, read all the information carefully, and then fill out the form with accurate information.
Step 3 : Submit all the essential documents
Once the application form is completed, upload all the supporting documents in a sequence as per the IDC Bursary guidelines. Remember to recheck all the documents and review the application form before submitting it, as any single error or missing information can cause disqualification.
Step 4 : Complete the Process.
Once you have uploaded all the documents and reviewed the application form, click the submit button to complete the process. Then, download the consent form.
Step 5 : Keep track of your Application
The last and most important step is regular follow-up. Once you submit your application, you will receive a confirmation email from the IDC Bursary Committee regarding your application status. Thus, keep checking your mailbox for confirmation.
These are simple steps that applicants need to follow carefully while applying for the bursary. Always seek help from mentors, peers, or seniors while completing the application form. The IDC bursary closing date for 2024 is September 31st. Make sure to submit your application before the closing date to avoid last-minute rejection or disqualification.
Applicants can visit the official website of the IDC Bursary for any queries regarding this bursary programme.
Conclusion
Industrial Development Corporation – IDC Bursary is owned by the government of South Africa and is under the supervision of the Economic Development Department functions by providing funds for all eligible students. This bursary was established with the primary objective of providing a valuable opportunity for all financially challenged students in South Africa to continue their higher education and achieve their academic and professional goals. Thus, by following these essential steps and the key requirements, students can maximise their chances of securing financial support from the Industrial Development Corporation – IDC Bursary.
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: Industrial Development Corporation Bursary.
What will be the IDC Bursary closing date for 2024?
The closing date for the applications is the 30th of September, 2024. Please note that these dates are subject to change, so checking the official website for updates is advisable.
Is IDC Bursary 2024 available for undergraduate programmes?
Yes, the Bursary will be awarded to all undergraduate students pursuing a degree in any domain in South Africa.
How to contact the IDC Bursary provider?
Applicants can directly visit the official website of the Industrial Development Corporation for any queries related to the bursary.
Is the application for IDC Bursary 2024 available now?
Yes. The Industrial Development Corporation is inviting applicants to apply for the bursary programme starting June 1, 2024, for the 2025 academic year.
What financial support is provided by the IDC Bursary 2024?
The bursary provides financial support or assistance for tuition fees, accommodation and food expenses, textbooks, study materials, laptops and other allowances.
