In the South Africa region, you can find different options for bursaries, which are offered by organisations, government bodies, etc. The Nedbank is notable not only for its financial services but also for its dedication to empowering the growth of young individuals. Among the several actions it has put in place, the Nedbank Bursary 2024 Programme has turned out to be a guiding light for innumerable scholars yearning to enter into professions related to finance and technology, among others. More than financial support, this bursary is putting their efforts & finances into South Africa’s future. You can explore different bursary applications in South Africa.
A distinctive feature of Nedbank is its educational and youth-oriented programmes, which are not only bank operations but also different financial services. On this note, the Nedbank Bursary Programme has provided hope to many scholars who want to pursue professions in finance, innovation and other related fields. This grant serves as more than financial assistance; it is a contribution towards the forthcoming workforce and proof of Nedbank’s dedication to its community duties. In this article, you can learn about Nedbank bursary, explore the online bursary applications and monthly expenses as well as the allowance of the bursary.
What is the Nedbank Bursary 2024?
The Nedbank Bursary in 2024 is a financial aid programme established by Nedbank, one of South Africa’s leading banks, the goal of this bank is to support academically talented and financially needy students. The bursary tends to foster the development of future leaders by providing them with the opportunity to pursue higher education.
This initiative not only helps bridge the gap for students who might otherwise struggle to afford their studies but also aligns with Nedbank’s commitment to community development and empowerment. The bursary covers a wide range of fields, particularly those relevant to the banking and financial services industry, such as accounting, economics, finance, information technology, and more.
Eligibility Requirements for Nedbank Bursary
To be eligible for the Nedbank bursary 2024, you need to fall into the following criteria which are as follows:
- The bursary will consider applications from South African citizens.
- Candidates must have a proven financial need, as determined by household income.
- Candidate must have obtained the following minimum academic results:
- Students average 65% in the year that they are applying for the bursary, i.e. in grade 12 or at the university level.
- Also, Students should have an average of 65% for the required subjects aligned to the degree they plan to study at university.
- The bursary will not consider applicants who completed their grade 12 or senior certificate with Mathematics Literacy.
- Candidates must have obtained admission to a South African public university or university of technology for the Undergraduate or Honours qualification which the candidate plans to study.
Here are some of the criteria for the Nedbank bursary requirements, Candidates can also read about the honour bursary in detail. Furthermore, students can also learn about the Nedbank bursary online application.
How to Apply Online for Nedbank Bursary?
The application process for the Nedbank Bursary 2024 is conducted online. It involves several steps, starting with downloading the Nedbank bursary form, filling in the accurate details and then attaching the following documents.The steps for applying for Nedbank bursary are as follows:
Step 1: Visit the ‘Nedbank Website’
Step 2: Enter your name, surname, email, etc
Step 3: Apply Online for the Bursary Application 2024 of Nedbank
Step 4: Submit Supporting Documentation along with your application form.
Step 5: Lastly, make sure to check your mail or messages for confirmation updates frequently.
Documents required for the Nedbank Bursary application:
- You need to attach a certified copy of your South African identity card/document.
- Also, add your most recent academic results, which can be your grade 11 final results, as well as your mid-year results if you are currently in grade 12. If you are currently in your first year at the university, then attach the current result or the grade 12 final results and mid-year results.
- Download the financial affidavit signed by your parent(s) or guardian(s) and you (bursary applicant).
After attaching all the essential documents for your bursary, you can now submit them online to the bursary’s official website. There will be a screening of your application if selected, and then you also need to add these documents.
Document Required After the Selection of the bursaries, provide
- Candidate can attach their parents or legal guardians, and all income-earning members of a shortlisted applicant’s household must provide the following:
- Add written consent that they understand that personal information will be requested and given to third parties who will assist the Nedbank Educational Trust with verifying income (the Financial Checks Affidavit).
- Add a completed income and expenditure statement for the applicant’s combined household income.
- You need to add certified copies of the following documents in a single batch within seven working days of the application:
- Candidate Identity document(s).
- Each parent or guardian’s most recent payslip(s) and letter(s) of employment, not older than three months, must be included.
- Attach Proof of income, home loan account statement, and city/town council rates and taxes statement (not older than three months), if parents or guardians are informal traders or hawkers.
- If parents or guardians are earning commission only, attach the IRP5, IT3, and IT12 forms for the past two years.
- If parents or guardians receive income in the form of pension, grant, maintenance, rent, or interest from investments, they should also add an official pension slip or bank statement (not older than three months).
- Attach your Parents’/ guardians’ and applicant’s last three months bank statements.
- Also, note that the shortlisted applicants will be required to undergo psychometric and other assessments and attend a virtual interview.
Bursaries will be awarded at the sole discretion of the Nedbank Educational Trust. When the recruitment process is completed, all applicants for the Nedbank bursary will receive feedback about the outcome of their applications.
What is the Nedbank Bursary Monthly Allowance?
The Nedbank Bursary provides recipients with a comprehensive financial package that includes a monthly allowance. This allowance is designed to cover essential living expenses and help students focus on their studies without the burden of financial stress. The monthly allowance varies based on the student’s financial needs.
What is the Nedbank Bursary Closing Date?
The closing date for the Nedbank Bursary application is a critical deadline that applicants must know. For this year, the deadline is 31 July 2024. However, these dates can vary slightly each year. Prospective applicants must frequently check the Nedbank Bursary page on the official Nedbank website for the exact closing date to ensure they do not miss the opportunity. Late applications are generally not considered, so timely submission is essential.
For more information on the bursary provider, you can contact the Nedbank bursary team at Email: Unlockyourambition@nedbank.co.za
Conclusion
The Nedbank Bursary is a great opportunity for South African students who need to pursue higher education and have the potential to learn. Nedbank, therefore, supports individual students through financial assistance and invests in the future manpower of South Africa, especially in very important areas like banking and finance. Hence, by availing themselves of this opportunity, students are released from various financial strains.
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!
Frequently Asked Questions – Nedbank Bursary 2024: Explore the Eligibility & Requirements
1) Can international students apply for the Nedbank Bursary?
No, the bursary is only available to South African citizens.
2) What happens if I miss the closing date for the application?
Applications submitted after the closing date are generally not considered. It is crucial to submit all required documents before the deadline.
3) Does Nedbank offer bursaries?
Yes, you can get bursaries from Nedbank, which is for the students who want to study full-time for first-year undergraduate or diploma at South Africa.
4) What fields of study are eligible for the Nedbank Bursary?
Different fields are available for the bursary some of the fields are accounting, actuarial science, economics, finance, business science, information technology, and more.
5) Does the bursary cover international studies?
No, the Nedbank bursary is intended for studies at recognised South African tertiary institutions only.
