You want to know the difference between Scholarship Grant and Bursary? then stick to this article.
This article would be directed in a way that it would answer the question of the difference between scholarship, grant and bursaries.
Many students have always been confused about this three terms. And most times mistake one for the other.
It is important that as a student you know which one you’re being offered.
Disregarding the difference between scholarship, grants and bursary. One common thing about these three terms is the fact that they’re ways of Supporting students financially.
They can be offered to students who are discovered to be in need of them. Or to students who apply for any of them.
Difference between Scholarship, Grant and Bursary
Some of the difference between these three terms are associated by the way they are awarded or the process of consideration and decision.
See Also: How to write a scholarship essay
Below is a very quick overview of the difference between scholarship, grant and bursary and how they work.
A typical example of the difference between Bursary, Scholarship, and Grant is that Bursaries are considered to be a set-aside lump of cash offered to students based on the financial state of the parents. Or based on what the parents can offer financially.
This kind of financial aid operates on a sliding scale matrix. This means that what a student gets is inversely proportional to what the parents earns.
A student whose parents earns small receive less in Bursary. While a students whose parents earns less receives more in bursary.
And of course, any students whose parents are considered to be very rich would definitely not receive anything in bursary, because the parents have enough money to send them to school.
Bursary is a very encouraging thing for students.
And you don’t have to pay back.
How is Bursaries gotten?
Bursaries can be applied for through the university website. And it is important that before you apply for any bursary, you should make sure that you are eligible to apply.
Universities around the world have varying eligibility requirements when it comes to bursary application. This requirements would be disclosed to students during application process.
Other organisations, individuals and firms also offer Bursary
Scholarships are basically offered based on academic excellence, and some sort of being talented in a particular thing.
Some scholarships are offered based on the student’s commitment to social services and related activities. It is always directed towards tuition fees, rooms and board, and other academic related expenses
Universities has values the place on their scholarships.
Some Universities prefer offering scholarships to students who are sportsman than students with straight A’s. Universities like this one focuses on extracurricular activities more than academic excellence.
How Do I Get a Scholarship?
Scholarships are offered based on varying eligibility criteria and requirements, which is decided by the platform offering the scholarship.
There is somewhat practical scholarships which applicants will be required to do some test, exams or some sort of competition where the winner will be offered a scholarship.
More often, students who are dominant in academics do not require to get involved in some of these texts and exams, there straight A’s would definitely land them the scholarship.
Grant is a form of financial aid offered to undertake a particular task
More often it is offered to undertake research or to pay off a particular academic due. It is more specific than other forms of financial aid.
Most times it is the University where the student studies offers this kind of financial award.
A student carrying out a very profitable research or academic projects that will benefit the university and the community at large is likely to attract this kind of financial aid.
Grants basically would likely go to any student who is researching a solution to a problem, than a student who wants to study abroad. Because the providers of the Grant would want their money to go to someone who is likely to solve a lingering problem in the academic world
How do I get a grant?
If you’re carrying out a dissertation just like a piece of research. You need to submit the overview which would include the processes and the problem you wish to solve after research to the award provider.
The provider of the Grant may want to have a chat with the person carrying out the research, just so he can know what the person is up to and how confident the person is in solving the problem.
Getting the Grant won’t be a problem so long as the solution the researcher wants to bring after the research is needed.