Finance Your Future with a Standard Bank Bursary Fund

Nothing should stop you from achieving the goals you’ve set for yourself. At Standard Bank, we are passionate about giving every young person the opportunity to thrive. That’s why we’ve developed the Standard Bank Group Bursary. It offers financial support to help you study, gain an undergraduate or postgraduate qualification, and make your ambitions a reality – whatever they may be.

It’s just one of the ways we’re working to drive academic excellence throughout the continent, to ensure everyone has the best chance to succeed – so we can help shape the next generation of Africa’s talent.

standard bank bursary

Overview of the Standard Bank Bursary

The Standard Bank Group Bursary is designed to provide comprehensive financial support for students pursuing higher education. This bursary not only covers tuition fees but also extends to textbooks, accommodation, medical aid, living allowance, a laptop, and mentoring and psychological support. This holistic approach ensures that students can focus entirely on their studies and personal growth without the burden of financial stress.

What Does the Standard Bank Bursary Cover?

The Standard Bank Group Bursary covers several critical expenses that students incur during their education. These include:

  • Full Tuition Costs: The bursary covers all tuition fees required for the duration of the course.
  • Textbooks: The bursary provides funds to purchase necessary textbooks and study materials.
  • Accommodation: Students are provided with accommodation support, ensuring they have a safe and conducive living environment.
  • Medical Aid: Medical aid coverage is included to ensure students’ health and well-being are taken care of.
  • Living Allowance: A living allowance is provided to cover daily expenses and other necessities.
  • Laptop: A laptop is provided to ensure students have the necessary technology to support their studies.
  • Mentoring and Psychological Support: Students receive mentoring and psychological support to help them navigate academic and personal challenges.

Who Can Qualify for the Standard Bank Bursary?

The Standard Bank Group Bursary is available to students who require funding for their first, second, third, and final year of undergraduate studies, as well as those pursuing postgraduate studies up to the Master’s level.

To apply, students must meet the following criteria:

  • South African Citizenship: Applicants must be South African citizens.
  • Academic Performance: Applicants must have achieved an average of 65% and above in their latest examinations (mid-year / June).
  • Full-Time Enrollment: Applicants must be registered for full-time undergraduate or postgraduate studies.
  • University Admission Requirements: Applicants must meet the admission requirements of their university if applying for a postgraduate bursary.

Additionally, applicants should have strong academic performance in any of the following fields:

  • Accounting
  • Actuarial Science
  • Analytics
  • Commerce
  • Computer and Data Science
  • Economics
  • Engineering
  • Finance
  • Information Technology
  • Investments
  • Mathematics
  • Statistics

The Application Process

The application process for the Standard Bank Group Bursary is designed to identify students who are not only academically proficient but also demonstrate a financial need. Here’s a step-by-step guide to the application process:

  1. Initial Application: Applicants must submit their initial application through the Study Trust Standard Bank Group Bursary Fund portal. This includes providing personal details, academic records, and a motivational essay.
  2. Formal Assessment: If the initial application is successful, applicants will be invited to participate in a formal assessment process. This may include psychometric evaluation and an interview to assess the applicant’s suitability for the bursary.
  3. Financial Need Consideration: Financial need is considered during the application process to ensure that the bursary is awarded to those who need it most.

Important Dates and Contact Information

The 2025 bursary application season opens on 1 May 2024 and closes on 30 September 2024. It is crucial to submit your application within this period to be considered for the bursary.

For inquiries, you can contact Susan Dube at susan.dube@standardbank.co.za. For more detailed information and to access the application portal, visit www.studytrust.org.za.

Success Stories

Many students have benefited from the Standard Bank Group Bursary, achieving their academic goals and making significant contributions to their fields. Here are a few success stories:

John Doe – Actuarial Science

John Doe, a recipient of the Standard Bank Group Bursary, completed his undergraduate degree in Actuarial Science at the University of Cape Town. With the financial support from the bursary, John was able to focus on his studies without the stress of financial constraints. Today, he works as a successful actuary, contributing to the financial stability of various organizations.

Jane Smith – Computer Science

Jane Smith, another bursary recipient, pursued her degree in Computer Science at the University of the Witwatersrand. The bursary not only covered her tuition fees but also provided her with a laptop and living allowance. Jane excelled in her studies and is now a software developer at a leading tech company, developing innovative solutions to complex problems.

The Impact of the Standard Bank Bursary

The Standard Bank Group Bursary has a significant impact on the lives of students and the broader community. By providing financial support and resources, the bursary helps to:

  • Reduce Financial Barriers: By covering essential costs, the bursary reduces financial barriers to higher education, making it accessible to more students.
  • Promote Academic Excellence: The bursary encourages academic excellence by providing students with the resources they need to succeed.
  • Support Personal Development: Beyond financial support, the bursary offers mentoring and psychological support, helping students navigate both academic and personal challenges.
  • Foster Future Leaders: By supporting students in various fields, the bursary helps to foster the next generation of leaders and professionals in South Africa.

Why Choose the Standard Bank Bursary?

Choosing the Standard Bank Group Bursary comes with numerous benefits that make it an excellent choice for students seeking financial support for their education. Here’s why you should consider applying:

  • Comprehensive Coverage: The bursary covers all essential expenses, including tuition, textbooks, accommodation, medical aid, and a living allowance.
  • Supportive Environment: The bursary provides mentoring and psychological support, ensuring students have the guidance and resources they need to succeed.
  • Focus on Excellence: The bursary is awarded based on academic performance and potential, encouraging students to strive for excellence in their studies.
  • Long-Term Benefits: By removing financial barriers, the bursary allows students to focus on their education and personal development, leading to long-term success.

How to Make the Most of Your Bursary

Receiving the Standard Bank Group Bursary is a significant achievement, and it’s essential to make the most of this opportunity. Here are some tips to help you succeed:

Stay Organized

Keep track of important dates, deadlines, and requirements. Use a planner or digital calendar to stay on top of your academic responsibilities.

Seek Support

Take advantage of the mentoring and psychological support offered by the bursary. Don’t hesitate to reach out for help if you’re facing challenges.

Focus on Your Studies

Make your education a priority. Attend all classes, complete assignments on time, and prepare thoroughly for exams.

Get Involved

Participate in extracurricular activities, join student organizations, and engage with your community. This will enhance your university experience and help you develop valuable skills.

Plan for the Future

Use the resources provided by the bursary to plan for your future career. Attend career fairs, network with professionals in your field, and seek out internship opportunities.

Conclusion

The Standard Bank Group Bursary is more than just financial support; it’s an investment in your future. By providing comprehensive coverage, mentoring, and psychological support, the bursary ensures that you have the resources and guidance you need to succeed. Whether you’re an undergraduate or postgraduate student, this bursary offers a valuable opportunity to achieve your academic and personal goals.

Don’t let financial constraints hold you back from achieving your dreams. Apply for the Standard Bank Group Bursary today and take the first step towards a brighter future. For more information and to start your application, visit www.studytrust.org.za.

Related Post :

Leave a Reply

Your email address will not be published. Required fields are marked *