Difference Between Scholarship and Bursary

1. What is the difference between a Bursary and a Scholarship? A scholarship is a financial award granted to a student on the basis of the student's academic or sporting excellence. A Bursary is a financial award granted to a student on the basis of the student's financial neediness.

1. Is a scholarship a bursary?
2. Do you have to pay back a bursary?
3. Who is eligible for bursary?
4. What is the purpose of a bursary?
5. What can I use my scholarship money for?
6. How are bursaries awarded?
7. How much do you need to earn to get a bursary?
8. What age do you get a bursary?
9. What happens if you quit Pgce bursary?
10. How much is a nursing bursary?
11. How much do you get for hardship fund?

Is a scholarship a bursary?

What are bursaries, grants and scholarships? You will often find the terms scholarship, grant and bursary used interchangeably and in principle, they are the same thing – money that is given to you which you do not need to pay back.

Do you have to pay back a bursary?

Bursaries are like grants and don't have to be paid back. You get your bursary directly from your university or college. Talk to your student support service to find out what's available.

Who is eligible for bursary?

The UCL Undergraduate Bursary scheme will be assessed on the basis of household income. To be eligible for the scheme students will have to be domiciled in the UK, in their first year of study, and have a household income of less than £42,875.

What is the purpose of a bursary?

A bursary is a monetary award made by any educational institution or funding authority to individuals or groups. It is usually awarded to enable a student to attend school, university or college when they might not be able to, otherwise. Some awards are aimed at encouraging specific groups or individuals into study.

What can I use my scholarship money for?

In addition to using scholarship money to cover tuition as well as room and board, some scholarship providers allow you to use your winnings to cover any and all education-related expenses. Education-related expenses are items like textbooks, computers, transportation to and from school and student fees.

How are bursaries awarded?

The amount awarded for a bursary depends on how much income that household has—the higher the income, the lower the amount the bursary will be. It is important not to confuse a bursary with a loan. Bursaries are funds given to you to pay for your education that you do not need to pay back.

How much do you need to earn to get a bursary?

Bursary awards are discretionary and subject to the financial resources of the school. Families with a gross household income of up £120,000 pa or less and modest net assets up to £1.4m may be eligible for a bursary.

What age do you get a bursary?

Your age. You must be aged 16 or over but under 19 at 31 August 2018. If you're aged 19 or over you will only be eligible to receive a discretionary bursary if you are continuing on a study programme you began aged 16 to 18 ('19+ continuers') or have an Education, Health and Care Plan (EHCP).

What happens if you quit Pgce bursary?

If you withdraw or defer from a course, you are entitled to be paid the training bursary for each month up to, and including, the month in which you withdrew. Any overpayments of a bursary due to withdrawal of the course will be recovered by your teacher training provider.

How much is a nursing bursary?

The government has announced that the following cohort of student from September 2020 will receive a payment of at least £5,000 a year which they will not need to pay back. The funding will be given to all new and continuing students from September 2020.

How much do you get for hardship fund?

How much do you get for hardship payments? ESA and JSA hardship payments are paid at 60% of income related ESA or income based JSA. These are means tested benefits and only available if your household income and savings are low.