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A bursary [1] 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.
In England, financial support may be available [2] from the college that the student attends. If the student is studying at either a publicly funded Sixth Form college or in a publicly funded Further Education college, financial support may be offered depending on their financial and personal circumstances. Each college has eligibility criteria and a college is able to provide details on which bursaries are available and what level of financial support students may be eligible for.
Financial support is almost always based on the student's ″household″ income along with other criteria. Income limits and eligibility vary from college to college so students must contact their college to obtain this information, although there are some basic eligibility requirements provided by the UK government on their website. If a student is considered to be a vulnerable student, a bursary of up to £1,200 is available depending on circumstances. [3]
Many colleges will ask students to make a bursary application online. Other colleges will require a paper application form. Evidence to support an application will always be required. Evidence documents may be scanned copies or photographs of documents but they must be verifiable and accepted by the college before a student will have their application approved. Some colleges will only allow paper versions of evidence. Examples of financial support provided by colleges in England are as follows. This list is not exhaustive; it is based on the awards provided by over sixty colleges in England (in 2020). [4]
To obtain such a bursary, it is customary for the student or their parents or guardians to be asked to provide details of their financial circumstances, supported by documentary evidence. The amounts awarded in Scotland, [5] for instance, are made on a sliding scale, with household income below £34,000 p.a. (as of 2020) attracting awards. The application will be considered by the awarding organisation according to its published conditions although appeals may be considered from applicants in special or extenuating circumstances. The award will usually cover a specific period and may be given as a lump sum or on a declared schedule. Most bursaries are reviewed annually to ensure that the justification for an award remains. Changes in circumstances or study conditions such as a change of course during the academic year may result in the bursary being varied or stopped altogether.
Bursaries are similar to but distinct from "scholarships" or "prizes", which are based on performance or sponsorship. Scholarships and prizes are generally awarded for good performance in the study preceding course entrance in which the student achieves grades above the standard entry. These funders are usually education authorities, universities, companies and private trusts.
Postgraduate education, graduate education, or graduate school consists of academic or professional degrees, certificates, diplomas, or other qualifications usually pursued by post-secondary students who have earned an undergraduate (bachelor's) degree.
A scholarship is a form of financial aid awarded to students for further education. Generally, scholarships are awarded based on a set of criteria such as academic merit, diversity and inclusion, athletic skill, and financial need, research experience or specific professional experience.
Education in England is overseen by the Department for Education. Local government authorities are responsible for implementing policy for public education and state-funded schools at a local level. State-funded schools may be selective grammar schools or non-selective comprehensive schools. All state schools are subject to assessment and inspection by the government department Ofsted. England also has private schools and home education; legally, parents may choose to educate their children by any suitable means.
A student loan is a type of loan designed to help students pay for post-secondary education and the associated fees, such as tuition, books and supplies, and living expenses. It may differ from other types of loans in the fact that the interest rate may be substantially lower and the repayment schedule may be deferred while the student is still in school. It also differs in many countries in the strict laws regulating renegotiating and bankruptcy. This article highlights the differences of the student loan system in several major countries.
Student financial aid in the United States is funding that is available exclusively to students attending a post-secondary educational institution in the United States. This funding is used to assist in covering the many costs incurred in the pursuit of post-secondary education. Financial aid is available from federal and state governments, educational institutions, and private organizations. It can be awarded in the form of grants, loans, work-study, and scholarships. In order to apply for federal financial aid, students must first complete the Free Application for Federal Student Aid (FAFSA).
The Ontario Student Assistance Program (OSAP) (French: Régime d'aide financière aux étudiantes et étudiants de l'Ontario ) is a provincial financial aid program that offers grants and loans to help Ontario students pay for their post-secondary education. OSAP determines the amount of money that a student is eligible to receive by considering factors such as tuition, course load, and the financial resources of the student. More than 380,000 students – more than half of all full-time students –received student financial aid in 2014-15.
The Helping Outstanding Pupils Educationally (HOPE) Program is a scholarship and grant initiative established in Georgia in 1993. Under the guidance of then-Governor Zell Miller, the program was designed to provide financial aid to exceptional students pursuing degree, diploma, or certificate programs. HOPE is applicable at eligible public and private colleges and universities throughout Georgia, as well as public technical colleges. HOPE is funded entirely by revenue from the Georgia Lottery and is administered by the Georgia Student Finance Commission (GSFC).
The Office for Fair Access (OFFA) was an independent public body in England that supported the Director of Fair Access to Higher Education in his or her work that was intended to safeguard and promote fair access to higher education. It approved and monitored higher education institutions in England through 'access agreements'.
Education Maintenance Allowance (EMA) is a financial scheme applicable to students aged between sixteen and nineteen and those undertaking unpaid vocational or non-university academic learning in the United Kingdom and whose parents had a certain level of taxable income. It is no longer paid in England. It applies to those doing, or applying to do, at least 12 hours of guided learning on further education courses in school sixth forms, sixth form colleges and Further Education colleges. This includes a wide range of courses up to and including level 3, such as A-levels, GCSEs, BTECs, NVQs and other vocational qualifications. Those partaking in an Entry to Employment must do at least 16 hours a week of guided study.
Student Awards Agency Scotland (SAAS) is an Executive agency of the Scottish Government. It supports eligible Scottish students by paying their tuition fees, as well as offering bursaries and supplementary grants. It also assesses students applying for loans. The Agency administers the Individual Learning Accounts Scotland scheme (ILA's) in partnership with Skills Development Scotland (SDS).
Education in Belgium is regulated and for the most part financed by one of the three communities: Flemish, French and German-speaking. Each community has its own school system, with small differences among them. The federal government plays a very small role: it decides directly the age for mandatory schooling and indirectly the financing of the communities.
An athletic scholarship is a form of scholarship to attend a college or university or a private high school awarded to an individual based predominantly on their ability to play in a sport. Athletic scholarships are common in the United States and to a certain extent in Canada, but in the vast majority of countries in the world they are rare or non-existent.
A Pell Grant is a subsidy the U.S. federal government provides for students who need it to pay for college. Federal Pell Grants are limited to students with exceptional financial need, who have not earned their first bachelor's degree, or who are enrolled in certain post-baccalaureate programs, through participating institutions. Originally known as a Basic Educational Opportunity Grant, it was renamed in 1980 in honor of Democratic U.S. Senator Claiborne Pell of Rhode Island. A Pell Grant is generally considered the foundation of a student's financial aid package, to which other forms of aid are added. The Federal Pell Grant program is administered by the United States Department of Education, which determines the student's financial need and through it, the student's Pell eligibility. The U.S. Department of Education uses a standard formula to evaluate financial information reported on the Free Application for Federal Student Aid (FAFSA) for determining the student's Expected Family Contribution (EFC).
In accounting and contractual law, "golden hello" is a term used for several different arrangements:
In the post-secondary education system of the United States, an expected family contribution (EFC) is an estimate of a student's, and for a dependent student, their parent(s)' or guardian(s)', ability to pay the costs of a year of post-secondary education. The EFC is used in the United States student financial aid process to determine an applicant's eligibility for need-based federal student aid. In most cases, the same estimate is also used for state and institutional (college-based) financial aid. The EFC is included on the Student Aid Report and Institutional Student Information Record, which are sent after filing a form called a Free Application for Federal Student Aid (FAFSA).
Higher education in British Columbia is delivered by 25 publicly funded institutions that are composed of eleven universities, eleven colleges, and three institutes. This is in addition to three private universities, five private colleges, and six theological colleges. There are also an extensive number of private career institutes and colleges. Over 297,000 students were enrolled in post-secondary institutions in British Columbia in the 2019-2020 academic year.
The Ontario Graduate Scholarship(s) (OGS) program offers, merit based, annual scholarships to eligible students who will pursue graduate studies in order to complete a master's degree, PhD or doctorate at a university in Ontario, Canada.
Junior colleges (JC) are pre-university institutions in Singapore that offer two-year pre-university courses that leads to either the Singapore-Cambridge GCE Advanced Level or the International Baccalaureate Diploma. Admission to Junior college is based on the aggregate raw score of 20 points or less in O-Level "L1R5" in the examination. Lower aggregate is considered better, i e. 7 aggregate score is better than aggregate score 10. Bonus points are also deducted from this proscore to come up with the final score for the admission.
Anishinabek Educational Institute (AEI) is an First Nation-owned and controlled post-secondary institution in Canada. Indigenous institutes partner with colleges and universities to offer students degree programs, apprenticeships, certificate programs and diploma programs. AEI was founded to provide greater access to post-secondary education for First Nation peoples. AEI delivers post-secondary programs approved by the Ministry of Training, Colleges and Universities. The educational curriculum was adapted to meet the needs of Indigenous learners to ensure it reflects community needs, cultural heritage and identity.
Tertiary education in New Zealand is provided by universities, institutes of technology and polytechnics, private training establishments, industry training organisations, and wānanga. It ranges from informal non-assessed community courses in schools through to undergraduate degrees and research-based postgraduate degrees. All post-compulsory education is regulated within the New Zealand Qualifications Framework, a unified system of national qualifications for schools, vocational education and training, and 'higher' education. The New Zealand Qualifications Authority (NZQA) is responsible for quality assuring all courses and tertiary education organisations other than universities. Under the Education Act 1989, The Committee on University Academic Programmes (CUAP) and the Academic Quality Agency (AQA) have delegated authority for quality assurance of university education. The Tertiary Education Commission (TEC) is responsible for administering the funding of tertiary education, primarily through negotiated investment plans with each funded organisation.