Standard Bank Bursary | R350 Grant: Higher Education Benefits
Bursaries and social grants play an important role in South Africa’s efforts to promote education and support vulnerable groups throughout the country. Bursaries provide financial support to students from underprivileged backgrounds to cover the cost of tertiary education and ensure that financial constraints do not prevent students from achieving academic success. If you want to study but don’t have enough money to do so and have a good academic record that you’ve built up over the course of the year, then you may be able to apply for a bursary.
In this detailed guide, we’ll be highlighting the Standard Bank Bursary for undergraduate and postgraduate students, along with applying for R350 Grant and SASSA status check in 2024.
Standard Bank Bursary for Undergraduate and Postgraduate Students
![Standard Bank Bursary | R350 Grant: Higher Education Benefits 1 Standard Bank Bursary](https://sassaloans.co.za/wp-content/uploads/2024/04/Standard-Bank-Bursary-2-1024x577.jpg)
The Standard Bank Bursary Programme seeks to fulfill student loan requirements and nurture Africa’s next generation of talent and leaders.
The bursary covers undergraduate and postgraduate programmes in the following areas:
- Accounting
- Actuarial science
- Analytics
- Commerce
- Computer and data science
- Economics
- Engineering
- Finance
- Information technology
- Investments
- Mathematics
- Statistics
If bursary recipients receive an employment offer from Standard Bank upon graduation, they will be obligated to work for the Bank.
Standard Bank Bursary for Undergraduate Students
Undergraduate bursaries are awarded to students who have successfully completed their first year of study and have student loan requirements for their second year and onwards. Candidates must have a broad background and good academic performance in funded courses.
Minimum selection criteria:
- Applicants must have passed the latest aptitude tests with an average score of 65% or higher.
- Candidates must be enrolled in full-time undergraduate courses.
- Candidates will be evaluated through a formal assessment process that includes a Psychometric assessment and interview.
- Financial needs are taken into consideration when applying.
Standard Bank Bursary for Postgraduate Students
Standard Bank Group bursaries offer full-tuition scholarships to students who meet the financial and academic requirements and want to take up postgraduate studies:
Minimum selection criteria:
- Applicants must have passed the latest exams with an average score of 65% or higher.
- Candidates must enroll for full-term postgraduate studies at an accredited public South African university or college.
- Applicants will need to sit through an assessment process that includes, but is not restricted to, a psychometric assessment and an interview.
- Financial need is taken into consideration when applying.
Bursary Details: What Benefits Will I Receive?
Standard Bank Group bursary fund is a complete bursary that covers all your study and study related expenses for your student loan requirements.
The bursary covers the following:
- University fees
- Accommodations – in a university residence or private accommodation
- Food is provided by the university or self-catered.
- Books & other study materials
- Laptop computer
- Monthly stipend to meet other living expenses.
- Transport from home to campus four times a year (cost of bus ticket).
Step-by-step Guide to Applying for Standard Bank Bursary in 2024
Step 1: Visit the Standard Bank website and navigate to the “Bursaries” section.
Step 2: Complete the online application form accurately.
The following documents will have to be uploaded:
- Certified copy of ID
- Proof of all academic results to date (Gr 12 certificate and full tertiary academic record)
- Proof of combined household income
Step 3: Write a compelling motivation letter outlining your academic achievements, career aspirations, and why you deserve the bursary.
Step 4: Submit your application before the deadline. Keep track of any confirmation emails or reference numbers provided.
Step 5: Await communication from Standard Bank regarding the status of your application. Be proactive and follow up if necessary.
Step 6: If shortlisted, prepare for interviews or additional assessments as required by Standard Bank.
Step 7: Upon successful selection, fulfill any remaining requirements outlined by Standard Bank to finalize the bursary award.
Note: The Application Season is open from 1 May to 30 September.
Guide to Applying for R350 Grant in 2024
This step-by-step guide will help you with applying for R350 Grant:
- Check Eligibility: Ensure you meet the eligibility criteria, including South African citizenship, unemployment, and not receiving any other social grant.
- Prepare Documents: Gather necessary documents such as your South African ID, proof of residence, and any other required paperwork.
- Visit SASSA Website: Access the official SASSA website and navigate to the SRD 350 Grant section.
- Create Account: Register for an account if you haven’t already done so.
- Complete Application: Complete the application form with accurate personal details and relevant information.
- Upload necessary documents: These include ID and proof of income.
- Review Application: Review your application to ensure all details are correct.
- Submit your application.
Receive an SMS or email to check your application status. If your application is accepted, the grant amount will be credited to your designated bank account.
Guide to SASSA Status Check in 2024
Have you already submitted your application for a loan but are experiencing delays with your SASSA application? If so, you can complete a SASSA status check by following the following steps:
- To check your status, go to the official website of the SASSA (SASSA Grant Status Check 2024) and click on the “Check Status” button.
- Provide the required information, such as your ID number.
- Click on the “Check Status” button.
- Please wait while the system processes your request.
- Check your status on the screen.
![Standard Bank Bursary | R350 Grant: Higher Education Benefits 2 SASSA status check](https://sassaloans.co.za/wp-content/uploads/2024/04/SASSA-status-check-1024x577.jpg)
If your application is accepted, it will state the status and the payment details. If your application is rejected, it may state the reasons or provide additional guidance on how to reapply.
Conclusion
Bursaries and scholarships are one of the most effective ways to pay for your studies and reach your higher education goals without spending a lot of money. Bursaries and scholarships help you pay for higher education and reduce your debt because you don’t have to pay it back. Bursaries have the power to transform students’ and their families’ lives. Not only do they open doors to various career opportunities, but they also contribute to community upliftment.