Standard Bank Bursary | R350 Grant: Higher Education Benefits

Bursaries and social grants are essential in South Africa. They help in education and support weaker groups. Bursaries provide the required funds to students who are underprivileged. It makes them pay for the cost of tertiary education. A Bursary can help you deal with the shortage of money for doing your best efforts in academics.  

This guide has everything for you to learn about the Standard Bank Bursary for students who want to enroll for their undergraduate and postgraduate education. Discover also about applying for R350 Grant and SASSA status check in 2024.     

Standard Bank Bursary: Undergraduate and Postgraduate Students

You need to fulfill the requirements to get a loan for your study through the Standard Bank Bursary Programme. This programme also helps to prepare Africa’s young talent.   

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 you get a bursary and receive an offer of employment from Standard Bank during your graduation, in that case, you are responsible to work for the Bank.

Standard Bank Bursary for Undergraduate Students

Undergraduate bursaries are given to students who successfully complete the initial year of study. They should also have student loan requirements for their second year and the period after that. Candidates must have a strong background and getting good grades in academics in the courses for which they receive the funds.

Minimum selection criteria:

• Applicants must pass in the latest tests of aptitude in which they should score 65% or higher on an average.    
• Candidates must enroll for the undergraduate courses of full-time.
• Candidates are examined with a formal assessment process, involving 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. The public South African university or college should be accredited.
•  While applying, you need to go through an assessment process. It can include other things along with psychometric assessment and an interview.
• Financial need is also 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:

• Accommodations – in a university residence or private accommodation
• University fees
• 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).
  

Steps to Apply for 2024 Standard Bank Bursary

Step 1: Go to the Standard Bank website and click on the category of “Bursaries”.

Step 2: Fill the application form online with all the correct details.

You also need to submit the below documents:

•        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 an attractive letter that shows your achievements in academics. It should also tell what you wish to do ahead in your career and why you should get the bursary.

Step 4: Give your application before the end date , 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: Remember to apply for the bursary from 1 May to 30 September.

Applying for R350 Grant in 2024 

These steps can help you in applying for R350 Grant:

Make sure that You are Eligible: Meet the requirements for eligibility. This means that you should be a citizen of South Africa, not working anywhere. You should also not be getting any other social grant.

• Get Your Documents Ready: Prepare all the documents necessary to apply. It includes a South African ID, proof of residence, and any other required paperwork.
• Check Out SASSA Website: Go to the official SASSA website and apply for the SRD 350 Grant given in a separate section.
• Make Your Account: Register to make your new account if you haven’t done it before.
• Fill the Application Form: Submit all the details in the application form. It should have correct personal and other necessary 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.

You can check your application status with an SMS or email. If your application is accepted, you will receive the money of your grant in your 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? You can complete a SASSA status check with these steps:    

• Go to the official website of the SASSA (SASSA Grant Status Check 2024).
• Click on the “Check Status” button to know about your status
• Provide all the necessary details, including your ID number.
• Click on the “Check Status” button.
• Please wait while the system processes your request. •      
• Check your status on the screen.   

You will get the status and the details of payment when application is accepted. You can also know about the reasons or get the guidance on how to reapply on the rejecting of your application.

Conclusion

Bursaries and scholarships are useful for you to complete your studies. It allows you to make your dreams of higher education come true without spending a fortune. Bursaries and scholarships help you to pay for the cost of your higher studies. They also help to improve the quality of living of people.