June 24, 2024
commerce bursary scheme application form

Commerce Bursary Application SA | Acquire a BCom Degree

Commerce bursaries are a great way for students to fund their education. These bursaries are offered by various organizations, both public and private, to support students pursuing commerce-related fields of study. Check below to see how you can get a suitable bursary and how to apply for it.

What is a Commerce Bursary?

A commerce bursary is a financial award or grant provided to individuals pursuing studies in the field of commerce. Commerce typically encompasses a broad range of subjects related to business, economics, finance, and management. Bursaries are a form of financial assistance that does not need to be repaid, making them different from loans.

These bachelor of commerce bursaries are often awarded to students based on various criteria, including academic merit, financial need, extracurricular achievements, and community involvement. The goal of commerce bursaries is to support and encourage individuals who are pursuing education and a career in commerce-related fields.

Are BCom Bursaries Still Open?

Nowadays, attaining your educational goals is a lot easier. Several organisations provide funding to outstanding students who want to further their education in the commerce sector. Some of these organisations are outlined below. Choose any of the organisations and follow their application process to qualify for BCom academic funding.

Also, you can check out bursary programmes in other disciplines here.

Benefits of Commerce Bursaries

Commerce bursaries offer several benefits to eligible individuals pursuing education and careers in commerce-related fields. Here are some of the key advantages:

  1. Financial Assistance: Bursaries provide financial support to students, helping them cover tuition fees, textbooks, accommodation, and other educational expenses. This can alleviate the financial burden associated with pursuing higher education.
  2. Access to Education: Bursaries make education more accessible to individuals facing financial barriers. This enables talented and motivated students to pursue studies in commerce, contributing to a more diverse and skilled workforce in business and related fields.
  3. Merit Recognition: Many commerce bursaries are awarded based on academic merit, recognising and rewarding the hard work and dedication of high-achieving students. This recognition can boost the recipients’ confidence and motivation to excel in their studies.
  4. Encouragement of Talent: By providing financial assistance, commerce bursaries encourage talented individuals to pursue careers in commerce. This helps nurture a pool of skilled professionals in business, economics, finance, and management.
  5. Reduced Financial Stress: Students who receive commerce bursaries can experience reduced financial stress, allowing them to focus more on their studies and extracurricular activities. This can have a positive impact on academic performance and overall well-being.
  6. Networking Opportunities: Some commerce bursaries may come with additional benefits, such as networking opportunities, mentorship programmes, or industry exposure. These connections can be valuable for students as they transition from academia to the workforce.
  7. Enhanced Career Opportunities: Having a bursary on one’s academic record can enhance a student’s resume and make them stand out to potential employers. It demonstrates dedication, commitment, and recognition of academic achievement.
  8. Community Contribution: Bursaries contribute to the development of educated and skilled individuals who can make positive contributions to their communities and the broader economy. Supporting students in commerce-related fields aligns with fostering economic growth and development.

Eligibility Requirements for Commerce Bursaries

To be eligible for a commerce bursary, students must meet certain requirements. These requirements may vary from one organisation to another, but some common requirements include:

  1. Academic excellence: Most organisations require students to have a high academic standing to qualify for a bursary. Students must have a good academic record, usually with a minimum average grade of 70%.
  2. Financial need: Some organisations may require students to demonstrate financial need for the bursary. This means that students must provide proof of their financial situation, such as their family income, expenses, and assets.
  3. Field of study: Commerce bursaries are typically offered to students pursuing fields of study related to commerce, such as accounting, finance, marketing, and economics. Therefore, students must be pursuing a commerce-related programme to be eligible for the bursary.
  4. Community involvement: Some organisations may also consider students’ community involvement when awarding bursaries. This means that students who have volunteered or engaged in community service may have a better chance of receiving the bursary.

How to Apply for Bachelor of Commerce Bursaries

To apply for a commerce bursary, students must follow these steps:

1. Research available bursaries: Students should research the available commerce bursaries to find out which ones they are eligible for. They can do this by visiting the websites of organisations that offer bursaries or by checking with their school’s financial aid office. See some of the organisations offering commerce bursaries below.

2. Check application deadlines: Students should check the application deadlines for each bursary they wish to apply for. It is important to apply before the deadline, as late applications may not be considered.

3. Gather required documents: Students should gather all the required documents for the bursary application, such as their academic transcripts, proof of financial need, and a resume highlighting their community involvement.

4. Apply: Students should submit their application along with all the required documents before the deadline. It is important to ensure that the application is complete and accurate, as incomplete or inaccurate applications may not be considered.

Organisations Offering Commerce Bursary Scheme

Below are some of the organisations offering commerce bursary awards to students pursuing a bachelor of commerce degree.

Commerce bursaries are a great way for students to fund their education in commerce-related fields of study. To be eligible for these bursaries, students must meet certain requirements, including academic excellence, financial need, and community involvement. Students can apply for these bursaries by researching available options, checking application deadlines, gathering required documents, and submitting the application before the deadline.

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