A scholarship is a form of financial assistance usually provided to learners. This financial assistance is given to underprivileged learners, academically or athletically gifted learners to pay for their school fees.
Scholarships are provided to deserving learners to cover the costs associated with the school. Most scholarships will cover the learner's school fees, however, some may only contribute a percentage of the school fees.
Some scholarships could even include money for books, stationery, housing, and transportation.
Can Scholarship Money Be Used For Personal Use?
The answer to this question depends on your specific scholarship. The primary purpose of a scholarship is to pay a recipient's school fees and other education-related costs.
However, sponsor of a scholarship may choose to allocate the received funds for personal use or a living allowance.
Several organisations provide scholarships to deserving learners in South Africa.
The main benefit of scholarships is that the money does not have to be paid back. However, depending on the scholarship, learners will need to meet specific eligibility criteria to be awarded a scholarship.
A potential drawback of some scholarships is that they are limited. If learners received an academic or an athletic scholarship, they have to maintain their performance in those areas or their scholarship might be cancelled.
This could put pressure on the learners, especially if they can't afford to stay at school without a scholarship.
The Bursaries Portal contains the latest information on all you need to know about scholarships in South Africa.
