Bursaries are one of the options for student funding that you may be investigating. In this mini series of articles names Pros and Cons, Bursaries Portal outlines the advantages and disadvantages of scholarships, bursaries and student loans.
Pros
With bursaries, there is no need to pay back the money you are funded with since it is not a loan.
You are not required to pay for your studies since someone, or an institution pays for it.
The bursary may also grant you extra allowances for certain things such as a book allowance, residence or personal care allowance.
Cons
Bursary programmes can be difficult to get in to and have many interviewers and tests you must go through.
You may lose the bursary if you don't pass all your courses.
For certain bursaries, you may need to do some work or volunteering with the organisation after finishing your studies or during your studies.
To read about the pros and cons of scholarships, click here. To read about the pros and cons of student loans, click here.