The BankSeta higher education bursaries programme is offering bursaries for Universities and Universities of Technology. Both first-year and returning students can apply for the bursaries, which provide up to R120,000 per year for successful students.
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The BankSeta Higher Education Bursary Project provides financial assistance to eligible unemployed learners studying at public universities and public universities of technology in South Africa.
The bursary programme aims to improve access to higher education while developing a pipeline of suitably qualified individuals for the banking and alternative banking sectors. Funding supports approved qualifications aligned with priority occupations and emerging skills needs in the sector.
Through this initiative, the Banking Sector Education and Training Authority (BankSeta) seeks to advance skills development, transformation and economic growth by helping unemployed learners pursue relevant higher education qualifications.
Who Can Apply For BankSeta Bursary Funding?
BankSeta is inviting public universities and public universities of technology (UoTs) to apply for Discretionary Grant Funding to support eligible unemployed learners through bursaries.
The funding must be allocated in accordance with BankSeta's approved Discretionary Grant Policy.
The bursary funding window covers two categories of students:
- New enrolments: First-year students entering an approved programme of study and receiving BankSeta funding.
- Continuing students: Unemployed learners entering their second, third or final year of study.
The project is intended to support students pursuing approved qualifications that address skills shortages and priority occupations within the banking and alternative banking sectors.
BankSeta Bursary Application Requirements
Applicants and institutions must follow the prescribed submission process to ensure that applications are considered.
The following requirements apply:
- Submit one completed and signed application form, together with all required supporting documents, through the Skills Information Management System (SIMS) before the published closing date and time.
- Late applications, submissions made through an incorrect channel, or applications that do not use the prescribed BANKSETA templates will be disqualified.
- Applicants may apply for more than one programme, but each programme must be identified separately. Only one final application will be accepted per applicant.
- If multiple submissions are received before the deadline, BankSeta will assess the latest application received before the closing date.
- Applicants must retain a complete copy of their submitted application and all supporting documents for their records.
BankSeta may verify the information provided through due diligence processes, monitoring, audits and its project records.
How To Apply For The BankSeta Higher Education Bursary
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