Student finance can be complicated but
universities can help, and they employ staff to
guide you and your family through it, to ensure
that student loans are accessed correctly and
Although student loans and grants through the Student Loan Company are the main source of funding for most students, there are other funding sources like bursaries and scholarships which are important for you to know about as well.
Bursaries and scholarships are two terms you
may have seen when researching universities.
Although the two can sometimes be confused,
bursaries tend to relate to a student’s status
and a scholarship tends to relate to academic
Scholarships are usually grants paid to students who do very well academically or in other areas. This could be a grant paid if you receive three A grades at A Level for example, or if you are a talented musician or sportsperson.
Bursaries tend to be about financial need. They can be used to help if you are financially disadvantaged and they encourage applications from groups that might be less likely to attend university. Examples of bursary recipients might be students from lower income households, students who have been in the care system or the children of armed forces veterans.
The difficulty with both bursaries and
scholarships is that they are individual to a
university. If you are trying to choose between
a few institutions, it is important that you
research the scholarships and bursaries
available from each of them, to make sure you
have the full picture.
Most students will want to prioritise the course and the university when making decisions, but bursaries and scholarships can sometimes make the difference between two similar offers and, if not, they can certainly be a very welcome extra to help make life a little easier when you start your course.
When you are dealing with anything financial, be it loans, banking or bursaries, it is important to be aware of scams. If you are unsure about an email or a text, don’t click on links within them, or offer any personal details if you do. If in doubt, contact a university through the official channels and check what you’ve been sent is genuine.
This free newsletter will include information on university events added to UniTasterDays, as well as details about new webinars and blog releases for you and your students.
by Rebecca Wills
posted on 22 Feb '24
With so many graduates now entering the job market, a degree alone is not always enough. It is therefore very important that you work on developing your employability skills throughout your time at university, and university careers services are experts in offering a range of support to help you achieve this successfully. I will tell you more about some of the opportunities here.