Bursary Award

AAA

DEFINITION of 'Bursary Award'

A type of financial award provided to certain students to assist with the costs associated with attending a college or university. A bursary award, or simply bursary, is a monetary award provided to students based on financial need and/or academic performance. A bursary award is provided to the student by the educational institution.

INVESTOPEDIA EXPLAINS 'Bursary Award'

Bursary awards are part of the Canadian and United Kingdom financial aid programs. Bursary awards are not repaid, and are used to provide certain students with money to cover gaps between the amount of financial aid a student needs to attend the school and any available government assistance that he or she is eligible for.

RELATED TERMS
  1. Award Letter

    Documentation sent from a college or university to the student ...
  2. Cost Of Attendance

    A figure provided by colleges and/or college financial offices ...
  3. Prepaid Tuition Program

    One of the two major types of 529 plans. Prepaid tuition plans ...
  4. Education Loan

    Money borrowed to finance education or school related expenses. ...
  5. Tuition Insurance

    A type of insurance that allows families to recoup some or all ...
  6. Education IRA

    A savings plan for higher education. Parents and guardians are ...
RELATED FAQS
  1. No results found.
Related Articles
  1. Savings

    Don't Forget The Kids: Save For Their Education And Retirement

    Retirement and education financing are the two most important planning items for taxpayers.
  2. Economics

    Invest In Yourself With A College Education

    Spending a few thousand dollars on school could help you earn millions more.
  3. Insurance

    Investing In Your Child's Education

    Overwhelmed by increasing tuition costs for your kids? The U.S. government can help.
  4. Savings

    Choosing The Right 529 Education Savings Plan

    Before you fund one of these education-savings vehicles, be sure you know their differences.
  5. Taxes

    Clearing Up Tax Confusion For College Savings Accounts

    Put your kids through school without being hounded by the tax man.
  6. Savings

    5 Ways To Fund A College Education

    You can go to college without going broke, but it may take an unconventional approach.
  7. Credit & Loans

    Save On College Budget Busters

    Post-secondary education is expensive, but these tips can help reduce your costs - and the amount of money you have to borrow.
  8. Options & Futures

    Paying For College In An Economic Downturn

    There are many ways to fund a child's education including loans, scholarships, grants and protecting your investments.
  9. Taxes

    Student Tax Breaks

    Education bills may not be as stressful as you think - these student tax breaks can help!
  10. Retirement

    Attend Grad School For Free

    Securing funding for your education isn't always the easiest thing to do, but there are some ways to get assistance.

You May Also Like

Hot Definitions
  1. Technical Skills

    1. The knowledge and abilities needed to accomplish mathematical, engineering, scientific or computer-related duties, as ...
  2. Prepaid Expense

    A type of asset that arises on a balance sheet as a result of business making payments for goods and services to be received ...
  3. Gordon Growth Model

    A model for determining the intrinsic value of a stock, based on a future series of dividends that grow at a constant rate. ...
  4. Cost Accounting

    A type of accounting process that aims to capture a company's costs of production by assessing the input costs of each step ...
  5. Law Of Supply

    A microeconomic law stating that, all other factors being equal, as the price of a good or service increases, the quantity ...
  6. Investment Grade

    A rating that indicates that a municipal or corporate bond has a relatively low risk of default. Bond rating firms, such ...
Trading Center