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 Articles
  1. Don't Forget The Kids: Save For Their ...
    Savings

    Don't Forget The Kids: Save For Their ...

  2. Invest In Yourself With A College Education
    Economics

    Invest In Yourself With A College Education

  3. Investing In Your Child's Education
    Insurance

    Investing In Your Child's Education

  4. Choosing The Right 529 Education Savings ...
    Savings

    Choosing The Right 529 Education Savings ...

comments powered by Disqus
Hot Definitions
  1. Halloween Massacre

    Canada's decision to tax all income trusts domiciled in Canada. In October 2006, Canada's minister of finance, Jim Flaherty, ...
  2. Zombies

    Companies that continue to operate even though they are insolvent or near bankruptcy. Zombies often become casualties to ...
  3. Witching Hour

    The last hour of stock trading between 3pm (when the bond market closes) and 4pm EST. Witching hour is typically controlled ...
  4. October Effect

    The theory that stocks tend to decline during the month of October. The October effect is considered mainly to be a psychological ...
  5. Repurchase Agreement - Repo

    A form of short-term borrowing for dealers in government securities.
  6. Correlation

    In the world of finance, a statistical measure of how two securities move in relation to each other. Correlations are used ...
Trading Center