Financial Services Board (FSB) Bursary 2024/2025

The Financial Services Board (FSB) is offering a bursary program for students pursuing an Actuarial Science qualification at the University of Pretoria or the University of Witwatersrand. This bursary aims to support previously disadvantaged students who may not have the necessary funds to pursue their studies. By providing financial assistance, the FSB hopes to create opportunities for these students to excel in their academic journey.

The FSB bursary covers a range of study expenses, including registration fees, tuition fees, books, materials, accommodation, and living expenses. This comprehensive support ensures that students can focus on their studies without worrying about the financial burden. Apart from financial aid, successful recipients of the bursary also receive experiential learning training, providing them with practical skills and exposure to the industry.

One of the unique aspects of the FSB bursary is that it guarantees employment upon completion of the Actuarial Science qualification. This not only provides students with financial security but also opens doors to a successful career in the financial services industry. With this bursary, the FSB is committed to nurturing talented individuals and contributing to the transformation of the industry in South Africa.

If you are passionate about Actuarial Science and meet the eligibility criteria, the FSB bursary could be an excellent opportunity for you to pursue your dreams. Don’t miss out on this chance to receive financial support, experiential learning, and guaranteed employment.

Key Takeaways:

• The FSB offers a bursary program for Actuarial Science students at the University of Pretoria and the University of Witwatersrand.
• The bursary is aimed at previously disadvantaged students who lack the necessary funding for their studies.
• It covers various study expenses including registration fees, tuition fees, books, accommodation, and living expenses.
• Recipients of the bursary also receive experiential learning training and are guaranteed employment upon qualification.
• The application process requires an application letter, curriculum vitae, and academic records.

Eligibility Criteria for FSB Bursary

To be eligible for the Financial Services Board (FSB) bursary, you must meet specific eligibility criteria. These criteria ensure that the bursary is awarded to deserving South African students with a passion for Actuarial Science and a commitment to academic excellence. Here are the key eligibility requirements:

1. You must be a South African citizen, holding a valid South African ID document.
2. You should have a good academic record, demonstrating your commitment and ability to excel academically.
3. Preference is given to students from previously disadvantaged backgrounds, providing an opportunity for equal access to education and empowering individuals who may not have the financial means to pursue their studies.
4. If you are currently in matric or have completed matric, you may be considered for the bursary. Matric students must have achieved a minimum A symbol in Mathematics and have applied to study Actuarial Science at either the University of Pretoria or the University of Witwatersrand.
5. If you are a current university student, you must have successfully completed your first year of study towards an Actuarial Science qualification. Additionally, you must have achieved a minimum overall average of 66% in your previous academic year. It is essential to note that you must be studying at either the University of Pretoria or the University of Witwatersrand to be eligible for the FSB bursary.

By meeting these eligibility criteria, you can take an important step towards securing the Financial Services Board (FSB) bursary and pursuing your dream of obtaining an Actuarial Science qualification. Don’t miss this fantastic opportunity to receive financial support and further your academic journey.

Application Process for FSB Bursary

To apply for the FSB bursary, you need to follow a straightforward application process. Make sure to carefully read and adhere to all the requirements and deadlines to maximize your chances of being considered for the bursary.

Gather the Required Documents

The first step is to gather all the necessary documents for your application. You will need:

• An ID document (certified copy) to verify your identity and citizenship.
• An application letter where you explain and motivate why you should receive the FSB bursary.
• A brief curriculum vitae (CV) highlighting your educational background, work experience (if any), and any relevant achievements or extracurricular activities.
• If you are a current matric student, you should also provide your Grade 11 final results and Matric mid-year results.
• For current university students, you will need to submit your latest tertiary academic results.

Submit Your Application

Once you have gathered all the required documents, you can submit your application. The closing date for applications is 31 August, so make sure to submit your application before this date to be considered.

You can choose to submit your application via email or post using the provided contact details. Whichever method you choose, ensure that all your documents are included and clearly labeled.

After submitting your application, you will receive a confirmation of receipt from the Financial Services Board (FSB). Keep this confirmation safe for future reference.

Once the application period has closed, the selection process will begin. The FSB will evaluate all the applications and select successful candidates based on their eligibility and the quality of their application materials.

If you are selected as a recipient of the FSB bursary, you will be notified by the FSB and provided with further instructions regarding the bursary terms and conditions.

Don’t miss out on this opportunity to secure financial support for your Actuarial Science studies. Start preparing your application today and submit it before the closing date to be considered for the FSB bursary.

Financial Aid for FSB Bursary

The Financial Services Board (FSB) bursary provides valuable financial aid to previously disadvantaged students, ensuring they have the opportunity to pursue their studies without financial barriers. The FSB bursary covers a wide range of study expenses, including registration fees, tuition fees, prescribed books, study materials, stationery, meals, accommodation, internet usage, laptops, and monthly living expenses.

Through this comprehensive financial aid package, the FSB bursary aims to alleviate the financial burden on students, enabling them to focus on their education and excel in their chosen field. By providing support for essential study-related costs, the FSB bursary ensures that students have access to the resources they need to succeed.

Recipients of the FSB bursary also benefit from experiential learning training opportunities. These opportunities enable students to gain practical experience and apply their knowledge in real-world scenarios. The experiential learning training takes place for a minimum of 4 weeks per annum, during university holidays, further enhancing the students’ skills and preparing them for their future careers.

One of the most significant advantages of the FSB bursary is the guaranteed employment it offers upon completion of the students’ qualifications. This means that beneficiaries of the bursary can pursue their studies with the assurance of employment in the financial services industry upon graduation. The combination of financial aid and guaranteed employment creates a pathway to success for previously disadvantaged students, empowering them to overcome socio-economic barriers and build a prosperous future.

By providing financial aid, experiential learning training, and guaranteed employment, the FSB bursary plays a crucial role in promoting inclusivity, diversity, and the transformation of the financial services industry in South Africa.

Study Expenses Covered by the FSB Bursary

1. Registration fees
2. Tuition fees
3. Prescribed books
4. Study materials
5. Stationery
6. Meals
7. Accommodation
8. Internet usage
9. Laptop
10. Monthly living expenses

Contact Information for FSB Bursary

If you need more details about the Financial Services Board (FSB) bursary or want to check the status of your application, we encourage you to contact the FSB directly. The FSB is dedicated to providing assistance and support to students throughout the bursary process.

The designated contact person for bursary queries is Mr. Lordwin Shai. Mr. Shai can be reached at the following telephone number:

Contact Person: Mr. Lordwin Shai

Telephone: [Insert telephone number]

For any inquiries regarding the FSB bursary, don’t hesitate to reach out to Mr. Shai. He will be more than happy to provide you with the necessary information and guidance.

Other Bursary Opportunities

In addition to the Financial Services Board (FSB) bursary, there are numerous other bursary opportunities available in South Africa. These bursaries are offered by various universities, government departments, and industries, providing support for students in specific fields of study. By exploring these bursaries, you can find opportunities that align with your academic interests and career goals.

Fields of Study

Here are some of the fields that offer bursaries:

• Accounting
• Arts
• Commerce
• Computer Science and IT
• Construction and Built Environment
• Education
• Engineering
• Government
• Law
• Postgraduate Studies
• Medical
• Science

These are just a few examples, and there are many more bursaries available in various other fields. Each field offers unique opportunities for students to receive financial assistance to pursue their educational goals.

Conclusion

The Financial Services Board (FSB) Bursary 2024/2025 presents a valuable opportunity for students pursuing an Actuarial Science qualification at the University of Pretoria or the University of Witwatersrand. This bursary not only provides the essential financial support students need but also includes experiential learning training to enhance their practical skills.

By offering guaranteed employment upon completion of their qualifications, the FSB bursary plays a crucial role in empowering previously disadvantaged students in South Africa. Not only does it assist in financial transformation, but it also contributes to the overall transformation and diversification of the country’s financial services industry.

If you are studying Actuarial Science and meet the eligibility criteria, consider applying for the Financial Services Board (FSB) Bursary 2024/2025 to secure the necessary resources and support needed to excel in your studies. This opportunity can help shape your future and open doors to a promising career in the financial services sector.

Source Links

• https://applysa.co.za/financial-services-board-fsb-bursary/
• https://zainfo.co.za/financial-services-board-fsb-bursary-south-africa
• https://o3schools.com/science-bursaries/