To obtain a great achievement and pursue your dream, financial circumstances should not be obstacles to you. Bursar office of Avicenna College openly will help our student to complete their study with us. The new students who are going to register here also will be assist by us regarding their study loan application from PTPTN, MARA, and other eligible entity. Person who already contributes to Kumpulan Simpanan Wang Pekerja (KWSP) is highly recommended to study with us by using their saving in KWSP. We are here to establish the process by which new Bursaries, Financial Aid and Scholarships are initiated, developed and approved at the Avicenna College.
Classifications of Bursaries, Financial Aids and Scholarships.
The College classifies Bursaries, Financial Aid and Scholarships into two categories:
- College Funded
- Donor Funded.
*All Bursaries, Financial Aid and Scholarships must be initiated, developed and approved prior to being activated. The requirements that must be satisfied prior to activation are dependent on the classification of the Bursaries, Financial Aid and Scholarships.
Bursary is distributed on the basis of financial needs of the students. In order to apply for a bursary you have to provide a financial disclosure form. The applicants have to meet certain requirements of geography or demography to get bursaries. Extracurricular activities such as athletics and community work are also considered to receive a bursary. You don’t need to pay back the money you received as a bursary; it is a non-repayable grant. But you may have to repay a certain percentage of bursaries received by you in that academic year in case you discontinue the course or take a leave of absence from that course.
Most of the independent schools offer bursaries. Bursaries are also provided by individual or organizations like NGO’s, charities and etc. To obtain a bursary you have to provide evidence of earnings like family pay slips. Institutions award two types of bursary. First one is mean-tested bursary available for students whose parents earn money per annum below a particular amount. People who earns lowest amount will get a full bursary and the amount of bursary decreases when the parental earnings increases. Second type of bursary is based on performance of the student, which is a scholarship.
Bursary office is any grant or scholarship, loan, or paid employment offered to helps students and their families pay for college. This financial assistance covers educational expenses including tuition and fees, room and board, books and supplies, and transportation. Such aid is usually provided by various sources such as federal and state agencies, colleges, high schools, foundations, and corporations.
The amount of Bursary office that a student receives is determined through federal, state and institutional guidelines. There are several types of financial aid, including grants and scholarships, work-study and loans. Financial aid awards may include a combination of the various types of aid Grants include aid the student receives that need not be repaid; loans must be repaid. Interest rates and repayment terms vary by program. Employment is aid based on an hourly rate for work performed.
Generally, scholarships and fellowships are reserved for students with special qualifications, such as academic, athletic or artistic talent. A scholarship is a financial award given to a student on the basis of academic achievement. Scholarships do not have to be repaid. Financial need is also considered between candidates of equal achievement. The grades from the last year school are also counted while applying for scholarships. Sometimes volunteer and extracurricular activities are also taken into account for obtaining a scholarship. Most important things required to obtain a scholarship is to provide grades and resumes. Students can find out the institutions that offer scholarships for students who are good in academics. Sometimes the students are automatically eligible for scholarships when they apply for admission. Some of the institutions ask the students to fill out an application for a scholarship separately. Besides, we are offering a ‘mystery’ amount of scholarship to the person who are register with us for first 50 students for our main course which is Diploma in Opticianry and other courses as well.