Are you a South African student from a disadvantaged background with big dreams?
If so, the Cyril Ramaphosa Education Trust (CRET) bursary might be your golden ticket to achieving your academic goals.
This bursary, established by the Cyril Ramaphosa Foundation, aims to uplift deserving students and provide them with the necessary financial support to pursue higher education.
But what exactly does the CRET bursary cover? Let’s find out.
What is the CRET Bursary?
The CRET bursary is a financial aid program established to assist students in overcoming financial obstacles to higher education.
It is aimed at supporting students in various fields, including commerce and finance, education, engineering, sciences, technology, and scarce or critical skills.
The bursary is more than just financial assistance, it offers holistic support, including mentorship and personal development opportunities.
What Expenses Does the CRET Bursary Cover?
The CRET bursary is designed to cover a wide range of expenses to ensure students can focus on their studies without undue financial stress.
While the exact coverage may vary depending on individual circumstances and the institution’s cost structure, the bursary normally covers the following:
- Tuition Fees: This is arguably the most significant expense covered by the bursary. It ensures that students can register for their chosen courses without worrying about upfront costs.
- Textbooks and Study Materials: The bursary often provides funds for purchasing essential textbooks, stationery, and other study materials required for academic success.
- Accommodation: For students residing in student accommodation, the bursary may cover accommodation costs, including rent, utilities, and sometimes meal plans.
- Meals: In some cases, the bursary may include a stipend for meals, especially for students living in university residences.
- Laptop: Access to technology is crucial for modern learning. The CRET bursary may provide funds for purchasing a laptop to facilitate research and assignments.
- Living Allowance: To cater for personal expenses such as transportation, clothing, and miscellaneous costs, students may receive a monthly living allowance.
The final allocation for each student is determined on an individual basis and is subject to the bursary agreement.
How Much is the CRET Bursary Worth?
A common question among potential applicants is the value of the CRET bursary.
The amount awarded varies based on several factors, including the student’s financial need, the cost of the chosen course, and the institution’s fee structure.
CRET aims to provide adequate support to cover essential expenses without exceeding a predetermined cap.
Is Accommodation Included in the CRET Bursary?
Accommodation is often included in the CRET bursary package.
However, the specific coverage depends on individual circumstances and the terms of the bursary agreement.
Some bursaries may cover the full cost of accommodation, while others might provide a partial contribution.
You need to clarify this detail during the application process or upon receiving the bursary offer.
What is the Duration of the CRET Bursary?
The duration of the CRET bursary typically aligns with the length of the academic program.
It is generally awarded for a maximum of five years, provided the recipient maintains satisfactory academic performance and adheres to the terms of the bursary agreement.
What Happens if I Fail My Studies While on CRET Bursary?
The CRET bursary is awarded based on academic merit and financial need.
Failure to meet academic expectations can result in the termination of the bursary.
The specific consequences of academic failure are outlined in the bursary agreement.
You need to maintain a strong academic record to continue benefiting from the bursary.