Are you an undergraduate student that completed your degree in 2020 or 2021 in certain STEM or finance fields with some student debt to your name? Are you looking to complete your studies without having to worry about the financial stress that comes with that debt?
Well, have we got the bursary for you! Feenix is now inviting students to apply for its bursary programs.
It’s a great opportunity for anyone who wants to take their education a step further without the financial burden that comes with it.
If you think you are eligible for this bursary, then you need to apply right away.
Closing Date
The Feenix Student Debt Bursary application period will end on 30 September 2022 for the Graduate Bursary and 14 October 2022 for the Debt Bursary.
Please make sure to submit your application and any other supporting materials by this date.
Your application won’t be taken into account by the bursary provider if you don’t do this.
What Is This Bursary About?
Feenix was created in reaction to the #FeesMustFall movement, which gained traction among university students in South Africa in 2015 and 2016. Standard Bank was one of the original partners of Feenix, a public benefit organization and, a crowd-funding platform.
Feenix offers three ways to support students at public universities:
1. Crowdfunding: In order to raise money for their unpaid university tuition, students can publish their personal stories on the crowdfunding website.
2. Bursary programs: These programs enable organizations to finance university students who still owe money on their student loans.
3. Full student support: Students get all-around development assistance to make sure they succeed in school and in the workforce.
For funder reporting reasons, bursary recipients must provide progress reports throughout the course of the following 12 months (to determine if the candidate is continuing with their studies or has found employment).
Before a final decision is made, selected candidates for the Feenix Debt Bursary award will have to show proof that they have finished their degrees by February 2023. Successful students will get their bursaries in March 2023.
Candidates that are selected will be notified by phone and email.
Who Can Apply
The following fields of study will be eligible for bursaries:
- Data Science, Engineering, Finance, Commerce, and Information Technology.
Before applying, candidates must meet the minimum admission requirements listed below (please note that if you do not meet all of the requirements, your application will not be considered):
Feenix Graduate Bursary for 2022:
- You must be a resident of South Africa.
- 35 years of age or less is the minimum age.
- Your undergraduate degree must have been earned in 2020 or 2021 for any of the fields mentioned above.
- You must have finished your undergraduate studies at one of South Africa’s 26 public universities (the bursary will NOT cover postgraduate degrees or diplomas).
- You must NOT have enrolled in any further coursework in 2022.
- You must still owe money on your school loans.
- You must be planning to use your degree to get a job.
- You must make less than R600,000 annually overall as a household (or less than R850 000 per annum, if you have a disability).
- The Feenix Bursary Conditions must be read and accepted.
Feenix 2022 Debt Bursary:
- You must be a resident of South Africa.
- 35 years of age or less is the minimum age.
- You must be enrolled in undergraduate coursework in one of the following fields: Engineering, data science, IT, financial services, or commerce (the bursary will NOT cover postgraduate degrees).
- By December 2022, you must be in your final year of school and close to earning your undergraduate degree.
- You must be enrolled and pursuing your education at one of South Africa’s 26 public universities.
- You must be in debt from your education, either currently or in the past.
- You must make less than R600,000 annually overall as a household (or less than R850 000 per annum, if you have a disability).
- The Feenix Bursary Conditions must be read and accepted.
What Does This Bursary Cover?
The bursary will pay for everything listed on the recipient’s fee statement, including tuition and lodging costs, and Feenix will offer partial or full coverage for any outstanding student debt or historical debt.
Additionally, candidates will have access to “Blackbullion South Africa,” a platform for financial literacy that has won numerous awards internationally. This platform offers engaging and timely content to aid South Africans in making better financial decisions before, during, and after university.
How To Apply
Applications are quite simple for this bursary. All you need to do is complete the following online application forms depending on what bursary you’re applying for.
Feenix Graduate Bursary Application Form
Feenix Debt Bursary Application 2022
The following supporting documents must be included with your application in clear copies; if any are absent, your application risked being rejected. Submission of these documents is required.
Applicants for the Graduate Bursary:
- ID card or all sides of the ID document (certified copy, not older than 6 months).
- evidence of a degree earned in 2020 or 2021.
- school records, if any are accessible (on institution’s letterhead).
- Official fee statement that includes all outstanding debt (stamped, not more than 30 days old, on the institution’s letterhead) (Fee quotes and proof of registration will not be accepted.)
- ID number of the parents, guardians, or spouse to confirm the entire household income.
- Motivational letter with the following subjects as its foundation: “How would you describe your personal brand?” and “What makes your future worth investing in?”
- A note from your doctor describing your disability, if you have one.
Applicants for the Debt Bursary:
- ID card or all sides of the ID document (certified copy, not older than 6 months).
- proof of enrollment for the school year 2022 at a public university (on institution’s letterhead).
- school records, if any are accessible (on institution’s letterhead).
- Official fee statement that includes all outstanding debt (stamped, not more than 30 days old, on the institution’s letterhead) (Fee quotes and proof of registration will not be accepted.)
- ID number of the parents, guardians, or spouse to confirm the entire household income.
- Motivational letter with the following subjects as its foundation: “How would you describe your personal brand?” and “What makes your future worth investing in?”
- A note from your doctor describing your disability, if you have one.
Please be aware that you cannot save and return to your application, thus you must have your supporting documents available on your device (computer, laptop, tablet, cellphone, etc.) when applying. Your application and supporting materials must be turned in all at once.
Contact Information
If you have any questions about this Bursary, then you can get in touch with Feenix directly through the following means:
Email: support@feenixbursary.org
Tel: 063 968 7544
Good luck with your application!