Clarified: Feenix Student Debt Vs Graduate Bursary
Two pioneering funding schemes by Feenix Trust cater to fiscally challenged South African students at different junctures of their academic journey.
The Feenix Student Debt Bursary helps existing undergraduates clear overwhelming education loans and arrears.
The Feenix Graduate Bursary aids recent graduates still tackling their final debt obligations before entering the workforce.
This guide will decode the target segments, process flows and eligibility norms distinguishing both high-impact bursaries.
Feenix Student Debt Bursary
This bursary alleviates financial stress for current undergraduates in their final academic year who risk being unable to complete their degree due to unmanageable debt accumulated over previous years.
Eligibility Criteria
- South African citizenship
- Age – 35 years or below
- Public university enrollment
- Combined family income under R600,000 p.a.
- Consistent academic performance
- Existing student debt visibility
Bursary Amount
- Partial or full coverage of current outstanding debt
- Determined on a case-by-case basis
Application Timeline
- Opens April-May 2024 for 2024 academic year
So help at the last mile to enable graduation unencumbered by monetary issues.
Feenix Graduate Bursary
This bursary focuses on empowering recent graduates from the 2019 – 2021 cohort still tackling substantial education debt, by clearing the remaining obligations.
Eligibility Parameters
- South African citizenship
- Age – 35 years or below
- Completed undergraduate degree between 2019-2021
- Family income under R600,000 p.a.
- Have minimum R50,000 existing student debt
Bursary Scope
- Partial or full payment of current outstanding debt
- Evaluated on case-by-case basis
Application Windows
- Typically open during April – May annually
So custom solution for fresh graduates weighed down by debt to unlock their earning potential.
Similarities and Differences
While the motive of alleviating student debt burden remains aligned, some vital distinguishing factors exist:
| Debt Bursary | Graduate Bursary | |
|---|---|---|
| Recipients | Current Final Year Students | 2019 – 2021 Graduates |
| Stage | Pre-Graduation | Post-Graduation |
| Amount | Full/Partial Debt Cover | Min R50,000 Debt Funding |
| Result | Enable Degree Completion | Remove Workforce Entry Barrier |
So nuanced targeting ensures needs-based debt resolution when it matters most!
Application Instructions
While timelines differ, process flow is identical:
- Visit Feenix Bursary Website
- Create Profile and Select Bursary Category
- Input Personal, Academic and Financial Information
- Upload Supporting Documents as Proof Points
- Submit Application Before Deadline
- Wait for Review and Status Update
So structured application architecture for a smooth enrollment.
Helpful Links
Get started here:
- Feenix Bursaries Home: https://feenix.org/bursaries
- Student Debt Bursary: https://feenixbursary.org
- Graduate Bursary: https://feenixbursary.org/graduate/
As you progress across pivotal milestones during your education-to-employment journey, hope Feenix can help cross the monetary impediments along the path!
Reach out for any other queries.
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