How Much is the TTI Bursary Monthly Allowance?
One of the key benefits provided to TTI bursary recipients is a monthly allowance. This allowance contributes towards covering your essential living expenses while studying.
But what exactly is the amount you’ll receive each month through your TTI bursary? In this comprehensive guide, we analyse the key factors determining your personalized TTI bursary allowance amount.
Overview of TTI Bursary Allowance
First, let’s understand the context and purpose of the TTI bursary monthly allowance.
The TTI bursary aims to support students not just with tuition fees but also living costs like food, housing, transport etc. This enables recipients to fully focus on their academics without financial limitations.
To this end, the bursary provides a monthly living allowance in addition to covering your tuition and registration fees.
This regular allowance can be used towards costs like:
- Renting student accommodation near your campus
- Purchasing groceries and daily meals
- Commuting expenses like bus/taxi fares
- Stationery, printing, and photocopying
- Personal healthcare items
The allowance amount is carefully set to enable access to suitable housing, regular nutritious meals, transport, and other student necessities.
It is not intended for financing luxury expenditures – you’re expected to use it responsibly in line with its purpose.
Now let’s look at key variables that determine your specific TTI bursary allowance amount.
Factors That Determine Allowance Amount
As you may have realized, the TTI allowance amount is not fixed. Several factors come into play, including:
1. Specific Bursary Program
TTI offers bursaries on behalf of various corporate sponsors. Different companies and foundations have different budget allocations.
For example, the monthly allowance on the Sasol bursary may be higher than the allowance on the Old Mutual bursary.
So the particular bursary you are awarded determines the allowance value to an extent.
2. Study Location and Institution
The province and city where your tertiary institution is located also impacts your allowance amount.
This is because the cost of living varies significantly across different parts of South Africa. Rental, food, transport costs in Johannesburg will understandably be higher than a rural town for instance.
To account for this, TTI benchmarks living costs in different areas when setting location-based allowance amounts.
Whether you study at UCT, Unisa, DUT or CPUT results in differences in the monthly amount.
3. Type of Accommodation
TTI structures the allowance based on average rental costs for student housing options in your location.
This means the amount assumes you will take:
- University on/off-campus residences
- Accredited private student apartments/halls
- Shared student accommodations near campus
If you opt for more expensive non-student housing, your allowance will remain the same – you’ll have to supplement the shortfall.
So your choice of accommodation affects the allowance you receive.
4. Level of Study
Finally, your academic stage also influences your TTI bursary allowance value.
Masters and doctoral candidates may receive a higher monthly amount than undergraduate students for instance.
This is because senior students generally have greater financial responsibilities. The allowance caters for this.
In summary, while TTI covers essential living costs, your exact rand allowance depends on:
- Your specific bursary sponsor
- Location of your institution
- Choice of student accommodation
- Level of your studies
This enables customized support based on your unique situation.
How to Find Your Exact Allowance Amount
Now that you understand the factors impacting the allowance amount, how do you determine your exact monthly value?
Here are steps to find your personalized TTI allowance:
Check Your TTI Student Profile
Once you accept a TTI bursary, you gain access to the TTI Student Portal.
Log in and navigate to your bursary program page. It contains a breakdown of your bursary benefits.
Your monthly allowance amount should be displayed under the “Living Allowance” or similar section.
If not visible, contact TTI to update your profile with the allowance details.
Verify Your Bursary Award Letter
When awarded a TTI bursary, you receive a formal award letter by email/post.
Thoroughly check this letter, as it normally lists the monthly allowance value along with other bursary details.
Follow up if your allowance amount is not specified in the letter.
Ask TTI Directly
If you can’t find your allowance amount in your student profile or award letter, take it up directly with TTI:
Email: [email protected]
Phone: 010 593 8600
Provide your name, ID, institution, bursary program etc. and request them to confirm your monthly allowance amount in writing.
TTI should be able to look up your bursary details and provide the specific figure.
SEE How to Check Your TTI Bursary Application Status
Planning Finances Around Allowance
Once you know your TTI allowance amount, you can budget wisely:
- Track income and expenses diligently each month
- Prioritize necessities like housing, food, transport in your budget
- Choose cost-effective student housing options
- Cook your own meals and avoid expensive takeaways
- Look for discounts, free food, entertainment options
- Find part-time work or tutoring to supplement income
- Build emergency savings for unexpected costs
With smart planning, your TTI allowance can sufficiently cover your core student living costs.
Get in Touch With TTI
I hope this guide gives you clarity on what to expect from your TTI bursary monthly living allowance.
Don’t hesitate to contact TTI if you have any other questions:
Email: [email protected]
Phone: 010 593 8600
Website: www.ttibursaries.co.za
Their team can help with any queries related to allowances or other bursary matters.
All the best with your bursary application and studies ahead!
Conclusion
- The TTI bursary monthly allowance amount varies based on your specific bursary, study location, accommodation type and academic level.
- To find your exact allowance amount, check your TTI student profile, award letter, or contact TTI directly.
- Budget prudently within this allowance to cover your core living costs like housing, food and transport.
- Supplement through part-time work if you require additional income. Seek help from TTI if needed.
FAQs
When is the TTI bursary monthly allowance paid out?
The living allowance is paid monthly directly to your bank account, typically in the first week of each month. The first payment is received once you submit signed bursary contracts.
Can I use the TTI allowance for educational costs like textbooks and stationery?
No, the monthly allowance is only for living expenses. Your annual book allowance covers textbooks and stationery. Budget accordingly.
What happens if I spend my entire TTI allowance but still have uncovered living costs?
You are expected to budget your allowance for necessities. But speak to your TTI administrator if you require additional financial assistance.
Does TTI provide any upfront amounts for initial expenses after getting the bursary?
No, TTI does not pay any upfront amounts. You receive a fixed monthly living allowance only. So save in advance for initial expenses.
If I take an educational loan, will it affect my TTI bursary allowance?
Yes, you must disclose any additional funding to TTI. Based on your total funding, they may revise the monthly allowance amount granted.
ALSO SEE:
Fasset Bursary Monthly Allowance
Fasset Bursary Benefits Revealed