NYDA Bursary For Actuarial Science Students 2022 | How to apply for NYDA bursary program 2022/2023, application forms, basic requirements, and application closing date 2022.
Are you a student looking for Companies that offer Actuarial Science Bursaries in South Africa 2022? NYDA invites an application from suitably and qualifies students for their bursary program 2022.
Bursaries for Actuarial Science are perfect for individuals who have strong mathematical aptitudes as it includes statistics, financial theories, costs and mathematical equations. Strong knowledge in computer programs is also an advantage as one is likely to be using some modeling software. . It is not the easiest degree to get a hold on.
There are a variety of companies offering Actuarial Science Bursaries in South Africa. Here are some of the companies one can consider if planning to study in this field.
If you are successfully enrolled with a University you can apply for an Actuarial Science Bursary.
Every day, Actuarial Science Students are pondering the net about:
- How to Apply for Actuarial Science Bursary?
- Companies offering Bursaries in South Africa for Actuarial Science Students?
- Who Qualifies for a Bursary in South Africa?
- How Do You Get Actuarial Science Bursary?
- How Does Actuarial Science Bursary Work?
Let’s dive into the full information about NYDA bursaries and application details in 2022.
A bursary is a monetary award made by any educational institution or funding authority to individuals or groups. It is usually awarded to enable a student to attend school, university, or college when they might not be able to, otherwise. Some awards are aimed at encouraging specific groups or individuals into the study.
NYDA Bursary Progam 2022/2023 – Application Details
The NYDA has a variety of bursaries / scholarships available. The NYDA bursary fund has two applications available for candidates. The first is for secondary education, and the second is for further education. They also have funding available in conjunction with other agencies, such as the NYDA Solomon Mahlangu Scholarship / Bursary fund.
The NYDA wishes to aid candidates from previously disadvantaged background, that are in need of financial aid to complete their high school education and/or study at Colleges, to do so. With this funding all and any field of study is made available.
The NYDA believe that the youth is the future of South Africa, and all ought to have an equal opportunity to study. Their bursaries will equip the youth with knowledge, skills and the ability to provide for themselves and their families. Allowing them to become contributing, responsible adults.
Their first two bursaries provides for candidates in Grade 7 – 11, as well as candidates in Grade 8 – 12. The bursary for Colleges provide full time study for N1 – N6, only available at FET Colleges throughout South Africa. There are three closing dates for these bursaries and they are as follow:
- 1st Trimester or Semester – 31st October
- 2nd Trimester or Semester – 31st March / 31st May
- 3rd Trimester or Semester – 31st July
The NYDA’s Solomon Mahlangu Bursary fund is also in aid of empowering the youth of South Africa. Their main focus is to aid those from rural areas. Candidates whom have an outstanding academic background, which is motivated towards gaining a degree, is invited to apply. These will be offered through a range of selected Universities or the University of Technology. They offer more than a hundred bursaries per year.
The following will be included in the National Youth Development Agency bursaries, however candidates must know that all funds will be paid to the chosen Institute, for study.
The bursary will cover:
- Full Cost of Tuition
- Full Cost of Books or Prescribed Learning Materials
- Full Cost of University Accommodation
- Full Cost of University Meals
Private accommodation will ONLY be looked at if candidate has applied for accommodation on time, but could not be accommodated.
NYDA National Youth Development Agency Bursaries Available
The NYDA tries to cover all areas within the workforce. They provide the youth with further study to fill positions within all parts of state departments, the private sector over and above all sectors within society. They aid in building up the country’s economy while also assisting in sustainable living.
They have the following fields of study available:
- Law
- Manufacturing
- Nuclear
- Engineering
- Infrastructure
- Development
- Mining Industry
- Health Care
- Science
- Project Management
- Agriculture
- IT Industries
- Economy
- Accounting
- Aerospace Industry
- Financial Management
- Tourism
- ICT
- Journalism
- Pharmacy
- Supply Chain
NYDA Bursary Requirements
Candidates who wish to apply for the NYDA bursary must adhere to all requirements. Candidates must be under the age of 25 and a South African citizen.
Candidates must supply the following:
- ID documentation of applicant
- ID documentation of parents / legal guardian
- Proof of income or parent / legal guardian
- Admission acceptance to one of the Universities in South Africa
- Grade 12 Results
- Must hold a minimum of 70% in their NSC exams
- Proof of residence
Candidates residing in a rural area will be looked at first. Candidates must ensure all documentation is certified copies when attaching to application form. Late or incomplete applications will be dismissed. Candidates must remember that all financial records will be checked, thus it is advised to not apply if you are not truly in financial stress.
Candidates must be open and honest at all times, when asked for a spending budget, please keep in mind, it is only for necessities, thus if you ask for too much, you may be disqualified.
Basic Requirements for Actuarial Science Bursaries
Applicants wanting to study in this field must meet the stipulations as set out by each company to apply for a bursary. Basic stipulations may include the following and more:
- You must have a valid ID document and be a South African citizen.
- Must have excellent academic records.
- You must have a need for financial aid and proof.
- May be required to provide parents or guardians ID documents.
- Must be able to work individually and as part of a team.
- Exceptional language skills for communication is ideal.
- Must be analytical thinkers with problem-solving skills.
- Must have great mathematic skills and be creative.
If solving mathematical problems and balancing number is what you are good at, then a career in this field may be ideal.
NYDA Bursary Online Application Forms
Online applications for each bursary can be found online.
NYDA Bursary Contact Details
The NYDA Bursary Program
11 Broadwalk Avenue
Halfway House
1685
For any additional detail candidates can contact:
Sihle Mlaba
Or call 08600 YOUTH (96884
Or visit www.nyda.gov.za
NYDA Bursary Closing Date
The NYDA Solomon Mahlangu Bursary fund closes applications with the end of January each year.
Candidates are urged to please complete the application form fully, thus leaving NO empty spaces, and ensuring it is signed. Please share your future plans, ideals and all you feel may be of value with the NYDA. It is therefore advised to send a cover letter with your application, stating all of these and sufficient information about yourself with your application. Also please indicate why you feel you will be of value to the fund.
Make sure to read every detail of your Bursary contract. Not every company offers the same rewards and some companies will ask you to work for them as long as you have held the bursary.
Where Can You Study Actuarial Science in South Africa?
Luckily you can study Actuarial Science at most Universities in the country.
However, if you have queries regarding the NYDA bursary application 2022, Please kindly DROP A COMMENT below and we will respond to it as soon as possible.
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