Bursary vs Scholarship in South Africa: 7 Key Differences

Funding is important to fuel your studies, subsequently, knowing which type of funding to apply for is just as crucial. 

Most students miss out on opportunities as they're not sure of the difference between bursary vs scholarship. Both ease your financial burdens, but they're benefits and requirements differ.

If you’re planning to apply for a bursary or apply for scholarships, knowing how each one works can help you choose the right opportunities, and improve your chances of getting funded.

Read more to learn about how a bursary differs from a scholarship. 

What is a Bursary

A bursary is financial support given to students who cannot afford to pay for their studies on their own.

In South Africa, bursaries are commonly offered by:

• Government departments
• Private companies
• SETAs and organisations

Most bursaries focus on financial need, but some of them also consider your academic results.

How do bursaries work in South Africa?

• You apply through a company or institution. Applications can be made online, via email, or post.
• If approved, the bursary provider will cover part or all of your study costs
• Many bursaries require a work-back arrangement after graduation
• You must maintain a certain academic standard to continue receiving a bursary

Before you apply for a bursary, make sure you know how to structure your application. 

A good motivational letter can make a big difference, see our guide on Bursary Motivational Letter to better your chances.

What is a Scholarship?

A scholarship is funding awarded mainly based on academic excellence, talent, or achievements.

Scholarships are usually offered by:

• Universities
• International organisations
• Foundations

Generally, scholarships are for high-performing students with leadership skills. They're also target creative or athletic learners.

Important Things to Know about Scholarships

They're: 

• Merit-based (marks, achievements, talent)
• Usually no repayment required
• Available locally and as international scholarships
• Some are fully funded (covering all your expenses, including flights and medical expenses)

Bursary vs Scholarship in South Africa

In South Africa, bursaries are more common than scholarships. Most companies offer bursaries to help build future employees and bridge industry gaps.

Work back agreements at the company are normal. However, government funding like NSFAS don't require one. 

Scholarships, on the other hand, are more competitive and focus on top academic performers. Some may even offer opportunities to study abroad.

Additionally, you can get bursaries that fund private colleges in South Africa. 

7 Key Differences Between a Bursary vs Scholarship

Tips on Applying for Bursary vs Scholarship

Knowing the distinction between a bursary is great, however you must be aware of the application process for each one. We've compiled a brief overview of how to apply for a bursary or scholarship. Additionally, current bursaries are listed, so you don't have to find one from scratch.

How to Apply for a Bursary

• Be honest about your financial situation
• Prepare required documents early (ID, results, proof of income)
• Write a strong motivational letter
• Apply before deadlines (many close early)

Now that you knowledgeable on what a bursary is and how to apply for one. Here are open bursaries in south africa you can apply to before they close:

• Sanlam Acturial Bursary 2026
• Aviation Bursary 2026: SACAA

How to Apply for Scholarship

• Focus on your achievements and strengths
• Maintain strong academic results
• Highlight leadership and extracurricular activities
• Apply widely, including international scholarships

List of open scholarships you can apply to: 

• Agriculture Bursary 2027 - Postgraduate Scholarship
• TETA WMU Scholarship 2026

FAQs on Bursary vs Scholarship

• Which is better, a scholarship or a bursary?It depends on your situation. Scholarships offer more benefits if you have strong marks, while bursaries are better if you need financial support.
• What is the difference between a scholarship and a bursary? A scholarship is based on merit (marks or talent), while a bursary is mainly based on financial need.
• Is bursary the same as scholarship? No. They are both funding options, but they have different requirements, benefits, and expectations.
• Do you have to pay back a bursary? Not in cash, but many bursaries require you to work for the sponsor after completing your studies.
• How do bursaries work in South Africa? You apply through companies or institutions. If selected, they fund your studies and may require you to work for them after graduation.

Final Thoughts on Bursary vs Scholarship

The main difference between a bursary vs scholarship is that a bursary solves a financial need, while a scholarship is awarded for excellence.

Each funding option helps you reduce financial stress, further your education, and kickstart your career. Knowing which one to apply for makes things easier. 

Want to study medicine but have no funds? Apply for a bursary. If you excel in arts, sports, or academics, go for a scholarship.

Sometimes, you don't have to choose. Where possible, apply for both and maximise your funding.