Monday 16 December 2019
Whether you’re a parent of a school-leaver eagerly (or not) waiting for their HSC results, or you’re a returning gap-year adventurer ready to take a leap into university - if you live rurally you may want to familiarise yourself with the Bendigo and Adelaide Bank scholarship.
Applications are now officially being taken for the program, which has been designed for students intending to study an undergraduate degree full-time at uni or TAFE for the first time in 2020 and who have left school in 2018 or 2019.
Alexandra Gartmann, Bendigo and Adelaide Bank Executive Partnerships and CEO Rural Bank says that providing first-time uni students with financial assistance supports them as they adjust and focus predominantly on their studies.
“We all know education is critical in a person’s life and in today’s rapidly changing world it sets our young people up for success,” she said.
“Students from regional areas across Australia should be given the same opportunities as their metropolitan counterparts, especially those who encounter challenges such as high relocation costs and away from home living expenses.”
Each scholarship is up to $5,000 in value and are awarded to high achieving rural or regional students that face financial or social disadvantage, affecting their ability to support themselves while attending university.
This year, over $1 million was allocated to the scholarship program for students, which included not only the Bendigo and Adelaide Bank scholarship but also scholarships from other participating Community Banks and the Rural Bank scholarships.
“This financial contribution is just one way in which we invest in our young people, and it is an extension of the significant contribution we make to Australian communities through our Community Bank network,” Ms Gartmann said.
“To date, we have given back $229 million nationally, with more than $3.4 million specifically allocated to education and research projects during the 2019/2019 financial year.”
And since ATARs and HSC results are set to be released tomorrow, and university offers will start rolling out next week, now could be the time to start getting ready to apply.
While the Bendigo and Adelaide Bank scholarship is a great way to help students afford the heavy costs of university, it’s not just for anyone.
The scholarship is designed specifically for students living in rural or regional Australia, and there is a handful of other criteria that must be met to be considered, such as:
REMEMBER: If you or your child intends to defer any offer they receive from a uni this year, they aren’t eligible for the scholarship. The funds must be used for study commencing in 2020.
Bendigo and Adelaide Bank’s scholarship is in place to support future tertiary students with the costs that come with leaving home to attend university.
This scholarship award is valued at $5,000 per student, and is intended to cover a full year of study. However, for some students who perform well academically, there may be an opportunity to extend for another year.
It can be used for things like accommodation, course costs, study resources such as textbooks or study-related equipment and even tutoring.
According to Bendigo Bank, Rhiannon Skinner - previous scholarship recipient and now school teacher based in Busselton, the scholarship made a significant difference to her experience at uni, as well as providing financial peace of mind to herself and her family.
“The scholarship essentially paid for my rent for two years and meant that I didn’t have to take a gap year - so I was able to concentrate on, and finish my studies earlier than expected and set out on my teaching career,” she said.
“This scholarship is one very close to my heart and I’m forever grateful. It made an immense difference to my studies, so I’d encourage others to give it a shot - don’t miss out on an opportunity that you may be eligible for, and don’t make the mistake of assuming that they are too difficult to apply for.”
Applications are open now until the 28th of January 2020, so now’s the time to get everything ready to go. You are also able to start your application, save it and come back later - so even if you don’t have all that you need right now, you can still get the ball rolling as soon as you like.
Here’s what you’ll need handy when you apply:
HOT TIP: Don’t leave the application till the last minute - give yourself or your child the best opportunity to be successful and gather up as much info as you can to include on the application.
Juggling the cost of university expenses can be tough, with or without a scholarship, so here are some tricks on how to save when studying.
RELATED ARTICLE: 7 money saving tricks for uni students
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