Scholarships Grants and Support
Identify available scholarships, bursaries, and grants and explain why researching and applying for them before borrowing is always the financially sound first step.
In this lesson
Scholarships Grants and Support is part of Paying for Education and Training. This preview shows how learning-investment connects to everyday family decisions such as earning, saving, spending choices, goals, approvals, or parent-guided money conversations inside Progress Penguin.
Think about this money choice
Kemi cannot afford her university fees. Her friend tells her there are scholarships and bursaries she has not applied for.
How it works
Scholarships, bursaries, and grants are funds awarded to students that do not need to be repaid. They exist at universities, professional bodies, government agencies, and private companies. Many go unclaimed because applicants do not know they exist or assume they will not qualify. Researching and applying for available funding before taking a loan is always worth the effort.
Apply it to a real decision
Real-life money moment: Kemi assumes she cannot afford university and begins planning to borrow. Her friend tells her about a state government bursary and a private sector scholarship that together cover 70% of her fees. She applies and receives both. The loan she was planning to take is reduced by 600000 in local currency over the course of her degree. Two applications replaced three years of debt.
Activity preview
Test the trade-off
Use the lesson to complete this short practice activity.
Build your own savings goal
Progress Penguin will guide you through the goal name, target amount, and deadline. When you finish, you will return to this exact lesson step.
Quiz preview
Scholarships, grants, and support refer to:
You qualify for a 400000 in local currency scholarship towards a 1000000 in local currency course. Net cost to you: