Schools often have measures in place to help outstanding students who find it difficult to finance their studies, so that they can learn with peace of mind despite family and economic circumstances. There are typically two types of funding: loans which need to be repaid upon graduation, and scholarships which are endowed.
A student can be awarded a scholarship based on top admission test results, or high academic performance after enrolment. It is rare that one would receive the same amount of scholarship every year – in most cases, funding is reviewed annually based on exam grades, attendance rate, etc.
Need-based bursaries take into account a student’s family income. Furthermore, discounts can be available when more than one sibling study at the same institution, or if one of the parents is an alumnus or member of staff.