Company Bursary Policy Overview
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Company Bursary Policy Overview

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Questions and Answers

What are the important considerations in the annual awarding of bursaries according to the policy?

  • Past academic achievement, proven financial need, and assessed abilities (correct)
  • Physical appearance, social media following, and popularity
  • Age, gender, and nationality
  • Marital status, political affiliation, and hobbies

    • Who has the authority to grant bursaries according to the policy?

  • The Employee
  • The Company (correct)
  • The Institution
  • The Dependant

    • What is a condition for a bursary awarded under the Scheme?

  • Final exam results of the Dependant
  • Employee's continued employment with the Company (correct)
  • Dependant's acceptance to multiple institutions
  • Dependant's ability to pay additional fees

    • What costs are covered by the bursary according to the policy?

    <p>Tuition, approved accommodation, and prescribed book fees</p> Signup and view all the answers

    For how many years does the bursary fund full-time undergraduate studies?

    <p>Up to a maximum of 3 years</p> Signup and view all the answers

    What is the primary purpose of the bursary mentioned in the text?

    <p>To provide financial assistance to Employees for their tertiary education.</p> Signup and view all the answers

    What criteria must Dependants meet to be considered for financial assistance?

    <p>Achieving an aggregate of fifty-five percent (55%) for year-end academic results.</p> Signup and view all the answers

    Who is responsible for paying costs associated with the Dependant's attendance at the Institution, aside from the Costs covered by the bursary?

    <p>The Employee or the Dependant themselves.</p> Signup and view all the answers

    Under what circumstances can the Company cancel the bursary according to the text?

    <p>If the Dependant receives additional financial assistance from another organization.</p> Signup and view all the answers

    What is one of the costs that the Group will cover as part of the financial assistance?

    <p>$50,000 per annum for accommodation fees.</p> Signup and view all the answers

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