The importance of understanding the conditions of a bursary acceptance is that different bursaries do have their own separate criteria, conditions and application deadlines and as such, one should known the bursaries that one qualify for and what the conditions are.
When a student qualifies for a bursary, they are said to need to sign a contract that is said to have binding conditions.
Accepting a bursary funding does not need one or beneficiary to pay back the funds in monetary terms but they are required to carry out the times and conditions that it was given.
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