The Sasol bursary includes a service contract, where students are obligated to complete the work-back / pay-back obligation, depending on company needs. This however, does not mean you return the bursary or funds received.
The terms and conditions of the Sasol bursary program does not require recipients to pay back the bursary funds. The Sasol bursary is considered a form of financial assistance and support to academically gifted and financially disadvantaged students who aspired to pursue studies in engineering, science, commerce, and technology-related fields.
Bursaries are typically awarded as a non-repayable form of financial aid. Unlike loans, bursaries do not need to be repaid by the recipients. The aim of a bursary is to alleviate the financial burden of education and empower students to pursue their chosen fields of study without incurring additional debt.
What does the Sasol bursary work-back / pay-back service contract mean?
The bursary recipients are required to enter into a service contract with Sasol, which means they agree to work for the company for a specified period after completing their studies. This work-back or pay-back obligation is a form of commitment to the company in return for the financial support they received during their education.
The specifics of the service contract, including the length of the work-back period, the nature of the work to be performed, and other relevant terms, would be outlined in the bursary agreement between the recipient and Sasol. This contractual obligation is designed to ensure that Sasol can benefit from the investment they made in the education of these students while providing the graduates with valuable work experience and career opportunities within the company.
However, it’s essential to note that bursary terms and conditions can change over time, and specific schemes may have different requirements. To confirm the current policy and conditions of the Sasol bursary program, including any potential changes to repayment obligations, I recommend visiting the official Sasol website or contacting their bursary department directly.