Bursary Management

BURSARY ADMINISTRATION (DISBURSEMENTS AND REPORTING)


Tuition

To be paid directly to the institution where the student is registered

Accommodation

To be paid directly to the institution where the student is registered or to  private service provider/landlord

Stationery

Students to be submit quotation for books to fedgroup to pay the bookstores directly, Payment will be spread in two semesters (End of February and end of June)

Living Allowance

To be paid to the approved students’ personal bank account on monthly basis

Meals

To be paid to the approved students’ personal bank account on a monthly basic


BURSARY FUND MANAGEMENT


Bursary Fund Management

FDT has implemented stringent financial controls for payments and provides real-time financial reporting. We audited annually and provide financial reporting to all partners and stakeholders on the disbursement of funds upon request.  Issuing of Section 18A certificates for tax and BEE purposes is also done upon request.


BURSARY CONTRACT MANAGEMENT


Bursary Contract Management

FDT has developed a contracts management process and put in place agreements that govern the bursary allocation.  The agreements will stipulate the following as a minimum, terms and conditions, student academic performance, conduct, community outreach requirements, etc.

We have established close relationships with our partner tertiary institutions, which in turn strengthens accountability to all stakeholders.

STUDENT SELECTION MANAGEMENT

All our students are taken through a process which leads to acceptance of our academic conditions/criteria that ensures FDT’s mandate and accountability with stakeholders is always maintained across all levels.

The Student Selection process entails the following:

  • Identification and Recruitment of candidates
  • In depth Student profile analysis
  • Selection and interview
  • Develop a short-list that complies with the Trust Deed requirements
  • Solicit Trustee Approval
  • Make awards to successful students.

CLIENT RELATIONSHIP MANAGEMENT (CRM)

FDT has implemented a fully functional CRM system for managing all our donors, partners, contacts and beneficiaries.  The CRM system has the following pillars:

  • Record – details of higher institutions, service providers and students as well as claims and payments.
  • Review – applicant information for easy decision making.
  • Interact – record phone calls, emails, letters, meetings and events.
  • Communicate – by email, SMS via ad-hoc or pre-defined lists.