Bursary

The ACT Educational Trust offers bursaries to assist students from developing countries who cannot gain sponsorship for their studies, to study for an ACT qualification. Read about how one bursary scheme recipient has used his new treasury knowledge in the bursary profile.

How to donate

Funding will be via charitable donations which will directly help spread financial and treasury education in developing countries. Any amount can be donated using our donation form, which can be downloaded here. Under the bursary scheme you can choose to study any of the following qualifications:

Certificates

If you wish to study for a certificate only, you can apply for a bursary to cover the course fees for any of the following qualifications.

AMCT Diploma in Treasury

Bursaries are available to cover the cost of the course fee for stage one – Certificate in Financial Fundamentals for Business (exemptions available), stage two - Certificate in International Treasury Management and the course fee for two further stage three Certificates (excluding Certificate in International Cash Management).

AMCT

MCT Advanced Diploma

Bursaries are available to cover 50% of the course fee (online course only). If you are an Associate Member of the ACT, you will need to continue paying your membership subscription; this is not covered by the bursary scheme.

All bursary applicants are subject to the policies of our terms & conditions

About the scheme
Eligibility
How to apply
Deadlines to apply
Selection procedure

About the scheme

What is included in a bursary?

Course fee
First resit fee
Student subscription fee

Optional classroom teaching is not included in the bursary scheme.

If there is an administration fee for your chosen exam venue, you will need to pay this when you sit your exam(s) is also not included.

Rules

Applicants cannot book onto the Certificate in International Cash Management.
Applicants cannot enrol onto a qualification until their bursary has been accepted by the board at the Educational Trust Meeting.
AMCT students cannot book more than two certificates for their first exam sitting. You must attempt these before booking onto another certificate
If students wish to book onto optional classroom teaching then they must pay for these themselves.

Deferral and exam(s):

Bursary students may only defer their exams a maximum of three times per certificate; you must sit the exam by the fourth sitting.

Failing an exam(s)

AMCT students must pass all certificates within the time limit. If you fail more than once, you must pay your second resit fee onward (per certificate booked).

Certificate only students must not exceed three fails; you must take the exam at the fourth sitting.

Absent from an exam(s):

AMCT students can be absent for an unlimited number of times. If you are marked as absent more than once then you must pay for the second resit fee onwards (per certificate booked).

Certificate only students must not be marked as absent more than three times; you must take the exam at the fourth sitting.

Eligibility

You are eligible to apply for a bursary if you meet the following criteria:

You are a national and are resident in one of the countries listed below.

Bursary Eligible countries:Bursary Eligible Countries

The Education Trust has the discretion to award a bursary to a student if the applicant makes an appropriate case for the following:

If you are a national in a developing country not listed on the Bursary Eligible Countries document.
If you are residing in a nation in conflict which is not listed on the Bursary Eligible Countries document.
If you are a national from a non-developing country currently residing in a developing country; e.g. a UK national working in Zambia.
You are not sponsored by your company, or not working for a company that normally sponsors students for the ACT’s qualifications. Applications from individuals working for multinational companies or banks that have a record of sponsoring students for the ACT’s qualifications are not likely to be considered.

MCT If you are applying for a bursary for the MCT Advanced Diploma, you need to have completed the AMCT qualification or be eligible for direct entry. Details on direct entry are available on the MCT course page. If you want to apply for direct entry you must complete the direct entry form and be accepted via this route before completing your bursary application and enrolment form.

How to apply

To apply for a bursary, fill out the bursary application form and enrolment form and send them to education@treasurers.org along with any other relevant supporting documentation.

Complete the Bursary Application Form, making sure that you provide full information about your qualifications, work experience and candidate statement.
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Deadlines to apply

The deadlines for submission are as follows:

The deadline to apply for a bursary with exam in October is 15 January.
The deadline to apply for a bursary with exam in April is 15 July

Selection procedure

The award of all bursaries are based on their availability and the information provided on the application forms. The awards are made entirely at the discretion of the ACT Educational Trust.

Candidates will be notified of the outcome of their application via email after the corresponding Educational Trust meeting held in either March or September each year.

For further information on our enrolment policy, go to terms and conditions.

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