Application for Stanbic IBTC 2020 University Scholarship is now Open
Stanbic IBTC 2020 University Scholarship application is now open. The scholarship initiative is geared towards supporting the dreams and aspirations of young Nigerians. The scholarships aim to encourage hard work and academic excellence among Nigeria undergraduates, and it is open to students who participated in the 2020 Unified Tertiary Matriculation Examination (UTME) and have just gained admission into any Nigerian states or federal universities.
Read Also: Shecluded launches Female Entrepreneur Pension with Stanbic IBTC to get more women on a pension plan
The scholarship is awarded on the basis that awardees maintain an enrolled status at the university enrolled in. However, the Stanbic IBTC University Scholarship does not apply to employees of Stanbic IBTC and/or their immediate family members, where there are entries by employees of Stanbic IBTC or their immediate family members, it will not be rewarded.
Eligibility:
The Stanbic IBTC University Scholarship is only available to applicants who:
– Reside in Nigeria and participated in the 2020 University Tertiary Matriculation Examinations (UTME) conducted by the Joint Admission and Matriculation Board (JAMB).
– Have a score of 200 and above in JAMB.
– Have gained admission and have been properly enrolled in a Nigerian Federal or State University (“University”) with relevant evidence.
Selection:
– The scholarship will only be awarded to 100 Applicants spread across the 36 States of the federation and FCT with a minimum of 2 Applicants per State.
– The scholarship will be offered on a first-come, first-serve basis until the 100 slots are
allocated.
– Scholarships will only be awarded to applicants that follow the instructions and meet all the
eligibility criteria.
– Winners will only be contacted through the valid email address they provide.
Course Eligibility:
Students who plan on studying courses related to the “Future of Work” will be an added advantage (for example Data Science, Business Analytics, Economics, Accounting, Finance, IT, and so on).
Duration of Award:
A total period of Four (4) years from the day of acceptance, notwithstanding the length of the degree programme. The Scholarship shall be paid at the beginning of every academic year subject to the terms and conditions contained herein.
Acceptance of Scholarship
Where you are successful and win the Scholarship, you must read and accept these Terms and Conditions and all other documents sent to your mail in full. By accepting this Scholarship from Stanbic IBTC, it is understood that you have read and agree to comply with these Terms and Conditions.
Please note, if you are under 18 years of age, your parent or guardian must read and consent to these terms and conditions and other accompanying documents on your behalf.
Also, note the following;
– Successful applicants will receive an email to confirm the outcome of their application and they will only be contacted through the valid email address they provide.
– The email received from a Stanbic IBTC authorised email will detail the scholarship benefits, payment timing, and other important information as required.
– They will then receive other documents and forms which they will be asked to fill, sign, and return, to confirm that they agree to the terms and conditions as stated herein.
– If Successful Applicants do not wish to accept the scholarship they have been offered, they should advise us immediately by sending an email to UniversityScholarship@stanbicibtc.com.
– Failure to accept the scholarship offer within the period specified in the notifying email will result in forfeiture of the offer.
– Successful Applicants will be required to open a Stanbic IBTC Education Trust account and Stanbic IBTC bank account for payment of the Scholarship fund.
– Successful Applicants may be required to provide additional evidence via a link that would be provided to them or via a Stanbic IBTC authorized email. The additional evidence will include providing the admission letter from the admitting University.
Retention of Scholarship
To retain your scholarship, successful applicants must:
– Maintain an enrolled status in their respective Universities in the degree programme they were admitted for.
– Adhere to the academic and administrative policies of the University and annually provide a Letter of good conduct issued by their respective department.
– Maintain a Cumulative Grade Point Average (CGPA) of second class upper (a CGPA of at least 3.5 in a CGPA system of 5 points, at least 3.0 in a CGPA system of 4 points, at least 4.6 in a CGPA system of 7 points). Evidence of same must be provided at the beginning of every academic year before scholarship payment can be made.
– Meet any other additional criteria which would be communicated to you through email.
– At the end of each academic year for the duration of your scholarship, you will be asked to provide a report detailing how the scholarship funds have been spent. It is the responsibility of the Successful applicant to provide this report at the specified time advised by Stanbic IBTC. Failure to return reports by the specified time, without reason, may result in future payments being withheld.
How-to-Apply
– Go to Stanbic IBTC Bank on standardbank.eu.qualtrics.com to apply.
– Successful applicants will be notified only via email.
– Where an applicant applies on more than one platform or submits multiple entries/applications, they shall still be entitled to only one Scholarship slot.
It is important to go through all application requirements in the award webpage before applying.
Application Deadline:
24th October 2020.