Achieving ACCA qualification is a dream for many Nepali students who aim to build their careers in the accounts and finance sector. The qualification of ACCA is a highly valued, popular, and rewarded qualification locally and internationally, but many students find it difficult to fulfill the financial obligations of ACCA. Financial considerations of the qualification are the common reason why students are doubtful about ACCA. However, there are multiple ways to tackle this situation as well, with good research on ACCA scholarships in the region students can apply for certain scholarships if they fall under the mentioned eligibility criteria of that scholarship in Nepal.
Other than that, students can also avail discounts from tuition providers such as early bird discounts, etc. Some employers as well as accounting firms also offer financial aid for ACCA students. These things contribute to sharing your financial burden and help you avail your dream qualification. To know further about ACCA scholarships in Nepal, their eligibility criteria, etc., continue reading the complete blog.
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WHAT ARE ACCA SCHOLARSHIPS?
ACCA scholarships are generally for those students who are unable to bear the finances of this qualification. These ACCA scholarships in Nepal help many such students who are very determined to achieve their goals but have financial issues. ACCA scholarships can be availed based on ‘need’ and ‘merit’. The need-based scholarships are usually for the students who are coming from an underprivileged background. The students who have better academic results are prioritized for scholarships in Nepal.
On the other hand, Merit-based ACCA scholarships are for those students who have showcased their extraordinary academic performance or have achieved something major in extracurricular activities.
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TYPES OF ACCA SCHOLARSHIPS IN NEPAL:
Generally, there are two types of ACCA scholarships, one is a fully covered scholarship in which students have no financial obligations, as all the finances from registration to exams are borne by the scholarship provider. The other one is a partial scholarship in which a certain percentage of the total cost is covered by the scholarship, for the rest of the finances the student is responsible.
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ELIGIBILITY CRITERIA FOR SCHOLARSHIP IN NEPAL:
ACCA scholarships in Nepal have eligibility criteria, before applying for any scholarship it is best to check if you fall under the mentioned criteria. The criteria for every scholarship might slightly differ from one another influenced by several factors. However, generally, the eligibility criteria for scholarships are either regarding your academic performance, level of qualification, financial background, etc.
SCHOLARSHIPS OF ACCA FOR NEPALI STUDENTS:
Here are some of the examples of popular ACCA scholarships and financial aid opportunities for Nepali students:
The Simpson Scholarship:
This is one of the most competitive ACCA scholarships in Nepal, it is awarded to five students every year. This scholarship is granted to those five students who have shown exceptional academic performance in their exams. This scholarship covers subscription fees and examination fees for that student for five years. Also, the students that win this scholarship get study materials free of cost for the exams they are currently preparing themselves.
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The Ummed Jain Scholarship:
The Ummed Jain scholarship is awarded annually to support a deserving female aspirant of ACCA in Nepal. This scholarship is awarded to one female candidate only, and it lasts for one year, then a new winner is selected. The Ummed Jain Scholarship covers all academic expenses such as examination fees, subscription fees, tuition fees, learning materials costs, and ethics and professional skills module fees.
DISCOUNT OFFERS:
Students who are unable to avail of ACCA scholarships for any reason can still avail discounts to share their financial burden. Many ACCA tuition providers usually offer discounts on courses, the most common one is the early bird discount. Students should keep an eye on these discounts and avail them before they expire. Do your research while registering yourself for any course and if there is any ongoing discount avail it as soon as possible. Discounts are a lot different than the scholarships as neither it is competitive, nor have a selection criteria.
EMPLOYER SPONSORSHIPS:
Students who are professionally associated with accounting firms, large corporations, or financial institutes, might be able to avail employer sponsorship for their ACCA qualification. Some employers are in support of professional qualifications like ACCA and offer financial support to their employees. This financial support could cover your full academic expenses or it is partially covered. Unlike ACCA scholarships, this demands you to stay committed to the firm and stay associated with it for a certain period in exchange for this financial favor.
CONCLUSION:
The aspirants of professional courses like ACCA are usually looking for financial support, it is somehow smart to avail financial aid in today’s economy. ACCA scholarships can help students get their dream qualification, however, ACCA scholarships are quite competitive and may require students to be excellent in academics. Other than that, students can also avail of discount offers from ACCA tuition providers as many institutes offer early bird discounts, loyalty discounts, etc. Another option to acquire financial support after ACCA scholarships is to go for employer sponsorships.
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Students are advised to do their research in all the mentioned aspects and ensure they meet the deadlines and eligibility criteria while applying for ACCA scholarships in Nepal.
FREQUENTLY ASKED QUESTIONS:
Q1: How can I apply for ACCA scholarships in Nepal?
A: To get information about the available ACCA scholarships you can visit the official website of ACCA Global, make sure you meet the eligibility criteria, apply for a scholarship, and at last make sure you meet all the deadlines.
Website: https://www.accaglobal.com/gb/en.html
Q2: What are the eligibility criteria for scholarships of ACCA for Nepali students?
A: The eligibility criteria of each scholarship in the region differ from one another, however, generally it may include your academic performance, financial need, and A statement where you explain why you need the scholarship.
