The Ministry of Education has received another $8 million for local and overseas scholarships and bursaries.
About 50% to 60% of the funds are used to prepay student fees for the spring term, because otherwise the money would be approved too late as part of the regular budget cycle, Education Minister Juliana O’Connor-Connolly explained in Finance Committee.
The additional funding was approved after the 7 July announcement that several scholarships for post-secondary and undergraduate students would be increased.
The standard annual funding for all overseas postgraduate studies, i.e. master’s and doctoral degrees, will increase from up to $25,000, to $35,000 per student per annum for current and new postgraduate students.
The minister said, “Following careful consideration, the Cayman Islands Government saw the need to revise the current funding amount to ease more of the financial burden that many of our Caymanian students face when in pursuit of higher learning opportunities.”
One-time grant towards student visas
The Ministry of Education also announced a one-time grant of $1,500 towards the costs associated with obtaining a student visa.
“Since the onset of the COVID 19 pandemic, students, particularly those accepted to institutions in the United States and Canada, have faced increased expenses in their efforts to obtain a student visa,” O’Connor-Connolly said. “They often have difficulties accessing regular flights and incur high costs due to quarantine protocols in...
Read Full Story: https://www.caymancompass.com/2021/09/07/education-ministry-adds-funds-to-scholarship-programme/
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