How the Bursary works
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- Savvi has set up a committee, comprised of board members, management and a representative of McSweeney family, to administer the Bursary.
- Each year, for the foreseeable future, Savvi will ask third level Colleges throughout Ireland to tender for one Bursary, worth €20,000 per student over a maximum of 4 years, paid in equal instalments of €5,000 per annum. For example, in year 4 we would have 4 students receiving annual bursaries.
- The College awarded the Bursary will then seek applications, via the HEAR (Higher Education Access Route) Programme from students living in communities throughout Ireland which are experiencing socio-economic disadvantage. HEAR is the Department of Education’s higher education admissions scheme for Leaving Certificate students (under 23) whose economic or social backgrounds are under-represented in higher education.
- Our award of €5,000 per annum will contribute to the student’s costs over the 4 year period of their College education, whether that be accommodation, travel or other material costs.
- The Committee will choose the College that is a best fit with the Credit Union’s ethos as well as the most deserving student from the HEAR Programme.
To date we have awarded two bursaries to the value of €20,000 each over a four year period. Both Colleges are located within our Common Bond:
- 2023 – Trinity College Dublin
- 2024 – National College of Ireland
Awarding these annual bursaries is a key part of the ‘Social’ agenda of our Environmental, Social and Governance (ESG) Programme and our wish to integrate further in the most meaningful ways possible to the communities of our Common Bond. Each year our Annual Report & Accounts includes a section on our overall ESG Programme where you can read about our bursary in addition to the many other initiatives we have underway in relation to ESG.
We have agreed that the names of the student recipients will remain private owing to individual sensitivities. We wish both students every possible success in their future studies and we will be staying close to both as they continue their educational journey and, indeed, offering them our continued support in whatever way we can.
We will provide a full update on the administration of the Bursary in our Annual Report and Accounts each year along with updates on this website as to the students awarded the bursaries.