Victoria Mutual Scholarship
Investing in the Future
For over 30 years the VM Group has given a Head Start to over 1600 students at all educational levels because we believe that a truly independent society is an educated one. We consider it an honour to be able to reward our best and brightest youth Members for their progressive achievements. We specialise in making the educational goals of our student savers a reality by offering scholarships, bursaries and grants to PEP and tertiary level students.
Become a VM Foundation Scholar
To be VM Foundation Scholar means that you have exhibited scholastic achievement but require financial support on your journey towards gaining a sound education. As part of its commitment to education, the VM Foundation is pleased to provide six tiers of scholarships and bursaries to VM Members that have demonstrated achievement and verifiable community involvement.
Primary Level – PEP ‘Head-Start’ Bursary
The VM Foundation PEP Bursary is awarded to the top saver in each of the schools that participate in VMBS Save2Grow School Savings Programme. This is open to students in preparatory, primary and all-age schools across the island who have completed PEP in the year of the application and will be starting secondary education. This one-time bursary is valued at twenty thousand ($20,000) dollars.
Primary Level – Junior Plan ‘Head-Start’ Scholarship
The VM Foundation Junior Plan Scholarship is awarded to the three top PEP ‘Junior Plan’ savers, (one from each county) to assist with their secondary-level education. The VM Foundation Junior Plan Head-Start Scholarship applies to the first five years of high school and is valued at forty thousand dollars ($40,000.00) per annum.
Secondary Level – VM Future Plan ‘Head-Start’ Scholarship
The VM Foundation Future Plan Scholarship is for students who will be starting tertiary education. It has a three-year tenure and is awarded to three VM ‘Future Plan’ savers towards local tertiary education. Each scholarship has a ceiling of one hundred and thirty thousand ($130,000.00) dollars, which is awarded each year.
Tertiary Level – VM Master Plan ‘Head-Start’ Scholarship
The VM Foundation Master Plan Scholarship, is a one-time scholarship offered to students who will be starting the final year of an undergraduate or master’s degree programme. With the beneficiary being a ‘Master Plan’ saver pursuing final-year studies at a local university. The scholarship is valued at one hundred and sixty thousand ($160,000.00) dollars.
NEW! The VM STEM “Head-Start’ Scholarship
This is a new scholarship specifically for a student who will be starting tertiary education in the area of Science, Technology, Engineering or Mathematics. In the first instance, there will be one (1) awardee who will be awarded each year for a maximum of four (4) years, or whichever shorter at (J$300,000). This is keeping with the national growth areas and to help to prepare and support students who are pursuing careers in this area.