A bursary is a non-repayable award given by the University as extra financial help. Unlike a scholarship, bursaries are awarded to students who meet specific set criteria, usually relating to personal circumstances, rather than academic achievement. Usually, students do not need to apply to receive a bursary.
A university scholarship is a non-repayable financial award usually given to students following a competitive application process. They can also be awarded based on outstanding academic achievements or extra-curricular activities.