Saving Students through Scholarships and Bursaries

A solid education is a key part of building Financial Independence and the VM Group takes pride in supporting the educational goals of our student savers through the provision of scholarships and bursaries!

Applications for the VM ‘Head-Start’ Scholarship Programme opened on March 19, with members being given the opportunity to receive financial support for their educational dreams. Are you a student saver with an active account? Then you may qualify, as the programme caters to all student members who are actively saving.

The scholarships and bursaries fall under four categories:

  • The VM GSAT ‘Head-Start’ Bursary ($20,000) is awarded to the student saver with the best GSAT performance in each school as ranked by the Ministry of Education. This is a one-time payment and is open to students in prep, primary and all-age schools across the island;
  • The VM Junior Plan ‘Head-Start’ Scholarship ($40,000) is awarded to the three top VMBS savers who have sat GSAT, one from each county (based on school’s location), to assist with their secondary-level education;
  • The VM Future Plan ‘Head-Start’ Scholarship ($130,000) has a maximum four-year tenure and is awarded to four VMBS savers towards local tertiary education;
  • The VM Master Plan ‘Head-Start’ Scholarship ($160,000) with the beneficiary being a saver pursuing final-year studies at a local university.

We want to ensure that you’re kept informed about all things scholarship. You can browse our website, to find out about scholarship terms, conditions and regulations, as well as the different categories included in the programme. Application forms are also available online. If you prefer hard copies, visit any of our branches islandwide. If you have questions, feel free to email them to

Applications close Friday, July 13, 2018.