FAQ

1. What is the aim of the Co-operative Scholarship?

The aim of SNCF Scholarship scheme is to attract, develop and nurture young, talented and aspiring individuals to enter the ranks of the Co-operative Movement. The Scholarship is specifically targeted at those who share the values and commitment of co-operatives such as self-help, mutual-help and solidarity.

By taking up this Scholarship, the Scholar will gain exposure and obtain a better insight on the dynamics of our local Co-operative Movement and the challenges it faces.

Through the above exposure, the Scholar will be equipped with the relevant skills and experience and thus be able to contribute towards the future growth and progress of the Co-operative Movement.

Applicants must first seek admission to the stipulated university and fulfil the eligibility criteria.

Eligible applicants will be assessed based on the following criteria (not in order of importance):

a) Applicant’s academic records;
b) Applicant’s participation in Co-Curricular Activities (CCA);
c) Applicant’s leadership qualities and potential with interest in
co-operative work; and
d) Other factors being equal, the financial background of the applicant.

Shortlisted candidates will be required to submit an essay before attending an interview.

3. Can final year undergraduates apply for the Scholarship?

The Scholarship applies to existing undergraduates, with at least two more years to course completion. However, there is no backpay of sponsorship for the Scholarship. Interested final-year undergraduates are encouraged to explore career opportunities in co-operatives through their respective recruitment channels. Please visit their contact listing on the SNCF website.

4. How many rounds of interviews is a shortlisted candidate required to go through?

There will be at least 2 rounds of interviews, plus an essay submission.

SNCF would contact applicants via email (and phone) to notify them about the interview.

The general rule of thumb is there shall not be dual or duplicate sponsorship coverage. Applicants should declare any existing grants or scholarships held during the application phase.

Please refer to the section “What is Offered?”

8. Am I allowed to switch my area of study?

The Scholar is not allowed to switch his/ her major without the written approval from SNCF.

The Scholar is allowed to participate in all programmes offered by the University. He/ she is encouraged to explore those opportunities as the exposure and skills sets gained, coupled with the training provided by SNCF, would enhance his/ her contribution to the Co-operative Movement.

However, the Scholar will be responsible for additional tuition fees and personal expenses if he/ she needs to complete extra semesters of studies arising from his/ her participation in these programmes.

Currently the Scholarship is targeted at students pursuing undergraduate courses.

The bond period with SNCF is up to four years depending on the number of years of sponsored study.

The Scholar will be required to serve his/ her bond with the
co-operative and related sectors after graduation. He/ She is encouraged to pursue Masters Degree after obtaining at least three to four years of work experience for optimal learning experiences and applications. However, deferment for Masters study may be reviewed and approved on a case-by-case basis.

13. What are my obligations if I wish to break my bond?

The Scholar who breaks his/ her bond voluntarily will be required to pay liquidated damages, in accordance with the terms set out in the Deed.

Arrangements will be made for the Scholar to take on appointments and work roles that will provide exposure and learning opportunities depending on available opportunities and his/ her interest. He/ she will have the privilege to attend co-operative-related forums and seminars to keep himself/ herself up-to-date with the local and international
co-operative movement and key challenges faced by co-operatives.

The Scholar will receive remuneration based on starting salaries for fresh graduates which are pegged competitively to a similar or related industry.