About Japura Scholarship Scheme (JSS)About Japura Scholarship Scheme (JSS)
The Japura Scholarship Scheme is our flagship program where young undergraduates are provided with some financial assistance during their studies. In our short history of 5 years since 2011, over 4 million rupees has been distributed among 120+ students. All these distributions were made from the investment income while preserving initial sponsor capital, a unique feature of our scholarship offering. We thank all our scholarship sponsors for the trust and confidence placed on us to manage their hard earned money. Today, we manage over 7 Million rupees of such donations capital and continue to provide guarantee to sponsors. JSS is the brainchild of Japura Alumni’s first president, Jayamini Kariyawasam and many other dedicated team members have contributed over the years to make this a sustainable program.
How JSS work.
JSS operates on three simple principles.
- Donors make one time contribution to earn right to nominate scholarship recipient each ear for the life of scholarship scheme
- Japura Alumni JSS committee invest this money in a safe and sound financial institution to earn a sufficient income to distribute to students
- 10 monthly distributions are made to selected students form above investment income while preserving the capital.
JSS sponsorship unit
Investment for a JSS unit is set at $4,000 for next five years. (2016-2020). One-time payment of AU$4,000 will give you the right to nominate a scholarship recipient for the life of JSS. (As long as JSS in operation)
Inflation effect on student contributions and investment income returns are taken in to account in determining this value and next review would be undertaken in early 2020.
The amount of student payment varies from year to year according to annual investment income. However, we have managed to maintain student benefit over the last 5 years in Rs.25,000 to 35,000 range per year.
Undergraduate students enrolled in University of Sri Jayewardenepura as of 1st November each year with at least 1 year of academic year ahead of them are eligible to apply. Scholarships are awarded for 10 month (from March to December). Online applications are accepted from 1st of November to 31st December each year.