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. Since 2011, over 9.5 million rupees have been distributed to over 280 students. All these distributions were made from the bank deposit interest income while preserving the initial contribution from the donors, 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 an investment fund of over seven million rupees. 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.
1. Donors make a one-time contribution to earn the right to nominate a scholarship recipient each year for the life of the scholarship scheme
2. Japura Alumni JSS committee holds their donations as a term deposit with Bank of Ceylon to earn a sufficient income to distribute to students
3. 10 monthly payments are made to selected students from the interest income of the term deposit
JSS sponsorship unit
Investment for a JSS unit is set at $2,500 for the next five years. (2020-2025). A one-time payment of AU$2,500 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 into account in determining this value and the next review would be undertaken in early 2022.
The amount of student payment varies from year to year according to the interest rate paid by the Bank of Ceylon. However, we have managed to maintain student benefit over the last 5 years at Rs.25,000 per year.
Undergraduates of the University of Sri Jayewardenepura are eligible to apply for the scholarships. Those who get nominated will receive 10 monthly payments from March to December of that year. Online applications are accepted from 15 February to 31 March this year.