(1) This policy provides the framework for establishing and managing prizes and coursework scholarships awarded by RMIT. (2) RMIT awards a range of scholarships and prizes to commencing, current and graduating students at all levels of study. This policy sets out a unified approach to the governance and management of coursework scholarships and prizes for all student cohorts that supports the strategic direction of RMIT and ensures meaningful outcomes for internal and external stakeholders. (3) This policy applies to staff and students of the RMIT Group and the sponsors and donors of: (4) This policy does not apply to: (5) RMIT is committed to a consistent and coordinated approach to establishing, awarding, managing and reviewing scholarships and prizes. (6) RMIT supports scholarships and prizes that align with: (7) RMIT scholarships and prizes: (8) Grievances and complaints relating to the administration of scholarships and prizes are managed in accordance with the Student and Student-Related Complaints Policy. (9) Responsibility for approving the establishment, amendment and rescission of a scholarship or prize is determined by the Delegations of Authority Policy according to value and funding source. (10) The following positions are responsible for the overall management of scholarships and prizes: (11) The operational units in colleges and portfolios that manage scholarships and prizes are responsible for: (12) The Scholarships and Prizes Committee is responsible for: (13) The colleges and portfolios that manage prizes and courswork scholarships report annually to the Scholarships and Prizes Committee. (14) The Scholarships and Prizes Committee submits an annual report the Academic Board. (15) This policy will be reviewed at least once every five years in accordance with the Policy Governance Framework. (16) Refer to the following documents which are established in accordance with this policy:Scholarships and Prizes Policy
Section 1 - Purpose
Section 2 - Overview
Section 3 - Scope
Top of PageSection 4 - Policy
Principles
Responsibilities
Reporting
Review
Section 5 - Procedures and Resources
Section 6 - Definitions
Donor
An individual or organisation which has funded a prize or scholarship with no condition that the recipient provides work or another service to the donor.
Prize
An award that recognises previous achievement such as study, innovation, sport, leadership, or community involvement and it carries no condition of further study.
Scholarship
A benefit provided to a student to support current or future study, based on either personal circumstances or achievement or both, as well as other eligibility criteria. It may include financial allowances, tuition fees (full or partial), or non-financial benefits received on a recurrent or one-off basis. It includes benefits that may otherwise be known as grants, stipends, bursaries, fee reductions or fee waivers.
Sponsor
An organisation that has funded a prize or scholarship conditional upon the provision of work or another service to the sponsoring organisation.
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