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Mr Gubay’s £1m Donation - New Opportunities for Isle of Man Students 16 October 2006

Students starting degrees at any of the world’s top ten universities can apply for a bursary. The bursaries are the result of the generous gift of one million pounds made by Mr Albert Gubay earlier this year for the advancement of sporting achievement and educational attainment by residents of the Isle of Man.

The bursaries are in addition to any funding provided by the Department of Education under its Student Awards Scheme 2006 and any student starting an undergraduate or post graduate degree course from the 2006/07 academic year onwards may apply, provided their course is at one of the ten universities ranked as the best in the world by the Times Educational Supplement.

The current top ten in the order of their ranking are:

  • Harvard University USA
  • Cambridge University UK
  • Oxford University UK
  • Massachusetts Institute of Technology USA
  • Yale University USA
  • Stanford University USA
  • California Institute of Technology USA
  • University of California, Berkeley USA
  • Imperial College London UK
  • Princeton University USA

In order to be eligible for a bursary certain conditions apply, the key ones being that applicants must apply and be eligible for support under the Department’s own Student Awards Scheme and be between the ages of 18 and 40 at the beginning of the academic year for which the award is applied for.

The amounts granted under the bursaries recognise the differences in costs between the UK and US universities. For each year of a course at a UK university the bursary is £1,000 plus a further £1,000 if the student is eligible for a maintenance award. For each year of a course at a US university the bursary is £5,000 plus a further £3,000 if the student is eligible for a maintenance award. The maximum duration of an award is four years.

Commenting on the bursaries Director of Education John Cain said,

“This is an exciting incentive and is incredibly generous! The Department has traditionally provided a very good level of support for its higher education students, however the bursaries generously provided by Mr Gubay will encourage them strive for excellence in their choice of university.”

Applications for bursaries are being administered by The Department of Education’s Student Awards Section, St Georges Court, Upper Church Street in Douglas, and application forms may be obtained now from that address or by phoning 685822.

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