During 1996, the Board of the ICM decided to start the first official ICM Bursary Fund. The ICM deposited some of the reserves built up, together with donations received from KreditInform and Information Trust Corporation, into the ICM Bursary Fund. The rules of the fund state that only the interest received on the fund may be used to aid students to study in the discipline of credit. Students wishing to apply for help from the fund must apply in writing to: "The Board of the ICM". The Director Education will then decide which of the applicants qualify for help and make the necessary recommendation to the Board. The Board's decision will be final and no correspondence will be entered into.

The Frank Constable and Mike Helen Bursaries were set up by KreditInform, in memory of two of the great names in credit management. These awards are made on a yearly basis. The Board of the ICM receives the applications, the Director Education will then identify the two most needy students in the field of credit management, and these two students will receive the bursaries.

The Credit Guarantee Insurance Corporation Student Bursaries Fund. On a yearly basis, Credit Guarantee makes available funds for bursaries for students studying credit management.
The Board of the ICM receives the applications, the Director Education will then forward the applications to CGIC and their Bursary Committee will decide on the applications and the students will receive the bursaries.
Credit Guarantee is prepared to fund the full qualification providing the student’s academic record is satisfactory.