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| Financial
Support |  |
There is a great deal of financial assistance available for students across
Canada. There are many forms of financial aid, such as scholarships, bursaries,
awards and loans. While loans have to be repaid, scholarships, bursaries and awards
do not.
Scholarships are tuition credits awarded
by institutions, agencies or individuals. Scholarships can be based on academic
excellence, sport performance or community service. Criteria for receiving a scholarship
may also include membership or affiliation with a group, organization or community,
or financial need.
Bursaries are grants awarded
after school has started and are based on you proving financial need and the ability
to successfully continue post-secondary education.
Awards
may be cash, books, or certificates based on demonstrated excellence at something
or some personal achievement.
Student loans
are funds borrowed from a bank, to be repaid on a calculated rate of interest.
Repayment usually begins six months after graduation.
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