Are you interested in heading back to school or hoping to cut down on costs for your children? There are several different options for helping pay for your education – which means less student debt for you!
I’ll explain the following:
- The differences between grants and bursaries
- Some of the most popular grants and bursaries available
- How to learn more about getting grants and bursaries
What is the difference between a grant and a bursary?
Grants and bursaries differ in the way they are awarded. Grants are usually awarded based on financial need, while bursaries are awarded based on academic merit or other factors such as community involvement or leadership.
Both grants and bursaries are non-repayable, meaning that students do not have to pay back the money they receive.
What are some of the most popular grants and bursaries available for students in Canada?
These are some of the most popular grants and bursaries available for students in Canada:
- Canada Student Grants: The Federal Government offers these grants, and is available to full-time and part-time students enrolled in a degree, diploma, or certificate program. The grants are awarded based on financial need and can be up to $3,000 per academic year.
- Provincial Student Aid: Each province in Canada has its student aid program that provides grants and bursaries to students enrolled in post-secondary education. The amount of money available varies depending on the province, but students can receive up to $5,000 per academic year.
- Scholarships are financial awards based on academic merit, athletic ability, or other unique talents. Various organizations offer scholarships, including universities, corporations, and private foundations. The amount available can vary greatly, but some scholarships can be worth up to $50,000.
- Various organizations offer bursaries, including universities, corporations, and private foundations. The amount of money available can vary greatly, but some bursaries can be worth up to $5,000.
How can I learn more about gaining access to grants and bursaries?
Several sites can help you learn more about grants and bursaries:
- The Government of Canada’s Student Aid site.
- The Government of Canada’s site on Training.
- Education Grants in Canada.
- University Study.
And don’t forget to look locally! Be sure to research the grants and bursaries available in your area and apply for the ones relevant to your needs. In addition, each province or territory offers grants or bursaries specific to that area.
Have you benefited from a Canadian grant or bursary?
I was lucky enough to get a small entrance scholarship to university and a few local bursaries, which helped with my first year’s tuition! Leave your details in the comments!
