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Financing University/College

Financing University/College. What you need to know about scholarships and bursaries. So what’s a scholarship?. Monetary award based primarily on academic merit Selection criteria may also include leadership sports & extracurricular activities volunteer work & community involvement

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Financing University/College

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  1. Financing University/College What you need to know about scholarships and bursaries

  2. So what’s a scholarship? • Monetary award based primarily on academic merit • Selection criteria may also include • leadership • sports & extracurricular activities • volunteer work & community involvement • Two types: • automatic considerationhttp://ceosatgsu.files.wordpress.com/2011/08/question_clipart.gif • need to apply

  3. SCHOLARSHIPS:(1) Automatic consideration • entrance scholarships • no application necessary • automatically awarded upon entrance to a school or program • based on high school grades: * Scholarships are renewable with an A- standing

  4. Queen Elizabeth IIAiming for the Top Scholarship (2) Need to apply

  5. & what’s a bursary? • Based primarily on financial need • Application process may also include other selection criteria such as • leadership • sports & extracurricular activities • volunteer work & community involvement

  6. Scholarships and bursariesare different from loans because they do NOT have to be paid back!

  7. Where to look for additional scholarships and bursaries… … for which you will need to APPLY

  8. University & College Websites • Universities & colleges offer various scholarships and bursaries • Go to the institution’s website and search under financial aid, awards, bursaries • Algonquin College: www.algonquincollege.com/prospective/finance_general.htm • Carleton University: www.carleton.ca/awards/ • University of Ottawa:http://www.registrar.uottawa.ca/Default.aspx?tabid=2658

  9. Research Websites • Use online databases such as www.scholarshipscanada.com www.studentawards.com • Create a profile for FREE and log in • A personalized list of scholarships and bursaries will be generated • Read through descriptions & criteria and apply • Application process may include essay writing, questionnaires, reference letters, etc.

  10. AWARDS is a general term that includes both scholarships and bursaries

  11. School & Community Awards • The Ottawa Catholic School Board sponsors a number of awards: www.occdsb.on.ca/content.php?doc=729 • The Director of Education Graduate Student Award • Ottawa Catholic Student Award • Ottawa Catholic Trustee - Student Service Award • Ontario Youth Apprenticeship Program Award • Pathways for Success Destination Employability Award

  12. OSAP:Ontario Assistance Student Program Government loans and grants Eligibility typically based on parental income Go to https://osap.gov.on.ca/OSAPPortal for information about who is eligible and how to apply

  13. Tips • Start your search early • see what’s out there and be aware of deadlines • Try to keep your resume updated • this will help you fill in application forms quickly • Contact your references in advance to give them time to write a strong letter • The more you apply to, the better! • no award is worth ‘too little’ • many awards go unclaimed due to zero applicants • you can accumulate a large sum of money by applying to (and hopefully winning) a number of awards!

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