Scholarships and Financial Aid

 

Ontario Student Assistance Program (OSAP)

Ontario’s financial aid program, offering a mix of grants and loans to thousands of students each year to help pay for their post-secondary edcation.  To find out more visit the Ontario Ministry of Education - OSAP.

 

Financial Aid from Colleges and Universities

Check with the Financial Aid Office at any college or university directly to see what financial aid programs they offer.

You could be eligible for the following sources of money you don’t have to pay back:

  • bursaries
  • scholarships
  • work-study programs
  • summer employment opportunities
Most schools also offer emergency loans. For example, you could be eligible for a short-term loan (90 days) to cover tuition, if you’re waiting for OSAP to arrive.

 

Bank Loans

Banks, trust companies and credit unions offer student loans and lines of credit. Talk to your financial institution for information.

 

Self Funded

Consider contributing to your own future by saving money from a summer job or job you hold throughout the year.  Invest your savings through a bank/financial institution to earn interest on your money for additional contributions to your education.

Your parents or other relatives might also be able to contribute to education costs.

 

Types of Financial Aid

It is important to know the difference between the types of financial aid available to you to ensure that you are looking for the right opportunities.

Scholarships are awarded on the basis of academics or other achievements from a post-secondary institution or an outside organization.

Bursaries are awarded on the basis of financial need from a post-secondary institution.

Grants are awarded on the basis of academics or financial need from an outside organization that is not your school.

Scholarships, bursaries, nor grants have to be repaid. 

 

Financial Aid Links

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