For current and future post-secondary students, here are some financial aid options to consider in your pursuit for your post-secondary education.
Scholarships, grants and bursaries
Scholarships, grants and bursaries are non-repayable awards that are funded by various institutions such as university or colleges, government, private donors, organizations and agencies. Scholarships are normally based on academics merit, extra-curricular, volunteer work and other criteria (e.g., nationality). Bursaries and grants consider financial need and include other eligibility requirements such as the program of study.
Student loans and lines of credit
Government student loans are forms of financial assistant provided by the government that require the borrower to repay the amount of money borrowed with interest. If the individual does not qualify for government student loans, various banks offer student lines of credit.
Internships, co-operative education and apprenticeship
Students are encouraged to work to pay for their education. As part of gaining valuable work experience in their field of study as well as improving their resume, students are encouraged to apply for internships, co-operative education and apprenticeships.
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Article created by Nikki Reyes, Marketing Intern at Luke's Tailored Tutoring