Scholarships In Canada: Finance Your Education

By Saint Mary's University Modified on January 11, 2017

Research your options and apply for every scholarship and bursary possible!

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As you prepare to attend university, it’s important to create a detailed budget and include costs such as tuition, student fees, residence, meals, travel, books, phone and entertainment. Every university website has a breakdown of tuition and fees – you can find a breakdown of Saint Mary’s University fees in our handy tuition calculator. Remember that your university education is an investment in yourself and your future earnings potential!

Scholarships vs. bursaries. Bursaries are based solely on financial need. They are like a grant that does not have to be repaid. Scholarships are based on factors like academic-merit, recommendations, and extracurricular and volunteer involvement. Sometimes they are awarded in one payment and sometimes they are renewable, which means you can earn the award each year of your degree.

How to apply. Some universities have automatic entrance scholarships, while other universities may require you to submit a separate scholarship application that is in addition to your program application. International students who apply to undergraduate degrees at Saint Mary’s university are automatically assessed for renewable entrance scholarships when assessed for admission. These awards range in total four-year value from $3,500 CAD to $14,000 CAD – learn more at www.smu.ca/scholarships. Your entrance scholarship will be deducted from your tuition fees.

Apply for everything! Many scholarships and bursaries are not awarded each year simply because students do not apply. Filling out a scholarship application only takes a little bit of time and can have a huge payoff. Canadian university campuses have Financial Aid Officers who can help you prepare a budget and learn about the various scholarships and bursaries for which you may be eligible.

Don’t be afraid to ask questions and apply for as many scholarships and bursaries as possible. And remember, your university education is an excellent investment in your future!