Bursary Award

What is a scholarship?

A scholarship is a type of financial payment given to certain students or prospective students to help defray costs associated with attending a college or university, primarily in the UK and Canada. A scholarship, or simply a bursary, is a sum of money given to students based on their financial need and/or academic performance. A scholarship is offered to the student by the educational institution and is similar to Scholarships awarded by American universities.

Key points to remember

  • A scholarship is a monetary grant given to eligible students or prospective students by an educational institution such as a university.
  • Like scholarships in the USA, scholarships are a way for students in the UK and Canada who are struggling financially, but excel because students have access to educational resources.
  • Scholarships should be applied for, with particular attention to the most disadvantaged, as well as members of underrepresented and underserved social groups.

Understanding scholarships

The scholarships are part of the Canadian and UK programs financial aid programs. Bursaries are non-reimbursable and are used to provide some students with money to cover discrepancies between the amount of financial aid a student needs to attend school and any available government aid to which they are entitled . Unlike scholarships for excellence, these scholarships are awarded on the basis of financial need, which makes them quite different from scholarships linked to academic achievement.

These types of awards are most often funds that have been generously donated by corporations, private donors, foundations, and government funds. Many scholarships have additional criteria tied to them in addition to financial need. Eligible students in Canada and the UK can apply for various scholarships based on their suitability and need. There are also scholarships specifically for students with disabilities, and some schools offer emergency scholarships for international undergraduate students. Academic advisors in college and university financial aid departments can help a student find suitable scholarships.

Application for scholarships

Students must complete and submit an application which will be reviewed by a scholarship committee. Each committee member will read the application and make a recommendation based on their merits. Deadlines are important, as late requests are not considered. Scholarships are most often given to students who need them the most financially. Prospective students can apply for entrance scholarships, while continuing education students can also apply for scholarships.

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