// SHOW ME THE MONEY!
If your personal bank, a.k.a. "The Bank of Parents," and your own work savings aren't enough to cover your expenses, there are plenty of other potential sources. You just have to know where to look, what to ask for and how to apply. To make your quest easier, break it down according to the three main funding sources: school, government, banks. Search for non-repayable funding (scholarships, awards, grants and bursaries) and supplement with repayable student loans and lines of credit to ensure you have sufficient resources.
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Award programs for new and returning students, including scholarships and bursaries offered by local businesses, corporations, foundations or individuals. |
Funding programs from the federal and provincial governments. Student loans are based on financial circumstances, and are interest-free until graduation with a six-month grace period before payments start. Grants and bursaries may also be based on factors such as grades or special circumstances. |
Use your financial institution in one of several ways: to set up your government student loan, furnish a private loan or arrange a line of credit. |
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// SchoolYour school's website or financial aid office. ScholarshipsCanada.com, where you can search by school, academic field or timing. |
// GovernmentApply to your province or territory for any student loan program. Visit www.canlearn.ca for information, provincial links and application forms. |
// Financial InstitutionsLearn more about the convenient terms of RBC loans and lines of credit for students. |
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// SchoolOften, no application is necessary for school-sponsored programs, but you'll probably have to complete a separate application for every other individual scholarship or bursary you apply for. |
// GovernmentOne application gets you assessment for both federal and provincial assistance, including the Millennium award (now available only until 2010), Canada Study Grants and Canada Access Grants. |
// Financial InstitutionsApply online or visit your local branch and speak in person to an RBC Credit Specialist. |
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