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ESA Student Services Department1
Scholarships Scholarships Bursaries Bursaries
& & LoansLoans
Financing Your Post-Secondary Education
ESA Student Services Department2
Costs of Post-Secondary Costs of Post-Secondary Education Education
Tuition & Books ~ $8500
Residence & Meal Plan ~ $9000-$10000
$19 000/yr x 4 yrs ~ $76 000
(Figures based on an Honours Bachelors Degree Program at an Ontario University)
ESA Student Services Department3
Where to get the ?Where to get the ?
Personal savings (from part-time employment)
RESP’s or other investments from parents
ESA Student Services Department4
What if I don’t have enough $$$ What if I don’t have enough $$$ saved?saved?
Bursaries– $$ that is awarded but does not have to be paid back
– usually based on some area of need (eg: financial need)
Loans– from a bank or from the government (OSAP)
– must be paid back with interest (some grace period)
Scholarships
ESA Student Services Department5
The Reality…. The Reality…. No single source
will cover all the costs
BUTYou can finance
your education using a combination of these methods
job
Bursdad
bankmom
Schl
OSAP
$$$RESP
ESA Student Services Department6
Who Wins Scholarships?Who Wins Scholarships?Students who Are involved in their community Participate in extra-curriculars Have good grades Have shown
– Leadership
– Initiative
– Determination
– Courage in the face of hardship Apply for them!
ESA Student Services Department7
Merit Based Scholarships
Academics onlyAcademics
Community InvolvementExtra-curricular
Community InvolvementExtra-curricular
Other specific criteria
Usually offered by univ or college
Automatic consideration when you apply through OUAC / OCAS
Separate application form not needed
May be offered by private companies or univ/college
Separate application form needed
Examples
Loran
TD Canada Trust
Chancellor’s Award
offered by private companies
Minimum academic average is lower
Separate application form needed
Examples
Burger King
Wendy’s
ESA Student Services Department8
Getting StartedGetting Started
Fill in the Scholarship Information Form & hand it in to Student Services ASAP
Do your research: www.scholarshipscanada.com
Set up a master calendar with deadlinesApply earlyCollect letters of recommendation from
teachers, supervisors, etc.
ESA Student Services Department9
Locating Scholarships
Listen to the announcements
Visit www.esainfo.ca and select the Student Services tab to find info on scholarships, bursaries, and financial aid
Search the web: www.scholarshipscanada.com and university & college websites
ESA Student Services Department10
Locating ScholarshipsLocating ScholarshipsOutside sourcesOutside sources
Your parents’ place of employment
Your church or other religious organization
Community groups such as the Optimists Society, Lions Club, etc.
Banks & major financial institutions
ESA Student Services Department11
Letters of RecommendationRequest the Letter of Recommendation in
writing 3 weeks prior to deadlineDescribe the scholarship criteria List the deadline dateProvide a copy of the completed SIFProvide an addressed envelope (with a
stamp)Write a thank-you note to your referee
ESA Student Services Department12
Application FormsApplication FormsDO NOT hand-write the applicationDO complete a rough draft & get a teacher
to proof-read itDO NOT leave any sections blankDO read the instructions & follow themDO NOT miss deadlinesDO keep a photocopy of the applicationDO NOT TALK YOURSELF OUT OF
APPLYING
ESA Student Services Department13
EssaysEssays
Read & discuss the topic with a teacherPlan, plan, planOrganize your thoughtsBe conciseEdit, Edit, EditAlways follow the instructions carefullyHave a teacher froop-read the final draft
ESA Student Services Department14
Each year many scholarships go Each year many scholarships go unclaimed!!!unclaimed!!! Look for smaller
scholarships – less competition
Apply for everything that you qualify for
Don’t give up Believe in yourself
ESA Student Services Department15
Where to Get More InformationWhere to Get More Information
Other web sites – visit www.studentawards.com
Resources in Student Services University & College RepresentativesUniversity & College websiteswww.electronicinfo.ca
ESA Student Services Department16
Hand in your completedHand in your completedScholarship Information FormScholarship Information Form
to to Student ServicesStudent Services
by Monday, October 1, 2012.by Monday, October 1, 2012.
