Financial Info
February 4, 2021
Post-Secondary education is expensive. There are, however, some ways to substantially lessen the financial strain.
Scholarships and Bursaries
A scholarship is an amount of money that has been granted by an organization or individual to a student for tuition and other educational expenses. Sources for scholarships include the government, post-secondary schools, and community groups.
Scholarships can be based on:
- grades
- achievements in sports, the arts, or other areas
- community involvement
- volunteering
- cultural affiliation
- student’s or parent’s place of employment (check with employer)
A bursary is a grant given to a student who has demonstrated financial need. Sources include the government, post-secondary schools, and community groups.
- WSD1 Scholarships
This is a WSD1 site that has scholarships categorized by the months the applications are due. - Student Awards
Answer the questionnaire and get a list of scholarships suited to you. - Scholarships Canada
Similar to the above site. - Money
This is a Government of Canada web site that has information on Scholarship and Bursaries, as well as general money management. - Aboriginal Scholarships and Bursaries
Windspeaker and AMMSA maintain an extensive list of scholarships and bursaries available to Aboriginal students.
**Read the Daily Bulletin for Scholarship announcements. Scholarship information from a variety of organizations and agencies arrives regularly and is advertised in the bulletin.
**If you would like further assistance in finding scholarships/bursaries, please come and talk with the Career Advisor.
Student Loans
Government-sponsored student loans are available to students. Half of the loan is federally funded and the other half is provincially funded (only one application is required, though).
The benefit to getting a government student loan as opposed to a loan through a financial institution is that you do not have to make any payments while you are a full-time student. You will need to start paying back the federal portion of your loan immediately after you stop studying full time. Your provincially funded loan, however, you can start paying back 6 months after you stop studying full time (and there is no interest charged during that time).
The thing to remember with a student loan is that it is NOT free money!!!!!! You WILL have to pay it back–so be financially responsible.
Applications are available on June 1 for those wishing to start studying in September.
Your Career Advisor will have a representative from Manitoba Student Aid come to the school to do a presentation in the spring.