Studying In Canada - Scholarship And Funding Opportunities

by Misytom M. Why Choose Ireland for Higher Study

Regardless of the nationality, several options are available to help students finance their education in Canada. Besides providing scholarships and bursaries, Canada offers student loans and bank loans to help students overcome the financial barriers.

However, in such a vast pool of funding opportunities designed for prospective students, you might be confused. When you are researching about funding your education in Canada, you will possibly find multiple scholarships, bursaries, loans, and awards offered for students. What is the difference between them? Which one are you qualified for? How do they work? Do you need to pay back, and how do you do that?

Here are the explanations for better understanding

Scholarships

Generally, scholarships are based on academic merit which is awarded according to the average grade from high school. It can be considered as financial prize that will be used towards tuition payment. Scholarship claiming procedures vary for each scholarship, but commonly include a request for your academic transcripts.

Bursaries

A bursary is usually an award for a student with financial need. Although bursaries have academic requirements, they are normally focused on helping students who do not have the resources to pay on their own. Applications for bursaries often want you to show why you are in need of the aid and how big your need is.

Loans

Student loans form a big amount of student aid. Student loans are normally arranged by the government or a bank. The terms of a student loan differ depending on the provider and the receiver. Student loans are usually paid back after the student finishes the study, with interest charged on the loan total.

Grants                                                                 

Students who meet specific criteria may receive Canada Study Grants direct from the government.

Canada study grants are issued to those who are permanently disabled, who need exceptional financial assistance, who have children and to woman enrolled in specific doctoral studies.

Depending on a student's financial need and qualifying circumstances, the government of Canada issues grants. If the student fails to complete the degree program, or for any reason leaves the college before finishing the study, grants have to be repaid.

Summary

The Government of Canada offers multiple student financial assistance programs to ensure that financial need is not a barrier to the students who choose Canada for higher study.

Have your financial planning and commitment in advance. Identify what financial assistance program you qualify for, among the many scholarships or funding opportunities created for international students.

Consult with JMJ educational services to study in Canada. JMJ, one of the best Canada education consultants in Hyderabad have been assisting aspiring students for their study visa in Canada. Get excellent guidance in choosing the best university or college and know about the funding opportunities with regard to your academic profile.

Visit http://www.jmjeduservices.com/countries/canada/ for more information.

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Created on Dec 31st 1969 18:00. Viewed 0 times.

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