Student Scholarships and Student Bursaries
Entrance scholarships for students entering engineering programs from high school and other post-secondary institutions are typically awarded to outstanding new students. Bursaries are available to students and are more typically based on a combination of academic achievement and financial need and/or achievement in other areas such as leadership and community service. These awards may be offered by high schools, university and college engineering schools, professional organizations, local businesses and national chains, and charitable foundations. They may be available on a non-renewable or renewable basis.
Student Loans and Grants
Student loans and grants are other types of financial aid available to both students and parents. Often payments do not begin until the student finishes the program and the interest rate is commonly lower than for other types of loans. For students with no established credit record, it is usually easier to get student loans than other kinds of loans. You can obtain information on the Canada Student Loans Program from your high school career counsellor or the university’s or college’s student services or financial aid department. As well, each province has a program that offers financial assistance to students.