digging up sources of college and university funding
TRANSCRIPT
Digging up Sources of Funding for Higher Education
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Full time, part time or co-op?Canada or International?
What program? What school?
Go on to higher ed or take a gap year?
Live at home? In residence? Off campus?
College or university?
The common denominator:How will you pay?
Decisions, Decisions
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Common Sources of Higher Education Funding
Students cobble together multiple sources of funding for higher education:1.Government loans & grants2.Help from family 3.Personal savings4.RESPs5.Private loans (banks, etc.)6.Scholarships & awards7.Working while at school*
The funding gap for thefirst degree or diploma, on average:
$27,000*Source: ScholarshipsCanada/HigherEdPoints Study: “Not your parents higher ed”
$28,300,000,000Outstanding student debt
Source: http://www.statcan.gc.ca/daily-quotidien/140225/dq140225b-eng.htm
The funding gap explains why this number is so high!
A Funding Feast and Famine
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Merit-based:
10%-20%
High marks &
high achieversFinancial
need-based:
10%-20%
All the rest
60%-80%
THE “MIDDLE SIXTY”Parent income too high for needs-based
&Marks too low for merit- based
Additional Sources of Funding*some digging required*
Campus Financial Aid Officers are your friends!
“You can’t meet a deadline you don’t know exists!”
UNB has ONE application you can fill out to be considered for
over 850 awards
85,543 awards worth
$193,531,556
StuckAtProm.com
including this one:
Scholarship FactsDid You Know?
• There is an award for you – There are over 85,000 scholarships, bursaries and awards worth over
$190 million available on ScholarshipsCanada.com
• You don’t need to have high marks – Many awards do not require an academic average
• You don’t need to be in financial need – Only 32% require you to be in financial need
• Your community service is important– 10% of all scholarships require school/community service or
leadership (that’s over $10 million worth of scholarships!)
Scholarship FactsDid You Know?• There is no “scholarship season”
– Deadlines occur all year round– (7% have deadlines in May; 6% are in October or April)
• Scholarships come at different stages of your academic life– Entrance scholarships are for student going into college or university (19% in
our ScholarshipsCanada.com database)– Graduate scholarships are for students doing their master’s or doctoral studies – Automatic consideration scholarships mean you will be automatically
considered just by applying to the school (24% in the ScholarshipsCanada database)
– Some scholarships are awarded during your studies (years 2, 3 or 4) and some are awarded at the end of your studies (upon graduation)
ScholarshipsCanada.com
Advice:For Scholarship/Award Applications
• Create a master list of all the awards and scholarships you are interested in applying for—and calendarize deadlines
• Read the details—criteria, Terms and Conditions and note the deadline(s)
• Apply for the awards best suited to your personal profile—and interests (they will be easier for you to complete because of your interest)
• Re-visit the sites regularly to see what’s new
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The Anatomy of a Scholarship Application
“We believe that leadership deserves recognition. Tell us how you’ve been a community leader and you could be one of 20 students to receive a full TD Scholarship worth up to $70,000.”
TD Scholarships for Community Leadership are open to students across Canada who:•Are in their final year of high school or CEGEP•Have a minimum overall grade average of 75% in their most recently completed school year•Have demonstrated community leadership•Are a Canadian citizen or Permanent Resident
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1. A 600-word essay (three copies) describing your community leadership experience. Tell us:•Why you got involved.•How your involvement shows initiative and innovation.•The ways your efforts have strengthened others.•How long you have been involved.•What you think the long-term impact will be.•How your community has affected you.•In addition, include a brief description of the range of your other community activities.
2. A letter of recommendation from your school.3. Two letters of support from community groups.4. Your academic transcript
You also have the option of including:-A 250-word essay (three copies) describing your family and personal life, for example your family’s employment or economic situation.-A 250-word essay about your life experiences if you have taken a year or more away from high school or CEGEP.
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Finding money on campus
Before you go:•Visit campus website’s Financial Aid pages•On campus tours, be sure to visit the Financial Aid and Career Centers!Once you’re there:•Visit the Financial Aid office, introduce yourself to an Officer and check regularly for new awards (Go Dumpster Diving!)
•Ask about campus Work-study programs
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HigherEdPoints.com Turn loyalty points into an education
How HigherEdPoints Works
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Higher Ed Points
Parent’s, grandparent’s….
Visit www.HigherEdPoints.com for more details
Over 100 Participating Institutions:Visit www.HigherEdPoints to see the full list
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Resources: CanLearn.ca
Jobs
www.Riipen.com Complete projects, gain experience, earn cash, and build your virtual portfolio with recommendations from real companies at Riipen.
http://www.magnet.today/ Over 3,500 businesses, small and large, are using Magnet to find qualified candidates for their job openings.
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HigherEdPoints:Suzanne Tyson, Founder & CEO
We’d love your feedback!
ScholarshipsCanada:Chris Wilkins,
416-494-3343