1. Funding your Post- Secondary Education A Kardish & Stefanec Production

2. Agenda Introduction Introduction Scholarships Scholarships Bursaries Bursaries Grants Grants Loans Loans OSAP OSAP Resources/Advice to Help Resources/Advice to Help

3. Scholarships A scholarship is a cash award or equivalent granted for educational expenses. A scholarship is a cash award or equivalent granted for educational expenses. Recipients are selected according to criteria established by the donor Recipients are selected according to criteria established by the donor Repayment is not required. Repayment is not required.

4. Scholarships Cont… There are different types of scholarships: There are different types of scholarships: Internal Scholarships Internal Scholarships Entrance (based on marks) Entrance (based on marks) Merit (based on marks/other) Merit (based on marks/other) External Scholarships Based on a variety of different factors as chosen by the donor Based on a variety of different factors as chosen by the donor

5. Bursaries Bursaries are cash awards or equivalents that are based primarily on financial need (marks may also play a factor) Bursaries are cash awards or equivalents that are based primarily on financial need (marks may also play a factor) Repayment is NOT required Repayment is NOT required

6. Grants Grants are cash awards or equivalent given to a student or potential student to help that person continue his/her studies. Grants are cash awards or equivalent given to a student or potential student to help that person continue his/her studies. Repayment is NOT required. Repayment is NOT required.

7. Loans Loans are money that is lent out to individuals and that MUST BE REPAID. Loans are money that is lent out to individuals and that MUST BE REPAID. There is usually an extra cost of borrowing money, called interest, which must be paid in addition to the loan amount, called principal. There is usually an extra cost of borrowing money, called interest, which must be paid in addition to the loan amount, called principal. Ex. Student lines of credit, OSAP Ex. Student lines of credit, OSAP

8. OSAP OSAP is the Ontario Student Assistance Program OSAP is the Ontario Student Assistance Program OSAP is a loan by the Ontario Government given to students based on their financial needs and NO interest is charged while the student earns their diploma/degree(s), and no principal repayment is required as long as they are a full time student. OSAP is a loan by the Ontario Government given to students based on their financial needs and NO interest is charged while the student earns their diploma/degree(s), and no principal repayment is required as long as they are a full time student.

9. OSAP Cont… Through OSAP there are also parts that include grants and scholarships.(Queen Elizabeth II Aiming for the Top Scholarship) Through OSAP there are also parts that include grants and scholarships.(Queen Elizabeth II Aiming for the Top Scholarship) The OSAP calculator gives a rough estimate as to how much money will be lent to you. The OSAP calculator gives a rough estimate as to how much money will be lent to you. Apply as early as possible, but you cannot submit it until you accept an offer from college/university Apply as early as possible, but you cannot submit it until you accept an offer from college/university www.osap.gov.on.ca www.osap.gov.on.ca

10. Resources to Help You www.scholarshipscanada.com www.scholarshipscanada.com www.scholarshipscanada.com www.studentawards.com www.studentawards.com www.studentawards.com www.canlearn.net www.canlearn.net www.canlearn.net University websites University websites Guidance Binder Guidance Binder Make a Guidance Appointment! Make a Guidance Appointment!