Scholarships are a great way to pay for a college education. The beauty of a scholarship is that, unlike a loan, it does not require repayment. The types of scholarships available are as diverse and wide-ranging as the interests of the students who wish to acquire them. While some are tailored for those seeking public service, others are awarded for students wishing to pursue topics ranging from math to history to dance.
Scholarships may be private, national, or commercial. One major key is knowing what your odds of obtaining one are: by working smart, you can find scholarships that fit your goals, talents, abilities, ethnicity, and family economic status. Another factor is the amount of time you are willing to commit to the application process, and where to look. Some scholarships, such as those found at Ratesupermarket.ca , are based on sweepstakes rather than merit, and require a simple application process. The most prestigious scholarships available to Canadian citizens, however, are lucrative, esteemed, and brutally competitive. Below, we review the five most prestigious scholarships in Canada:
The Rhodes Scholarships for Canada
Every year, eleven scholarships are given to outstanding Canadian students, chosen based on "exceptional intellect, character, leadership, and commitment to service" to study at the University of Oxford. The eleven scholars are selected to represent different regions of the country: one Scholarship in British Columbia, three in the Prairie province, two in Ontario, two in Quebec, two in the Maritimes, and one in Newfoundland. Students from the Yukon, Northwest Territories, and Nunavut should apply in the province in which they attend university. Applicants studying at a Canadian university can apply either in their province of residence or in the province where their university is located.
TD Scholarships for Community Leadership
Each year, up to twenty students are awarded a scholarship with a value of approximately $70,000 in recognition of young leaders in communities across Canada. Each award includes up to $10,000 for tuition per year, and $7,500 a year for living expenses. Approximately 4000 students apply each year.
The Loran Award
With 30 awards totaling $80,000 each, the prestigious Loran Award is granted over four years of study, and consists of tuition waivers, living stipends, summer enrichment funding, and mentoring. A student is either nominated by their school or self-nominated. The Loran is designed for recipients who have not only demonstrated leadership potential, but those who have developed a clear vision of leadership through experience.
Schulich Leader Scholarship
Launched in 2011, this relatively new scholarship is already being touted as the ‘Rhodes of Canada.’ Forty awards are made in the sum of $60,000 each. The Schulich Leader nominee will require a nomination from their high school, after which they receive a link to the online application. Next, students apply their nomination to the participating Canadian universities where they intend to submit formal applications.
Vanier Canada Graduate Scholarships
This graduate student award provides $50,000 per year over three years, with the intention of retaining highly skilled doctoral students who demonstrate leadership skills and a high standard of scholarly achievement. Candidates must be nominated by the university where they wish to study, and prospective students cannot apply directly to the Vanier program.