To be a student requires a constant source of funding. Due to high cost of living for many in Canada as it is in other parts of the world, students find it hard to access adequate education. However, there are several sources of funding in terms of scholarships to assist many students who do not have a stable source of funding. These scholarships have given many a chance to build up their career life. These funds are accessible all that one need to do is to apply for the scholarship that suits them. Here are several types of scholarships that one can benefit from in Canada.
Merit scholarships are available in Canada. Several factors make one eligible to this kind of funding. Being active in issues of community development and other activities in the society gives one access to this type of scholarship. In addition, leadership qualities help one to benefit from this type of scholarship. If one has leadership skills and have what it takes to move masses, one can get the funding of this scholarship by merit. If a student is innovative and endowed with skills of coming up with new ideas that are out of the obvious, this type of scholarship can help the individual get the knowledge and skills to perfect already what they have.
Automatic consideration scholarship in Canada is another source of funding for the eligible students. In order to benefit from this type of scholarship, one does not have to apply as the university gives their own testing to determine whether the student is eligible or not. It benefits those students with outstanding performance in the examination, those who are involved in extra curriculum activities such as sports, and those who the university evaluates and finds that they are in need of financial aid. In this case one has to present themselves to the administrative body of the university and then they will decide whether one is qualifies for it or not.
Moreover, one can benefit from the academic scholarships in Canada. This comes after hard work in the academic work. This type of scholarship is awarded to students with high grades in the examination. Hence one does not have to apply for the scholarship as the performance gives an automatic access to it. In this case, one has to get 90-95% in the examination to benefit from this scholarship. Thus, one has to work hard for this scholarship.
If you are joining university in Canada, each one of them has an entry scholarship. The criterion is more or less that of merit scholarships. To be eligible one has to at least achieve 5% top performance in the Canadian grading system. However, in order to access it one has to make an application besides the one to the campus.
However, if one does not meet the above qualifications to gain any of the scholarships, one can borrow a student’s loan from the bank. These loans are available to the student whereby they pay back after graduating and getting a job. In this case, one can present him/herself to the bank officials and discuss the terms of the loan and the conditions involved.