Awards, Bursaries, and Scholarships

Make a difference in a students’ life this year

Three out of every four students require some form of financial assistance. Awards, bursaries and scholarships play a key role in helping students stay in school, realize their dreams and build a rewarding career.

Scholarships, Bursaries and Awards:

Scholarship: A Scholarship is based on academic merit.

Bursary: A Bursary is based on financial need.

Award: An Award is based on qualities that a student embodies and may touch on extracurricular activities.

Scholarships, bursaries and awards are given out throughout academic year (fall to spring).

Criteria: Students may be selected based on a number of criteria as discussed/decided with the donor and outlined in a gift agreement, including program of study, semester of study, campus, affiliation with a group based on self-identification; for example: Black student, Indigenous student, student with a disability, refugee, new immigrant, women, mature student, single parent, etc.

Endowed vs Non-Endowed:

Creating an endowed award, scholarship, bursary: To establish an endowed fund a minimum investment of $15,000 is required. This fund will exist in perpetuity for the lifetime of Algonquin College. An investment of $15,000 will provide approximately $600 available per year for disbursement (The principal remains untouched and 4% of the interest accrued is disbursed each year to the student(s)).

Creating a non-endowed (Expendable/annual) award, scholarship, bursary: To establish an expendable/annual fund a minimum investment of $5,000 expendable over 5 years is required. This provides an annual amount of $1,000 to be disbursed to student (s). Payment reminders each year will be sent to donors for their next installment.

Want to establish an award, bursary or scholarship? Contact us.

If you are a student and would like more information on available Awards, Bursaries, and Scholarships, please visit Algonquin College’s Financial Aid website.