Financial Support for Seneca Students
First off, we should define some terms:
These are amounts of money you receive to help finance your education that don’t normally have to be paid back. Grants and bursaries are awarded based on financial need and other factors. Scholarships are awarded based on academic merit and other factors.
- Student loan
This is an amount of money to help finance your education that you typically have to pay back.
When most Ontario college students start thinking about financing their education, they start with OSAP – the Ontario Student Assistance Program which provides grants for full-time students and part-time students. OSAP also offers loans and part-time students. It’s a great place to start, but there’s lots of other possibilities out there.
If you do qualify for OSAP money, or even if you don’t, Seneca is another place to look for assistance.
Bursaries and scholarships available to Seneca students range in value. Our Head Start bursaries are available to first-year students and can provide $2,000 for nursing or degree students or $1,000 for diploma students.
Here’s some other examples:
- The Ontario First Generation Bursary. It’s for students who are the first generation in their families to attend post-secondary education
- Seneca’s scholarships also include the Marie Labatte Award which offers a full-year of tuition to a returning full-time female student who has volunteered in the community.
- The Board of Governors Entrance Scholarship, Peter N. Ross Scholarship and the Stephen E. Quinlan Next Generation Bursary are each worth $1,500.
Canada’s banks also get into the act with scholarships like the RBC Royal Bank Scholarship Awards and the TD Canada Trust Scholarships for Community Leadership.
And finally, here’s a website that allows you to search for scholarships, bursaries or awards available to students across the country: www.studentawards.com.
Earning money at Seneca
You can earn money while you’re at Seneca.
Work Study programs help students find part-time jobs on-campus in such areas as Student Services, peer tutoring and on our computer help desks. Positions are usually flexible, planned around your timetable, and the rate of pay starts at $10.25 per hour and students can earn up to $1,000 per semester.
OSAP offers loans that are repayable upon graduation and banks also offer them. Keep them in mind, but your first step should always be to investigate any scholarships, bursaries or awards you may be eligible for. If you are going go with the student loan route, you should probably seriously crunch some numbers so you’re only borrowing what you need.