Youthink PS

Spring 2020

Youthink PS is Western Canada¹s post secondary resource guide for high school students planning on attending university, college or other Canadian post secondary institutions and is distributed to 400 high schools across BC and Alberta.

Issue link:

Contents of this Issue


Page 5 of 15

YOUTHINK.CA 6 YOUTHINK PS > FALL 2019 676807-XX-17.indd HOW TO PAY for Post-Secondary: A Guide to FINANCIAL AID W ithout a doubt, the cost of post-second- ary education can exact a heavy toll. Luckily, students can take advantage of financial resources that are administered by the government, schools, banks and other or - ganizations. Here is a breakdown of the financial aid options available. Government student loans Government loans are distributed annually. The amount of money that a student may borrow is determined by a combination of factors: educational costs, family income and other student resources (i.e. scholarships). After students graduate from university or college and find employment, interest is added to the loan and repayment commences. Bank student loans If students are rejected for a government loan (usually this is attributed to their family income exceeding a cut-off amount), they can obtain a line of credit from a bank. Bank loans can usually be secured by an adult with credit in good standing. Students must make low interest-only payments while in school and they are required to pay off their loan after they leave their post-secondary institution. Internal scholarships Based on academic merit, most entrance scholarships are awarded to full-time students (who are entering university for the first time) with exceptional grades. In addition to academic standing, extracurricular activities may be taken into account. Throughout the three or four years of undergraduate study, students may also be considered for in-course scholarships (upon the recommendation of their faculty), athletic awards and service awards. Ext ernal scholarships Different organizations offer a variety of ways to win prizes and cash. Discover more opportunities by visiting these websites:; B ursaries Students in financial need may apply for entrance bursaries upon their acceptance to an undergrad- uate program. Students may also apply for more bursaries every year during undergraduate study . The allocation of bursaries is predominantly dependent on the degree of financial need, but may also be based on academic standing. • BY JOY LIZETTE AGUILAR Canadian Imperial College_v2.indd 1 2019-08-23 5:52 AM

Articles in this issue

Links on this page

Archives of this issue

view archives of Youthink PS - Spring 2020