Scholarships and Bursaries

Make a difference in a student’s life this year.

Three out of every four students require some form of financial assistance. Student aid plays a key role in helping students stay in school, realize their dreams, and build a rewarding career.

A diverse group of five Algonquin College students smiling.

Scholarships and bursaries

Scholarship: A scholarship is a financial aid fund given to students based on their academic merit.

Bursary: A bursary is a financial aid fund given to students based on their financial need.

Scholarships and bursaries are given out throughout the academic year (Fall to Spring).

Criteria

Students may be selected to receive scholarships and bursaries based on a number of criteria discussed and decided with the donor and outlined in a gift agreement.

Endowed vs Non-Endowed

Creating an endowed scholarship or bursary

Endowed funds will exist in perpetuity for the lifetime of Algonquin College. The principal of an endowed fund remains untouched and 3.5% of the interest accrued is disbursed each year to students.

To establish an endowed fund, a minimum investment of $15,000 is required. An investment of $15,000 will provide approximately $525 available per year for disbursement.

Creating a non-endowed (expendable/annual) scholarship or bursary

To establish a non-endowed (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 students. Payment reminders each year will be sent to donors for their next installment.

Establish a financial aid fund

If you are a donor and would like to establish a bursary or scholarship, contact us.

If you are a student and would like more information on available scholarships and bursaries, discover your options in Financial Aid and Student Awards.