Showing posts with label Bursary. Show all posts
Showing posts with label Bursary. Show all posts
Wednesday, September 08, 2010
Volunteering Pays - Youths can volunteer for bursary
Did you know that students who volunteer for an organization for more than 100 hours per year are eligible for a bursary from the Manitoba government? See the website for more details - and pass this info on to people who might be interested.http://www.gov.mb.ca/healthyliving/youth/employers/youthserves
Wednesday, October 22, 2008
October 22, 2008
4,295 LOW-INCOME STUDENTS TO SEE DEBT LOAD CUT WITH $18.8-MILLION IN POST-SECONDARY AID
The debt load of 4,295 low-income post-secondary students will be reduced with an investment of $18.8-million in bursaries from Manitoba and the Canada Millennium Scholarship Foundation this year, Advanced Education and Literacy Minister Diane McGifford announced today.
“The Manitoba government is continuing to ensure post-secondary education is accessible and affordable to as many individuals as possible and we’re proud to say that among all of the provinces participating in the Canada Student Loan Program, Manitoba has the lowest student debt levels after loan remission,” McGifford said. “Reducing debt levels helps students manage the cost of earning a diploma or degree.”
The joint loan-reduction program is funded by $10.6 million from the Canada Millennium Scholarship Foundation and $8.2 million from the Manitoba government. The combined loan remission reduces student debt to a maximum of $5,900 for the most recently completed academic year. A total of 2,183 students are receiving an average of $4,850 through the Canada Millennium Scholarship Foundation this year. As well, 2,112 more low-income students will receive an average of $3,775 from the Manitoba Bursary Program.
Funds currently being awarded are for debt incurred in the 2007-08 academic year. The bursary funds are paid directly to lenders and are applied against a student’s outstanding loan. The benefit is provided to students each year at the end of their study period. Letters will be mailed to students in the next two weeks to let them know the remission they can expect this year.
The province is also assisting military reservists who are on active duty by placing their student loans on interest- and payment-free status to align with a policy decision of the federal government. This program will be implemented in the near future.
The minister noted the most recent provincial budget further improved affordability by reducing the interest charged on student loans by one per cent to 1.5 per cent above the prime lending rate. Prime is 4.75 per cent, which means students are charged 6.25 per cent on their Manitoba student loans. Many provinces still charge 2.5 per cent above prime on their provincial student loans.
The proportion of non-repayable student aid varies significantly from province to province, from a low of 12 per cent in B.C. to a high of 48 per cent in Manitoba, producing differences in the debt burdens of students in each province.
Earlier this year, the Manitoba government conducted a student satisfaction survey. Questions included information about the loan application process to ensure information was readily available, easy to understand and user-friendly. About 1,100 students currently attending Manitoba’s public post-secondary institutions responded to the survey. In response, an overwhelming 91 per cent majority of students surveyed said they believed their education was worth the cost to complete.
“Manitobans understand the value of post-secondary education and are motivated to work hard to achieve their long-term goals,” McGifford said.
As well, more than 4,600 Manitobans have taken advantage of the province’s tuition rebate program in its first year. Of the 4,670 graduates accessing the rebate, which is intended to both retain and attract people to Manitoba, 431 were graduates from institutions outside of Manitoba. The initiative provides post-secondary graduates with a 60 per cent income tax rebate on eligible tuition fees helping recent graduates living and working in Manitoba to pay for their education.
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4,295 LOW-INCOME STUDENTS TO SEE DEBT LOAD CUT WITH $18.8-MILLION IN POST-SECONDARY AID
The debt load of 4,295 low-income post-secondary students will be reduced with an investment of $18.8-million in bursaries from Manitoba and the Canada Millennium Scholarship Foundation this year, Advanced Education and Literacy Minister Diane McGifford announced today.
“The Manitoba government is continuing to ensure post-secondary education is accessible and affordable to as many individuals as possible and we’re proud to say that among all of the provinces participating in the Canada Student Loan Program, Manitoba has the lowest student debt levels after loan remission,” McGifford said. “Reducing debt levels helps students manage the cost of earning a diploma or degree.”
The joint loan-reduction program is funded by $10.6 million from the Canada Millennium Scholarship Foundation and $8.2 million from the Manitoba government. The combined loan remission reduces student debt to a maximum of $5,900 for the most recently completed academic year. A total of 2,183 students are receiving an average of $4,850 through the Canada Millennium Scholarship Foundation this year. As well, 2,112 more low-income students will receive an average of $3,775 from the Manitoba Bursary Program.
Funds currently being awarded are for debt incurred in the 2007-08 academic year. The bursary funds are paid directly to lenders and are applied against a student’s outstanding loan. The benefit is provided to students each year at the end of their study period. Letters will be mailed to students in the next two weeks to let them know the remission they can expect this year.
The province is also assisting military reservists who are on active duty by placing their student loans on interest- and payment-free status to align with a policy decision of the federal government. This program will be implemented in the near future.
The minister noted the most recent provincial budget further improved affordability by reducing the interest charged on student loans by one per cent to 1.5 per cent above the prime lending rate. Prime is 4.75 per cent, which means students are charged 6.25 per cent on their Manitoba student loans. Many provinces still charge 2.5 per cent above prime on their provincial student loans.
The proportion of non-repayable student aid varies significantly from province to province, from a low of 12 per cent in B.C. to a high of 48 per cent in Manitoba, producing differences in the debt burdens of students in each province.
Earlier this year, the Manitoba government conducted a student satisfaction survey. Questions included information about the loan application process to ensure information was readily available, easy to understand and user-friendly. About 1,100 students currently attending Manitoba’s public post-secondary institutions responded to the survey. In response, an overwhelming 91 per cent majority of students surveyed said they believed their education was worth the cost to complete.
“Manitobans understand the value of post-secondary education and are motivated to work hard to achieve their long-term goals,” McGifford said.
As well, more than 4,600 Manitobans have taken advantage of the province’s tuition rebate program in its first year. Of the 4,670 graduates accessing the rebate, which is intended to both retain and attract people to Manitoba, 431 were graduates from institutions outside of Manitoba. The initiative provides post-secondary graduates with a 60 per cent income tax rebate on eligible tuition fees helping recent graduates living and working in Manitoba to pay for their education.
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Thursday, July 24, 2008
Bursaries for Refugee Student in Need
The University of Winnipeg's Norman J and Gwen Axworthy Peace Education Fund is ready to accept applications for bursary for the 2008-2009 school year.
The Peace Education Fund has been set up as a means of assisting refugees and war-affected students attending the University of Winnipeg who have financial needs. The bursary has been set up by Dr. Lloyd Axworthy in memory of his parents and is administered by the University’s Awards & Financial Aid Office on behalf of the Global College. The bursary is directed at registering or registered students who are also part of the newcomers community including refugees and war-affected student.
Thanks Dr. Axworthy, you are a man who puts his money where his mouth is. Congratulations to Dr. Anworthy, Winnipeg is so lucky to have a Chancellor like you.
Completed applications must be forwarded to the University of Winnipeg Awards Office or Financial Aid Office on our before October 1, 2008
Pick up your application from the University or call Tara O'Connor
Liaison Officer at Office: (204) 988-7107;Mobile: (204) 951-6967 for more info.
The University of Winnipeg's Norman J and Gwen Axworthy Peace Education Fund is ready to accept applications for bursary for the 2008-2009 school year.
The Peace Education Fund has been set up as a means of assisting refugees and war-affected students attending the University of Winnipeg who have financial needs. The bursary has been set up by Dr. Lloyd Axworthy in memory of his parents and is administered by the University’s Awards & Financial Aid Office on behalf of the Global College. The bursary is directed at registering or registered students who are also part of the newcomers community including refugees and war-affected student.
Thanks Dr. Axworthy, you are a man who puts his money where his mouth is. Congratulations to Dr. Anworthy, Winnipeg is so lucky to have a Chancellor like you.
Completed applications must be forwarded to the University of Winnipeg Awards Office or Financial Aid Office on our before October 1, 2008
Pick up your application from the University or call Tara O'Connor
Liaison Officer at Office: (204) 988-7107;Mobile: (204) 951-6967 for more info.
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