A Bursary is an award given to a student who can demonstrate financial need. While need is a major consideration, a student's record must indicate that he or she would benefit from further education. Application is necessary for a Bursary. A Loan is granted to a student demonstrating financial need. The sum loaned must be fully repaid by the student to the loaning body at an interest rate established at the formal completion of the loan agreement.
Application is necessary for a loan.
A Scholarship or Prize is awarded to a student for high academic and musical achievement. Applications are not normally necessary for scholarships, but students should consult the detailed listings below. When any award is granted upon standing obtained in part of the work of any academic year, the candidate must obtain standing in the work of the academic year as a whole. The Loan Forgiveness Program provides the partial forgiveness of loans at graduation for students who have incurred large debt loads. Application forms are available from the Faculty and Admission and Awards.