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Financing Your Academic Journey
by Kritika Sharda,
Contributing Writer
Kritika Sharda is currently a Health Sciences student at McMaster University and a panelist at Mapping Futures 2024.
"In our youth, our dreams know no bounds. However, as we navigate through elementary, middle and high school, these aspirations sometimes dim. The realization of the effort, time, and commitment required can be daunting. And just when we think we’ve tackled these challenges, we face another formidable barrier: expenses."
Embarking on post-secondary education is like stepping onto a path toward making your distinct mark in the world. Whether through certificate programs, college degrees, or university pursuits, education opens doors to mastering the intricacies of a chosen profession, allowing us to expand our expertise.
From the tender age of kindergarten, we're often asked, "What do you want to be when you grow up?" This sparks our imagination, and we dream ambitiously — envisioning careers as artists, musicians, doctors, astronauts, or even imagining ourselves in a sleek, towering glass building. In our youth, our dreams know no bounds. However, as we navigate through elementary, middle and high school, these aspirations sometimes dim. The realization of the effort, time, and commitment required can be daunting. And just when we think we’ve tackled these challenges, we face another formidable barrier: expenses.
Despite the countless hours dedicated to our goals, financial burdens like rent, tuition, groceries, and transportation costs can significantly impact our academic performance. So, how do we manage to stay afloat when the odds seem stacked against us?
Here are some practical steps to secure financial support for your academic journey, particularly within Canada:
Government Grants.
The Canadian government offers a variety of grants to help students finance their education. These include the Canada Student Grant, which provides financial aid to students based on financial need, family income, and other factors. Full-time students can learn more about their options here, and part-time students can find information here. There is no repayment required, making it an excellent option for reducing educational costs.
School Bursaries and Scholarships.
Many Canadian universities and colleges have bursaries and scholarships that are awarded on the basis of financial need, academic excellence, community involvement, or specific talents. It’s important to consult with your school’s financial aid office and apply early for these opportunities.
Work and Volunteer Opportunities.
Consider work-study programs or part-time jobs offered through your school. Many institutions provide opportunities to work on campus in roles that can accommodate your class schedule. Volunteering in community organizations or professional associations related to your field of study can also lead to scholarships and bursaries specifically for active community members.
Essay Writing Contests.
Engage in national or provincial essay contests that offer scholarships or prizes. These contests can be an excellent way to showcase your knowledge and creativity, while potentially earning money to support your education.
Persistence.
Lastly, the importance of persistence cannot be overstated. The journey through academia is challenging, but maintaining your focus and continuously seeking out opportunities for financial assistance can make a significant difference.
As you continue your academic journey, remember that each step you take — no matter how small — builds the path to your future. The obstacles may seem daunting, but your dreams and ambitions are worth the effort. Stay motivated, seek support, and remember, every great achievement begins with the decision to try. Keep pushing forward, stay informed, and use every resource at your disposal. Your dedication and perseverance will not only help you manage the financial aspects of your education but also empower you to excel in your chosen field. Keep your dreams alive and your spirits high; you are capable of more than you know.