What is a bursary?
A bursary is a monetary award that is granted on the basis of financial need. Bursaries are different than scholarships. Scholarships are merit-based and are awarded for academic achievement. Bursaries are financial-need based awards that do not have to be repaid. The intention of the undergraduate bursary program is to supplement, not replace, students’ primary sources of funding such as OSAP, government student financial assistance from another province or loan funding from a financial institution.